NZD/USD Next MoveTechnical Analysis Chart Update
NZD / USD ( New Zealand Dollar / U.S Dollar )
Time Frame - H1
FALLING WEDGE Pattern in Short Time Frame #STF and Rejection from the Lower Trend Line #LTL
Strong #SUPPORT Level
It is also Following #ELLIOT_WAVES in Short time Frame and it has completed the Impulsive waves will follow the Corrective Waves now
Strong Buying #Divergence in #RSI
DOUBLE BOTTOM Pattern in Long Time Frame #LTF
NZD-USD
NZDUSD M30: Bearish outlook seen, further downside below 0.6188On the M30 time frame prices are approaching resistance at 0.61880 where we could see a reversal below this level. The 0.6188 resistance zone lines up with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the next support target at 0.6100.
NZD/USD Outlook (30 August 2022) The upside of the NZDUSD halted at the price level of 0.6220, resisted by the downward trendline and the significant move lower driven by hawkish comments from the Federal Reserve.
The NZDUSD found the 0.61 support level before retracing higher towards the 0.6160 price level. Look for the price to reject the resistance level and the diagonal trend line to signal further downside. However, the NZDUSD could have limited downside potential with 0.6060 a key support level, last tested in 2020.
The NZDUSD moves in a similar fashion to the AUDUSD.
💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6185).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.6250
TP2= @ 0.6280
TP3= @ 0.6315
TP4= @ 0.6364
TP5= @ 0.6382
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6185).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.6250
TP2= @ 0.6280
TP3= @ 0.6315
TP4= @ 0.6364
TP5= @ 0.6382
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDUSD Potential for Bearish MomentumOn the H4, with price moving within the descending trendline and below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 0.62056, where the overlap support and 61.8% fibonacci retracement are to the take profit at 0.61488, where the swing low and 78.6% fibonacci retracement are. Alternatively, price could rise to stop loss at 0.62487, which is in line with the previous swing high.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD Potential Bearish ContinuationOn the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 0.62124 where the pullback overlap resistance is to the take profit at 0.60606 where the swing low support and 161.8% fibonacci extension are. Alternatively, price could break entry structure and rise to stop loss at 0.63142 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD Potential for bearish drop | 25th August 2022On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from sell entry at 0.62122 where the pullback overlap resistance is to the take profit at 0.60612 where the swing low support and 161.8% fibonacci extension are. Alternatively, price could break entry structure and rise to stop loss at 0.63160 where the overlap resistance, 50% fibonacci retracement and 61.8% fibonacci projection are.
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.
Selling rallies on NZDUSDNZDUSD - Intraday - We look to Sell at 0.6250 (stop at 0.6300)
Previous support located at 0.6200. Previous resistance located at 0.6250. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6250, resulting in improved risk/reward. A move through 0.6200 will confirm the bearish momentum.
Our profit targets will be 0.6150 and 0.6125
Resistance: 0.6250 / 0.6300 / 0.6325
Support: 0.6200 / 0.6150 / 0.6125
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
NZDUSD Potential for Bearish ContinuationOn the H4, with the price moving within the descending trendline, below ichimoku cloud and MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 0.61885, which is in line with the pervious swing low to the take profit at 0.60996, which is in line with the swing low. Alternatively, the price may rise to the stop loss at 0.62312, where the 23.6% fibonacci retracement is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD H4, BREAK CRITICAL POINT 0.6212 To 0.6191 & 0.6184NZDUSD Break critical level at 0.6212 and Fibo 61.8% at 0.6216.
Break Below 0.6212 then Open The Way To 0.6191 & 0.6184.
Break Below 0.6184, then Open The Way To 0.6147.
Strong Support At 0.6060. If Break, Bearish Continue.
But Hold Above 0.6212, Open The Way To Rebound To 0.6264.
Resistance At 0.6312 & 0.6371.
Strong Resistance At 0.6468, If Break, Bullish Continue.
NZDUSD Potential for Bearish Drop| 19th August 2022On the H4, with the price moving within the descending channel, below ichimoku cloud and MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 0.62151, which is in line with the 61.8% fibonacci retracement and pervious swing lows to the take profit at 0.61411, which is in line with the swing low and 78.6% fibonacci retracement. Alternatively, the price may rise to the stop loss at 0.62778, where the 23.6% fibonacci retracement is.
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 selloff is showing no sign of endingNZDUSD - Intraday - We look to Sell at 0.6325 (stop at 0.6375)
Previous support located at 0.6250. Previous resistance located at 0.6300. There is no indication that the selloff is coming to an end. Risk/Reward would be poor to call a sell from current levels. A move through 0.6250 will confirm the bearish momentum.
Our profit targets will be 0.6225 and 0.6200
Resistance: 0.6300 / 0.6325 / 0.6350
Support: 0.6250 / 0.6225 / 0.6200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
NZDUSD Potential for Bullish Rise| 17th August 2022On the H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.63757, which is in line with the 38.2% fibonacci retracement to the take profit at 0.64379, which is in line with the 78.6% fibonacci retracement. Alternatively, the price may drop to the stop loss at 0.63175, where the 38.2% fibonacci retracement and pullback support is.
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 Potential for Bearish Drop| 16th August 2022On the H4, with the MACD histograms are under zero and DIF crossing below the signal line, we have a bearish bias that the price may drop from the sell entry at 0.63444, which is in line with the 78.6% fibonacci retracement and pullback support to the take profit at 0.62696, which is in line with the 50% fibonacci retracement. Alternatively, the price may rise to the stop loss at 0.64657, which is in line with the swing high and 78.6% fibonacci retracement.
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.