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Nzdusdforecast

NZDUSD | Perspective for the new week | Follow-upPrice continues to play out in accordance with expectations as it moved over 300pips in our direction since my last publication (see link below for reference purposes). As the majority foretell a risk of further decline in the Kiwi in the coming week(s), I beg to take the opposite direction and maintain a Bullish bias on this pair. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Harmonic (AB = CD) pattern Observation: i. In the last 13 weeks, Buyers have found a niche around NZ$0.71000/0.70500 hereby making this area a strong Demand level. ii. We have experienced a sharp decline in price in the last two weeks after the Kiwi hit a peak of NZ$0.74650 in late Feb. 2021. iii. At this juncture in the market, it is impossible to ignore the pattern the decline has formed on its way down to the Demand zone - a Harmonic (AB = CD) structure. iv. ABCD pattern with parameters explained below; a. Leg A-to-B appears to be in harmony with the C-to-D leg. b. The B- to-C leg falls at 38.2% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ NZ$0.71000/0.70500 area. iv. Considering the stronghold of NZ$0.71000/0.70500 area by buyers in the past, the AB = CD pattern makes a "good" reversal set-up at this juncture in the market as I anticipate a Breakout/Retest of my Key level @ NZ$0.71850 to join the rally (any area above Demand area is good for me). v. If the price moves as expected and reaches the Supply zone, It is advisable to lock in profit to avoid getting caught up with selling pressure and note that a further Breakout of NZ$0.73000 might confirm a rally continuation. Trading plan: BUY confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NZD/USD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/USD: Daytrade-Preparation Market-Buy: 0,73310 Stop-Loss: 0,72940 Point of Risk-Reduction: 0,73675 Take-Profit: 0,74140 Stop-Loss: 37 pips Risk: 0,5% - 1% Risk-Reward: 2,30 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
24
NzdUsd to break up from rectangleIn my previous analysis on NzdUsd I said that I expect the pair to continue its range between 0.7250 and 0.7100. It seems this is not the case and USD is way too weak these days. On Friday Kiwi reversed losses from 0.7180 and managed to close the day above 0.72 At the time of writing NzdUsd is 0.7240, just under the upmentioned resistance and I expect a break to the upside. Such a break can lead to a new local high above 0.73 and 0.7350 could be the short term target for bulls
Long
by Mihai_Iacob
9
NZDUSD | Perspective for the new weekWe did not get to see a rejection of our neckline in my last publication (see link below for reference purposes) as the price continues to find new highs. Since the beginning of the year 2021; price has consistently been dominant above the Key level with tendencies of finding new highs as price breaks out of Bearish trendline. Tendency: Uptrend ( Bullish ) Structure: Trendline | Breakout | Supply & Demand Observation: i. A successful Breakout of Trendline (20th Jan 2021) followed by a rejection of this line 8 days after is a sign that we might be on to experience a temporary/permanent rally soon. ii. The rejection of Bearish trendline shall be a yardstick to look for buying opportunity in the coming week. Trading plan: BUY confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
NZD/USD BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/USD: Daytrade-Preparation Market-Buy: 0,72250 Stop-Loss: 0,71890 Point Of Risk-Reduction: 0,72620 Take-Profit: 0,73070 Stop-Loss: 36 pips Risk: 0,5% -1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me!
Long
by Trading2ez
3
NZD/USD BUY SIGNALHey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/USD: Daytrade-Preparation Buy-Stop-Order: 0,71300 Stop-Loss: 0,70850 Point Of Risk-Reduction: 0,71630 Take-Profit: 0,72415 Stop-Loss: 45 pips Risk: 0,5% -1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
2