Get started

Nzdusddaily

NZDUSD Rally Overdone: A Potential SELL tradeDear Traders, in my previous NZDUSD idea I advised you to buy NZDUSD at 0.62 area. That trade went great and all 3 targets have been achieved. Now, I would like to present a possible short set-up through this idea. As you might have already noticed, persistent USD sell-off coupled with the fact that a US-China trade deal is on the cards is helping risk assets like NZD,AUD, etc to find some bids. However, in reality, the situation is not as rosy as it seems when it comes to the world economy. So, there are plenty of risks that can make investors very wary of buying risk assets like NZD. The current rally in NZDUSD looks like it's about to end very soon. So, traders can observe the price action in a lower Time frame and in case of weakness, traders can look for SELLs between 0.6735-.06780 with SL above 0.6850. TPs can be set at 0.6610 and 0.6480 respectively.
Short
by TraderAvDM
8
NZDUSD Daily Key ElementsNZDUSD Daily Key Elements *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
by Pepperstone
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD Lots of NZD strength. A little surprised to see NU push up like this given the time of the year, but 0.67 is a strong key level so I am not that surprised. This pair is looking amazing. NZDUSD is at a very interesting make it or break it level. Is NU going to sustain bullish pressure and keep climbing up, or are we going to see a strong rejection off resistance followed by a big push to the downside? We need to be very patient, and carful.
by Layne_LV
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD A very nice push to the upside above resistance as previously anticipated! I thought it would have happened sooner but the lack of volume delayed it. As you can see in my previous NU idea we have pushed up above that key area of resistance. NZDUSD is looking very VERY interesting now. Still sitting on my hands for the time being until the market picks up a bit. Remember only novice traders take a trade everyday! NOT EVERYDAY IS GOING TO BE A TRADING DAY! We are traders not gamblers. Sometimes less is more. In times of no market volume just disconnect spend time with loved ones or doing something you love to do. It is good to decompress and come back refreshed.
by Layne_LV