Flag Found in NZDUSDI was eyeing on NZDUSD for Bullish entry above its major support @ 0.5613.
Then I caught a flag pattern which indicates continuation towards 0.5515. This is also confirmed by its near major support at 0.5514.
The price retraced two times from 0.5514 on 9th April 2025 and 3rd Februrary 2025. It enables me to have a proactive selling below the current Lower Low @ 0.5588 which is the pole of our flag.
Our Stop losses positioned at 0.5617, right above the flag clothing.
I am taking two trades each with 1% risk.
If my first trade target hits then I will move the SL of other trade to BE to ride the same direction with great peace of mind. Happy Trading.
Trade No. 1
Entry (Sell Stop): 0.5588
SL: 0.5617
TP: 0.55518
Trade No. 2
Entry (Sell Stop): 0.5588
SL: 0.5617
TP: 0.55155
Nzdusdshort
NZDUSD - APPROACHING KEY LIQUIDITY & RESISTANCE ZONESymbol - NZDUSD
CMP - 0.6017
NZDUSD rebounds from the ascending support line, initiating a distribution phase toward the liquidity zone situated above 0.6030
A significant resistance zone is observed between 0.6020 and 0.6030, corresponding to a liquidity pool. Should the current distribution pattern persist, the market may reach a state of exhaustion, potentially resulting in a false breakout. The market currently lacks a clear trend and remains range-bound, indicating that prevailing bearish pressure could impede further upward movement.
Resistance levels: 0.6030
Support levels: 0.5969, 0.5932
In the context of a weakening US dollar, the currency pair may sustain its upward trajectory and test the 0.6030 level in the near term. However, considering the structural nature of the current price action, a downward correction appears probable thereafter.
NZDUSD: The Calm Before a Bearish StormNZDUSD has broken below the 50/20 EMA on the 4-hour timeframe chart. The price experienced a sharp decline, followed by a corrective pause that appears to form an expanded flat correction. Wave (C) completed at 0.5692 . The ATR has decreased to 0.00189 , while the ADX has dropped to 22.87 .
The impulsive move is expected to occur downward. If the price breaks below wave B at 0.55870, it may reverse from the following targeted Fibonacci levels : 0.5555 (1.618) and 0.5470 (2.618).
We will update further information soon.
NZDUSD - TRADE ON SHORT SIDESymbol - NZDUSD
NZDUSD is currently trading at 0.61340
I'm seeing a trading opportunity on sell side.
Shorting NZDUSD pair at CMP 0.61340
I will be adding more if 0.61620 comes & will hold with SL of 0.62000
Targets I'm expecting are 0.60470 - 0.59720
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NZDUSD SELLFOREXCOM:NZDUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
NZD USD SHORTSept #1
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6514).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.6423
TP2= @ 0.6374
TP3= @ 0.6291
TP4= @ 0.6215
TP5= @ 0.6100
SL: Break Above R2
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NZDUSD ANALYSIS ON D1 CHART.Overall, NZD/USD is trending downwards. Recently, NZD/USD bounced off the resistance zone of 0.67100.
The New Zealand Inflation Expectations q/q data (Actual: 3.27%, Forecast: NA, Previous: 2.96%) released last Friday indicated a higher level of inflation expectation from the Reserve Bank of New Zealand.
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67100.
Look for short-term selling opportunities of NZD/USD.
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6653).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.6614
TP2= @ 0.6589
TP3= @ 0.6560
TP4= @ 0.6532
TP5= @ 0.6503
SL: Break Above R2
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NZDUSD ANALYSIS ON H4 CHART.Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100.
The New Zealand CPI q/q data (Forecast: 1.3%, Previous: 2.2%) will be released tomorrow at 0545 (GMT+8).
Currently, NZD/USD is testing the resistance zone of 0.67100 and the next support zone is at 0.65400.
If NZD/USD rejects the resistance zone of 0.67100, look for short-term selling opportunities up until the FOMC announcement tomorrow at 0300 (GMT+8).
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6695).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.6660
TP2= @ 0.6635
TP3= @ 0.6613
TP4= @ 0.6589
TP5= @ 0.6570
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️






















