NZDUSD Potential DownsidesHey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.60800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60800 support and resistance area. Trade safe, Joe.Shortby JoeChampionPublished 6634
Press Kiwi Further As Inflation CoolsFundamentals & Sentiment NZD: - Data: CPI along with prior recent data are dovish - RBNZ: "there's a scope for further cuts..." USD: - Fed: Cautious approach to cuts - Data: mixed - Bullish CFTC Technical & Other - Sell limit Setup: TC(B) Setup timeframe: 4h Trigger: 1h Medium-term: Down Long-term: Range Min target: Next support Stop loss: 0.33% Position size: 0.5R Shortby Cherry94Updated 221
NZDUSD Outlook: Slight Bullish Bias on October 18, 2024Key Drivers Behind the Bullish Sentiment on the New Zealand Dollar (NZDUSD) The NZDUSD pair is showing a slight bullish bias on October 18, 2024, driven by a combination of fundamental factors and the latest market conditions. The New Zealand Dollar (NZD) has been gaining ground against the US Dollar (USD) in early trading, supported by improving domestic economic data and a shift in global risk sentiment. Below are the key drivers contributing to the upward momentum in NZDUSD today. 1. Improved New Zealand Economic Data One of the primary factors supporting the NZDUSD’s bullish bias is the release of stronger-than-expected New Zealand economic data. Recent GDP figures and labor market reports have indicated a healthier-than-expected recovery, particularly in sectors like agriculture and tourism, which are critical to the country’s economy. The positive data has boosted investor confidence in the New Zealand economy, leading to increased demand for the NZD. 2. Risk-On Sentiment in Global Markets A risk-on sentiment in global financial markets has also contributed to the NZD's strength. As a high-beta currency, the New Zealand Dollar tends to perform well in periods of risk appetite. Global equity markets have been relatively stable, and there has been a broad move towards riskier assets, reducing demand for safe-haven currencies like the USD. This has allowed the NZD to benefit from higher risk tolerance among investors today. 3. Weaker US Dollar (USD) The US Dollar has been under pressure today as traders reassess the Federal Reserve’s monetary policy outlook. Recent commentary from Fed officials has indicated a potential slowdown in the pace of interest rate hikes as inflation shows signs of cooling. The prospect of a more dovish Fed has weakened the USD, giving the NZDUSD pair room to rise. Additionally, a softer dollar makes NZD-denominated assets more attractive, providing further upside for the pair. 4. Commodity Prices Supporting the NZD New Zealand’s economy is heavily reliant on commodity exports, particularly dairy and agricultural products. Today, commodity prices are showing some resilience, further supporting the NZD. As a commodity-linked currency, the NZD often follows the price movements of key exports, and recent strength in these markets is bolstering demand for the currency. This is a positive factor in today’s market conditions, giving the NZDUSD pair a slight bullish edge. 5. Technical Analysis: NZDUSD Holding Above Key Support Levels From a technical perspective, NZDUSD is holding above key support levels near 0.5850, signaling a potential continuation of the upward trend. The pair has formed higher lows, and the bullish momentum is supported by the Relative Strength Index (RSI), which indicates a slightly bullish bias. If the pair manages to stay above this support level, traders could see further gains toward the next resistance around 0.5900. Conclusion: NZDUSD Faces Slight Bullish Bias Today With stronger New Zealand economic data, global risk-on sentiment, a weaker US Dollar, and resilient commodity prices, NZDUSD is expected to maintain a slight bullish bias on October 18, 2024. Traders should monitor key resistance levels and any potential shifts in market sentiment that could alter the dynamics of the currency pair. SEO Keywords: NZDUSD, New Zealand Dollar forecast, NZDUSD outlook, NZDUSD analysis, New Zealand economic data, NZDUSD technical analysis, bullish NZDUSD, October 18 2024 NZDUSD, forex trading strategy, New Zealand Dollar vs US Dollar, NZDUSD price prediction, risk-on sentiment NZDUSD, commodity-linked currencies, US Dollar weakness NZDUSD, forex market outlook.Longby PERFECT_MFGPublished 443
NZD/USD +70 Pips 0 Drawdown , New Entry Valid After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.Short01:20by FX_Elite_ClubPublished 2211
Nzdusd descending triangle.Price formed a descending triangle, we wait for breakout of either side.by makindetoyosi2Published 332
Kiwi H1 | Heading into resistanceThe Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6070 which is a multi-swing-high resistance. Stop loss is at 0.6089 which is a level that sits above the 61.8% Fibonacci retracement level and a swing-high resistance. Take profit is at 0.6038 which is a swing-low support. 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. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short02:54by FXCMPublished 112
#NZDUSD: On the Way to Yearly High! EURNZD Price rejected at the major key level at 0.6360, where it had been rejected six times previously, showing a strong hold at that level. Since the price has dropped, we are now expecting a bullish reversal at 0.60. A great entry at that level can get you 700 pips in the long term. Good luck!Longby Setupsfx_Published 171752
