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Nzdusdbreakout

NZD/USD - Bullish OpportunityNZD/USD has broken above the 200 EMA on the 4H chart and is finding support on top of it for the first time since the month of April. This is a good sign of the beginning of a long term reversal. As long as that support holds, we can expect NZD/USD to continue upwards and eventually hit our TP. Then do a pullback and hit either the 50 EMA or the 200 EMA to continue further up. Give it some more time to confirm it's support and strength to move up then enter. Trade safe.
Long
by MoolahMaker
NZDUSD - Monthly UpdateRecent price action: Bearish Pattern: Head and shoulders/Rising wedge Long-term momentum: Bullish/ranging Short-term momentum: Bearish Bias: Short Action: Already in a short sell. Signal was based on daily time frame. Will need a close below trend support and weekly support to confirm further movement to the downside. Weekly support will also function as the neckline for the head and shoulders pattern. Comments: Price is moving exactly how I forecasted when the right shoulder was forming. High chance of getting a bounce back to the upside once weekly support it hit. Price has not been able to get below this level since April 2016.
Short
by tradingwithyg
NZDUSD testing major channel resistance,potential strong drop!NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is also seeing major resistance at 91% where a corresponding drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDUSD Profit Target Reached Perfectly, Prepare For A DropNZDUSD has once again reached our profit target perfectly. We now prepare for a drop. Sell below 0.6905. Stop loss at 0.6935. Take profit at 0.6855. Reason for the trading strategy (technically): Price shot up perfectly and reached our profit target. We prepare to sell below major resistance at 0.6905 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards major support at 0.6855 (Fibonacci extension, horizontal swing low support). Stochastic (89,5,3) is seeing major resistance below 90% where a corresponding reaction could occur.
Short
by theforexarmy
1
NZDUSD Reached Profit Target Perfectly, Prepare For A BounceNZDUSD has dropped perfectly to our profit target and is now testing channel lower limit support. Buy above 0.6855. Stop loss at 0.6829. Take profit at 0.6905. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target and we’re now seeing major support at 0.6855 (channel lower limit support, horizontal swing low support). We expect a bounce to occur at this level to push price up to major resistance at 0.6905 resistance (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance). RSI (89) sees major support above 36% where a corresponding bounce could occur.
Long
by theforexarmy
NZDUSD Long hello traders today we are looking at #NZDUSD, this chart can be a little bit confusing so I’m going to try to make sence of it as much as i can 1. we have broken trend line #1 2. we have broken trend line #2 3. we have broken trend line #3 because all of that happening we will only look for #short positions. we have a trend line (red) that i would like to see retest before we #short. it is also a nice resistance level. If you have any questions please contact us via Private Message or via comment. -Professor
Long
by Elev8FX
1
NZDUSD testing major resistance, time to sellNZDUSD is at a good opportunity to sell. Sell below 0.7306. Stop loss at 0.7341. Take profit at 0.7249. Reason for the trading strategy (technically): Price is testing major resistance at 0.7306 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong drop could occur at this level to push price all the way down to 0.7249 support (Fibonacci retracement, horizontal swing low support). We do have to be cautious about 0.7276 intermediate support as price might bounce off there. Stochastic (34,5,3) is seeing major resistance below 95% where a corresponding reaction could occur.
Short
by MEX_Exchange
NZDUSD double bottom forming nicely, further bullish potential!NZDUSD is has formed a nice double bottom formation and we’re seeing major support above 0.7273 (Fibonacci retracement, horizontal overlap support, breakout level) and a strong bounce could occur from here to help price rally towards our next major resistance at 0.7341 (Fibonacci retracement, horizontal swing high resistance). RSI (89) sees ascending support hold price up really well and adds to our bullish momentum. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
NZDUSD looking really bullish, time to buyNZDUSD has completed a double bottom reversal and is looking really nicely setup to rise further. Buy above 0.7276. Stop loss at 0.7251. Take profit at 0.7341. Reason for the trading strategy (technically): Price has formed a sort of double bottom reversal and our major support remains at 0.7276 (Fibonacci retracement, horizontal overlap support, double bottom exit) and we look to buy above this level for a push up towards 0.7341 resistance (Fibonacci retracement, horizontal swing high resistance). We do have to keep a watch out for immediate resistance at 0.7307 (Fibonacci retracement, horizontal overlap resistance) which needs to be broken to open a further rise. RSI (34) sees ascending support hold up our bullish momentum really well.
Long
by MEX_Exchange
1