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Nzdusdlong

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. 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 50 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 continue to BUY until 0.6703 LEVEL.. After that, you can SELL at 0.6122 LEVEL.
by benny_marshall
Has NZDUSD found a local bottom?NZDUSD - 24h expiry - We look to Buy at 0.6200 (stop at 0.6150) Previous support located at 0.6200. Previous resistance located at 0.6300. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 0.6275 will confirm the bullish momentum. Our profit targets will be 0.6350 and 0.6400 Resistance: 0.6300 / 0.6350 / 0.6400 Support: 0.6200 / 0.6150 / 0.6125 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
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 remains mixed and volatile.NZDUSD - 24h expiry - We look to Buy at 0.6300 (stop at 0.6225) Previous support located at 0.6300. Previous resistance located at 0.6400. Price action has continued to trend strongly lower and has stalled at the previous support near 0.6300. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 0.6400 will confirm the bullish momentum. Our profit targets will be 0.6450 and 0.6500 Resistance: 0.6400 / 0.6450 / 0.6500 Support: 0.6300 / 0.6250 / 0.6225 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
1
WC0213 NZDCAD Outlook: M-W LongMTF Analysis Monthly TF perspective Pattern: Inverted Head & Shoulders -Right shoulder forming at the Low of previous Month January. Price is also at the previous week's level. -Looking at the next 3 months might be LONG til pattern's completed. Weekly TF perspective - My bias for Weekly Fibonacci retracement level for violent push upward is at 38.2 -- this retracement level also coincides with the downtrend Daily TF Fib 27 ext level. - Many confluence at the 00 levels on H4 and H1 OB's and wick on wick area. - .8350 is in confluence with the weekly key level Daily TF - .0875 / quarter level coincides with Daily Fib's 27 ext Bias: -Price will reach .8400 and will do a stop hunt until the 50's (.8350) before going up. -Looking at the next 3 months might be LONG til pattern's completed.
Long
by RSC_FX
2
Buying NZDUSD on dips.NZDUSD - 24h expiry - We look to Buy at 0.6250 (stop at 0.6210) Previous support located at 0.6250. Previous resistance located at 0.6350. The selloff is close to an exhaustion count on the intraday chart. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6350 will confirm the bullish momentum. Our profit targets will be 0.6350 and 0.6390 Resistance: 0.6350 / 0.6400 / 0.6500 Support: 0.6250 / 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
NZDUSD OVERALL BEARISH (Potential LONG OPPORTUNITY) I am anticipating NZDUSD making a retracement. -Price intitally made a bullish push -Price then met resistance around 0.6500 level and formed a Double Top. -A double top, is a sign of potentail bullish exhaustion and a possible reversal. -After price tried to break the level, price then closed as a reversal candlestick, followed by a large bearish momentum candlestick. -I am expecting price to close on 2/6/23 or 2/7/23 as a doji candlestick on the daily time frame. -On the 4hr/1hr, I am expecting a double bottom, that will then make a bullish push. - Price will then make a bullish push to test the neckline of the double top, which also aligns with the 50-61.8 Fibonacci level. Please, Like, Comment, Follow for more ideas. Feel free to drop your ideas/analysis below !!!
Long
by NoCeilingsTrading
1
NZDUSD negative momentum to stall at support.NZDUSD - 24h expiry - We look to Buy at 0.6450 (stop at 0.6410) Previous support located at 0.6450. Previous resistance located at 0.6550. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6450, resulting in improved risk/reward. A move through 0.6550 will confirm the bullish momentum. Our profit targets will be 0.6550 and 0.6590 Resistance: 0.6550 / 0.6600 / 0.6650 Support: 0.6450 / 0.6400 / 0.6375 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 to find buyers at previous support?NZDUSD - 24h expiry - We look to Buy at 0.6400 (stop at 0.6350) Previous support located at 0.6400. Previous resistance located at 0.6450. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. We expect a reversal in this move. A move through 0.6450 will confirm the bullish momentum. Our profit targets will be 0.6520 and 0.6545 Resistance: 0.6450 / 0.6500 / 0.6550 Support: 0.6400 / 0.6350 / 0.6325 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