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Nzdusdbuy

20 Reasons For Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart 2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways 3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks 4:🕛Daily: Invert head & shoulder taking support at weekly 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: Inverse Head & Shoulder 7: 3 Volume: Massive Volumes on Buy Candles good for bulls 8: 4 Momentum UNCONVENTIONAL Rsi: sideways to bullish zone 9: 5 Volatility measure Bollinger bands: It starts squeezing. Now let's see Which side breakdown occurs, but then a high chance it can be the bull side 10: 6 Strength ADX: bullish DMI in strengths kiss and cross but overall sideways 11: 7 Sentiment ROC: this week, NZD is most vigorous in the central basket, and USD is the weakest ✔️ Entry Time Frame: H4 12: Entry TF Structure: bullish 13: entry move: wait for fill the Recent FVG overall market is in a proper uptrend in h4 tf 14: Support resistance base: protected lows back to back 15: FIB: waiting ☑️ final comments: wait until the price touches the recent support area when reached here; you need to wait for a trendline breakout and buy 16: 💡decision: Buy 17: 🚀Entry: 0.6234 estimated 18: ✋Stop losel: 0.6199 19: 🎯Take profit: 0.6363 20: 😊Risk to reward Ratio: 1:3.5 🕛 Excepted Duration: 3 days
Long
by Optimum369
NZD's double-bottom to foretell its next move?The Reserve Bank of New Zealand will deliver its second interest rate decision of 2023. The decision is release on Wednesday 2pm NZDT (Tuesday 8pm EST) What makes this interesting is that the country has just been hit by Cyclone Gabrielle which has reportedly caused more than NZ$12 billion worth of damage to infrastructure and private property. As such, some market watchers are predicting a pause in the RBNZ’s rate hikes (or a slowing), although the consensus is still for a 50-basis-points hike. With the uncertainty present in the market, the NZD/USD might look a little vulnerable ahead of this RBNZ decision. The NZD/USD is currently testing the support area created in January at 0.62249, which is crucial in predicting its next move. If the support area fails to hold, a short-term target includes 0.61648, and a long-term target includes 0.61000. NZD/USD is also below the 200-EMA, indicating a bearish trend. If the price manages to reject at the current support area, it may bounce to retest the 200-EMA period before continuing the downtrend. However, support holding up at 0.62249 would mean a double-bottom pattern formation, indicating, at least, a short-term bullish trend. For the reversal to have any momentum, the price needs to clear out the past consolidation area between 0.63523 and 0.63000, ultimately breaking the 0.63523 resistance area before continuing to the upside. Any upside to the NZD/USD might be capped by the strong economic data coming out of the US. Additionally, the US is closed for Presidents Day on Monday, perhaps causing some pent-up selling activity in the pair to eventuate on Wednesday NZDT/ Tuesday EST.
by BlackBull_Markets
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD - NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 75 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much. - Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly. - Anyway, NZDUSD can sell further until it reaches 0.6306 LEVEL.. After that, it can go up to 0.6703 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
by benny_marshall
NZDUSD First Target Hit +450 Pips what next ??Great trade on this pair we were looking for a signal under 0.574 we got that early last month with price going exactly as expected hitting the first easy target on Friday which was the previous low in the down trend,, you can read the related post to learn the reasons for this trade. I have now closed the position as we are approaching a Monthly SUPPLY/SELL zone you should be looking for sell signals as we hit 0.62 or above you should not try and buy into these levels. You should look for buying opportunities below 0.575 . Next week you may see early on that we get a pop up into the 0.62 area normally what will likley happen after the huge moves we seen at the end of last week will lead to a correction early in the week let's see :)
Long
by TheFxAce
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