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Nzdusdtrade

NZDUSD | SWING - 31. AUGU. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** After he broke the descending channel and ascended, he needs to descend in order to test the break, and then rise again. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Short
by Saeed966
NZDUSD Institutional BuyLast time price has been in a bearish channel but now I think the market is done correcting itself. Price has just touched my buy limit, I'm predicting a new high to be made. The London session has grabbed the equity from yesterday's sellers making a new high. Since price touched my institutional line supported by the weekly chart I'm now expecting the price to be touching the weekly resistance. This small trade should retest again the demand zone and touch the new high else just hit the new high.
Long
by CertifiedJimenez
1
NZD/USD - continued bearish momentum after peak above 0.6600During our last post on NZD/USD we were looking at price action on the weekly time frame and had estimated a continued bearish movement as price rejected from the upper boundary of the descending weekly trend channel. Price is currently posting another bearish candle on the weekly time frame if bearish momentum continues into Friday. This may change after the last candle of the week. A weakening dollar did push price back up above 0.6600, but the level was strongly rejected with price falling quickly back to the support at 0.6572. Price has now broken through this level of strong support, with price currently hovering around 0.6500. We are expecting a push back up to 0.6572 to retest the level, before price then continues further down. We will be looking at the level of 0.6572 to enter a short position with a take profit target of 0.6500 and a second take profit target at the support of 0.6385. If price breaks and holds above 0.6572 on the daily, we will rethink our analysis.
Short
by TheForexFellows