NZDUSD H2 #OutLook 21 to 25 September #OutLook 21 to 25 September
Dear Traders Today We Have an Analysis Of NZDUSD H2. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See After the Bullish Move Market Give the correction with the help of trendline As well As Market Already Improved Previous Support Level So We expect Market Will Reach Next ➡️ Target(support) @ 0.67173 & @0.66867
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
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Regard
Enclavefx technical group
Nzdusdbreakout
NZD/USD Technical Analysis
As suggested earlier, the counter found support at the supportive trendline and bounced off.
Now, it has broken the resistive trendline as well and consolidating just above it.
We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
The support zone marked in the chart can cap any declines.
NZDUSD | MY PERSPECTIVE FOR THE NEW WEEKThe price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s).
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand
Observation: i. Breakdown and retest of Key zone nudges price for a further decline.
Trading plan: SELL confirmation with a minimum potential profit of 120 pips.
Risk/Reward: 1:4
Potential Duration: 2 to 6 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD*ENG*
- Price hitting our supportive zone, we are expecting a reversal from this area.
- If price breaks, look for the retest in order to enter short.
*PT*
- Preço a atingir a nossa zona de suporte, estamos a aguardar uma possível reversão neste nível.
- Se o preço quebrar, aguardar pelo retest em ordem a entrar short.
NZD/USD pair is trading above the strong support level of 0.6520The pair is buying and selling above the robust assist stage of 0.6520. The pair is negatively affected by the US-China stress, in addition to the expectation of the publication of the minutes of the final assembly of the Reserve Financial institution of New Zealand on Tuesday.
Technical aspect:
The value is beneath the center Bollinger band, beneath SMA 5 and SMA 14. RSI is above the oversold zone and strikes horizontally. Stoch are declining.
Buying and selling suggestions:
If the pair falls beneath the 0.6520, it could go additional all the way down to 0.6450.
NZD/USD Technical Analysis
The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD.
It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels.
So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support.
NZD/USD expect going to uptrendNZD/USD foreign money pair closed the buying and selling week close to 0.6600. The pair is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development for NZD/USD. This buying and selling week, the pair is predicted to develop and take a look at the higher sure of Ichimoku Kinko Hyo close to the extent of 0.6730. Merchants ought to count on the pair's try and rebound and additional development with a goal close to 0.6815.
NZDUSD | WEEKLY FORECASTWith over 120pips in our direction since my last publication (see link below for reference purpose); Despite facing the action of Bearish pressure mid-week, it appears price is actually going through correction of Breakout (Impulse Leg AB) to continue the rally to complete a Harmonic move in the coming week(s).
Tendency: Uptrend ( Bullish )
Structure: Harmonic (AB = CD)
Observation: i. Breakout of my Key Level @ 0.66000 supports my Bullish bias as I anticipate a AB = CD Harmonic pattern in the nearest future.
ii. ABCD pattern expectations:
a. Impulse A-to-B expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move.
Trading plan: BUY confirmation with a minimum potential profit of 110 pips.
Risk/Reward: 1:2.5
Potential Duration: 2 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZD/USD WEEKLY FORECASTHello Traders, 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