NZDUSD MARKET STRUCUTRE CHANGE LONG TRADEWe expect further upside on this pair, signalled by the key level breakout. We can also see a change in market structure from bearish to bullish which supports our directional basis.
Nzdusdshort
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!
NZD/ USD Short Price was unable to break and close above the blue zone so am looking for a 4h close below the blue zone within structure and a retest and a lower low on the 30 min time frame but am mindful that Mondays can be quiet plus the action may not start until after tomorrows CPI
Yemi_Fx1 | Bearish Setup on NZDUSD Hello folks,
OANDA:NZDUSD is one of the pair I have on watchlist this week.
NZDUSD has been trading within an ascending channel since .
Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone.
From Daily Timeframe:
The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this time frame.
However, on 1HTF we may experience a pause in price to provide a continuation pattern giving us an opportunity to join the train or we just wait for the complete break and retest of the structure to then go Short on it.
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NZDUSD - Potential downside for liquidity ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and could reject from resistance zone.
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What is next for NZDUSD?Price reached a supply zone which was the goal this week.
Looking for bearish momentum to occur if enough sell orders are there. Will be waiting for more confluences to take a sell.
NZDUSD remains mixed and volatile.NZDUSD - 24h expiry
Price action has stalled at good resistance levels and currently trades just below here (0.6120).
We expect a reversal in this move.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6040.
Our profit targets will be 0.6060 and 0.6045
We look to Sell at 0.6120 (stop at 0.6144)
Resistance: 0.6120 / 0.6135 / 0.6150
Support: 0.6100 / 0.6045 / 0.6040
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.
Excellent Risk to Reward short on NZDUSD A similar trade to the EURUSD from last week.
H4: Pointing Downwards
D1: Down
Moving Average:
With Daily MA
H4 pointing downwards
Pattern:
Deep Crab on M30
Strong resistance at 0.6125
30 pip stop loss.
70 pip target
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 SHORT - HEAD AND SHOULDR AT PLAY!Waiting for a break and retest at 0.60615 to short NZDUSD back to 4H ley level at 0.59003
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NZDUSD SHORT POSITIONThe ascending trend line has been broken and a bearish confirmation candle has also been formed.We are waiting for the continuation of the downward trend
NZDUSD - D1\H4NZDUSD
D1 - The price is moving in a downward channel and the 5th wave begins to form after the ABC correction. In continuation of the downward movement, you can wait for the target to the level at W1 - 0.57735
H4 - The price has broken through the lower trend line, forming a 3-wave structure, the target can be expected at the level of 0.59521
What can you expect?
You can consider entering from the current levels of 0.60873 with a target of 0.59521. Also, if you are considering an entry, you can wait for the correction on H4.
Cancel if the price breaks the trend line at D1 - 0.61761.
Short
Target 0.60409 - 0.59919 - 0.59521 - 0.58824 - 0.57735
SELL TRADE SETUP ON NZDUSDHey Trader,
Check this analysis out on NZDUSD
After the FOMC data that simply put Dollar in a more stable state, NZDUSD has successfully retested the previously used Resistance zone (Trendline) and is moving toward the downside as trend continuation, possibly after the break of the flag pattern
Keep a close tab on this one.
Selling NZDUSD Right Now Trend:
H4: Up (Not with the rules but other NZD is looking weak so taking the trade)
D1: Down
Moving Average:
With Daily MA
Opposing H4 MA
Pattern:
Butterfly on M30
Strong resistance at 0.6170
33 pip stop loss.
NZD / USD Shorts The overall trend is bearish, so am looking for the break or the structure and 4h close below the blue zone with a retest and a lower low close on the smaller time frame.
Alternatively I would wait for a pull back and rejection from the top of structure with a 4h close, or a 1h bearish engulfing / double top to take the short back down to the bottom of structure.
NZDUSD LOOKING FOR SELLSNZDUSD looking for sells , respecting the 4Hr bearish trend
NOTE:
1.Risk Management is crucial
2.Money management is your guide
3.Trade responsibly
NZDUSD Head & Shoulder SellHead and shoulder formed on HTF resistance zone, looking for short term sells to next demand/support.
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 to find sellers at market?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6075 will confirm the bearish momentum.
The measured move target is 0.6025.
We look to Sell at 0.6100 (stop at 0.6130)
Our profit targets will be 0.6025 and 0.6000
Resistance: 0.6100 / 0.6115 / 0.6130
Support: 0.6075 / 0.6050 / 0.6025
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.
Will NZDUSD continue in the downward move?NZDUSD - 24h expiry
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6050.
We look to Sell at 0.6125 (stop at 0.6149)
Our profit targets will be 0.6065 and 0.6050
Resistance: 0.6125 / 0.6135 / 0.6150
Support: 0.6100 / 0.6075 / 0.6050
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.
NZDUSD SHORT - POTENTIAL HEAD AND SHOULDER PATTERN!Waiting for a retest at 0.61137 to short NZDUSD back to key 4H level at 0.60554
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NZDUSD SELL | Sell Setup| Short Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity NZDUSD
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