Low Risk TradeI see this setup as a low risk trade - stop loss can even be extended to historic lowest
We can wait for higher low entry
RSI confirmation (oversold indication is already there)
Volume is good
NZDUSD trade ideas
NZDUSD Swing Long Yet?A small inflow on risk currencies this morning as we close out 2024 is giving rise to the question of a longer term swing formation and its validity.
GBP/USD Short, EUR/GBP Short and NZD/USD ShortGBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/GBP Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
NZD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZDUSD Swing tradingWe're approching our zone of interest, if the price wil bounce we're gonna look for buys with Targets 0.5736; 0.5783. If we break the support we're gonna look for sells with final target 0.5366
Keep up to date!
NZD/USD LONGLong NZD/USD is supported by technical analysis based on key indicators that suggest a potential reversal or bounce in the price. On the 4-hour chart, the price is showing signs of consolidation after a long downtrend, with a favorable setup for a recovery.
The Alligator moving averages are still bearish, but the price is starting to consolidate near the lower level, suggesting a possible weakening of the bearish pressure.
The indicator below is showing a reversal from the oversold level (-50), with a positive bias, signaling a potential resumption of buying by the market.
Support and Resistance: The support level at 0.5700 has held so far, while the target area is visible near 0.5740-0.5760, indicating a reasonable profit window. The stop loss has been placed below the recent low to manage risk.
These elements suggest that the price may attempt a bounce in the short term. However, it is essential to carefully monitor the confirmation of the trend through a breakout of key levels and increasing volumes.
Buy nzdusdPrice successful break the current support which is now a resistant, let wait for it to reach the immediate resistant and buy
NZDUSD 15mThis analysis comes from the new indicator I have coded recently. As shown on the chart, I anticipated a reaction at the red box 5m OB, with a target price at the green box 5m OB.
The reason is that, on the 5-minute chart, the supply zone was converted to a demand zone and broke the recent high. Pay attention: confirmation is required before entering the position.
NZD/USD 4H Timeframe AnalysisNZD/USD 4H Timeframe Analysis
Trend Analysis:
The NZD/USD pair is currently in a downtrend, having broken below the major key support level at 0.57800. Sellers pushed the price further down, reaching the next minor key support level.
Following this move, a doji candlestick formation appeared, signaling indecision in the market. This was followed by a bullish engulfing candle, which suggests a potential reversal. However, due to the strong bearish pressure, the price is now consolidating between the two minor key levels.
Price Action Expectation:
The strategy focuses on identifying a liquidity grab below the minor key support level before continuing with the downtrend.
Wait for the price to break below the minor key support and accumulate seller orders below the key area.
Anticipate a manipulation stage where the price moves up temporarily to hunt stop-loss orders placed by sellers in the liquidity zone.
Wait for the price to resume the downtrend with another breakdown below the minor key support level.
Trade Setup:
Place a sell stop order at 0.56130 to confirm entry upon the second breakdown.
Stop Loss: Set at 0.56560, above the liquidity zone for risk management.
Take Profit: Target 0.54690, yielding a favorable 1:3 risk-to-reward ratio.
Key Levels to Monitor:
Major Support: 0.57800
Minor Support: 0.56130
Target Support: 0.54690
Additional Considerations:
Look for a clear rejection or bearish candlestick pattern after the liquidity grab.
Monitor volume levels during the breakdown to confirm selling pressure.
Stay cautious of fakeouts and ensure proper risk management.
Conclusion:
NZD/USD remains bearish as it consolidates within the minor key levels. A confirmed breakdown below 0.56130, following a liquidity grab, would signal the continuation of the downtrend. Targeting 0.54690 provides a compelling 1:3 risk-to-reward ratio, making this a high-probability setup.
nzdusd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.56300 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.56300 support and resistance area.
Trade safe, Joe.
NZD/USD Stabilises Ahead of the HolidaysNZD/USD Stabilises Ahead of the Holidays
Forex trading is slowing down as the holidays approach, offering a pause after significant movements driven by various news events, including central bank decisions.
Notably, NZD/USD reached its lowest level since October 2022 at the end of last week.
The decline in NZD/USD has been influenced by two main factors:
1. The dollar gained momentum following the Federal Reserve's decision to lower the interest rate by 0.25% and its forward guidance for 2025.
2. According to Reuters:
→ New Zealand's economy contracted much more sharply than expected in the second and third quarters.
→ Market participants anticipate that the Reserve Bank of New Zealand may lower interest rates by 0.5% in February.
Technical analysis of the NZD/USD 4-hour chart depicts a bearish outlook:
- The 0.58 level, which served as support in November, turned into resistance in December.
- The price is currently hovering near the lower boundary of a descending channel that has been in place since October.
- The RSI indicator signals that the market is approaching oversold conditions.
While bears may attempt to extend the downtrend by pushing the price below last week’s low, this could create a divergence pattern on the RSI indicator, offering hope for a potential bullish reversal.
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.
NZDUSD BUYSwait for price to come to the OB. But during periods like this market tend to be slow. Lets see how it goes
nzdusdnzdusd accelerated its decline by breaking the falling trend channel last week. Now it is forming an inverted flag formation. After the formation is completed, our target will be 0.55130.
NZDUSD - Short + medium term direction predictionHigher Timeframe trend = Sell
Retail trader bias = Buy
Institutional bias = Sell
Short term target = retail trader stoploss zone
I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades.
Also keep in mind that I am only providing my own SUBJECTIVE potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter that are part of your own plan.
S : -9
C : 15,85 - 56,44
R : 75-25
Buy nzdusdStrong bullish coming
Daily , weekly oversold already
Just wait to sweep low then enter into buy
NZDUSD BuyA bullish trend combined with a break and retest in confluence with a Fibonacci golden zone area could see a push to the upside
NZD-USD Growth Ahead! Buy!
Hello,Traders!
NZD-USD is falling down
But the pair is locally
Oversold and as we are
About to see a horizontal
Support retest soon
Around 0.5500 level we
Will be expecting a
Swing bullish correction
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NZDUSD M15 OUTLOOK (23/11/2024)The chart anticipates a retracement into the FVG and POI zone, followed by a possible continuation toward lower BOS levels.
NZD/USD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
NZD/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.575 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZD_USD SWING LONG|
✅NZD_USD is set to retest a
Strong support level below at 0.5550
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 0.5729
LONG🚀
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Bband_strategyWhen price goes back from the bottom line of the bad, go long, wait until it gets back to the middle line, this should be a 7/10 chance to win
