NZDUSD WEEKLY UPDATEHello trader here is an update on NZDUSD as you can see the price has been bullish as was predicted in my setup weeks ago and now the price has reached a level of resistance so now I will wait for the price to break this level of resistance and turn it into support then I will add another buy trades. NB I am still holding my buys.
THIS IS NOT FINANCIAL ADVICE
Nzdusdanalysis
NZDUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
NZD/USD - Bearish Harmonic Pattern Signals Downtrend TrendThe NZD/USD currency pair is currently exhibiting strong bearish signals. A Bearish Harmonic Pattern has formed at a key resistance area, indicating a potential reversal. Additionally, a Bearish RSI Divergence on the 4-hour chart further supports our bearish bias.
_________________Technical Indicators_____________________
Bearish Harmonic Pattern:
The Bearish Harmonic Pattern detected at the key resistance level suggests a potential downward movement. This pattern is known for its high probability of signaling trend reversals, reinforcing our expectation of a bearish trend.
Bearish RSI Divergence:
The Relative Strength Index (RSI) on the 4-hour chart shows a bearish divergence, adding another layer of confirmation to our bearish outlook. The divergence indicates weakening momentum, suggesting that the recent upward movement is losing strength.
___________________Trade Setup_______________________________
Entry and Stop Loss
Entry Point: 0.61345
Stop Loss: 0.61535
The entry point is strategically placed below the resistance area to capture the expected downward movement. The stop loss is set slightly above the resistance to protect against potential breakouts.
Take Profit Levels:
To maximize potential profits, we have set three take profit levels:
TP-1: 0.61155
TP-2: 0.60965
TP-3: 0.60775
These levels are based on historical support zones and Fibonacci retracement levels, ensuring logical and technically sound exit points.
Conclusion:
The confluence of a Bearish Harmonic Pattern and a Bearish RSI Divergence at a critical resistance area strongly indicates a potential bearish trend for the NZD/USD pair. By following the outlined trade setup, traders can effectively capitalize on this anticipated market movement. Always ensure to manage risk appropriately and adjust stop losses and take profits as the market evolves.
DeGRAM | NZDUSD support is weakeningNZDUSD is trading in a descending channel between the trend lines.
The price continues to hold under the resistance level.
The price has already reached the support three times, but the bounces that followed them decreased each time.
We think that the pair will continue to decline from the resistance level.
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NZDUSD DAILY CHART ANALYSISHello traders, here is a setup of NZDUSD as you can see the price created a falling wedge pattern which signals a bullish reversal and the price has already broken the structure or the pattern so now I will wait for the price to pullback into the resistance zone that will act as support and look for bullish reversal patterns or candle sticks in the support zone.
NZDUSDThe NZD/USD pair has shifted to an uptrend following a breakout from a descending channel pattern. This bullish breakout indicates a potential reversal of the previous downtrend, suggesting increased buying pressure. Traders might see this as an opportunity for long positions, anticipating further upward movement in the currency pair.
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 daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from bullish order block
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NZDUSD BULLISH MONEY HEIST PLAN TO STEAL EVERYTHINGMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of NZD/USD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
NZDUSD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. Potential BEARISH move
! Hello 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.
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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 🤗
NZDUSD: Has bears given up? Possible Swing BuyingOANDA:NZDUSD
We have possible buying opportunity on NZDUSD, on two day time frame price had rejected on ' discounted price zone' indicated a proper bullish reversal and the second confirmation is that price created strong lows and failed to break previous strong lows. In our view, price is likely to fall under our entry/demand zone and rebound strongly which will lead to our target zone eventually. This is a swing trade, so it will take days or months to be completed,; however, you can close the trade at your own decision. Good luck and trade safe. Like,comment and follow for more❤️
the price is trading above the Ichimoku cloud NZDUSD LongThe buy zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading above the Ichimoku cloud, which is a good sign of bullish momentum. Let's see how this plays out
Potential Trade Opportunity:
Currency Pair: NZDUSD
Position: long
Risk to Reward Ratio: 3R
Trade Parameters:
BUYLIMIT:
Entry Point: 0.60009
Stop Loss: 0.59961
Take Profit: 0.60157
Disclaimer:
This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.
