NZDCAD ShotNZDCAD Sell Limit 1:21RR
Nzdcad been falling for a few months now making it a bearish trend on the high time frame.
Hoping it'll drop more torwards my Buy Target
Newzealanddolar
Is the NZDUSD bearish or bullish? The Reserve Bank of New Zealand (RBNZ), showing concern about inflation, made another 50bsp hike during May taking its Official Cash Rate to 2.0%. The hawkish tone and actions of the RBNZ paired with fears the US economy could tip into a recession by the end of the year have helped the NZD regain some composure over the past couple of weeks.
The NZDUSD made a significant bounce at around 0.62000 after its descent during the first few weeks of the month. Now, the NZD is showing some sign of weakness as it again attempts to breach the 0.63100 resistance level.
During last week, we saw mixed data for the Kiwi dollar. The Business NZ Services Index showed a significant increase of 55.2 versus the previous data of 52.2, which indicates a stronger expansion in the services area. But on the other hand, Westpac Consumer Sentiment recorded the lowest reading ever of 78.7 since the survey began in 1988 which shows pessimism towards economic growth and low consumer confidence.
On the daily chart, the Williams Alligator Indicator is showing a strong downtrend signal as the price stays below the green 5-period moving average (alligator’s lips). While the other moving averages, the red 8-period moving average (alligator’s teeth) and the blue 13-period moving average (alligator’s jaw) are separated by a large distance between each other giving us a strong bearish trend signal.
However, a staunch support level might appear at the 0.62100 area. Given the fundamental analysis and a strong downtrend signal from the alligator indicator, a possible break out to the downside below the strong support zone may push the pair to the 0.60000 psychological price area.
NZD-USD Will Fall! Sell!
Hello,Traders!
NZD-USD is trading in a downtrend in bear flag pattern
With the top of the flag facing the horizontal resistance
All of which makes me bearish on the pair
So I think that if we see a bearish breakout
Then the pair will fall further down
Sell!
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See other ideas below too!
CTS - NZDCHFThis analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
#NZDCAD OVERVIEW MARCH 7TH - 12TH HELLO TRADERS,
WE HAVE ANOTHER ANALYSIS SEEING THE DEMAND AND LIMIT ON SUPPLY FOR OIL PRODUCTION.
WE WERE ORIGINALLY SHORT EARLIER THIS WEEK NZDCAD BUT NOW FOR THE CORRECTION.
SO WE WILL SEE FROM HERE SHOULD LONG OR SHORTS CONTINUE BUT WE HAVE IT MARKED OUT.
OUR BIAS IS TO THE TO THE DOWNSIDE CONTINUED WITH A CORRECTION TO .91600-.91700
ABOVE THAT, BUYERS MAY STEP BACK IN.
THE TRADING REGIME.
OANDA:NZDCAD
EURNZD: Trading Plan & Bearish Continuation
hey guys,
for many days EURNZD is testing a major falling trendline.
on 4H the price has formed a descending triangle formation with a sequence of lower highs and horizontal support.
it looks like selling volumes are accumulating for the next push to the downside.
wait for 4H candle close below 1.742 to catch the next bearish impulse.
trade on retest or aggressively with stop above the last lower high with the triangle.
initial target level - 1.73
NZD/USD IdeaWatching market structure as we approach this area of resistance. We are currently holding an uptrend but will be looking for a short if the trend shows signs of weakness
NZDUSD has formed a bullish Shark | Upto 20% expectedPriceline of New Zealand Dollar / US Dollar Forex trading pair has formed a bullish Shark and entered in potential reversal zone to hit the sell target zone soon insha Allah.
Price action is hitting the support of bollinger bands.
Volume profile of complete pattern is showing less interest of traders at this area.
Stochastic is oversold.
But MACD is turned weak bearish from strong bearish and Stochastic did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from Stochastic then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.63480 to 0.60336
Sell between: 0.66230 to 0.72463
Regards,
Atif Akbar (moon333)
72.80 important in NZDJPYNZDJPY has reached the top of the uptrend. If the 72.80 level break upwards, 73.50 will become a target. However if 72.80 is not broken, we will follow 71.80 as support.
Inverted Hammer on dailyBullish reversal pattern at Kumo cloud support. Stochastics confirms the long position. Price trends in bullish market - above 200 EMA.
EUR/NZD Sell Price broke down triangleI opened Sell on EUR/NZD because:
1. Price broke down triangle and H1 close under it.
2. Price broke down a daily level.
3. Potential profit 5 times bigger than a risk.
Technically price can move down to 1-st goal 1.7412 or 2-nd goal 1.73591
NZD/USD Sell near 0,6628Reasons why I will open a short:
— Long-trend is bearish.
— 0,6628-0,6637 is key sell zone to open a Short (border of a channel)
— Potential down move is 250 pips with low risk (30 pips) Risk/Reward — 1/8
Attention!!! I will open a Sell after confirmation (fake broke of key level) ONLY. I will write when to open a Sell (with entry & exit points) if this post will get 50 like.
Push like and Subscribe.
NZDUSD: LONG ENTRYLONG entry signal on 09.17 @0.659. My actual entry was late, but Targets are shown on the chart.
Happy trading.
Long oportunityThe price break bearish channel after May 10.
Now, since April 12, we moving up in bullish channel what is good possibility for long trade.
Now price is taking a breath and is going down to retest support between 1.08075 - 1.0787 which is good level to take the long trade.
We have a lot of confluence there. On this level is also 0.618 fibonacci retracement and our trend line of bullish channel.
I'm waiting for good price action signal or just rejected this price level.
R/r = 1:1.94
Enter:1.079
SL:1.062
TP:1.112
NZDUSD "Zellandian Tabula"Here happening something special for The American dollar.
Power demonstrations and reversal movements?!
Let's check. Let's see. ;)
For additional question >> PM
EURNZD - short again if Few days ago I shorted EURNZD, and it was successful trade. I closed my position, but I looking at the chart I think it is good moment to open short again.
Right now we can see correction to downward move and EURNZD is fighting with resistance zone about 1.6965. If chart will reject the resistance, I will open short position and keep it to the channel bottom.
FX| NZDCAD | Technical | Price predictionHere is coming next support guys. So my prediction is buying now and wait for your Takes!
Let's see if it's will be next nice trading idea.
Good luck Traders!
Thank you for your support.
LONG ON EUR/NZD!Anticipating a very bullish ride to highs of 1.73000 and also 1.74000. If of course prices penetrate our current resistance, that's even better as we could see aggressive buying after this zone.
LET'S GO LONG!
TP: 1.73000/1.74000
