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Nzdusdforecast

NZDUSD : THE FORGOTTEN ONE?Hi traders, Our dear friend NZDUSD is now in our sight. This pair was in an uptrend for some time before breaking it to the downside. As you can clearly see the price went back to touch the bottom of the previous trend line before falling down yet again. The price is now battling in that order block. Since the bias is bearish at the moment, we waited for a retracement to previous FIB extension and the top of the order block to go SHORT on this pair. All other details are in the chart, go take a look! Here's my view : NZDUSD SHORT: ENTRY : 0.72124 SL : 0.72657 TP 1 : 0.70643 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Short
by ScottMescudiForex
NZDUSD : CLEAR HEAD & SHOULDERS PATTERN FORMING?Hi traders! As I looked through my charts this morning, NZDUSD spoke to me. I'm seeing a head and shoulder pattern forming on the daily time frame! I'm torn though because I don't see the USD getting stronger but the NZD can make a case for itself to be a weak currency at the moment too. MACD is almost crossing and RSI bounced off the 50 line. The RR is pretty awesome if this trade fall through, as the initial TP would be hit and I could let the price go down some more and just trail it. NZDUSD SHORT : ENTRY : 0.73199 SL : 0.73921 TP : 0.71117 For me, the 70 pips risk looks like it's worth it. It's a risky-er trade than the one I usually post but the analysis is on point. Trade safe guys!
Short
by ScottMescudiForex
5
NZDUSD : Clear path for the BULLSNothing is standing in the way of the bulls now. Resistance has been met and price doesn't fall down. DXY still making new low everyday. NZD and AUD didn't quite catch that upside that other pairs got last friday. I'm expecting a push up yet again! We have to wicks that retraced back into our zone as it tried to break down but was unsuccessful. NZDUSD LONG ENTRY : 0.74911 SL : 0.7452 TP : 0.76175 RSI & MACD can stay this high longer than you can hold a short position! Long it is! Trade safe!
Long
by ScottMescudiForex
NZDUSD 4H Short opportunityHi there, The NZDUSD on the 4H chart might be opening an opportunity for us in the next 1-2 days. We can see a trendline to the upside and will now wait for a break of this trendline with a bearish candle (preferably a strong push). Some people might want to enter after the break, but I highly suggest to either be patient or to enter with a half position. I want to see a break of the blue rectangle, a strong flipzone. Once this has been broken, then this would seem like a shift in the momentum and a trade can be initiated. As always, be patient and stay disciplined.
Short
by FromForkToFingers
NZDUSD : FINALLY THE BULLS ARE BACK!Hi traders! A weekly chart! We need to see the bigger picture here. I finally see NZD pushing through these bearish time to get back up to a new zone in of interest. You can always catch similaties between this and the AUD. The AU has been able to push on last friday and I can easily NZD trying to do the same this week. NU hasn't been able to close either daily or weekly at where we are now which is very bullish! I will long from here with a SL under the last bearish wick we had last week. Trade safe!
Long
by ScottMescudiForex
Short NZDUSD Longterm Based on Daily, Weekly + Monthly ChartsNZDUSD failed to reach the expected levels of 0.74 and bounced of a major resistance level. We have the opportunity to short from here with the possibility of a 300 pip trade for the longer term. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
4
NZDUSD profit target almost reached, prepare to sell again for aSell below 0.7324. Stop loss at 0.7347. Take profit at 0.7262. Reason for the trading strategy (technically): Price dropped perfectly from our selling area yesterday and is on track to our profit target. We prepare to sell again 0.7324 resistance (Fibonacci extension, horizontal swing high resistance, bearish price action) for a push down to at least 0.7262 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 95% and also a descending resistance line holding price down. Correlation analysis: AUDUSD and NZDUSD are both expecting drops today.
Short
by MEX_Exchange