NZDUSD will go upHello,Traders!
NZD-USD is trading along trend line
And the pair has already made
A bullish rebound from the
trend line .
We will see a further move up
Buy!
NZDUSD trade ideas
Potential bullish rise?NZD/USD has bounced off the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.5977
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.5913
Why we like it:
There is a pullback support level.
Take profit: 0.6080
Why we like it:
There is a pullback resistance level.
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NZDUSD Short Sell LimitDXY about divertion has been foam ,
sell limit at the point of fair value gap as well as the 50-618 fibo level
i trust on my own analysis , and i did well on my risk management.
staytune.
nzdusd sell 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
Trade idea for NZD/USDLooking at the chart we can see that there was some respect for the levels of the Fibb.
We can see that the price reversed on the 0.618 and then again on the 0.382 level.
What we could do now is trade here and see if we can maybe get some profit to the topside now.
nzdusd sell 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
A valid setup CPI confirmed yesterdayHello everyone, hope we're all doing very well !.
CPI pushed price down to tap the H4 order block which price actually did reject with an H4 hammer candle that adds even more confirmation for the buy.
The SL which is just below the order block is 0.5980 (26 pips)
Entry is just around this place price is but since price has moved already you can enter at the current price (0.6007).
Use proper risk and money management and try not to over-leverage your account.
NZDUSD Is Bullish! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.599.
The above observations make me that the market will inevitably achieve 0.601 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Kiwi H1 | Potential bearish breakoutThe Kiwi (NZD/USD) is falling towards a potential breakout level and could break through this level to drop lower.
Sell entry is at 0.5992 which is a potential breakout level.
Stop loss is at 0.6025 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.5950 which is a pullback support.
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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.
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NZD-USD Potential Long! Buy!
Hello,Traders!
NZD-USD is going down
And will soon hit a horizontal
Support level of 0.5978
From where a local bullish
Rebound will be expected
Buy!
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Check out other forecasts below too!
Did you miss out on the surprise NZD/USD trade? The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, sending the New Zealand dollar plunging by 1% against the U.S. dollar. The move caught markets off guard, as most analysts had anticipated the central bank would hold rates steady until at least its next meeting. Today wasn’t supposed to be the day, but these are the moments traders eagerly anticipate to capitalize on sudden market shifts.
The RBNZ's decision underscores a growing trend among central banks, signaling a potential global shift in monetary policy. This early rate cut hints that central banks may be increasingly focused on fostering economic growth and ensuring a soft landing amid weakening economies. The big question now: Will the Federal Reserve follow suit?
The NZD/USD had been on an upward trajectory for nearly two weeks, but that rally has now reversed. The pair has broken above the 200-day moving average and is nearing the 50-day as well. The key support zone around 0.5850, which has held since last September, could now be in play, with a closer pivot point near 0.5980.
NZDUSD: Market of Buyers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDUSD pair price action which suggests a high likelihood of a coming move up.
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NZDUSD 12:28 14/08/2024Posted this for fun. Was going to do 3 RR but i'm playing it safe with 1.5 again. The was some NZDUSD news recently and it following and I expect price action to reach 0.59 before September. Price is still been following a trendline put on ages ago.
Market Analysis: NZD/USD Trims GainsMarket Analysis: NZD/USD Trims Gains
NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is declining from the 0.6080 resistance zone.
- There is a major bullish trend line forming with support at 0.6010 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.6000 zone. The New Zealand Dollar broke the 0.6035 resistance to start the recent increase against the US Dollar.
The pair climbed above 0.6060 and the 50-hour simple moving average. It tested the 0.6080 zone and is currently correcting gains. The pair corrected lower below the 0.6060 level. The pair also traded below the 50% Fib retracement level of the upward wave from the 0.5988 swing low to the 0.6081 high.
The NZD/USD chart suggests that the RSI is now well below 50 and signaling more downsides. On the downside, there is major support forming near 0.6010 and a trend line.
The trend line is close to the 76.4% Fib retracement level of the upward wave from the 0.5988 swing low to the 0.6081 high. The next major support is near the 0.5990 level.
If there is a downside break below the 0.5990 support, the pair might slide toward the 0.5980 support. Any more losses could lead NZD/USD in a bearish zone to 0.5950.
