Nzdusddaily
NZDUSD
In the NZD/USD pair's daily timeframe, a bullish trend seems to be forming, evidenced by an ABC pattern. Following the completion of the last impulse, which underwent a 50% correction, there's a potential setup for further upward movement. Traders may look for confirmation signals such as breakouts or bullish candlestick patterns to validate this bullish bias before considering long positions.
#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 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 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 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.
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.
7 Dimension Trade Idea For NZDUSD 🕛 TOPDOWN - Long-Term Bullish Setup for NZD/USD
Overview:
The 3-month, monthly, and weekly analyses indicate a significant shift in character for NZD/USD. After a prolonged downtrend, the pair shows signs of a bullish reversal. While a trend line resistance is identified on the weekly, a daily correction is expected before considering a long entry.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Change in character.
🟢 Swing Move: Impulsive with (CHOCH).
🟢 Inducement: Direct CHOCH.
🟢 Pull Back: Awaiting, potentially deep.
🟢 Internal Structure: Bullish.
🟢 Ext OB: Unmitigated for a potential flip.
🟢 Resistance/Supply Zone: Identified at the swing high level, aligned with the weekly resistance trendline and premier order block. So better for wait a correction till our suggest entry levels
🟢 Time Frame Confluence: Daily.
2️⃣ Pattern
🟢 CHART PATTERNS
Rounding Patterns: Near completion at target levels.
Continuation: Rising Wedge, Shakeout Continuation.
🟢 CANDLE PATTERNS
Key Considerations:
Record session count observed without momentum weakening.
Strict engulfing candles indicating sustained bullish strength.
3️⃣ Volume:
🟢 Fixed Range shows intact bull volume.
🟢 Volume on breakout and during correction is positive, suggesting a potential change of character.
4️⃣ Momentum RSI:
🟢 In the super bullish zone.
🟢 Range shift indicates growing bullish power.
🟢 No divergence observed.
🟢 Overbought, expecting a small correction.
🟢 Grandfather-father-son entries hint at strong bullish control.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band and dual band derivation support potential reversal and uptrend moments.
6️⃣ Strength According to ROC:
🟢 Values: NZD 4.61 Vs USD 0.07, signaling USD weakness against NZD.
7️⃣ Sentiment: Overall, the sentiment is not entirely clear. While bulls have strong control, a final decision awaits a correction and its behavior.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bullish CHOCH.
☑️ Current Move: Impulsive.
✔ Support/Resistance Base: Flip area.
☑️ Candles Behavior: Awaiting correction.
☑️ Trend Line Breakout: To be marked after prices complete the correction.
💡 Decision: Buy after a corrective move provides a valid low.
🚀 Entry: 0.6040
✋ Stop Loss: 0.5848
🎯 Take Profit: 0.7366
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 45 days
SUMMARY: The analysis supports a long-term bullish setup for NZD/USD. The completion of the corrective move is crucial for a more accurate entry, allowing for a favorable risk-to-reward ratio. Patience is key to capturing the potential upside in this trade.
#NZDUSD: 600 PIPS BUYING OPPORTUNITY Hey everyone,
NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly.
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nzdusd sell signal. 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
NZDUSDDear Traders,
Our overview remain bullish as in our previous chart that we had explained it, right now price is in very tricky sport while dxy did not make any strong retracement since last week and has continued dropping in this week too. It is hard to clearly pin point when DXY will retrace so we kept that thought in mind and we think price of NZDUSD will continue the bullish momentum.
This idea is swing move, please use smaller time frame for entries, like and comment if you agree with the idea.
thanks a lot ;)
NZDUSD Long Term BUYING Trading IdeaHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today NZDUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD Long Term Selling Trading IdeaHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today NZDUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD Technical Analysis and Trade Idea Asian SesionIn this video, we present an in-depth analysis of NZDUSD, with a primary focus on the prevailing bearish price movement evident in the 1-week and 1-day timeframes. Notably, NZDUSD has reached a critical support level at the lower boundary of the current trading range. Our discussion in the video delves into crucial aspects of technical analysis, including, but not limited to, the current trend, price dynamics, market structure, and various other fundamental elements of technical analysis. As we progress through the latter part of the video, we explore a potential trading opportunity in greater detail.
It's of paramount importance to emphasize that the content presented here is intended solely for educational purposes and should not be construed as financial advice. It's vital to recognize that engaging in currency market trading involves a significant degree of risk. Therefore, it is absolutely imperative to prudently integrate risk management strategies into your trading plan.
NZDUSD MID-WEEK ANALYSIS UPDATE 08/10/2023Bearish NZD/USD Short-term Opportunity 📉
Recent NZD strength points to a potential short-term bearish opportunity for NZD/USD. Keep an eye on historical levels, set risk parameters, and stay informed for a tactical trade. After the market breaking the previous structural high, watch for any bearish reversal patterns during the pullback. Good luck! 📉💼📊💹
NZDUSD Long Term BUYING Trading IdeaHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today NZDUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD I Potential Buy from Demand ZoneWelcome back! Let me know your thoughts in the comments!
** NZDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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