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Nzdusdweekly

NZDUSD Weekly Forecast and AnalysisNZDUSD Weekly Forecast and Analysis Overview: As we approach the next trading week, the NZDUSD pair exhibits a promising bullish picture. Based on price action, we anticipate the price to find a strong support base near a minor resistance zone indicated on the chart, suggesting potential for further upward movement. Let’s dive into the detailed analysis based on price action and trend directions. Support and Resistance Zones: The key support and resistance zones marked on the chart above are very crucial areas for traders to constantly watch price action around these two key levels for the NZDUSD pair. Price Action Insights: Bullish Candlestick Patterns: The formation of bullish engulfing candles near the minor support zone will highlight strong buying interests among traders. The formation of this pattern around the minor support zone will act as a reliable indicator of potential continuation in the bullish trend. The NZDUSD pair has recently shown strong upwards momentum, leaving traceable signs of bullish trend continuation. Breakout Scenario: If the NZDUSD pair breaks above the highlighted resistance zone, we anticipate a very strong upward move whereby the price establishes a new weekly high, as shown on the chart. This breakout could be driven by sustained buying pressure and positive market sentiment among traders. Conclusion: In summary, the NZDUSD pair is poised for continued bullish movement in the coming week. The price action and momentum analysis support the expectation of a breakout above the highlighted resistance zone, leading to new weekly highs. Traders should monitor key levels closely and consider potential entry points aligned with the observed price action and trend indicators. Staying informed and adaptable to market changes will be crucial for successful trading. Invest Wisely, By Piptera Digital Solution
Long
by Piptera-Digital-Solutions
NZD/CAD bearish confirmation the trade will be executed.monitoring NZDCAD for a selling opportunity around 0.80400 zone. Canada experienced a trade surplus every year between 1970 and 2008. With the exception of the years 2011 and 2014, the trade balance has been in deficit since 2009. The highest trade deficits were reported with China, Germany, and Mexico in 2018, while the largest trade surpluses were recorded with the United States, the United Kingdom, and Norway in the same year.
Short
by forexinworld
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.
by benny_marshall
NZDUSD - sell biasedHi all traders, For NU, im actually looking for more downside for this pair. Reason being. This pair have reach an important level. Any attempt to touch the trend line, we should be looking for sell opportunity for now. However, if the trend line is broken strongly , we might see it test the top level again and if fail, we should continue sell again. The reason for it being sell biased is also mainly due to usd strength. Of course if, USD strength does not appear. We should be looking for continuation upwards. But for now, im still sell biased until i see the top level is broken. Cheers and trade safe! =) Like and share my trade idea with your friends and follow me on tradingview if you wish to have more analysis of such pairs. Thanks!
Short
by FxTradingWarrior
1
NZD/USD pair is trading above the strong support level of 0.6520The pair is buying and selling above the robust assist stage of 0.6520. The pair is negatively affected by the US-China stress, in addition to the expectation of the publication of the minutes of the final assembly of the Reserve Financial institution of New Zealand on Tuesday. Technical aspect: The value is beneath the center Bollinger band, beneath SMA 5 and SMA 14. RSI is above the oversold zone and strikes horizontally. Stoch are declining. Buying and selling suggestions: If the pair falls beneath the 0.6520, it could go additional all the way down to 0.6450.
by forexinworld
NZD/USD - bears taking control of the market?NZD/USD price has been in a significant bull run since the lows back in March. On the weekly NZD/USD chart we can see that price has now strongly rejected from the weekly sloping resistance and has finally bulldozed through the strong level of support at 0.6582 on the back of weaker fundamentals from New Zealand. The price has also broken to the downside from a daily ascending trend zone which will likely only further push price lower, with a retest of support at 0.6500 expected. To do so would mean closing below the weekly 50 EMA which is currently providing support. If the support at 0.9500 and the EMA fails, we would expect a further push down to retest 0.6380.
Short
by TheForexFellows
2