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NZD-USD

NZDUSD on an ascending channel 🦐NZDUSD on the 4h chart is trading at the top of a bullish trend inside an ascending channel. The price after the recent impulse got rejected by the daily resistance and is now moving to the lower trendline. I expect the price to reach the confluence zone between the weekly support and the trendline before the end of this week and i will monitor the price action around that level. How can i approach this scenario? If the price will carry on the retracement move I will wait for the break of the confluence zone and after that, i will check for a short opportunity and set a sell order according to the Plancton's strategy rules. ––– 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.
Short
by InkyGrip
2
NZDUSD Strong sell signalThe NZDUSD pair has been trading within a long-term Channel Down since the start of 2021. Our last call on this pair was a buy signal and our 0.7000 target has been hit: The price broke below the Lower Lows trend-line, creating a small divergence and we have to re-adjust our projected Fibs. As you see, every Lower High has been near the 0.786 Fibonacci retracement level, which was also the case for the last Lower High of April 05. The recent Lower Low however broke the -0.236 Fib extension sequence as the price marginally broke below the Channel Down. Regardless of that, the price is still a solid sell signal at the beginning of a new selling sequence. The 1D MA50 (blue trend-line) broke today, giving the final confirmation for a bearish break-out. Our target is the 0.6530 Low. Traders seeking more risk on the long-term may even target the previous -0.236 Fib extension sequence at 0.63670. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
NZDUSD Potential Bullish Bounce |12th April 2022We expect to see a potential for a bullish bounce from our buy entry of 0.68107 in line with the 78.6% fibonacci retracement and 161.8% Fibonacci extension towards our 1st resistance level at 0.69012 in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is supported by the stochastic indicator where price is at support level . 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.
Long
by FXCM
NZDUSD Potential Bullish Bounce |12th April 2022We expect to see a potential for a bullish bounce from our buy entry of 0.68107 in line with the 78.6% fibonacci retracement and 161.8% Fibonacci extension towards our 1st resistance level at 0.69012 in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the stochastic indicator where price is at support level. 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.
Long
by Rockqet
NZDUSD potential for bounce! | 11th April 2022Prices are on bullish momentum and abiding by an ascending trendline support. We see the potential for a bounce from our buy entry which is an area of Fibonacci confluences towards our Take Profit at 0.68645 in line with 23.6% Fibonacci retracement . RSI is at levels where bounces previously occurred. 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.
Long
by FXCM
NZD/USD Outlook (11 April 2022) NZD/USD sold down from the 0.6950 towards 0.6840, as a result of recent FOMC meeting minutes release. On Wenesday 13th April, the RBNZ will be releasing cash rate decision and statement. With market anticipation for a rate hike of 25 basis point. This is likely to spike the NZD/USD up, however, pay attention to the statement, for indication of future rates decision. Prior to the RBNZ rate decision, the US CPI data is to be released on Tuesday 12th April. With Inflation for the US at close to 8%, likely to see a greater CPI data which could lead to further USD strength. Look for short term selling opportunities below 0.6840 towards next support level of 0.6710
Short
by JinDao_Tai
NZDUSD potential for bounce! | 11th April 2022Prices are on bullish momentum and abiding by an ascending trendline support. We see the potential for a bounce from our buy entry which is an area of Fibonacci confluences towards our Take Profit at 0.68645 in line with 23.6% Fibonacci retracement. RSI is at levels where bounces previously occurred. 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.
Long
by Rockqet
NZDUSD Potential Bounce| 6th Apr 2022On the H4, with price expected to bounce off the support of the ichimoku cloud , we have a bias that price will rise to our 1st resistance at 0.6981 in line with the swing high resistance from our pivot of 0.69249 in line with the 100% Fibonacci projection , 38.2% Fibonacci retracement and 78.6% Fibonacci retracement . Alternatively, price may break pivot structure and head for 1st support at 0.69027 in line with the swing low support. 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.
Long
by FXCM
NZDUSD Potential Bounce| 6th Apr 2022 On the H4, with price expected to bounce off the support of the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 0.6981 in line with the swing high resistance from our pivot of 0.69249 in line with the 100% Fibonacci projection, 38.2% Fibonacci retracement and 78.6% Fibonacci retracement. Alternatively, price may break pivot structure and head for 1st support at 0.69027 in line with the swing low support. 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.
