Nzdusdanalysis
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 32.80% fibo perfectly lines up with it.
On the 4 hourly chart, the market broke and closed below the significant level at 0.62250 - 0.62300.
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NZDUSD BUYHi fellow traders, NZDUSD has completed this larger correction in an ABC formation. It's quite common to see a shorter 'C' wave. Since the other dollar quote pairs look ready for a move higher we are expecting to see NZDUSD do this as well. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
DeGRAM | NZDUSD pullback tradeNZDUSD is trading in the ascending channel, and it's pulling back to support levels.
On the 4H timeframe, the market is basically in the consolidation zone.
There is a kill zone for a long opportunity at support 0.62500 and the 50% fibo level.
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NZDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. My point of interest is if price makes a retracement to fill the imbalance lower and to reject from bullish order block.
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DeGRAM | NZDUSD pullback from the major resistanceNZDUSD is moving in an ascending channel. The market has reached the major resistance level at 0.64000.
The market is overbought. It dropped from the resistance, and we'll see at least a pullback.
The price is near the psychological level, and if it rejects the level, then we might see a massive drop from it.
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20 Reasons for Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a BOS (Breakout of Structure) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks.
2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character.
3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration.
4:🕛Daily: Price has taken an inducement and is now following recent order flow. The last valid low is at the same level, and prices have been moving sideways from this point, forming a triangle. The breakout of this triangle will define the next move of the market, and there is a possibility of an upside breakout.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish to sideways, corrective move completed with a valid low and demand area.
6: 2 Pattern Candle Chart: Headfake chart, triangle, LH (Lower High), momentum candle.
7: 3 Volume: High volume at the lower high indicates a signal of profit booking. After heavy volume, prices have not gone further down, instead moving upside.
8: 4 Momentum UNCONVENTIONAL RSI: Sideways but in the bullish zone.
9: 5 Volatility measure Bollinger Bands: The bands are in a full squeeze, and the breakout of the squeeze will finalize the entry. If it breaks upside, take a long position immediately.
10: 6 Strength ADX: Sideways.
11: 7 Sentiment ROC: USD is weak, and NZD is strong.
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish CHOCH.
13: Entry Move: Impulsive.
14: Support Resistance Base: Trendline breakout.
15: FIB: Activated on the daily timeframe.
☑️ Final comments: Buy at the breakout.
16: 💡Decision: Buy.
17: 🚀Entry: 0.6232.
18: ✋Stop Loss: 0.6168.
19: 🎯Take Profit: 0.6466.
20: 😊Risk to Reward Ratio: 1:2.
🕛 Expected Duration: 20 days.
NZDUSD - Risky short ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: After the change of character here we could see price to start bearish price action. As well, we have as confirmations that price filled the imbalance and rejected from bearish order block.
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Chart analysis for NZDUSD D1A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some follow-through buying and sustained strength above the 0.6200 mark before positioning for any further appreciation. In other words, NZD/USD might test the 0.62800-0.6285 supply zone, or May's monthly swing high, once it clears 0.6235.
As for downside protection, the 0.6140-0.6130 area now appears to protect us before 0.6100. 0.6070-0.6065 is currently pegged as good support along the lower end of the triangle. NZD/USD could reach the psychological level of 0.6000 if the pair breaks below. There is potential for further near-term losses if further selling occurs below the YTD low.
NFP trade on NZDUSDLet’s see how this one plays out. I am expecting the market to push price up to my point of interest, triggering the trade. This is a trade I expect to play out for NFP. You guest it, I’m expecting stronger than projected NFP data. This trading idea is a mix of fundamentals and technical analysis. Please comment and add to your watchlist.
NZUSD - Bearish momentumNZDUSD has a bearish momentum for a while, adding to the running position with multiple confluences increasing the probability to the downside. Trend line touch, Fib level 78.6 retracement, support turned resistance and an order block will make this a perfect scenario for a valid setup.
NZDUSD 1H. Day trading signal.Hello Everyone. I want share my idea about NZDUSD.
After big move it broke up trendline and came back for retest it, we saw today reaction at resistance which came back well i open my short position. It also close to 4h Fibonacci important LVL.
We have on Dollar index bullish moves which i think will dominance on the pair and at the moment it show us new swing high of downtrend.
💡 NZD/USD Short opportunity Hello traders.
A possible short setup for tomorrow. This pair is looking likely to continue its downtrend. We are now below the 50% RSI and we have just encountered an impulsive move down with a retracment back to the 61.8 (The strongest level in my opinion) we still need confirmation, however this is looking like a good opportunity. I will keep you posted 📬
NZDUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are still bearish, so I am looking to add short position. I see price to continue the retracement to fill the imbalances higher and then to reject from bearish order block.
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🚧NZDUSD will FALL further🚧NZDUSD has started to form corrective waves in a descending channel after completing five impulse waves so that the structure of corrective waves is Zigzag(ABC/5-3-5) .
The main wave A and B correction inside the descending channel has been completed, and now NZDUSD is completing the main wave C.
The main wave C has an Expanding Ending Diagonal structure.
I expect microwave 5 of the main wave C to finish in the 🟡 Price Reversal Zone(PRZ) 🟡 and at the bottom of the descending channel.
🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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NzdUsd could probably break supportThe long-term trend for NzdUsd is clearly bearish and the recent rise started in November was just a correction with a high around the 0.65 zone and a clear resistance at 0.64 and the pair trading in the range starting in March.
The recent rally from 0.6050 support was anemic in comparison to other USD counterparts and suggests a very weak NZD.
A break under support is very probable at this moment and a new test of 0.56 low could follow in the next months.
That being said, I'm looking to sell rallies with negation above the 0.62 zone