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20 Reason For sell NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart 2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways 3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks 😇 7-Dimension Analysis 🟢 Analysis Time Frame: Daily 1 Price Structure: The price structure is showing a change in character and starting a new impulsive move. 2 Pattern Candle Chart: A bearish momentum candle known as the Boji classic pattern has appeared. 3 Volume: There is not much support from the volume. 4 Momentum (Unconventional RSI): The RSI has encountered resistance at the 60 level. 5 Volatility Measure (Bollinger Bands): The Bollinger Bands have shown a head fake with a bearish momentum candle. 6 Strength (ADX): The bearish DMi has gained strength. 7 Sentiment (ROC): There has been a sharp change in the sentiment over the last week. ✔️ Entry Time Frame: H4 Entry Time Frame Structure: Bearish. Entry Move: Impulsive. Support/Resistance Base: Waiting for H4 trend line. FIB: Trigger trend line has also been breached. ☑️ Final Comments: Sell at the breakout. 💡 Decision: Sell. 🚀 Entry: 0.6223. ✋ Stop Loss: 0.6277. 🎯 Take Profit: 0.6102. 😊 Risk to Reward Ratio: 1:3. 🕛 Expected Duration: 3 day
Short
by Optimum369
NZDUSD Buy NZDUSD advanced to a seven-week high of 0.6378 in the wake of a bolder-than-expected 50bps rate hike by the Reserve Bank of New Zealand early on Wednesday. The pair has been developing northwards within a bullish channel since the drop to 0.6083 on March 10th, having already climbed above its simple moving averages (SMAs). Encouragingly, the RSI and the MACD are sending clear positive signals at the moment, with the former trending up confidently above its 50 neutral mark and the latter gaining ground within the positive region. The next hassle could be the channel’s upper boundary, which overlaps with the 61.8% Fibonacci retracement of the latest downleg at 0.6392. A successful move higher could retest the 0.6465 constraining zone ahead of the 2023 top of 0.6536. Should the bulls push for new highs, the door would open for the long-term resistance trendline drawn from the 2021 high of 0.7463. NZDUSD h1 price is in an uptrend. Today it is possible that the pair will move up to the 0.6370 resistance area once again. Recommended buy to current price 0.6320, SL: 0.6280, TP: 0.6370
Long
by VTmarkets
NZDUSD - Sell idea for 10:1 RRRHello everyone! Hope you all had a great weekend and Ramadan Kareem all. FX:NZDUSD been moving quite nicely within this structure. Seeing also a great opportunity for sell from this area to follow its structure. Have two different TP set on the chart since some have asked for this. Risking 1% for 10%, I always take amount invested as partial and let rest run. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win! Regards, Enzo
Short
by IamEnzo
20 Reasons For Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart 2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways 3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks 4:🕛Daily: Invert head & shoulder taking support at weekly 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: Inverse Head & Shoulder 7: 3 Volume: Massive Volumes on Buy Candles good for bulls 8: 4 Momentum UNCONVENTIONAL Rsi: sideways to bullish zone 9: 5 Volatility measure Bollinger bands: It starts squeezing. Now let's see Which side breakdown occurs, but then a high chance it can be the bull side 10: 6 Strength ADX: bullish DMI in strengths kiss and cross but overall sideways 11: 7 Sentiment ROC: this week, NZD is most vigorous in the central basket, and USD is the weakest ✔️ Entry Time Frame: H4 12: Entry TF Structure: bullish 13: entry move: wait for fill the Recent FVG overall market is in a proper uptrend in h4 tf 14: Support resistance base: protected lows back to back 15: FIB: waiting ☑️ final comments: wait until the price touches the recent support area when reached here; you need to wait for a trendline breakout and buy 16: 💡decision: Buy 17: 🚀Entry: 0.6234 estimated 18: ✋Stop losel: 0.6199 19: 🎯Take profit: 0.6363 20: 😊Risk to reward Ratio: 1:3.5 🕛 Excepted Duration: 3 days
Long
by Optimum369
NZDUSD - Bearish price action here ✅Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: As we can see price took buy stop liquidity and rejected from bearish order block + institutional big figure 0.63000 and sterted bearish price action which means I will look for shorts. I expect price could make a retracement to fill the imbalance higher and if price rejects from there I will open a short position. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDUSD | UPSIDE LOOKS PROMISINGNZDUSD is currently standing on horizontal resistance zone of 0.62750 where bulls are trying 4th attempt to breakout from the start of March. The all previous attempt in March were made when EMA200 was above the price hence bulls were never strong. This time EMA is acting as support in favour of bulls to surpass this resistance. We can witness upside in Kiwidollar to 63800 level. More than 100 pips from current level. Any dip as long as it is above the EMA is buying opportunity. Let us know what do you think of the idea.
Long
by TradeTrio