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Nzdbuy

NZDUSD - The USD Will Continue To Fall!Analysis: Upwards trend (bullish confluence factor) Retest of an old support level (bullish confluence factor) 61.8% fib retracement level (bullish confluence factor) Upwards trendline touch (bullish confluence factor) NZD is the 5th strongest major currency whereas the USD is the 3rd strongest major currency (bearish confluence factor) 2K short position increase for the NZD (bearish confluence factor) 8K short position increase for the USD (bullish confluence factor) Comments: Despite the strength of the US, the USD has been pretty bearish for a while now and it looks as if this could continue. We're pulling back into a strong area which we expect to hold as resistance for the DXY, meaning that we could then see a continuation to the downside which in turn would favour our idea on NZDUSD. Whilst we don't have all of the confluences pointing to bullishness, we still have the majority showing bullish signs. With the confluences we have on NZDUSD along with the technicals we have on the DXY we expect to see the USD continue its bearish move to the downside, pushing price higher on NZDUSD. This is what gives us our bullish bias. Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
16
NZD/USD 4HR CHART SET UP BUYHi everyone this is my trade set up for the NZD/USD for the new week ahead NZD/USD is about to change to a bullish bias for me, so i am expecting a pullback to the order block zone and will be looking for a buy trade look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Long
by Costy13
6
NZDCHF LongAssuming S&P continues to rally from time to time and stays above 2700 (instead of plunging down again to 2500 level), still safe to be bearish on CHF and JPY. Riding the bullish momentum of NZD again driven by its strong economic data, and buying this pair again with TP near 0.69462 weekly resistance (up to 0.70 psychological resistance), and SL/trailing SL near 0.68 (38.2 fib level). www.interest.co.nz S&P 500: Daily: Weekly: Confidence: B (already a little oversold in the daily chart so possible it might consolidate between 0.67-0.68 before continuing up to 0.70 if not this week then later this month)
Long
by aiza_belle