NZDUSD 4H long watchlistIt's a quiet week no trades yet, but that's a good thing. That means also no losses are taken. So my decision-making ability to spot only good quality trades for my system works. NZDUSD 4H long is on only thing that caught my attention and I will explain why. First thing what I always want to see a long clean downtrend breaking support. It's hovering arround that level so that's good. Second thing consolidation pattern with a couple of fakeouts. The last deep red candle pierced deeper than the rest. So that indicates price is looking for liquidity to move up again. What's also really nice after the deep red candle we see some small indecision candles. The only thing what needs to happen now is one medium to strong bullish candle I draw it on the charts as example. That's enough reason for me to enter. If not I skip the trade with no problem :) Longby FX-DiariesUpdated 117
Market Analysis: NZD/USD Could Recover In Short-TermMarket Analysis: NZD/USD Could Recover In Short-Term NZD/USD could gain bullish momentum if there is a clear move above the 0.6090 resistance. Important Takeaways for NZD/USD Analysis Today - NZD/USD is attempting a recovery wave above the 0.6050 resistance. - There was a break above a major bearish trend line with resistance near 0.6075 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6120 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6100 against the US Dollar. The pair even dropped below the 50-hour simple moving average and tested 0.6080. A low was formed near 0.6039 and the pair is now attempting a fresh increase. It is back above the 0.6050 level and the 50-hour simple moving average. Besides, there was a break above a major bearish trend line with resistance near 0.6075. On the upside, the pair is facing resistance near the 50% Fib retracement level of the downward move from the 0.6119 swing high to the 0.6039 low. The next major resistance is near the 76.4% Fib retracement level of the downward move from the 0.6119 swing high to the 0.6039 low at 0.6100. If there is a move above 0.6100, the pair could rise toward the 0.6120 resistance. Any more gains might open the doors for a move toward the 0.6150 resistance zone. On the downside, immediate support on the NZD/USD chart is near 0.6045. The next major support is near the 0.6000 zone. If there is a downside break below 0.6000, the pair could extend the decline toward the 0.5965 level. The next key support is near 0.5940. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpenPublished 116
NZDUSD ready to go up after failing to make new lows?NZD/USD has experienced a decline of 5.12% since 27 September, establishing a bearish trend line on the 4-hour chart. However, on 10 October, the pair began to break out of this bearish trend line, signalling a potential pause in the prevailing bearish momentum. On 15 October, NZD/USD retraced, forming a double bottom pattern on the 4-hour chart. Notably, the price was unable to breach the previous support level of 0.6050, suggesting stabilisation in the market. The Relative Strength Index (RSI) indicated a value of 21.06 on 24 September. By 15 October, the RSI had risen to 34.10, demonstrating higher lows in the RSI while the price made lower lows — a condition that characterises classical bullish divergence. CPI Data and Its Impact From a macroeconomic perspective, the release of the Consumer Price Index (CPI) data came in lower than expected (0.6% actual versus 0.7% forecast), which tends to be negative for the NZD and that is what caused the downward movement on October 15th. However, since the price failed to break below the previous low, this shows that the selling force is currently showing signs of exhaustion. Key Elements to Consider: 1. Significant downward movement since 27 September, resulting in a depreciation of over 5% in NZD/USD. 2. RSI reading below 30 on 10 October, suggesting exhaustion of the selling momentum. 3. Breakout from the downtrend line on the 4-hour chart. 4. Formation of a double bottom pattern on the 4-hour chart. 5. Classical bullish divergence is observed on the 4-hour chart. Potential for Ascendancy Given the above elements, if NZD/USD manages to surpass the 0.6090 level, it is likely that the currency pair will ascend towards the 0.6160 region within the coming days, where it may face temporary resistance. A Bullish Turn on the Horizon? In conclusion, while recent indicators and patterns suggest a potential bullish reversal for NZD/USD, traders should remain cautious of external factors that may influence market dynamics. As always, close monitoring of price action and macroeconomic developments will be key in navigating this trading opportunity. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.Longby MarketscomPublished 118
NZDUSDAccording to the waves analysis we can expect that price rise again to the green zone Longby jalalnfPublished 225
NZDUSD: Bullish Sentiment Backed by Math and History!Why Use Probabilities? In trading, probabilities help us make informed decisions based on mathematical rules and historical data. By analyzing past price movements and market behavior, we can identify patterns that suggest potential future outcomes. This approach allows us to assess the probability of reaching Take Profit Levels. Utilizing probabilities means I'm not just guessing; I'm relying on statistical evidence to position myself effectively in the market. This strategy helps manage risk and increases confidence in my trades, making it easier to navigate the uncertainties of forex trading. Let's dive in: 12M: 2W: 6H: Longby Jasminex1x2Published 116
