Levels discussed on Livestream 9th September9th September
DXY: Currently at 101.50, just below bearish trendline. If trendline broken and above 101.60, could trade up to resistance of 102
NZDUSD: Sell 0.6125 SL 20 TP 40
AUDUSD: Sell 0.6650 SL 20 TP 60
GBPUSD: Watch for break of 1.31 and reaction at support level of 1.3045
EURUSD: Sell 1.1035 SL 15 TP 45
USDJPY: Sell 143.30 SL 50 TP 120
USDCHF: Sell 0.8455 SL 30 TP 55
USDCAD: Consolidating, could retest resistance at 1.36, look for downside potential
Gold: Break above 2500 could trade to 2515
NZDUSD
NZD/USD: Bearish Continuation Confirmed After Key USD DataIn line with our previous analysis, NZD/USD triggered our sell limit order last Friday, signaling a potential bearish move after the release of key U.S. economic data. Initially, the U.S. dollar weakened following the ADP Non-Farm Employment Change and Unemployment Claims reports, which delivered softer-than-expected results, raising concerns about the strength of the U.S. labor market. However, the dollar quickly regained its footing due to positive outcomes from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which reinforced confidence in the U.S. economy.
As a result, the New Zealand dollar, like other major currencies, began a reversal, continuing its bearish trend against the strengthening USD. The recovery in the U.S. dollar has put downward pressure on NZD, confirming our expectations of a bearish continuation for the pair.
The Commitment of Traders (COT) report remains consistent with our earlier forecasts. Institutional players are still favoring a bearish outlook on the NZD, while retail traders are likely still holding onto bullish positions, creating a divergence that suggests more downside potential for NZD/USD. With these factors in mind, we are confident in our bearish stance and expect the pair to reach our take profit target in the coming days.
Technically, the price action supports our forecast, with the NZD/USD pair failing to break key resistance levels and continuing to trade within a bearish channel. The reversal we anticipated has materialized, and the pair appears poised to continue its downward movement as the U.S. dollar remains strong in the wake of positive economic data.
In conclusion, our analysis points to further downside for NZD/USD this week, and we remain focused on reaching our take profit target. With both fundamental and technical factors aligned, the outlook for the pair remains bearish, and traders should be prepared for continued weakness in the New Zealand dollar as the U.S. dollar continues to recover.
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NZDUSD - DAILY SHORT- Strong rally to top of the range for several weeks, break out of the range above the recent strong resistance level at 0.62 but lost momentum and dips back below the 0.62.
- Wednesday and thursday looked like the buyers got back in control but failed to break above and made a huge engulfing fakey, ending trading back below the 0.62.
- Bias has now turned to strong sell. Lower prices expected, best case scenario all the way down to 0.587 (range bottom)
NZD/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.619 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/USD: Traders Eye Short Setup After Key ReboundThe NZD/USD pair saw a strong recovery from its intraday low of 0.6170 during Wednesday’s New York session. The New Zealand Dollar (NZD) regained some ground as the US Dollar (USD) struggled to maintain its upward momentum, having recently corrected from a fresh two-week high. Investors are now eagerly awaiting the release of the US Nonfarm Payrolls (NFP) report, the highlight of a data-heavy week for the US economy.
From a technical standpoint, the price had already rebounded from a key Supply area, and after today's short recovery, traders may find an opportunity for a potential short setup. This pullback could be seen as a chance to enter the market by setting a Sell Limit order or entering directly to take advantage of the correction. The Commitment of Traders (COT) report reveals that retail traders are increasingly aggressive on the long side, while Smart Money appears to be reducing its positions, signaling a possible bearish trend.
Additionally, seasonality data further hints at the potential for a bearish move in the near future. With several factors aligning, traders may be preparing for a potential downside in the NZD/USD pair, making this pullback an attractive opportunity for short positions.
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NZDUSDNZDUSD is in correction range at 0.61989 level. If price fails to break through, price will rebound to test resistance at 0.62553-0.62836. If price fails to break through 0.62836 level, it is expected that price will go down. Consider selling red zone.
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WEEKLY FOREX FORECAST SEPT 2-6 : USD EUR GBP AUD NZD CAD CHF JPYThis is Part 1 of the Weekly Forex Forecast for SEPT 2-6th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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NZD/USD sets stage for next up moveThe US dollar continues to fall across the board, especially against haven currencies like the Japanese yen. But it is also weaker against the more high beta currencies too, despite the ongoing struggles in the stock markets. The NZD/USD stands ready to benefit from the weakening US dollar, especially in the event we see calm return to stocks.
