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Nzdusdtrade

#NZDUSD SELL OPPORTUNITYIn 4H time frame we have clear bearish move, which followed by bullish corrective move. price retraced to 50% area of Fibonacci ratio in corrective manner, price failing to create HH which base on Dow theory is the first signal for trend weakness. for trading this pair at 6th of October if price manage to come lower than 0.69490 and remain below the EMA 144 in 15 minute time frame could signal for short position first target is 0.69130 and 2nd target would be 0.68950. will update this pair again for u guys.
Short
by mohemati
2
NZDUSDThe New Zealand dollar fell most of last week against the US dollar, but as you can see, we have recovered quite nicely. The question now is whether or not the support will hold. If we were to turn around and break down below the 0.68 level, it is likely that this market will fall apart quite drastically. However, if we end up turning around and breaking above the 0.70 level, that could be a bit of a turnaround. It will be interesting to see how this plays out, because this market is almost like a microcosm of what we see everywhere else: lots of choppy behavior without any real clarity.
by SmoothJB
NZD/USD:DOWNTREND|PRICE ACTION PRICE IS FALLING....Prime Minister Jacinda Ardern and the Director-General of Health Dr Ashley Bloomfield report eight new cases of Covid-19. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
5
NZD/USD:FUNDAMENTAL ANALYSIS+PRICE ACTION+NEXT TARGET ⚡️New Zealand Westpac Consumer Confidence for the third quarter was reported at 102.7. Forex traders can compare this to New Zealand Westpac Consumer Confidence for the second quarter, reported at 107.1. New Zealand Credit Card Spending for August decreased 6.3% annualized. Forex traders can compare this to New Zealand Credit Card Spending for July, which increased 6.9% annualized. US Housing Starts for August are predicted at 1,555K starts, and Building Permits at 1,600K permits. Forex traders can compare this to US Housing Starts for July, reported at 1,534K starts and to Building Permits, reported at 1,630K permits. The US Current Account Balance for the second quarter is predicted at -$191.0B. Forex traders can compare this to the US Current Account Balance for the first quarter, reported at -$195.7B. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
5