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Nzdusdsignal

NZDUSD | Perspective for the week | Follow upWe experienced over 250pips move in our direction since my last publication on this pair (see link below for reference purposes) and I suspect that price-action is going through a Correction phase that we are yet to decipher when it will stall. Last week trading session saw the Kiwi close in the positive territory for four straight days and continued to find higher highs that culminated at $0.7070 on Friday. Market participants still remain optimistic for the Greenback ahead of the June Nonfarm Payrolls report. At the time being, market expectations point to a 600,000 increase in the headline number, while the unemployment rate is foreseen contracting from 5.8% to 5.7%. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) Observation: i. Since hitting a peak at $0.74500 on February 25th 2021, the price continued to find lower lows hereby transposing into what looks like a Descending channel. ii. DESCENDING CHANNEL: Connecting the lower highs and lower lows of price action with parallel trendlines reveals the prevailing downward trend since February 2021. iii. A successful Breakdown of $0.71200 on the 16th of June 2021 confirms the Bearish momentum. iv. With the current structure, Correction phase is happening and I am yet to decipher where and when it will stall in anticipation of a decline continuation. v. In this regards, I have identified a selling niche around $0.71000/0.78000 area. vi. I expect a transition into a Harmonic pattern (AB = CD) in the coming week with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is expected to fall around 61.8% with the potentials of extending to 78.6% 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 @ $0.68000 area. iv. Should price refuse to climb into the selling niche, anywhere below my Key level remains a yardstick for selling opportunity in the coming week(s). v. A Further plunge below $0.69400 (breakdown/retest) might welcome addition to the existing position.... Trade consciously! 😊 Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:5 Potential Duration: 7 to 15days 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 commodity trading, CFDs, stocks 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.
Short
by darcsherry
NZDUSD | Perspective for the new week | Follow-upWith approximately 300pips move in our direction since my last publication on this pair (see link below for reference purposes); It appears we are at a juncture for a trading opportunity in the market as I suspect a risk of further decline for the Kiwi as Breakdown/Retest of Neckline which is also my Key level @ $0.71500 becomes imminent. The US Bureau of Labor Statistics reported on Friday that Nonfarm Payrolls rose by 559,000 in May and despite figures reported to be below expectations, the Greenback appears to be on the verge of soaring in the nearest future. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) Observation: i. The $0.7300 area appears to be a very strong supplication area since the beginning of the year 2021 as an attempt from buyers to break above this level in February was followed by an emphatic bearish run that lasted a whole month! ii. It is also obvious that the $0.73000 level became a stalling zone (approximately 61.8% retracement of AB leg) for the correction of the Impulse leg AB as it was met with multiple rejections hereby emphasizing the strength of sellers at this juncture. iii. In this regard, I shall look forward to a transition into an ABCD pattern with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently at 61.8% Fibonacci retracement (with the possibility of a 78.6%) 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 @ $0.67500. iv. The Breakdown of $0.71000 (Demand zone) in March 2021 reveals that sellers are beginning to creep in at this level for future investment in the Greenback. v. This critical observation led to the identification of a New Supply level of around $0.72000/0.71500 for a future selling opportunity. vi. Conscious trading shall anticipate a Breakdown/Retest of Key level @ $0.71500 in the coming week for confirmation. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 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.
Short
by darcsherry
NZDUSD Descending TrianglesHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full 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. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. NZDUSD foaming Descending Triangles,Sellers are continuing to put pressure on the buyers, and as a result, we start to see lower highs met by a strong support level. Let's watch together Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
by Bexi03
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart. In the weekly timeframe , we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle. so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective. #nzdusd #nzdusdtoday #nzdusdanalysis
Short
by UnknownUnicorn9076755
forex | nzdusd multi timeframe analysis - long term sell tradethe monthly time frame we are in a clear up channel and I recognize important key levels that treated as support and resistance in the monthly chart. In the weekly timeframe, we see the clear rejection for the monthly key level with the red candle moving to the daily chart we see rejection also and the price was in an uptrend and that trend has been broken with a strong red candle. so from now, I'm looking for selling signals not interested in buying and that is aligned with the COT perspective. #nzdusd #nzdusdtoday #nzdusdanalysis
Short
by UnknownUnicorn9076755
NZDUSD | Perspective for the new week Kiwi clung to early gains during the Friday trading session which is represented on the chart with a Bullish engulfing candle from the $0.70100 level and it does not appear it is ready to let go in the nearest future considering the obvious - we are in a long term Bullish perspective (see weekly chart below)! The Greenback has been on a pedestal from mid-February 2021 till last month (March 2021) when it appears to have lost the momentum and found Bottom @ $0.69500 which was immediately followed by Higher Highs that resulted in a Breakout of my Key level @ $0.70250 during last week trading session; A feat that signifies the completion of a simple reversal set-up paving the way for possible gains in the coming week(s) amidst falling US Treasury bond yields. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom) Observation: i. The appearance of a Double Bottom pattern on the chart describes the reversal or change in trend and momentum from prior leading price action. ii. Breakout of Key level @ $0.70250 during last week trading session is a clue that Buyers are gradually gaining momentum and strength at this juncture in the market. iii. A Bullish engulfing candle appearing at the $0.70250 zone (1st of April 2021) which has been a Supplication area in the last 10 days signals that market participants are tending towards changing preference to support the Kiwi. iv. There is a possibility that price might do a correction after the Neckline Breakout that might dip into $0.69850/0.70300 zone - a new Demand level for future buys. v. This been said, conscious traders might be patient to confirm sellers are no more viable at this juncture in the market by waiting for a Breakout/Retest of $0.70400 (Supplication area) to join the rally... Trade consciously :)! Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:8 Potential Duration: 7 to 12days 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