Nzdusddaily
NZDUSD Long OpportunityHi guys its Brian here with a long opportunity for NZDUSD
Currently NZDUSD has been falling hard and is reaching areas of support. I have identified 2 price levels specifically and labeled them as Entry 1 and Entry 2.
If you are not sure which entry to use then you can just use both by scaling in your entries. I have also identified a Take Profit level as well.
Entry 1: 0.6487
Entry 2: 0.64177
Take Profit: 0.66069
Stop Loss: Slightly below Entry 2
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NZDUSD to reverse from downside confirmation, potential drop!
NZDUSD to reverse from its downside confirmation at 0.65393 where it could potentially drop further to 0.64837.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD to reverse from downside confirmation, potential drop!
NZDUSD to reverse from its downside confirmation at 0.65974 where it could potentially drop further to 0.65619.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD to climb from downside confirmation, potential bounce!
NZDUSD to climb from its downside confirmation at 0.66169 where it could potentially bounce further to 0.66562.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD approaching support, potential for a bounce!
NZDUSD is expected to drop to 1st support at 0.66169 where it could potentially react off and up to 1st resistance at 0.66562.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD to reverse from downside confirmation, potential drop!
NZDUSD to reverse from its downside confirmation at 0.66610 where it could potentially drop further to 0.66521.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD to climb from downside confirmation, potential bounce!
NZDUSD to climb from its downside confirmation at 0.66945 where it could potentially bounce further to 0.67320.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD to climb from downside confirmation, potential bounce!
NZDUSD to climb from its downside confirmation at 0.66945 where it could potentially bounce further to 0.67320.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD to reverse from downside confirmation, potential drop!
NZDUSD to reverse from its downside confirmation at 0.67328 where it could potentially drop further to 0.66945.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD approaching support, potential for a bounce!
NZDUSD is expected to drop to 1st support at 0.67647 where it could potentially react off and up to 1st resistance at 0.68074.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Elliott Wave View: NZDUSD Showing Incomplete SequenceNZDUSD has an incomplete 5 swing sequence from May 23, 2019 low favoring further upside. Short term Elliott Wave view suggests the pullback to 0.6565 on July 10, 2019 low ended wave ((X)). Pair then rallies from there as a zigzag Elliott Wave structure where wave (A) ended at 0.6737 peak.
Up from 0.6565, wave 1 ended at 0.6608 and wave 2 pullback ended at 0.659. The pair then rallied higher in wave 3 towards 0.6689, and wave 4 pullback ended at 0.6661. Up from there ended wave 5 of (A) at 0.6737 peak.
Pair is now in pullback in wave (B) to correct cycle from July 10, 2019 low before the rally resumes. We don’t like selling the pair and NZDUSD should see more upside after finishing the pullback in 3-7 or 11 swings.
NZDUSD to climb from upside confirmation, potential bounce!
NZDUSD to climb from its upside confirmation at 0.67264 where it could potentially bounce further to 0.67575.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD reversed from resistance, potential drop!
NZDUSD reversed off its resistance at 0.67156 where it could potentially drop further to 0.66613.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
BULLISH CONTINUATION AFTER PULLBACK Similar to AUDUSD , price is approaching a zone of resistance where we may see price potentially retrace to our entry point before completing the bull move at our take profit level marked at the green line.
Entry - Grey line
Stop loss- Red line
Take profit - Green line