Nzdusddaily
NZD/USD Price Outlook: Sell from Resistance LevelWeak USD has led to a rally in NZD/USD and it has reached the resistance level. However, I expect the price to drop very soon. I will be putting sell in NZD/USD between 0.6510 to 0.66 area with Stop losses above the weekly resistance at 0.67.
I am looking at the 0.63 area as the first target for the sells.
NZDUSD Sell Set-up: Bears just need a little PushNZD/USD appears to be in a trend reversal phase but bears don't have enough momentum so far. That being said, I can definitely see the bulls stepping away slowly. Bears just need a little momentum to break the 0.64 area clearly and then we can expect a bearish move to 0.6270.
I have described a sell set-up in the chart. Please take a look!
Long $NZDUSD against.6380Hello Sophisticated Trader,
Similarly to the $AUDUSD, the $NZDUSD has been holding support since .6388. The pair has been holding strong support of the trend line. This coming week towards the month-end, we could expect a rally potentially towards .6700. Only a close below .6388 would negate the pair bullish momentum toward the top.
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NZD/USD Big Sell, TP 400 pips, low risk set-upIn the weekly chart, NZD/USD is unable to break the 100week Exponential Moving Average.
The down trend line is also stopping the Bulls from pushing the price higher.
It looks like the bears will step in very soon and push the price lower. Selling between 0.6460-.6580 is a good idea with initial target at 0.6150.
SL can be placed above the resistance area.
Short $NZDUSD against .6500 for a test of .6200Hello Sophisticated Trader,
The $NZDUSD has a similar setup with the $AUDUSD, coupled with the renewed dollar strength that could potentially make this pair an attractive sell for a test of .6200. Any retest of .6500 would support a short and only a break and close above recent high would negate the potential test.
Remember to buy on support and sell on resistance.
Minimize your risk and Maximize your profits.
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Happy Trading!
Dr. Lydia Smith
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NZD/USD Price Outlook: Is the pullback period over?For more than a week, NZD/USD is in a pullback + consolidation phase. But, it looks like the pullback phase is about to end very soon. The direction of the next movement will be determined by trader's reaction at this key level.
If bulls can defend the 0.64 level, then the next direction will be upwards towards 0.66.
A small pullback in NZD/USD but uptrend will continueThere has been a small pullback in NZD/USD as the buyers are taking some profit and consolidating the gains before the next uptrend.
Buying the dips is still a good plan as Bulls are still strong and they are likely to take the price above 0.6550 next week.
NZD/USD Price Outlook and Trading PlanUS Dollar weakness across the board and positive market sentiment has given the NZD/USD bulls opportunity to continue the uptrend.
I have explained the possibility of a weak USD Cycle over the next few years in my EUR/USD market commentary.
This gives opportunity to high-beta currencies like New Zealand Dollar, Australian Dollar and other EM currencies to appreciate against the US dollar.
So, buying the dips is preferred while trading NZDUSD. 0.6450 is a short-term target for the NZDUSD bulls and 0.6750 also remains a possibility.
Trading Plan #NZDUSD (SHORT)Hey Guys! Like and comment if you like the content. 👍 Subscribe will be a lot of interesting 👌
Selling a pair with current SL and TP levels indicated on the chart
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
NZDUSD Sell signal setupHeres my analysis on NZDUSD before the week gets started.
enjoy a free signal.
trade at your own risk.
SELL
Symbol: NZDUSD
Entry: 0.6100 (Sell limit)
Best Entry: 0.6125 (Sell limit)
Stop Loss: 0.6180 (-80 to -55 pips from B.E.)
Take Profit: 0.594 (+160 to +185 pips from B.E.)
Take Profit 2: 0.585 (+250 to +275 pips from B.E.)