This is some recent price action on GBPNZD. I show my analysis and give some tips on what I am looking at in terms of ICT's Concepts. Overall, the bias for higher prices looks very strong. - R2F
NU is struggling between support zones to get great potential to drive to resistance again, this may take a few hours or maybe one day to get this point
After the push down the trend lines, the price doesn't have much power to go up and we see that our resistance area has pushed the price down many times and this time it's time to see the New Zealand fall.
The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, sending the New Zealand dollar plunging by 1% against the U.S. dollar. The move caught markets off guard, as most analysts had anticipated the central bank would hold rates steady until at least its next meeting. Today wasn’t supposed to be the day, but these are the moments...
Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower....
NZD Outlook: ANZ’s Forecast for Next Week ANZ anticipates that the Reserve Bank of New Zealand (RBNZ) will maintain its current interest rates at the August 14 meeting but may signal potential rate cuts before the year ends. Although ANZ estimates a small 10-15% chance that the RBNZ might shift to an easing bias during this coming meeting. Markets are...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
New Zealand Dollar Finds Support Amidst Economic Headwinds The New Zealand Dollar (NZD) has recently discovered support at 0.6090, a critical area marked by previous support levels. This zone features two major supports, the 200-day moving average, and a dynamic trendline, potentially acting as obstacles to further declines. The presence of the 50% Fibonacci...
NZDUSD sell Structure on H1 / H4 I entry at the moment. TP is on chart and SL too. This is my view just my view. Remember about risk no more than 1-2%
Seeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline. I'm expecting NZD weakness in the coming week so monitoring LTF's carefully. I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.
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NZDCAD is testing an important confluence zone: I spotted a perfect match between a horizontal key level and a falling trend line. For a confirmation, watch a double top pattern on 1H time frame. We need a breakout of its neckline as a trigger. Hourly candle close below 0.8356 will confirm a violation. A bearish continuation will be expected to 0.83 level...
TIMELINE 00:00 Intro 00:52 DCA Entries, TPs, SLs 03:48 Technical Analysis for Novices 08:20 Technical Analysis for the Pros 10:55 BIG PICTURE (21D) 12:27 Boost, Follow, Comment, Join -SL @ 90.00 🚫 SLO2 @ 89.33 ⏳(21D) SLO1 @ 89.00 ⏳ (2D) SSO @ 88.33 ⏳ (2D) TP1 @ 87.80 (shaving 25%) TP2 @ 86.80 (shaving 25%) TP3 @ 86.15 (shaving 25%) TP4 @ 84.90 (shaving...
Short term potential swing trade. Targetting 1:1.5 RR. Numerics trading plan and system confirmation forward testing. NZDJPY +7 points -72.80%
SHOUT TO @Casey_Louis SUGGESTING THIS TRADE SLO @ 1.8045 ⏳ SSO @ 1.7925 ⏳ TP1 @ 1.7600 (shaving 25%) TP2 @ 1.7333 (shaving 25%) TP3 @ 1.7100 (shaving 25%) TP4 @ 1.6600 (shaving 25%) TP5 @ 1.6125 (close ALL Sell Orders) BLO @ 1.6010 ⏳
NZDCAD trend is bearish. But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as a resistance and pullback to this level can be prepared to a buy opportunity. But...
FX:NZDUSD here is my honest idea for nzdusd please friends kindly correct me if I'm wrong.