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NZDUSD

NZDUSD H4 22 March 2024NZD/USD, H4 22 March 2024 The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend. The NZD/USD pair has formed a double-top pattern, suggesting a potential fresh bearish trend. Resistance level:0.6050, 0.6100📉 Support level: 0.6005, 0.5950📈
Short
by top_fx
NZDUSD Strong medium-term buy opportunity.The NZDUSD pair easily broke above the former Channel Down on our last buy signal (October 27 2023, see chart below) and then went on a slow long-term retrace: The restructured pattern is close to forming a Death Cross on the 1D time-frame, which would be the first since July 06 2023, a formation that turned out to be a buy signal. As the 1D RSI broke below its former Higher Lows trend-line and went below 35.00, a bullish pattern arises. As you can see such RSI pattern priced the Lows of October 26 2023 and May 31 2023, which where bottom buy opportunities that targeted the 0.786 Fibonacci retracement level from the previous High of the Channel Down. Assuming the price soon hits its Lower Lows trend-line, a projected 0.786 Fib is around 0.6280 but we are targeting marginally lower at the top of the Channel Down at 0.62350, as until it breaks, it remains the dominant pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Market Analysis: NZD/USD Signal More LossesMarket Analysis: NZD/USD Signal More Losses NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for NZD/USD Analysis Today NZD/USD declined steadily from the 0.6105 resistance zone. There was a break below a key bullish trend line with support at 0.6040 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6105 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6055 against the US Dollar. The pair dived below the 61.8% Fib retracement level of the upward move from the 0.6024 swing low to the 0.6106 high. Besides, there was a break below a key bullish trend line with support at 0.6040. The pair settled below the 0.6025 level and the 50-hour simple moving average. On the downside, immediate support on the NZD/USD chart is near the 0.6005 level. It is close to the 1.236 Fib extension level of the upward move from the 0.6024 swing low to the 0.6106 high. The next major support is near the 0.5980 zone. If there is a downside break below 0.5980, the pair could extend its decline toward the 0.5950 level. The next key support is near 0.5920. Immediate resistance on the upside is near 0.6025. The next resistance is at 0.6055 and the 50-hour simple moving average. If there is a move above 0.6055, the pair could rise toward 0.6090. Any more gains might open the doors for a move toward the 0.6150 resistance zone in the coming days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
SHORT USDJPY TP 150 REASONS WHY Interest Rate Differential: The interest rate set by the central bank is a major factor that affects the value of a currency. If the Bank of Japan (BoJ) raises its interest rates or signals an intention to do so, while the Federal Reserve maintains or cuts its rates, the JPY could strengthen against the USD. Currently, the market sentiment is that the BoJ will end its ultra-loose policy stance in April by raising interest rates from negative 0.1% to 0.1%2. Economic Indicators: Economic indicators such as GDP growth, unemployment rate, inflation, and retail sales can influence the value of a currency. If these indicators show a stronger economy in Japan compared to the US, the JPY could appreciate against the USD3. Market Sentiment: Market sentiment can also play a role. If traders anticipate a downturn in the US economy or a rise in the Japanese economy, they might sell USD and buy JPY, leading to a short position on USD/JPY. Geopolitical Events: Geopolitical events and uncertainties can cause investors to move towards safe-haven currencies like the JPY. If there’s increased geopolitical tension or economic uncertainty, the JPY could strengthen against the USD. Trade Balance: Japan is a major exporter, and a positive trade balance could lead to an appreciation of the JPY. If Japan’s export growth outpaces its imports, creating a trade surplus, the JPY could strengthen against the USD
Short
by NYRUNSGLOBAL
Join the NZD/USD Buy Opportunity! 📈Hey there, fellow traders! Get ready for another exciting play in the forex world – this time with NZD/USD gearing up for a buy opportunity. Here's why you should be paying attention: 🔍 Let's Talk Numbers: We're eyeing a buy entry point at 0.60300, with a smart stop-loss set at 0.60043 to keep risks in check. Our first target? A juicy 0.60803, offering a sweet 1:2 risk-reward ratio. But don't worry, we've got our sights set on even bigger gains, as our long-term targets reveal. 💼 Market Insight: Wondering why the USD might be on shaky ground in the long run? Let's break it down. It's all about inflation taking the lead while interest rates and yields lag behind. The USD is already feeling the pinch from declining inflation rates, and when both inflation and interest rates ideally sit around 2 percent, any imbalance can spell trouble for the greenback. 🌊 Ride the Wave of Opportunity: As the forex market ebbs and flows, there's plenty of room for savvy traders to make their mark. Keep your eyes peeled for potential pullbacks and breakouts, and get ready to ride the waves of opportunity that lie ahead. 🔒 Keep Your Trade Secure: With a well-placed stop-loss and clear profit targets, we're ensuring our trade is both strategic and safe. Stay disciplined, stay informed, and get ready to capitalize on the potential gains waiting just around the corner. Don't miss out on this NZD/USD buy opportunity – it's time to dive in and ride the wave to success in the forex market!
