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Nzdusdshort

Markets next move awaits Fed speeches this week Markets next move awaits Fed speeches this week In April, the US economy saw a modest increase of 175,000 jobs, marking its slowest growth in six months, notably below market projections of 243,000 and a considerable drop from the robust 315,000 jobs added in March. So, now we know the NFP data from last Friday, has this changed investors' outlook for fed rate cuts, and subsequently limit the recent strength in the USD? After the NFP, the USD was weakest against the NZD, falling by a little more than 0.75%. The market might want to see a few more similar NFPs before they really get their hopes up again though. Consequently, the prevailing sentiment might still be tilted in favor of the NZD/USD sellers. Any bullish sentiment that lingers may need to await the pair's crossing of the 50 and 200-day SMA in the upcoming trading sessions. The upcoming week is marked by significant speeches from Fed officials, events that could potentially quash the NZD's upward momentum. This limitation on the NZD's upside potential might be reflected across all major currencies. Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance.
by BlackBull_Markets
NZDUSD-4H-TREND CONTINUATIONNZDUSD is looking bearish in HTF 1. Conditional Scoring: Bearish sentiment is derived from expectations of deteriorating economic conditions in New Zealand relative to the US. 2. COT-FILP: Bearishness is based on speculative positioning in the futures market, where traders anticipate a decline in the NZDUSD exchange rate. 3. Seasonal Patterns: Bearishness during the first two weeks of May since the last 5, 10, and 15yr is attributed to seasonal factors, such as decreases in exports or shifts in interest rate differentials. 4. Fundamentals: Improvements in leading economic indicators and exogenous factors suggest strength in the NZD, while a decline in endogenous factors implies potential weakness in the currency. 5. Technicals: Bearishness in the trend and continuation pattern suggests a downward trajectory in the NZDUSD pair, while bullish divergences might indicate a potential reversal despite other technical factors pointing to bearish. Overall, the analysis concludes with a bearish outlook for the NZDUSD pair, considering both fundamental and technical factors.
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by AamirZahirali
1
🚨AUDUSD will Fall by H&S Pattern🚨🏃 AUDUSD is moving near the 🔴 Resistance zone($0.598-$0.593) 🔴 and managed to break the Support lines . 📈From the point of view of Classical Technical Analysis , it seems that AUDUSD has succeeded in forming a Head and Shoulders Pattern . 🔔I expect AUDUSD to fall at least to the 🎯 Target 🎯 I have specified on the chart. New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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by pejman_zwin
3
NZDUSD Bearish Momentum Expected from Anti-Butterfly PatternHarmonic Pattern Formation: Anti-Butterfly (XABCD) NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame. The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area. Confluence with Trendline and Fibonacci Level: The Anti-Butterfly pattern is accompanied by a trendline, adding confluence to the potential reversal zone. Price has exhibited a strong rejection at a key resistance level and the 0.618 Fibonacci retracement level, indicating significant selling pressure. Bearish Momentum Expected from Point D: With the rejection at resistance and Fibonacci level, we anticipate a shift in momentum towards a bearish trend from Point D of the harmonic pattern. Trade Setup: Entry: 0.59215 Stop Loss: 0.59560 Profit Targets: TP-1: 0.58867 TP-2: 0.58525 TP-3: 0.58175 Rationale: The entry point aligns with the anticipated reversal from Point D of the harmonic pattern, offering a favorable risk-reward ratio. The stop loss is placed above the recent swing high to mitigate potential losses in case of a reversal. Profit targets are set at key support levels based on previous price action and Fibonacci extensions. Risk Management: Maintain proper position sizing to limit exposure to potential losses. Regularly monitor the trade for any signs of invalidation or early exit signals. Disclaimer: Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before entering any trade.
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by trading_jupiter
2
NZDUSD Technical Analysis and Trade IdeaOur analysis of the NZDUSD pair on higher time frames reveals a dominant bearish trend. Currently, the pair is approaching a crucial support level, with a potential retracement setting up a trading range. In the accompanying video, we present a trade idea contingent on favorable price action development. We identify key support and resistance levels, examine chart patterns, and conduct price action analysis to pinpoint a specific price behavior that would justify market entry. Please note that this analysis is for educational purposes only and should not be considered as financial advice. Trading carries inherent risks, and it is essential to employ robust risk management strategies at all times.
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by fxtraderanthony
NZDUSD to continue in the downward move?NZDUSD - 24h expiry Daily signals are bearish. Preferred trade is to sell into rallies. Our outlook is bearish. We look for a temporary move higher. 20 4hour EMA is at 0.5932. The lack of interest is a concern for bulls. We look to Sell at 0.5930 (stop at 0.5956) Our profit targets will be 0.5865 and 0.5850 Resistance: 0.5896 / 0.5920 / 0.5935 Support: 0.5974 / 0.5960 / 0.5940 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.
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by OANDA
NZD/USD: Bearish Outlook and Entry StrategyResistance Level: NZD/USD faces a crucial resistance level, signaling a possible reversal. Harmonic Pattern: The formation of the XABCD harmonic pattern reinforces bearish sentiment. Anticipated Movement: A downward trajectory is expected, indicating a shift from bullish to bearish. Entry Strategy: Short position suggested upon breach of 4-hour lower high, entry near 0.60150. Risk Management: Set stop-loss at 0.60500 to mitigate potential losses. Take Profit Levels: TP-1: 0.59774, TP-2: 0.59400, TP-3: 0.59035. In summary, NZD/USD is poised for a downward movement, with entry and exit strategies outlined for traders' consideration.
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by trading_jupiter
NZDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
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by TheGrove
3
NZDUSD to continue in the downward move?NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Short term RSI has turned negative. A move through 0.5925 will confirm the bearish momentum. The measured move target is 0.5890. We look to Sell at 0.5960 (stop at 0.5984) Our profit targets will be 0.5900 and 0.5890 Resistance: 0.5950 / 0.5965 / 0.5990 Support: 0.5925 / 0.5900 / 0.5890 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.
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by OANDA
NZD/USD H4 | Potential bearish breakoutNZD/USD is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.59833 which aligns with the 38.20% Fibonacci level. Stop loss is at 0.60013 which is a level that aligns with the 23.60% Fibonacci retracement level. Take profit 1 is at 0.59543 which is close to the 61.8% Fibonacci level. Risk/Reward Ratio: 1 : 1.61 Take profit 2 is at 0.59337 which aligns close to the 78.6% Fibonacci level. Risk/Reward Ratio: 1 : 2.76 Total risk 1.24% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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by Alvard