Analysis of #NZDUSD
similar to my EURUSD analysis just a few minutes ago expect the dollar strength to continue until FED's next rate decision.
taking a look at the chart we have trend line resistance and structure resistance level near 0.6620-0.6640 coincide which will make a good level to enter short trade if the rules for entry are met
we need to be...
The misery continues for the New Zealand dollar, which is down almost 1% on Thursday. NZD/USD has fallen below the 0.65 level and has plunged 6.54% in the month of April.
ANZ Business Confidence was unchanged in April, with a reading of -42.0. That means close to half of New Zealand businesses are pessimistic about the economic outlook over the next 12 months....
Hello traders
#NZD chart completely follows the #DXY index like the other currencies do
Here we are preparing ourselves for a good entry into this currency for
⚜️Type: Buy Stop
🎚EP: 0.64389
✅TP1:0.65321
✅TP2:0.66308
✅TP3:0.67116
✅TP4:0.68895
⛔️SL:0.63601
NZDUSD has crossed its demand level now acting as supply zone. The pair is in a strong bearish momentum on high timeframe which is also caused by a strengthening of the US dollar. The pair is also seen moving within a falling channel. I expect price to fall from the supply zone and the target will be 0.64.
Please do support this idea with likes.
Are you have any questions, suggestions, or feedback? Then write on a comment or private chat. If you need any help, info, or analysis. Then knock me without any hesitation. Thanks
Looking to sell NU around SELL AREA and to close position in TP AREA (+30PIPS)
- Enter on signs of reversal
- Do not execute Sell if price breaks through Sell Area with Strong bullish momentum
Trade Safe
- NZD FEATURE is currently down a bit. The main reason for this is the slowdown in COMMODITIES and the slight strength of the USD. The POSITIVE SENTIMENT for USD has not diminished yet. The NZD FEATURE stands at 0.6560 LEVEL. The DXY is currently up to 102.54. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Prices are below NZDUSD...
Are you have any questions, suggestions, or feedback? Then write on a comment or private chat. If you need any help, info, or analysis. Then knock me without any hesitation. Thanks
💬
What do you think?
💬
Everything I share is how I trade personally. 😉
Enter the trade by checking yourself. ☑️
Do not put more than 2% of your capital at risk! ❌
