NZDUSD Will Go Down! NZD-USD will soon hit
A horizontal resistance
Of 0.8284 from where
I will be expecting
A local move down !
Nzdusdforecast
NZDUSD: get ready for a bounce back!Hey there! Let's talk about the NZD/USD market and what to expect next. After a prolonged period of decline, the market has hit a plateau. Bulls, unfortunately, suffered a blow when the support level of 0.60841, which had been holding the uptrend, was broken. This flat phase we're experiencing shows all the signs of typical manipulation with highs and lows.
Now, here's the intriguing part. Our trading strategy has formed a solid model that indicates the potential for a limited further decline. There is a limit at 0.60544, and we believe this level is just perfect for wrapping up the manipulation game and making way for a bounce back. Why is it perfect? This level conveniently sits below the low of 0.6062, which we saw back on January 23rd.
Here's what we predict: We anticipate that the 0.6062 low will be broken through, and once that happens, the market will soar high. Our target is to close the gap at 0.61931, which was formed in the heart of January. It's so exciting, don't you think?
To take advantage of this, we're placing a limit order to open a short position at 0.61016. Our aim is to close the position at 0.6058. We'll start with a trade volume set at 1/2 of our limit for opening deals. Here's the interesting part: If the 0.6062 level is pierced without reaching 0.6058 and the market bounces back above 0.6062, we'll close the short position and simultaneously open a long position at the full limit. And hey, if we manage to close the short position at 0.6058 without any further decline below 0.60544, we'll also initiate a long position.
Stay tuned for exciting opportunities in the NZD/USD market!
NZDUSD: bears have revealed their plans.Let's take a look at what happened in the NZD/USD market last week. There was some manipulation going on with the prices. We were actually expecting the market to rise due to some planned strategies by the buyers. However, we had a change of plans when the market rose without breaking the low of 0.60620 from January 23rd. This made us shift our perspective and decide to open short positions.
On January 31st, there was a false upward move with a spike that reached 0.61737. The bears entered their short positions and then the market has collapsed.
Currently, we have short positions with an average price of 0.61223. The situation seems favorable for us to hold onto these positions. We considering the possibility of opening more short positions, especially as the levels around 0.6090-0.6095 look promising.
Our expectation is that the market will continue to decline and could potentially reach the level of 0.6000.
Stay tuned for more updates!
NZ Economist's bold call opens opportunity in NZD? NZ Economist's bold call opens opportunity in NZD?
Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting.
This could potentially open some targets to the upside in the NZD/USD, including a yearly high for the pair. On its way up, we might want to see little hesitation in the recent consolidation band of 0.62130 and 0.62611 before this eventuates though.
Zollner pointed out that a series of "small but unwelcome data surprises" was enough to kickstart the hiking cycle again. She mentioned that it's not uncommon for central banks to resume hiking after a break, citing three instances when the Reserve Bank did so after the 2007 Global Financial Crisis.
Obviously Zollner's prediction is only that, a prediction (and perhaps biased at that?). On the flip side, Kelly Eckhold, the chief economist at Westpac (New Zealand's second-largest retail bank), disagreed with the market predictions of another rate hike, countering Zollner's hawkish stance. Eckhold interpreted the new data to suggest a "higher for longer" scenario, expecting rates to stay at 5.50% until 2025. Which might not exactly be bad news for the upside prospects of the NZD/USD too.
NZDUSD Symmetrical Triangle Pattern Breakout LongWe expect further upside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.
NZDUSD Bearish Breakout!NZD-USD broke out of the
bearish flag and
The breakout is confrmed
So we will be expecting
A potential move down !
#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.
Like our idea and comment your views!
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 Trading Plan - 28/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect NU to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
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 Bearish Breakout!NZD-USD broke out of the
bearish pennant and
The breakout is confrmed
So we will be expecting
A potential move down !
NZDUSD: Another Chance 2 Shot for the Bears!Hey there, folks! Missed us? Ready for some market action? ;-)
After a two-week rally that kicked off in mid-December, followed by a corrective phase in the closing days of the past year, it's no surprise that the market has resumed its downward trajectory. Right now, our strategy unmistakably points to a downward impetus. That said, the prevailing trend remains upward.
Since the release of American statistics on January 5th caused a volatility surge, the market has locked horns, giving rise to a consolidation pattern in the form of a triangle.
Bulls have taken a breather (and our trading strategy clearly reflects this sentiment), gradually easing the oversold. This provides the bears with the perfect opportunity to amass strength and regain their control.
Our trading strategy indicates that the minimum target for the decline has been achieved. However, the duration of the downward slide is currently below average. This means the bears haven't exhausted their potential just yet. The juicy piece of the new wave of decline is the closest low in the upward trend, clocking in at 0.60841, dated December 13th, 2023. Let's not forget, we've got an unfilled gap hanging around at 0.61271, ready to be filled.
Keep your eyes peeled for signals of resurfacing bearishness, and that will be a drop of the NZD/USD pair to 0.6209 and below during the January 10th trading session. Though, if the low of January 8th at 0.62123 crumbles, that would be a great opportunity to jump into action.
We're gearing up to open a short position. Come the January 10th trading session, we'll place a sell-stop order at the level of 0.62122.
Stay vibrant, trade smart, and stay tuned for updates! 😊
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.
NZDUSD 25-29 outlookmy outlook on NU this upcoming week. NU has been moving with the trend beautifully and will most likely continue to do so for another while. make use of it while its still here
as always, follow your trading rules and position yourself wisely
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.
NZDUSD Analysis H1Here is my analysis for NZDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZDUSD About to Go Down!NZDUSD moving in a Channel and now testing its upper trendline, We may see selling from here and price will test middle and then lower line of the channel.
It's a long term trade so, mange your risk accordingly!
NZDUSD - Looking To Buy Pullbacks In The Short TermH1 - Strong bullish momentum.
Downtrend line breakout.
Higher highs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
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.
NZDUSD: go, go down $-)Hey, folks!
We're witnessing some manipulation with the highs here! The upward momentum that started on October 26 broke through the high of October 23 at 0.60555. This high was the peak of the downtrend that persisted throughout this year. We were expecting a decline last week, but as it turns out, the bears were just hiding their intentions. Right now, the pair is trading near the low of last Friday at 0.61444. A breakthrough of this level today or tomorrow would make the outlook for NZD/USD bearish.
We continue to anticipate a decline in the pair. The magnitude and duration of the drop will become clearer in the coming days. If the bears muster the strength to push the exchange rate lower, towards the 0.6070 area, then the decline will likely last for at least a week and appear quite substantial.
