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Nzdusdlong

NZDUSD to find support at previous resistance?NZDUSD - 24h expiry - We look to Buy at 0.6205 (stop at 0.6176) Previous support located at 0.6200. Previous resistance located at 0.6250. Price action looks to be forming a bottom. The trend of higher lows is located at 0.6100. A move through 0.6250 will confirm the bullish momentum. Our profit targets will be 0.6278 and 0.6298 Resistance: 0.6250 / 0.6275 / 0.6300 Support: 0.6225 / 0.6200 / 0.6175 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
Has NZDUSD formed a swing low?NZDUSD - 24h expiry - Previous support located at 0.6150. Previous resistance located at 0.6175. Price action looks to be forming a bottom. Short term momentum is bullish. Risk/Reward would be poor to call a buy from current levels. A move through 0.6175 will confirm the bullish momentum. We look to Buy at 0.6145 (stop at 0.6105) Our profit targets will be 0.6245 and 0.6265 Resistance: 0.6170 / 0.6200 / 0.6225 Support: 0.6150 / 0.6125 / 0.6100 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective after the price changed the character, so I am looking for shorts from premium zone. If price fills the imbalances higher and reject from bearish order block I will consider to open a short position. Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA and on Wednesday will be released Unemployment Rate on NZD. Pay attention to these news, as they are important for the upcoming month and USD bias. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDUSD - Bullish Divergence - 1 hour time frameBased on my analysis using the RSI Indicator, a bullish divergence has been identified, indicating a potential uptrend. I recommend taking a long trade with a 1:1 risk/reward ratio. To enter the trade, I suggest placing a buy stop order at .62255 with a stop loss at 0.61621. The lot size for this trade should be 0.13. To take profits, I recommend setting two targets: Take Profit 1 at 0.62893 and Take Profit 2 at 0.63565. It's important to closely monitor the trade and adjust the stop loss and take profit levels as necessary based on market conditions. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
NZDUSD potential upside from its trendline support areaNZDUSD is potentially creating rejection and reverse to continue its bullish movement. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. At the moment, NZDUSD is weaving in its support with rejection happen due to the Nonfarm Payrolls news. The overall market has been muted due to easter holidays this week and we should see the market back to normal next week. I am seeing that we are able to take long position because NZDUSD has rejection in its support of the trendline and having bullish movement in 1H and 4H timeframe. I will set the stop loss at 0.62 and potential upside at 0.638. Good luck! Happy profit!
Long
by MekarTrading
2
Recession Probability Dumped NZDIn the 4-hour and daily timeframe, FRVP shows the $0.6230 level as a critical support. At the same time, we see that it has been in the ascending channel since the beginning of March and is currently breaking the lower support of the channel. The fact that the sub-support of the channel and the FRVP support are in the same region increases the risk level of this region. The prospect of New Zealand's possible recession has pushed the NZD below this risk level. In such a scenario, it is possible to see $0.60 levels.
Short
by YavuzAkbay