Overlap resistance ahead, could it reverse?NZD/USD is rising towards a resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6169
Why we like it:
There is an overlap resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.6215
Why we like it:
There is a pullback resistance level.
Take profit: 0.6091
Why we like it:
There is a pullback support level.
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
NZD/USD: Key Levels and Upcoming EventsHello Traders,
In today's session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61000 zone. Currently, NZD/USD is in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 0.61000.
Please be aware that tomorrow's trading will be influenced by significant events: the release of the CPI data and the FOMC meeting a few hours later. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially weakening the dollar.
Trade safely,
Joe
Levels discussed during livestream 11th June11th June
DXY: retraced and consolidating, looking to trade higher towards 105.60 resistance.
NZDUSD: Sell 0.6115 SL 25 TP 35
AUDUSD: Looking for a reaction at 0.6570
USDJPY: Consolidating, Buy 157.50 SL 20 TP 45 (quick trade)
GBPUSD: Sell 1.2680 SL 20 TP 35
EURUSD: Sell 1.0720 SL 20 TP 45
USDCHF: Look for reaction at 0.9012 resistance
USDCAD: Buy 1.3790 SL 20 TP 50
Gold: Needs to stay below 2315 for bearish downside continuation, strong support at 2280, looking for a bounce
Kiwi H4 | Potential bullish bounceThe Kiwi (NZD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 0.6101 which is a pullback support.
Stop loss is at 0.6072 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.6167 which is an overlap resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
Previous week’s red candle means that for us the NZD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.616.
✅LIKE AND COMMENT MY IDEAS✅
Bullish rise?NZD/USD is falling towards a support level which is a pullback support and could potentially rise to our take profit.
Entry: 0.61017
Why we like it:
There is a pullback support level.
Stop loss: 0.60474
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 0.61675
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
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 Will Move Higher! Buy!
Take a look at our analysis for NZDUSD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.610.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.612 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Levels discussed on Livestream 10th June10th June
DXY: Consolidating at 105.30, could retrace slightly, looking for a continuation higher to 105.60 resistance
NZDUSD: Test and reject 0.6140, Sell 0.6130 SL 20 TP 50
AUDUSD: Sell 0.6585 SL 20 TP 65
USDJPY: Complete retrace, Buy 156.75 SL 30 TP 65
GBPUSD: Sell 1.2745 SL 20 TP 60
EURUSD: Look for reaction at 1.0720
USDCHF: Buy 0.9030 SL 30 TP 70
USDCAD: Buy 1.3790 SL 20 TP 50
Gold: Needs to stay below 2315 for bearish downside continuation, strong support at 2280
Bullish bounce off 38.2% Fibonacci support?The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 0.6086
1st Support: 0.6037
1st Resistance: 0.6167
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
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 :-)
NU Trading Plan - 9/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect NU to react from the highlighted zones.
Currently NU is in bigger correction & I am still seeing the potential bigger move towards upside.
Plan to Trade:
If market starts to correct from current levels upside and hit the highlighted zone, then short term sells are possible.
0.605 will be the area where I will start to look for my BUYs.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NZDUSD Trading Opportunity! SELL!
My dear subscribers,
NZDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6186 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6151
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NZD_USD BULLISH BIAS|LONG|
✅NZD_USD is approaching a demand level of 0.6080
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
✅Like and subscribe to never miss a new idea!✅
——————————————————————————
NZDUSD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
NZDUSD:Bullish stocks and potential upsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area.
Trade safe, Joe.
Bullish bounce off pullback support?NZD/USD is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci projection and could potentially bounce from this level to our take profit.
Entry: 0.6178
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci projection.
Stop loss: 0.6158
Why we like it:
There is an overlap support level which is slightly below the 100% Fibonacci projection.
Take profit: 0.6209
Why w like it:
There is a pullback resistance level.
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.
Bullish bounce off pullback support?The Kiwi (NZD/USD) is falling towards a support level which has been identified as a pullback support and could potentially bounce to the 1st resistance.
Pivot: 0.6174
1st Support: 0.6156
1st Resistance: 0.6209
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Pre NFP Analysis7th June
DXY: Could break support at 104.00 (weak NFP data) but if it stays above 103.40 could rebound back up
NZDUSD: Sell 0.6205 SL 20 TP 65 (DXY strength)
AUDUSD: Sell 0.6705 SL 25 TP 70 (DXY strength)
USDJPY: Sell 154.50 SL 25 TP 70
GBPUSD: Buy 1.2830 SL 20 TP 55 (DXY weakness)
EURUSD: Sell 1.0880 SL 20 TP 70 (Hesitation at 1.0835)
USDCHF: Sell 0.88808 SL 30 TP 70 (DXY weakness)
USDCAD: Buy 1.3620 SL 20 TP 90 (CAD weakness DXY strength)
Gold: Needs to stay below 2385, could trade down from 2370 to 2350
NZDUSD 1H Short Trade - 1:6 RRRPair: NZDUSD
Action: Sell
RRR: 1:6
SL: 0.62053
TP: 0.60339
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Kiwi H4 | Falling to overlap supportThe Kiwi (NZD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6167 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6141 which is a level that lies underneath an ascending trendline and the 50.0% Fibonacci retracement level.
Take profit is at 0.6221 which is a level that aligns with the 161.8% Fibonacci extension level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NZDUSD Bullish setups**Monthly Chart**
NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at).
**Weekly Chart**
Last week candle closed bullish as a continued move from the previous week. There were good buying opportunities on smaller time frames in the previous weeks. This week we will be looking for any trading opportunities on the retracements for good swing trades towards the next target.
**Daily Chart**
For the next two weeks, I will be looking for the price to retrace lower and provide buying opportunities. For selling opportunities, it will be short-term near the 0.6250 level if the price is unable to break the high. We might see a strength of the USD index for a short-term swing to the downside. But the main opportunity is for long setups as of now.
On 22nd May, there will be Red Folder news on NZD which might push the price of NZD pairs lower, then we will see how the market reacts to the news. Either way, it will provide a good trade setup for our next move.