NZDUSD BUYGood afternoon traders!! I hope you all are having a great trading week so far. This is my analysis on NZDUSD!!
Let me know what you guys think so far!!
NZDUSD trade ideas
NZDUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61800 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61800 support and resistance zone.
Trade safe, Joe.
Bearish revrsal?NZD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6171
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6234
Why we like it:
There is a pullback resistance level.
Take profit: 0.6091
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
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NZDUSDNU is struggling between support zones to get great potential to drive to resistance again, this may take a few hours or maybe one day to get this point
NZDUSD SHORTNZDUSD has given multiple bearish indicators started with the H&S pattern at the top of a major resistance zone. This could be an indication of trend reversal. I also observed a bearish triangle pattern that has been broken. The 20 and 200 ema cross is looming and this could be a signal for a big downward move coming with the next few days.
NZDUSD - Technical Analysis [Long Setup]🔹 NZDUSD Analysis on 1HR chart
- The current Trend is Bullish
- Bullish Divergence is Present
- No Reversal pattern
- Waiting for a Break of Structure for Confirmation
🔹 Trade Plan
- Entry Level = 0.61647
- Stop Loss = 0.61072
- TP1 = 0.62223
- TP2 = 0.62802
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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Market Analysis: NZD/USD Trim Gains, Are Bears Back?Market Analysis: NZD/USD Trim Gains, Are Bears Back?
NZD/USD is also moving lower and might struggle to recover above 0.6200.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.6255 resistance zone.
- There is a key bearish trend line forming with resistance at 0.6155 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 0.6255 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6205 against the US Dollar.
The pair settled below the 0.6190 level and the 50-hour simple moving average. Finally, it tested the 0.6125 zone and is currently attempting a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the 0.6254 swing high to the 0.6124 low.
Immediate resistance on the upside is near 0.6150. There is also a key bearish trend line forming with resistance at 0.6155 and the 23.6% Fib retracement level of the downward move from the 0.6254 swing high to the 0.6124 low.
The next resistance is the 50% Fib retracement level of the downward move from the 0.6254 swing high to the 0.6124 low at 0.6190. If there is a move above 0.6190, the pair could rise toward 0.6240.
Any more gains might open the doors for a move toward the 0.6280 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.6125 level.
The next major support is near the 0.6080 zone. If there is a downside break below 0.6080, the pair could extend its decline toward the 0.6050 level. The next key support is near 0.6000.
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.
Kiwi H4 | Potential bullish bounceThe Kiwi (NZD/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6132 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6056 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 0.6236 which is an overlap resistance that algins close to the 78.6% Fibonacci retracement level.
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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.
NZDUSD bullishseems like it wants to push higher from this point as it took out liquidity off in 4hrs time frame. price is giving bullish signs. Wouldnt risk more than 1-2%
NZDUSD Analysis - 2HR Chart😃We’re seeing a clear upward channel formation, with price potentially rising to around the 0.61744 level.
However, a sharp reversal is expected at this resistance point, leading to a significant downside move.
NZD/USD bears not having much luck at .6133NZD/USD bears keep testing .6133 without much success, much like the bulls did earlier this year. If we see another failed attempt today, my inclination will be to buy given the price signal.
Longs could be initiated above the figure with a stop below Monday’s low of .6125 for protection. The price has done a bit of work either side of .61783 recently, making that an initial trade target. I’ve left the former downtrend dating back to the 2021 highs for reference, but above that there’s not a lot of visible resistance until .62537.
To work, Wednesday’s core CPI figure will likely need to print slightly softer than the 0.2% median forecast, but not so cold it sparks concerns about demand. Somewhere between 0.1-0.15% would be useful.
An auction of 10-year US Treasury notes during the session will also have to go off without signs of waning buyer demand, otherwise the prospect of higher yields could work to boost the dollar.
Good luck!
DS
BUY NZDUSD uptrend continuation STOP LOSS : 0.6099BUY NZDUSD uptrend continuation
STOP LOSS : 0.6099
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 0.6164
1st Support: 0.6093
1st Resistance: 0.6232
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Nzdusd Sell position setupPrice gave us a bearish break of structure and an UNMITIGATED SUPPLY ZONE. We have liquidity building below the zone and possibly a reaction will be given during inflation data (CPI) release tomorrow
Manage your risk when taking this trade. Goodluck 🌟
NZD-USD Local Bullish Bias! Buy!
Hello,Traders!
NZD-USD has made a retest
Of the horizontal support
Level of 0.6137 and we are
Already seeing a bullish rebound
So we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
NZDUSD bearish
After the push down the trend lines, the price doesn't have much power to go up and we see that our resistance area has pushed the price down many times and this time it's time to see the New Zealand fall.
NZDUSD bearish momentum starting, catch the train!, 2hrNZDUSD is quite a good pair to trade and a very volatile one at the same time. Its quite dependable at times on solid setups. But previously it was in a very strong bullish trend.
As we know what goes up must come down eventually at some point. The pair firstly gave us a Head & Shoulder trend reversal pattern to indicate that the bullish trend is ending. The pair broke out of the bullish trendline which was at a very strong support level and crossed it. The pair came back to retest the zone, thus giving us a bearish flag continuation pattern that we are going to expect further more selling opportunities.
NZDUSD Bearish Breakout! NZD-USD is going down
And the pair broke the
Key horizontal level
Of 0.61748 which is now
A resistance and the breakout
Is confirmed so we are bearish
Biased now and we will be
Expecting a further move down !
NZDUSDNZDUSD depicting a clean bullish structure .
Currently trading at strong support level and buyers are showing good buying momentum .
NZD CHFNZD CHF is giving signs of reversal from last week sell off. A possible harmonic pattern can be seen if it breaks above point B. Aiming for the target of point D but the price could extend the rally towards range high.
NZD CHFNZD CHF is giving signs of reversal from last week sell off. A possible harmonic pattern can be seen if it breaks above point B. Aiming for the target of point D but the price could extend the rally towards range high.
NZDUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at0.6227, which is an overlap resistance.
Our take profit will be at 0.6162, a pullback support
The stop loss will be placed at 0.6253, which is an overlap resistance level.
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, previously FXCM EU 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.
