Nzdusdtrade
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and some strength in the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES also fell down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD. But yesterday, AUD, NZD, CAD, CURRENCIES were in DEMAND due to MARKET RISK ON again.
- Thus, COMMODITIES are becoming somewhat BUY. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until the 0.6266 LEVEL. And after that, if the MARKETS RISK OFF, you can definitely SELL until the NZDUSD 0.5999 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
GBPUSD and NZDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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Will the new increase (nzd/usd) be sharp?In my opinion, this currency pair is in a 5-wave downward trend.
We are currently in the middle of wave 4 and the first part of wave 4 movement has been completed. Currently, we should expect the formation of the second part of wave 4.
In the second part of the movement of wave 4, selling pressures will decrease and buyers will take over the market. As a result, the second part of the wave will be very sharp.
Be successful and profitable
NZDUSD time for a short ⏰↘️We start the week with a NZDUSD short trade .
Trend trade identified and entered.
Working H1 timeframe.
Trade details can be found on the chart in printed label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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$NZD KIWI - Where to next?$NZD KIWI - Where to next?
We had the FOMC, wasn't as hawkish we are at neutral rates, we had a horrible GDP and now we are in data dependent of course, is recession priced in already? Well, time will tell but regarding NZD:
Technical terms: In pennant/Bull flag a break to either direction. A break above 50 EMA - TL down we onto the bulls further in control next area of interest 1.618 areas which is a key resistance zone.
I bullish FX commodity pairs and precious metals, even a crypto! (Not Investment Advice)
TJ
NzdUsd to resume its down trendIn the past two weeks, NzdUsd has risen from the recent low at 0.6060 to a high just under 0.63. This, however, is only a correction to the major overall downtrend and the pair looks ready to resume its down move.
0.62 zone is confluence support given by horizontal and rising short-term trend line levels, and a break under would confirm my outlook.
I'm looking to sell this pair on confirmation with a 0.6 zone target
NZDUSDNZDUSD is at a KEY Level (Bullish Order Block) where we are expecting a Bullish MM Reversal pattern. There may be a short move to go below the current low to raid the liquidity underneath the lows before we go up. This means that SL might need to be a bit bigger or be very clinical with entry in the lower timeframes (15min, 5min).