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!
Nzdusdshort
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,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this symbol, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is being completed.
We are inside wave (c) of wave (y) and from this wave c, waves 1, 2, 3 are formed.
And now wave 4 has started, wave 4 according to wave 2 is probably in the form of a flat, which is long in terms of time and shallow in terms of price, and we still preferred not to specify the target.
If the Fibonacci retracement of 0.618 at the price of 0.70000 is broken upwards, it can be concluded that the correction process is complete and the leading waves are forming.
A further drop above Fibonacci 0.618 would be a very abnormal warning sign.
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