The NZD/USD has been in consolidation mode for the past few days, declining inside what looks like a falling wedge continuation pattern.
The kiwi surged last month after a false break reversal pattern was formed around the 0.5860 level (see chart).
After hitting a high of just under 0.6300, it has dropped a bit to test - and so far hold - prior resistance at 0.6170 (see red arrows on the chart). This level has now turned into support. If we can now take out the pivotal 0.6218/20 level, then more gains could be on the way, initially targeting the liquidity now resting above the most recent high at 0.6300 area.
So far this week, we have had two disappointing employment indicators from the US, namely JOLTS job openings and now ADP private sector payrolls (rising by just 99K instead of 144K expected and prior number was revised lower too). From here, a substantial further decline in the US dollar would require further bearish US economic data this week. Friday's payrolls report is key in this regard. But any data-driven upside should be limited given the Fed’s clear signal that it will cut rates.
Put simply, weakness in US data is needed to keep the pressure on the US dollar, while the upside for the greenback should be limited on any data surprises because of the Fed’s strong indications that rate cuts are starting this month. This makes me bearish on the dollar and therefore bullish on major currency pairs like the NZD/USD.
By Fawad Razaqzada, market analyst at FOREX.com
NZDUSD Strong sell opportunity.The NZDUSD pair gave us last time (June 26, see chart below) a solid sell signal, even though the Target just fell short of being hit:
The price is giving yet again a sell signal as not only it fulfilled the 0.786 Fibonacci retracement level and got rejected but also the 1D RSI hit and got rejected exactly on the 70.00 overbought barrier, which is where all tops since late 2022 have been priced.
As a result, we expect the pair to initially hit at least 0.6000 towards the end of this month.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62400 support and resistance area.
Trade safe, Joe.
NZD/USD "KIWI" Bank Money Heist Plan on Bearish SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist NZD/USD "KIWI" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss : Recent Swing High using 1H timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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NZDUSD Will Explode! BUY!
My dear friends,
NZDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6188 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6238
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
NZD/USD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
NZD/USD is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 0.627.
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nzdusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Levels discussed on Livestream 3rd September3rd September
DXY: Still in consolidation. Watch the resistance at 102 round number. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15
NZDUSD: Sell 0.6205 SL 20 TP 60
AUDUSD: Retracing, could retest 0.68 resistance level
GBPUSD: Buy 1.3170 SL 40 TP 90
EURUSD: Look for reaction at 1.10 round number support level
USDJPY: Sell 145.70 SL 250 TP 80
USDCHF: Could trade higher, look for reaction at resistance level
USDCAD: Could trade lower, look for reaction at support 1.3440
Gold: Choppy price action, until 2508, beyond that, could trade up to 2520
Happy Labour Day!2nd September
DXY: Within the bullish channel, (upside) could trade up to 102 resistance, needs to break 101.80. Downside only if price breaks below 101.50 (23.6%)
NZDUSD: look for reaction at 0.6220, Sell 0.62 SL 25 TP 60
AUDUSD: Buy 0.6810 SL 20 TP 40
GBPUSD: Sell 1.31 SL 40 TP 65
EURUSD: Look for reaction at 1.10 round number support level
USDJPY: Look for reaction at 147 resistance level
USDCHF: Sell 0.8460 SL 20 TP 55
USDCAD: Buy 1.3525 SL 20 TP 70
Gold: Break above 2500 to trade up to 2515 and 2530, needs to stay above 2480
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
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NZD-USD Bullish Bias! Buy!
Hello,Traders!
NZD-USD is trading in an
Uptrend and the pair is making
A bearish correction but will soon
Retest a horizontal support
Of 0.6203 from where
We will be expecting a
Further move up
Buy!
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Check out other forecasts below too!
NZD Approaches Key Supply Zone: A Potential Short OpportunityThe New Zealand dollar is approaching a critical supply area that has captured our attention, signaling a potential opportunity to set up a short position. This zone is key, and we are closely monitoring for a possible test of this area to confirm our bearish setup. However, it's important to note that the price may reverse before reaching this point of interest, as other correlated currencies against the U.S. Dollar (DXY) have already begun to show signs of reversal.
This correlation between the New Zealand dollar and other currencies in relation to the U.S. Dollar strengthens the likelihood of a potential downturn before our targeted area is tested. As the DXY starts to gain momentum, the pressure on the New Zealand dollar could increase, leading to an earlier-than-expected reversal.
Given these market dynamics, we are prepared to act quickly should the price show signs of turning before reaching our anticipated level. This situation highlights the importance of flexibility and vigilance in our trading strategy, as the interplay between correlated currencies can often signal shifts in market direction.
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