Long
by Rockqet
NZD/USD: FUNDAMENTAL INFO + TECHNICAL FORECAST | SHORT 🔔NZD/USD Price Analysis: Crucial resistance of 0.7000, downside looks likely Confluence of psychological resistance of 0.7000 indicates the strength of bears. Kiwi bulls have surrendered their establishment above 61.8% Fibo retracement. The momentum oscillator RSI (14) seems losing its momentum after dropping below 60.00. The NZD/USD pair has displayed multiple failed attempts while practicing an establishment above 0.7000. The pair have witnessed an extreme responsive selling from the market participants on Tuesday, which has dragged the kiwi bulls below 0.6950. In the early Asian session, the asset is performing subdued and is expected to extend losses after slipping below Wednesday’s low at 0.6933. On a daily scale, NZD/USD has formed a ‘Gravestone Doji’ candlestick pattern, which signals a failed attempt by the bulls on driving the asset to fresh highs. The pair has failed to breach its old recurring barricade of 0.7000, which has also been encountered consecutively in the last two weeks. Apart from that, the kiwi bulls have lost their establishment above 61.8% Fibonacci retracement (placed from 21 October 2021 high at 0.7219 to 28 January low at 0.6529) at 0.6956. However, the trendline placed from the 28 January low at 0.6529 will continue to act as major support going forward.
Short
by FOREXN1
2
NZDUSD Potential Bounce| 5th Apr 2022 With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our take profit at 0.70618 in line with the 161.8% Fibonacci extension from our entry of 0.69879 in line with the pullback support. Alternatively, price may break entry structure and head for our stop loss at 0.68930 in line with the 100% Fibonacci projection and pullback support. Do wait for a proper break of the resistance before considering the entry. 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.
Long
by Rockqet
1
NZDUSD Potential Bounce|4th Apr 2022On the H4, with price expected to bounce off the support of the ichimoku cloud , we have a bias that price will rise to our take profit at 0.69880 in line with the swing high resistance from our take profit at 0.68770 in line with the horizontal overlap support, 50% Fibonacci retracement and 100% Fibonacci projection . Alternatively, price may break entry structure and head for our stop loss at 0.68293 in line with the 138.2% Fibonacci extension and 61.8% 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.
Long
by FXCM
NZDUSD Potential Bounce|4th Apr 2022 On the H4, with price expected to bounce off the support of the ichimoku cloud, we have a bias that price will rise to our take profit at 0.69880 in line with the swing high resistance from our take profit at 0.68770 in line with the horizontal overlap support, 50% Fibonacci retracement and 100% Fibonacci projection. Alternatively, price may break entry structure and head for our stop loss at 0.68293 in line with the 138.2% Fibonacci extension and 61.8% 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.
Long
by Rockqet
NZDUSD H4 Potential Bullish Bounce | 1st April 2022We see the potential for a bullish bounce from our buy entry level at 0.69169 in line with 23.6% Fibonacci retracement towards our take profit level at 0.69994 in line with 100% Fibonacci projection. Our bullish bias is supported by price trading above the ichimoku cloud indicator. 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.
Long
by Rockqet
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- From now on, according to the MARKET SENTIMENT, a DEMAND may come to NZD temporarily this week. Also ADP NON FARM EMPLOYMENT CHANGE, FINAL GDP special for USD. Meanwhile, a FOMC MEMBER is scheduled to speak today at the New York SESSION. * This situation should be very peaceful, as well as rising commodity prices VIX DOWN can show an upside bias for the NZDUSD. - NZD FEATURE is currently slightly UP. The main reason for this is that COMMODITIES are becoming UP. The NZD FEATURE stands at 0.6957 LEVEL. DXY is currently DOWN. According to the MARKET SENTIMENT and USD is slightly STRONG. Priced above NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are turning slightly red. VIX is getting a bit DOWN. Also COMMODITIES show a slightly UP SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. - NZDUSD PRICE can return to 0.6923 LEVEL and then REJECT from that LEVEL. NZDUSD SHORT TERM can be further BUY due to COMMODITIES PRICES UP, VOLATILITY DOWN. - NZDUSD PRICE can go to 0.6923 LEVEL before UP. Then it can be UP to 0.7030 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So take the NZDUSD BUY ENTRY until the VOLATILITY RED.
by benny_marshall
NZDUSD Potential Bullish Bounce | 29th March 2022We see the potential for a bullish bounce from our buy entry at 0.68852 which is in line 38.2% Fibonacci retracement towards our Take Profit at 0.69826 in line with 138.2% Fibonacci extension . Our bullish bias is supported by price trading above Ichimoku cloud indicator. 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.
Long
by Rockqet