Long
by ultreosforex
NZDUSD ShortMARKET PHASE OANDA:NZDUSD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 0.60874. Price retraced to this level, triggering our entry and has continued downwards. TRADE I will be entering short on OANDA:NZDUSD with the following parameters: Sell Limit: 0.60874 Stop Loss: 0.61084 Take Profit: 0.60454
Short
by Mankz
NZDUSD The Target Is UP! BUY! My dear friends, NZDUSD looks like it will make a good move, and here are the details: The market is trading on 0.6045 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 - 0.6094 Recommended Stop Loss - 0.6021 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
Long
by AnabelSignals
2
Strifor || AUDUSD-Mid-term viewPreferred direction: BUY Comment: As expected earlier, the US dollar has strengthened against all major competitors, and the AUDUSD currency pair is at the top of this list. The main trigger for the fall was the RBA meeting. However, we previously noted that for this instrument a setup was formed for at least a downward correction. It should be noted that the long-term prospects are not so rosy for buyers, although we expect growth in the medium term. This potential movement is considered towards the level of 0.66000 and no higher. For this long-deal, we highlight two scenarios , as always, and both are indicated on the chart. Most likely, in the short term, the major currencies will decline, including the AUD . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
Long
by Strifor
1
Kiwi H4 | Potential bullish bounceThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60747 which is a pullback support. Stop loss is at 0.60500 which is a level that lies underneath a pullback support. Take profit is at 0.61460 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracememt 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. 66% 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.
Long
by FXCM
1
NZDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
6
Potential bearish breakout for the Kiwi?The Kiwi (NZD/USD) has broken below the level of 0.6072 which has been identified as a pivot point. Could price potentially fall all the way down to the 1st support? Pivot: 0.60720 Support: 0.60479 Resistance: 0.61000 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.
Short
by ICmarkets
Kiwi H4 | Falling to 100% Fibonacci Projection supportThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60745 which is a pullback support that aligns close to the 100.0% Fibonacci projection level. Stop loss is at 0.60280 which is a level that lies underneath a multi-swing-low support. Take profit is at 0.61364 which is an overlap resistance 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. 66% 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.
Long
by FXCM
NZDUSD My Opinion! BUY! My dear subscribers, My technical analysis for NZDUSD is below: The price is coiling around a solid key level - 0.6094 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.6127 My Stop Loss - 0.6073 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
4
NZDUSD Will Go Higher! Buy! Take a look at our analysis for NZDUSD. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.608. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.614 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!
Long
by SignalProvider
1
NZDUSD Long at "New Product Pre-Release Sale"Just long-ed NZDUSD when price came to a level where "The Market Remembers"(support area). The final push towards the down side was strong, and then 10/20 Period Mean Price crossed over, signalling to me that the dynamics has changed. The 10 Period Mean Price is able to be higher than the 20 Period Mean Price, telling me that there's a shift in peoples wallets. Take a look at the 4H Time Frame, and it will be apparent that we are trading based on the Big Boys "The Market Remembers" level. We could ride the coat tail of the big boys, helping them gather the wood they need and selling it to them for a premium. Don't be like rice farmers. They sow, they slog, and get paid pennies while the rice buyers aka big boys get fed and fat. Rather the rice rots than to sell it to the big boys. But we are not mere farmers, so, we get to bargain with the big boys. I will be exiting if I see that the demand is not there and unable to get my higher prices, aka, I will be cutting my losses quickly, instead of letting my cows die in the farm. Grade AAA beef too expensive, nah? ok, I will sell it to at a lower price, dont go to the next door farm, please.(You better watch out, bruh). But if price is able to rise, and our premium wag-yu is in high demand, we will sell it to the highest bidder and provide dough for our fam. Gotcha fam. 1304SGT 18032024
Long
by ProfessionalDuckHunter
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 :-)
Short
by ShahedZare