Nzdusdanalysis
NZ Economist's bold call opens opportunity in NZD? NZ Economist's bold call opens opportunity in NZD?
Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting.
This could potentially open some targets to the upside in the NZD/USD, including a yearly high for the pair. On its way up, we might want to see little hesitation in the recent consolidation band of 0.62130 and 0.62611 before this eventuates though.
Zollner pointed out that a series of "small but unwelcome data surprises" was enough to kickstart the hiking cycle again. She mentioned that it's not uncommon for central banks to resume hiking after a break, citing three instances when the Reserve Bank did so after the 2007 Global Financial Crisis.
Obviously Zollner's prediction is only that, a prediction (and perhaps biased at that?). On the flip side, Kelly Eckhold, the chief economist at Westpac (New Zealand's second-largest retail bank), disagreed with the market predictions of another rate hike, countering Zollner's hawkish stance. Eckhold interpreted the new data to suggest a "higher for longer" scenario, expecting rates to stay at 5.50% until 2025. Which might not exactly be bad news for the upside prospects of the NZD/USD too.
NZDUSD - Potential downside for liquidity ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and could reject from resistance zone.
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NZDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity NZDUSD
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NzdUsd- Resumption of the up move?In a recent post, I emphasized that it is of paramount importance for Kiwi bulls to maintain the 0.6010-0.6030 zone.
As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year.
As indicated by the chart, this level is identified by horizontal support and the Golden Fibonacci zone, which spans between 50% and 61%.
So far, the pair has held this level intact and reversed strongly after touching it.
Additionally, there has been a break above the descending trend line, further reinforcing this bullish outlook.
With that said, I m bullish on OANDA:NZDUSD as long as the price stays above the recent low, and buying dips is my strategy.
Furthermore, a trade targeting the recent high resistance level could potentially offer a 1:3 risk-to-reward ratio, depending on the entry point.
What is next for NZDUSD?Price reached a supply zone which was the goal this week.
Looking for bearish momentum to occur if enough sell orders are there. Will be waiting for more confluences to take a sell.
DeGRAM | NZDUSD trend continuation opportunityNZDUSD is trading in the descending channel. Price pulled back from the support level.
There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it.
The market is consolidating near the psychological level 0.61000, creating divergence.
We expect a bearish move to complete the AB=CD pattern.
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NZDUSD Symmetrical Triangle Pattern Breakout LongWe expect further upside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.
NZDUSD Head & Shoulders Buys??As I explained in my previous post, everything seems to be working out fine, and in profit.
We are looking for a break above the neck and possible retest to add more longs.
NZDUSD Bearish Breakout!NZD-USD broke out of the
bearish flag and
The breakout is confrmed
So we will be expecting
A potential move down !
NZDUSD SHORT - HEAD AND SHOULDR AT PLAY!Waiting for a break and retest at 0.60615 to short NZDUSD back to 4H ley level at 0.59003
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#NZDUSD: Possible Big Selling Opportunity! Dear Traders,
Hope you had a great weekend, now looking at the big picture of NZDUSD, we think price will likely to reverse after touching our area, DXY may become reverse in a week or two, while the pair is yet far from our entry point. We expect smooth drop; ensure you take appropriate risks when trading.
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NZDUSD analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DeGRAM | NZDUSD pullback from confluence levelNZDUSD is moving in an ascending channel. The market has dropped from the major resistance level.
The market is creating a bearish harmonic pattern, which is additional confluence.
We expect a pullback from the resistance since the market is moving sideways on the 4-hourly chart.
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EURUSD - NZDUSD - AUS200 Trade RecapThree positions taken last week, two breakevens and one loss. Great trades nonetheless, two structures I would take over and over again with the EURUSD position being on the higher risk side of things. Risk management plan stuck to, frequency is picking up just in the first month of the year as expected. Trade safe and responsible
NZDUSD Looking BullishThe Business Confidence report for New Zealand's NZD/USD reveals a positive shift in business sentiment, with a rise to 36.5 in January from the previous figure of 33.3. This indicates an optimistic change in how businesses perceive the economic environment. However, the NZD Activity Outlook, measuring firms' expectations for their own activity, witnessed a slight dip, decreasing to 25.7% from the earlier reading of 29.2%.
NZDUSD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis.
Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity NZDUSD
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NZDUSD Analysis(➡️RR=2.00)🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢.
📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline .
🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing corrective waves .
🌊Most likely, the structure of correction waves is Double Three Correction(WXY) .
🔔I expect the NZDUSD to rise to at least the 🔴 Resistance zone($0.6220-$0.6178) 🔴 again after the pullback completes.
New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 15-minute Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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NZDUSD Trading Plan - 28/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect NU to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
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.
NZD / USD Shorts The overall trend is bearish, so am looking for the break or the structure and 4h close below the blue zone with a retest and a lower low close on the smaller time frame.
Alternatively I would wait for a pull back and rejection from the top of structure with a 4h close, or a 1h bearish engulfing / double top to take the short back down to the bottom of structure.
NZDUSD A BULLISH ENTRYhello guys
NZDUSD Formed an inverted head and shoulder on a daily key level during the formation the price rejected a supply zone many times it also plays now as a neckline for the pattern
if the price manages to break and retest it may be a very good entry for a buying opportunity
NZDUSD Head & Shoulder SellHead and shoulder formed on HTF resistance zone, looking for short term sells to next demand/support.
NZDUSD Bearish Outlook: Technical and Fundamental AnalysisA comprehensive analysis spanning multiple timeframes presents a bearish outlook, augmented by fundamental factors. On the monthly chart, there's a clear rejection at a significant resistance level, indicating strong selling pressure at these price points. Shifting to the weekly timeframe, a notable observation is the breach of a critical support level, which has now turned into resistance. This shift was accompanied by a consolidation phase, highlighting a significant mitigation of positions and the addition of substantial short positions, further validating the bearish sentiment.
The daily chart provides a more granular view, showcasing a distinct breakdown in structure towards the downside. This technical breakdown suggests continued bearish momentum in the short term, as lower lows and lower highs form part of a downtrend.
From a fundamental perspective, the strength and momentum of the USD are evident, fueled by recent data releases that have kept the dollar "hot." Additionally, there's an observed bullish divergence with bonds, although this doesn't necessarily imply a long-term trend reversal.
On the New Zealand side, the upcoming Consumer Price Index (CPI) data release is anticipated to show a cool off, potentially setting the stage for an upward price correction. However, this expected bullish move should be interpreted with caution, as price action leading up to significant catalysts often respects the prevailing trend, which, in this case, is bearish.
In summary, while short-term bullish opportunities may arise from fundamental data releases such as the NZD CPI, the overarching technical analysis across monthly, weekly, and daily charts suggests a bearish trend for NZDUSD. Traders might consider looking for sell opportunities on rallies or breaks of structure, keeping an eye on key support and resistance levels for entry and exit points. Fundamental factors, including the strength of the USD and upcoming economic indicators, should be monitored closely to gauge their impact on the currency pair's direction.
