nzd usd bottom head soulder formednzd usd bottom head soulder formed
safe with trade more than impact news ,key level in chart
USDNZD trade ideas
NZDUSD ShortA detailed technical analysis of NZDUSD (didn't use advanced technical tools). NZUSD is currently near a major resistance line, forming a double top near it, a double confirmation for its fall. But if it breaks the resistance, it may become a major support line. On the daily timeframe, NZDUSD gave a nice pullback, confirming its fall.
NZDUSD ShortAs we can see clearly that in my chart the market gave the red candle before closing.
I know the market was volatile on Friday but looking at the previous factors we can say that the asset usually falls from this area and the another confirmation is the Resistance line which threw the market back from this point.
NZD/USD moving downsideIt retest her old supplyzone also creates and shooting star candle from supply zone.
NZD/USD bullish trend stated.NZD/USD takes an support from old demand zone after channel breakout and started moving in up direction.
NZDUSD - BUYING HAS STARTED HERE.Fake breakout from the last support making the price to jump back to FIB 0.5 with a strong and multiple confirmation.
nzdusd buy setup foundnzdusd has showing channel setup on daily timeframe,
now here market taking support on lower daily timeframe,
we can also see the buyes setup as the market has making range in h4, the range is almost broken and we can see for retracement and entry..
nzdusd buy setup foundnzdusd has showing channel setup on daily timeframe,
now here market taking support on lower daily timeframe,
we can also see the buyes setup as the market has making range in h4, the range is almost broken and we can see for retracement and entry..
NSDUSD TrendNSDUSD Trend analysis. Sharing chart for educational purpose, take trade based on your risk management
NZD/USD at multi year support * may turn bullish ahead of hawkish monetary policy ahead of NZD.
* 1.272 XABCD
*1.13 ABCD pattern
* USD approaching Level 2 ABCD pattern
* RSI divergence on 1HR
* ADX peaked at 50
* Bollinger squeezed and consolidation on 1HR
* This is all a new low in years
* The new zealand economy is robust and protected against covid cases they have a policy of zero covid
NZD/USD creates an Double bottom.It break her channel as well as touches her support two times which makes double bottom. So, it shows bullish trend wait and watch.
NZDUSD bears cheer RBNZ status-quo, FOMC minutes eyedAlthough RBNZ Governor Adrian Orr could pull the NZDUSD prices back from a yearly low, not to forget mentioning the two-month-old support line, the New Zealand central bank’s refrain from a widely anticipated rate hike keeps the kiwi pair sellers hopeful. Also favoring the NZDUSD bears is the sustained downside break of 200-SMA and the previous support line from July 20 amid bearish MACD. That said, the quote currently drops towards the 0.6900 threshold before the recently flashed nine-month low of 0.6867. It should be noted that a downward sloping trend line from June 18, near 0.6860, can challenge the pair’s further downside.
Meanwhile, August 10 lows near 0.6970 guard the quote’s corrective pullback ahead of 200-SMA and support-turned-resistance line, respectively around 0.6990 and 0.7005. During the NZDUSD upside past 0.7005, the previous week’s top close to 0.7060 and a six-week-old downward sloping resistance line close to 0.7080 will be important to watch. It’s worth noting that the FOMC minutes should reject the tapering tantrum, which is less likely, to recall the NZDUSD bulls.
NZDUSD LongNZDUSD Long
Risk/Reward: 1:3
Give a Like and Feel free to share your opinions in the comment!
Happy Trading 😊
ASIANFOREXBased on fib retracement and trendlines it has been falling since years due infaltion usd dollar has become week.
NZDUSD wait for break out then execute, most probably market will goes up.......................................
NZD/USD BUYING OPPORTUNITY WAIT AND WATCH FOR A GOOD ENTRY...
When PRICE ZONE 1 comes near then maybe touch PRICE ZONE 2 too.
ENTRY PRICE:- If there is PRICE CLOSE above ZONE 1 then we will take the entry
NZDUSD - CANDLE CONFIRMING SELLING OPPORTUNITY.Minor retesting is going on which will may be hit the pivot point , selling will be start.
#NU look to short in a pullbackNU looks bearish, with that cable, which I shared in my last idea will also go below our POI, but cable can give opportunity to scalp on the long side as well.
I always try to trade on both the sides, I don't care whether it is a pullback or continuation. Just that pullback is a bit tough., but gives similar R:R.
Here is the cable chart what and how I am planning for next week.
Regards