NZD/USD Rebounds, But Caution Remains Ahead of US Economic DataThe NZD/USD pair rebounded today from a key demand area, but caution remains among traders as critical US economic data looms. The upcoming reports for USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims are expected to inject volatility into USD-correlated currency pairs, particularly affecting both EUR/USD and NZD/USD. These data points are crucial for assessing the strength of the US economy, and stronger-than-expected results could further support the US Dollar (USD), applying downward pressure on other currencies like the euro and the New Zealand Dollar (NZD). China's Economic Data in Focus for NZD In addition to US developments, market participants are likely to remain cautious ahead of key economic data from China, New Zealand’s top trading partner, scheduled for release on Friday. The upcoming GDP and Retail Sales figures will be closely monitored, especially after the recent disappointment in China’s CPI and PPI numbers. Weak results from China could have negative implications for the NZD, given New Zealand’s heavy reliance on trade with China. The New Zealand Dollar has faced additional challenges, as China's recently announced fiscal stimulus measures have failed to lift market sentiment. Investors remain uncertain about the scale and impact of the stimulus package, further weighing on the outlook for the NZD. USD Strength and Federal Reserve Outlook Meanwhile, the US Dollar has found support from strong labor and inflation data, which has tempered market expectations for aggressive easing by the Federal Reserve (Fed). According to the CME FedWatch Tool, there is currently a 92.1% probability of a 25-basis-point rate cut in November, with little to no expectation of a larger 50-basis-point reduction. This has kept the USD resilient, further limiting the upside potential for the NZD/USD pair. Technical Outlook and Market Sentiment From a technical standpoint, while the NZD/USD has seen a rebound, the Commitment of Traders (COT) report reveals that retail traders remain bearish on the pair, whereas smart money has started increasing their positions. In addition, our forecast suggests a potential shift toward a bullish seasonality for the NZD, though market conditions remain uncertain. Given the importance of today’s US economic data, we are adopting a patient approach, waiting for the news release before considering any entries. Stronger-than-expected US figures could dampen the outlook for the NZD, while weaker data may present opportunities for the NZD to regain strength. In conclusion, while there are signs of a potential bullish trend emerging for the NZD/USD, the combination of ongoing USD strength and upcoming key economic releases from both the US and China makes it necessary to remain cautious in the near term. Patience will be key as we await further developments in the market. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.by FOREXN1Published 119
NZDUSD: One More Bearish Confirmation 🇳🇿🇺🇸 Earlier this week, I already predicted a bearish movement on NZDUSD. I spotted one more bearish confirmation today. This time, the price formed a symmetrical triangle pattern on a 4H time frame. Its rising support was broken. I think that the price may drop lower. First goal - 0.604 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTraderPublished 1111
NZDUSD Longs - Channel bottom and mean reversion?So we've hit the bottom of a channel here and it's been a hard fall down, I think it's time for longer term longs, great risk reward entry point right now. Longby CromerKingPublished 5
NZDUSD ChartNZDUSD Chart There is Bearish trend. Now, bullish divergence formed also have the Bullish falling Wedge Reversal pattern. So, will take buy entry at the breakout of last LH.Longby AlamdarHaiderPublished 5
NZDUSDWe're experiencing an extended bearish move on this pair for quite some time now and price's been consolidating, I do expect a correction upward say 38.2 or 50% FIB before the continuation of the bearish move. CheersShortby PinnaclesfxPublished 4
Trading NZD/USD? Consider These Factors In Your Plans..Currently, Markets are changing from near to long term risk sentiment. Focusing mainly on the lowering of rates across the board of global economies, the Markets for many correlated pairs have drifted somewhat sideways. Any sudden change in sentiment (risk wise) often causes a skew in this, as we have seen from some recession fear/risk off sentiment previously. Due to US strength post jobs/retail sales (slower easing, potentially) we are now seeing a further decline in the NZD/USD. Any news on external market fears likely will sink the NZD further, at this point Markets are mostly relying on FED sentiment. I would not be shocked if we get back to the Lower TL within current trajectory. I am out of shorts, and holding off any serious longs until previous lows (based on sentiment at the time). The weakness we can see at the moment is clear as you have no real momentum coming from Antipodeans. I would only consider new shorts on reasonable pushes to the upside and key local resistance. Awaiting any major FED sentiment RE rates/easing.by WillSebastianPublished 3
The Kiwi has a strong bearish momentum, could it fall further?The price is rising towards the pivot which acts as a pullback resistance and could fall to the the 1st support level which is a pullback support. Pivot: 0.6127 1st Support: 0.6051 1st Resistance: 0.6174 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Editors' picksShortby ICmarketsPublished 33136
NZDUSD_4Hhello New Zealand dollar analysis Elliott wave analysis style In the medium term time frame The market is at the end of the fall and in the 5th wave of decline, which is a trading position where the last fall can be considered in the range of 0.60000, and after completing the fall, it will enter an upward wave and correct upwards towards the number 0.62062.Longby ElliottwaveofficialPublished 4
NZD/USD Giving An Amazing Bearish P.A , Short After D Closure ?we have a very good bearish price action but we need a daily closure below our daily support and if we have a closure below we will sell it when the price back to retest the broken support and we will targeting the old buying area and we will buy again from there . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.Shortby FX_Elite_ClubPublished 2214
NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad Longby TheGroveUpdated 7716