On the upside, the pair might struggle near 0.6035. The next major resistance is near the 0.6060 level. A clear move above the 0.6060 level might even push the pair toward the 0.6080 level. Any more gains might clear the path for a move toward the 0.6200 resistance zone in the coming days.
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 Is Looking For A Bigger RecoveryLooking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can recover the price back to the upper triangle line. Wave A looks to be finished after RNBZ delivers surprise 25 BPS rate cut to 5.25% today, so seems like it’s now making a pullback in wave B that can retest 0.59x support area before a continuation higher for wave C towards 0.61 – 0.62 resistance zone.
NZD/USD Plunges Following RBNZ DecisionNZD/USD Plunges Following RBNZ Decision
The exchange rate fell by 1.1% after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25% and signalled further easing.
According to RBNZ Governor Adrian Orr:
→ Inflation is returning to the target range, and the bank may begin normalising rates;
→ Several scenarios were considered, and consensus was reached for a 25 basis point rate cut;
→ Forecasts indicate that New Zealand is moving towards a period of low and stable inflation;
→ The economy is meeting expectations, although high-frequency data show some weakening.
The rate cut decision was somewhat unexpected, as the RBNZ had previously forecast that the rate-cutting cycle would start later. This has resulted in increased volatility in the NZD/USD chart today.
According to technical analysis of the NZD/USD chart:
→ In August, the price formed an ascending channel (shown in blue);
→ Yesterday, a bearish Double Top pattern emerged above the upper boundary of the channel—this was a warning signal for bulls, considering that the RSI indicator was in overbought territory;
→ The RBNZ decision pushed the price to the channel’s median, which is acting as support.
It is possible that the median may be breached by bears and the decline could continue. If so, support may be anticipated at the psychological level of 0.600 and the 0.598 level, which acted as resistance in early August before switching roles.
Much of the future direction of the NZD/USD rate will depend on news from the US: today, at 15:30 GMT+3, the Consumer Price Index (CPI) figures will be released.
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.
NZD/USD Possible Rebound#trading_idea #NZDUSD 💡
#NZDUSD - Possible Rebound Up
On the 4H chart, we see a sharp drop in the pair following the Reserve Bank of New Zealand's decision to cut the key cash rate and signal more cuts ahead, catching some market participants off guard. The price is still trading within an uptrend channel and is currently testing the lower boundary as well as a strong support level at 0.6001. The MA(100) remains below the price, while the RSI is nearing oversold zone.
🔼We may see a rebound from the 0.6001 support, with a possible further rise to resistance 0.6036.
🔽Otherwise, a slide to support 0.5979 is likely.
🔴 Click "👍" if you think the price will rebound and "👎" if you think it will fall.
SIMPLE STRATEGY Simply from the above...price reacted downwad to the 4hrsorderblock and a good resistance zone ...sells can be safely taken from the new 15min ORDERBLOCK after a CHOCH to the downside........💀💀💯
NZD/USD looking bullish before RBNZ rate decisionNZD/USD has reversed the downside break sparked by US recession fears, smashing through the downtrend it had been trading in since early June on Tuesday. With RSI and MACD providing bullish signals on momentum, risks are skewing towards further gains ahead of today’s RBNZ interest rate decision.
While economists are evenly split on whether the bank will cut rates by 25 basis point, I’m with market pricing that marginally favours a reduction in the cash rate to 5.25%. If that eventuates, we could see the Kiwi pull back initially. However, it will be the rate track path from the RBNZ that will likely drive direction beyond the actual decision, providing clues as to how fast and much the RBNZ expects it will have to cut rates this cycle.
Whatever that indicates, NZD/USD finds itself back at the 50-day moving average, a level it has often respected over the course of this year. That creates a great setup opportunity depending on how the Kiwi performs post RBNZ.
Buy a break above the level with a stop below for protection, targeting a push towards .6150. Alternatively, if the price can’t break or hold above the 50DMA, sell below the level with a stop above for protection. .6050 would be one target with .5985 after that. Good luck!
DS
NZDUSD Have Formed A Decent Down Trend Align With USD StrengthHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area.
Trade safe, Joe.
NZDUSD Bearish ? Bullish ?if respects the Internal green trend line a Positive up move possible! if not then the down fall is for sure! Let us see ! Have profitable Trade !
