NZDUSD A Fall Expected! SELL!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.5888 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5850
Recommended Stop Loss - 0.5909
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
NZDUSD
NZDUSD Potential Up correction from crossing of supportsNZDUSD recently showed a false breakout below its previous support and has reached a demand zone on the daily timeframe, suggesting a potential pullback. On the 4H chart, bullish divergence at the support level supports the likelihood of a retracement. The price may move higher to retest the resistance zone around 0.5880, which has been tested multiple times. This setup indicates a potential for a short-term recovery
NZD/USD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on NZD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.579.
✅LIKE AND COMMENT MY IDEAS✅
Potential bullish bounce for the Kiwi?The price is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.5862
1st Support: 0.5816
1st Resistance: 0.5937
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 Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, NZUDSD is trading in a downtrend and currently is in a correction phae in which it is approaching the trend at 0.59600 support and resistance area.
Trade safe, Joe.
NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP )🟢 Pair Name :NZD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
🟢 Key Technical / Direction ( Long )
———————————
Bullish Reversal
0.58900 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Major Choch zone
- Quarter low
Bearish Reversal
0.60500 Area
Reasons
- Major Turn level
- Visible range Hvn
- Trend Contnuation
- Fibo Golden / Choch
- P / Quarter low Break
NZDUSD: Bears Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDUSD pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
TradeCityPro | NZDUSD : Will the Range Break Soon?👋 Welcome to TradeCityPro!
In this analysis, I will review the NZDUSD forex pair for you. The analysis is conducted on the daily timeframe.
📦 This pair has been ranging within a box between 0.57987 and 0.63543 for nearly two years. As a result, indicators like moving averages are not used in this analysis, as they do not provide reliable data in a ranging market.
🔽 Currently, the price has reached the bottom of the box, and there is a possibility of breaking it to the downside. If the 0.57987 support is broken and the price stabilizes below this level, bearish momentum will enter the market, increasing the likelihood of the price reaching the next support at 0.5541.
📈 However, if the price manages to climb above the 0.58942 level and forms a new high and low above this area, the bearish scenario will be temporarily invalidated, and the price will likely move towards testing the 0.60619 and 0.61962 resistances and even the top of the box.
✨ On the other hand, the RSI is near the 30 level. If it enters the oversold zone, the likelihood of breaking the 0.57987 support increases. Conversely, if the RSI reaches the 50 level or higher, bullish momentum will enter the market.
🔑 In case of a trend reversal and a breakout above the top of the box, the next resistance will be at 0.65069.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
New Zealand dollar eyes RBNZ rate announcementThe New Zealand dollar is in positive territory on Tuesday, after a four-day losing streak. In the European session, NZD/USD is trading at 0.5850, up 0.09% on the day. Earlier, the New Zealand dollar fell as low as 0.5797, its lowest level since Nov. 1.
The Reserve Bank of New Zealand makes its rate announcement on Wednesday and the markets have priced in a jumbo rate cut of a 50 basis point for a second straight meeting. This would bring the cash rate to 4.25%, its lowest level since November 2022.
The RBNZ has done a good job of lowering inflation, which fell to 2.2% in the second quarter. This is the first time in over three years that inflation is within the target band of between 1 and 3 percent. Still, elevated rates have taken a heavy toll on the economy, as GDP declined 0.2% in the second quarter and likely fell in Q3 as well, which would mark a recession. The central bank’s aggressive rate-cutting is aimed at providing the economy with a much-needed boost.
The New Zealand dollar stands to be the big loser from an oversized rate cut. The currency plunged around 1% after the 50-bp chop in October and we could see another sharp drop on Wednesday if the central bank cuts again by 50 basis points.
The Federal Reserve releases the minutes of the November meeting later today. At the meeting, the Fed lowered rates by 25 basis points. Investors will be looking for insights about what the Fed may have planned for the Dec. 18 meeting. A few weeks ago, a second straight 25-bp cut appeared likely but with the US economy remaining strong, the Fed may opt to pause. Interest-rate future markets are currently pricing in a cut at 59% and a pause at 41%, according to the CME’s Fed Watch.
NZD/USD is testing resistance at 0.5857. Above, there is resistance at 0.5898
There is support at 0.5793 and 0.5752
NZDUSD forming a bottom?NZDUSD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 0.5825.
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5850 will confirm the bullish momentum.
We look to Buy at 0.5825 (stop at 0.5799)
Our profit targets will be 0.5885 and 0.5600
Resistance: 0.5850 / 0.5875 / 0.5880
Support: 0.5825 / 0.5815 / 0.5800
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.
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st support.
Pivot: 0.5772
1st support: 0.5657
1st Resistance: 0.5915
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.
Overlap resistance ahead?NZD/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.5879
Why we like it:
There is an overlap resistance that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.5914
Why we like it:
There is an overlap resistance level.
Take profit: 0.5816
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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 is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Weekly Forex Forecast Nov. 25th: NZDUSD Potential Trade of Week!NZD \ NZDUSD may turn out to be the best setup of the week. Tuesday 8pm EST is the RBNZ Rate Statement. Best to look for setups after that news. But if the current trends hold, I will be looking for sell setups, as the currency has been week for an extended period of time.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NZDUSD - Look for a short !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish OB + institutional big figure 0.59000.
Like, comment and subscribe to be in touch with my content!
NZDUSD Is Very Bearish! Sell!
Here is our detailed technical review for NZDUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.582.
Considering the today's price action, probabilities will be high to see a movement to 0.578.
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!
NZDUSD Is Nearing 0.58400 Key ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.58400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58400 support and resistance area.
Trade safe, Joe.
NZD-CAD Locally Oversold! Buy!
Hello,Traders!
NZD-CAD keeps falling down
And the pair is locally oversold
So after the pair hits the horizontal
Support level of 0.8120 we will
Be expecting a local bullish
Correction and a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NZD-USD Bearish Breakout! Sell!
Hello,Traders!
NZD-USD is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key horizontal level
Of 0.5850 so as we are
Bearish biased we will
Be expecting a further
Bearish move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NZDUSD 2 SCENARIOS EXPLAINED TO SELL IT.The OANDA:NZDUSD NZD/USD pair is currently going down, so it's best not to trade against this trend.
There are two possible situations to watch for:
Scenario 1 : Wait for the price to rise above 0.589, then fall back below it. This shows that stop losses have been triggered, and it’s a good point to sell towards the next level at 0.58649.
Scenario 2 : If the price drops below the midrange, some traders might start selling because they expect it to keep going down. Wait for the price to rise above the midrange, triggering their stop losses, and then fall back below it. This would be a good time to sell.
For updates, follow me and I’ll keep you posted.
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot and could potentially drop to the 1st support which is a pullback support.
Pivot: 0.5880
1st Support: 0.5838
1st Resistance: 0.5915
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 Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59200 support and resistance area.
Trade safe, Joe.