NZDUSD FOR A 200 PIP DOWNSIDE MOVE?We are interested in shorting NU for glaring reasons.
On the monthly weekly and daily timeframes, price is clearly trending to the downside. Price broke below 0.6000 and is now testing the level as resistance. As long as price does not break above 0.60, this trade idea remains valid.
There's a huge potential for 200 pips if this trade idea plays out. Our next level target is set at 0.58.
Markets next move awaits Fed speeches this week Markets next move awaits Fed speeches this week
In April, the US economy saw a modest increase of 175,000 jobs, marking its slowest growth in six months, notably below market projections of 243,000 and a considerable drop from the robust 315,000 jobs added in March.
So, now we know the NFP data from last Friday, has this changed investors' outlook for fed rate cuts, and subsequently limit the recent strength in the USD? After the NFP, the USD was weakest against the NZD, falling by a little more than 0.75%.
The market might want to see a few more similar NFPs before they really get their hopes up again though.
Consequently, the prevailing sentiment might still be tilted in favor of the NZD/USD sellers. Any bullish sentiment that lingers may need to await the pair's crossing of the 50 and 200-day SMA in the upcoming trading sessions.
The upcoming week is marked by significant speeches from Fed officials, events that could potentially quash the NZD's upward momentum. This limitation on the NZD's upside potential might be reflected across all major currencies.
Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance.
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect downside move after price filled the imbalance and rejected from bearish order block + institutional mid figure 0.60500.
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🚨AUDUSD will Fall by H&S Pattern🚨🏃 AUDUSD is moving near the 🔴 Resistance zone($0.598-$0.593) 🔴 and managed to break the Support lines .
📈From the point of view of Classical Technical Analysis , it seems that AUDUSD has succeeded in forming a Head and Shoulders Pattern .
🔔I expect AUDUSD to fall at least to the 🎯 Target 🎯 I have specified on the chart.
New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 1-hour 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here price respected my last analysis and filled the imbalance, now we can see a rejection from bearish order block + FIBO 0.5 level. I expect price to continue bearish move to take liquidity below equal lows.
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NZDUSD Bearish Momentum Expected from Anti-Butterfly PatternHarmonic Pattern Formation: Anti-Butterfly (XABCD)
NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame.
The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area.
Confluence with Trendline and Fibonacci Level:
The Anti-Butterfly pattern is accompanied by a trendline, adding confluence to the potential reversal zone.
Price has exhibited a strong rejection at a key resistance level and the 0.618 Fibonacci retracement level, indicating significant selling pressure.
Bearish Momentum Expected from Point D:
With the rejection at resistance and Fibonacci level, we anticipate a shift in momentum towards a bearish trend from Point D of the harmonic pattern.
Trade Setup:
Entry: 0.59215
Stop Loss: 0.59560
Profit Targets:
TP-1: 0.58867
TP-2: 0.58525
TP-3: 0.58175
Rationale:
The entry point aligns with the anticipated reversal from Point D of the harmonic pattern, offering a favorable risk-reward ratio.
The stop loss is placed above the recent swing high to mitigate potential losses in case of a reversal.
Profit targets are set at key support levels based on previous price action and Fibonacci extensions.
Risk Management:
Maintain proper position sizing to limit exposure to potential losses.
Regularly monitor the trade for any signs of invalidation or early exit signals.
Disclaimer:
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before entering any trade.
NZDUSD Technical Analysis and Trade IdeaOur analysis of the NZDUSD pair on higher time frames reveals a dominant bearish trend. Currently, the pair is approaching a crucial support level, with a potential retracement setting up a trading range. In the accompanying video, we present a trade idea contingent on favorable price action development. We identify key support and resistance levels, examine chart patterns, and conduct price action analysis to pinpoint a specific price behavior that would justify market entry. Please note that this analysis is for educational purposes only and should not be considered as financial advice. Trading carries inherent risks, and it is essential to employ robust risk management strategies at all times.
Bought the dip in NZD/USD, are you with me?Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, NZD/USD fell quite rapidly during the Asian Trading session on Friday.
However, the dip seemed like a buying opportunity to me as technically, NZD/USD touched the lower trend line of the price channel. So, I added a buy in NZD/USD@0.5865. If the channel support holds, NZDUSD can go up to 0.5980 over the next few days.