NZD-USD
NZDUSD facing bearish pressure | 30th July 2021NZDUSD reversing from sell entry, in line with 100% Fibonacci resistance, and is likely to fall to take profit, in line with 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement . Stochastic approaching hidden resistance.
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NZDUSD facing bearish pressure! | 30th July 2021NZDUSD has reversed from 1st resistance of 0.70193, in line with 100% Fibonacci extension. Prices are expected to fall to 1st support of 0.68809, in line with 127,2% Fibonacci retracement and 127.2% Fibonacci extension. Prices may rally towards 2nd resistance of 0.70940, in line with 161.8% Fibonacci retracement. Indicator supports a bearish view.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDUSD looking up 🦐NZDUSD after the test of the weekly support started a move to the upside.
The market has now reached the upper trendline of the minor descending channel around a daily support.
According to Plancton's strategy if the market will provide an inversion and the rules will be satisfied we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDUSD approaching bearish reversal | 29th July 2021NZDUSD is approaching sell entry, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices are likely to reverse and fall to take profit, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Alternatively, prices may rally to stop loss, in line with 127.2% Fibonacci retracement and 100% Fibonacci extension . Indicator supporting bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZD USD long 29 -July - 2021
NZD/ USD
Long oportunity for today
If you take a look at Weekly time frame, you will se that this pair hit a stong support level.
On the same time frame we will observe that 100 MA is under candlesticks and that is indicate an uptrend, bullish trend.
I will be a buyer if the next 15 Mins candle will close over highlighted support zone.
I will use following entry point and TP; SL
Entry @ 0.69879
SL @ 0.69654, around 200 pips.
TP @ 0.70717 @ around 800 pips.
Please be free to use personal money management.
For any details or questions, please DM !
NZD/USD:UPDATE DOWNTREND|PRICE ACTION|FIBO ANALISYS|SHORT 🔔Update previous Idea in NZD/USD...close to take profits....
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NZDUSD facing bearish pressure | 28th July 2021NZDUSD is approaching from sell entry, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 78.6% Fibonacci retracement. Indicators are showing bearish pressure.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD | SHORTING THIS TRADE MAKES SENSE Hey Traders,
So this trade looks like a good selling opportunity, especially if it closes as a bearish engulfing for confirmation towards the downside.
Monthly, weekly and daily moving averages well above the candlesticks showing further bearish pressure.
It recently had a pullback from the daily moving average or 4h 200 so it seems to have had a push exhaustion push scenario going back down.
It also broke out our recent up-trend
NZDUSD facing bearish pressure | 27th July 2021NZDUSD holding below descending trendline resistance. With stochastic approaching hidden resistance at 92.95 , a short term reversal from our 1st resistance of 0.70066 towards graphical swing low and 1st support at 0.68809 could be possible.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZD/USD:DOWNTREND|PRICE ACTION+FIBO ANALISYS|SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
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NZDUSD Pattern completionNZDUSD showing some textbook price action providing us with a potential opportunity to go short. A double top M pattern completing the retest of the neckline, lining up with key fib levels. We can now see momentum starting to shift with the current formation of candlesticks (shorter bodies + longer wicks). If we are to see this area hold as resistance and break below, on a retest we will be looking to enter short and for price to continue the downside move. Note that we will only be entering on retests as it will provide us with the confirmations we need and superior R/R. Targets set at 1.272 extension of the previous swing. A break above our key area will invalidate this set up.
If you have any questions please comment. - Nick