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Nzdusdanalysis

RBNZ Rate Hike Hint vs US Cut Outlook: A 330-Pip OpportunityFrom a fundamental perspective, this pair has aggressively recovered upward. This is attributed to the downward trend shift of the dollar and projections for the NZD, which include talks of a potential interest rate hike in the first quarter of the upcoming year. However, the U.S. economy is showing signs of cooling down, leading to projections of rate cuts starting next year. These two economic factors - weakness versus strength - are likely to continue bolstering this pair's strength. The take profit idea of the set up(330pips) is base on monthly ATR which is 330.
Long
by Wiiso
2
NZD/USD BUY 📈 Market Analysis - Buy Opportunity 📉 Pair: NZDUSD 📊 Technical Analysis: Forming a rising wedge pattern on the 30-minute timeframe, NZDUSD has also reached the higher low area of the uptrend line in the 4-hour chart. 📉 Expectations: Anticipate a re-test of key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert. 3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Long
by Pro-Trading-Africa
NZDUSD Technical Analysis And Trade Idea The NZDUSD has shown notable upward momentum, reaching a significant resistance point on both daily and weekly charts. This video offers an extensive analysis, carefully scrutinizing price actions and uncovering potential trade prospects through comprehensive assessments across various timeframes, spanning from weekly down to 15-minute intervals. Expect a thorough examination encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's essential to highlight that the insights shared in this video are purely educational and should not be construed as financial guidance.
Long
by fxtraderanthony
NzdUsd to reach 0.65 in mid-termFX:NZDUSD has been in a downtrend for nearly two years. However, after reaching a low at the 0.55 zone, which aligns neatly with the pandemic's 2020 low in October 2022, the pair staged a robust recovery, gaining approximately 1000 pips and reaching the trend line once again. Subsequently, a new decline occurred, halting at 0.58 and establishing a higher low on our long-term chart. Another recovery ensued, propelling the pair back above the crucial 0.6 level, significant both psychologically and technically. This was accompanied by a touch of the descending trend line. The recent correction formed a bullish flag, and the pair rebounded strongly from just above the technical support. Currently, the pair is hovering around resistance, and I anticipate a potential breakout. Such a break could lead to further gains, with the medium-term target set at 0.65. I maintain a bullish stance as long as the pair remains above the recent low of 0.6050.
Long
by Mihai_Iacob
4
NZDUSD Price Movement After Fed Turns To Timing Of CutsAfter breaking through a strong resistance level in the range of 0.617-0.618, the price of NZDUSD continued to move upward within the framework of impulse wave 3. We expect the bullish trend to continue with minor pullbacks up to 0.645. In recent weeks, the New Zealand dollar has been one of the strongest currencies, but we expect this trend to continue in the medium term due to the Fed's intention to cut rates in 2024. Show your support by liking👍, following✅, sharing🙌, and commenting✍! Feel free to share your ideas and charts below. Your engagement is crucial in spreading the word and maintaining the relevance of the content. Thanks for being an essential part of this community! Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
Long
by ALLKA_RESEARCH
1
🌟 Forex Trading Tutorial: Trading a Fake Breakout✅🔍 Understanding Fake Breakouts: 🔸Spotting the Fake Breakout: In the chart, as highlighted, a green candle indicates a reversal above a certain level, signifying a fake breakout. This is where the market seems to break a support or resistance level but quickly reverses direction, invalidating the breakout. 🔸Qualities of the Confirming Candle: The candle that signals a fake breakout shouldn't be a weak one. It must clearly demonstrate that the breakout was fake, usually with a strong close in the opposite direction of the initial breakout. 📊 Trading Strategy for a Fake Breakout: 1. Position Entry: You can open a position based on these candles, capitalizing on the market's misdirection. 2. Stop Loss: Set the stop loss just below the low of the confirming candle. This placement limits your potential loss if the market moves against your position. 3. Target and Risk-Reward Ratio: Aim for a risk-reward ratio of 2:1 to 3:1. This means for every unit of risk taken, you expect to gain two to three units in reward. For instance, if your stop loss represents a potential loss of 50 pips, set your target at 100 to 150 pips. 💡 Why It Works: This strategy works because fake breakouts often trap traders in the wrong direction. When the market swiftly reverses, it can lead to a strong move in the opposite direction as traders rush to adjust their positions. 📚 Educational Note: It’s crucial to practice this strategy in a demo account or with a small position size initially. Forex trading carries risks, and understanding market dynamics is key to successful trading. 🔑 Remember: Forex trading requires careful analysis, patience, and risk management. Always do your homework and trade responsibly! 🌍📚 #tradecitypro #forex #NZDUSD #breakout #fake_breakout
Education
by tradecitypro
1
NZDUSD Looking BearishCertainly. Here's a rephrased version along with an explanation: We recently observed a market response following our decision to initiate a sell position at 0.6122 on the 4-hour (H4) chart. This decision was based on identifying a resistance level that overlapped with the current market conditions. In order to set clear risk and reward parameters, we established a profit target at 0.6064. This target aligns with an overlapping support level, indicating our expectation for a downward price movement. To manage potential losses and protect our trade, we strategically placed a stop loss at 0.6189. Notably, this stop loss coincides with another overlapping resistance level. This placement aims to limit losses in case the market moves against our sell position, providing a risk management strategy aligned with the identified chart patterns.
Short
by HUMCRYPTOCLUB
NzdUsd is extremely bullish above 0.6050 Recently, I highlighted a potential reversal for NZD/USD on a few occasions. This anticipation was based on two primary factors: firstly, the occurrence of a false break, and secondly, the emergence of a notably large bullish engulfing pattern in mid-November. As predicted, the pair successfully surpassed the 0.60 figure and the horizontal level at 0.6050, achieving a local high of 0.6221. While the early part of the week is marked by a normal correction, there are indications that this correction may have concluded, paving the way for a potential continuation to the upside towards 0.64 next important level of resistance. As the title suggests, NZD/USD is currently exhibiting strong bullish momentum above the 0.6050 support level. The bullish sentiment prevails as long as this support is intact on a daily close basis. In line with this analysis, my strategy for this pair is to capitalize on buying opportunities during market dips.
Long
by Mihai_Iacob
2