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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

NZDUSD SELLI'm risking of my trading capital on this trade. My stop loss is placed above a recent swing high to limit potential losses in case the trade goes against me. I'll consider scaling out of the position or trailing my stop loss as the trade progresses in my favor. Trade Update: I'll provide updates on the trade as it develops, including any adjustments to the stop loss or take profit levels. Disclaimer: This is not financial advice. Always do your own research before making any trading decisions. Trading carries risks, and it's possible to lose more than your initial investment.
Short
by gustfx
1
Lingrid | NZDUSD opportunity to SHORT from RESISTANCE zoneThe price perfectly fulfills my last idea. It hit the target level. FX:NZDUSD is currently making lower lows after breaking out of the range zone, indicating a bearish trend. I believe the price could decline further if it experiences a false breakout at the resistance zone and the channel boundary. Additionally, the market has created a bearish divergence on the 1H timeframe. Notably, the price has risen above the psychological level of 0.6000, but I anticipate it may drop below this level, potentially creating a false breakout on the weekly timeframe. My target is support at 0.59630 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
NZDUSD - Top Down Analysis (ICT)Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower. We could see a weak close lower and then more aggressive action on PPI and CPI next week. Again, this is under the assumption that my bias of price wanting to go for the SSL first is correct. - R2F
Short
by Road_2_Funded
2
NZD Outlook: ANZ’s Forecast for Next Week NZD Outlook: ANZ’s Forecast for Next Week ANZ anticipates that the Reserve Bank of New Zealand (RBNZ) will maintain its current interest rates at the August 14 meeting but may signal potential rate cuts before the year ends. Although ANZ estimates a small 10-15% chance that the RBNZ might shift to an easing bias during this coming meeting. Markets are currently pricing in 89 basis points of cuts by November 2024 and 222 basis points by November 2025. However, ANZ is cautioning against expecting such drastic moves and that markets could be disappointed with this reflected in market volatility if the RBNZ doesn't deliver. A key level to watch on the downside is April’s low which has twice served as a support level in recent weeks, rebuffing sellers. NZD/USD is currently moving higher, nearing the 100 SMA on the daily chart. The Relative Strength Index (RSI) suggests that momentum remains strong, with the potential for a softer unemployment claim report from the US influencing the pair’s short-term direction.
by BlackBull_Markets
1
NZD/USD: Key Levels to Watch in a Critical Downtrend✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the NZD/USD pair in the Forex market. 🗂 About the Pair: The NZD/USD represents the exchange rate between the New Zealand Dollar and the U.S. Dollar. This pair is influenced by factors such as interest rate differentials, commodity prices (notably dairy and gold), and broader risk sentiment in global markets. 📊 Weekly Timeframe Analysis In the weekly timeframe, the NZD/USD has been trading within a downward trend, as evidenced by the descending trendline that has been acting as resistance. The price is currently hovering around 0.5997, with a significant resistance level at 0.6154 and strong support around 0.5877. Bullish Scenario: If the price can break above the 0.6154 resistance, we could see further upside potential, with the next target around 0.6533. Bearish Scenario: On the downside, if the price fails to hold the 0.5877 support level, it may continue to decline towards the 0.5545 region. Volume remains moderate, suggesting that a significant move could be impending, depending on the upcoming price action around these key levels. 📊 Daily Timeframe Analysis On the daily chart, NZD/USD has been consolidating within a narrow range between 0.6038 and 0.5877. The 35 SMA is currently at 0.6004, acting as immediate resistance. Bullish Scenario: A break above the 0.6004 level and the trendline resistance could push the price towards the 0.6184 and possibly 0.6367 levels. Bearish Scenario: A rejection at these levels could see the pair retesting the 0.5877 support, with a potential move lower to 0.5801. The pair's struggle to maintain momentum above the 35 SMA suggests that bearish pressures may still be in play, though a decisive break could shift the trend. 📊 4-Hour Timeframe Analysis In the 4-hour timeframe, the pair has recently bounced off the 0.5877 support level and is testing the 0.6039 resistance level. Bullish Scenario: If the price breaks and closes above 0.6039, the next resistance would be at 0.6213. Bearish Scenario: A failure to break above 0.6039 could lead to a pullback towards the 0.5877 support zone. The RSI is currently showing signs of strength, hovering around 57.2, indicating that there is some bullish momentum in the shorter timeframes. 📊 RSI Oscillator The RSI across all timeframes indicates mixed conditions: Weekly: RSI is around 46.42, signaling a neutral stance. Daily: RSI at 50.18, indicating equilibrium between buyers and sellers. 4-Hour: RSI at 57.20, showing a slight bullish momentum. These RSI readings suggest that the NZD/USD pair is in a state of indecision, with a slight bullish bias in the short term. 📉 Conclusion Given the current market conditions, the NZD/USD pair is at a critical juncture. The key levels mentioned will be essential in determining the pair's next move. Traders should watch for a breakout or breakdown from the current consolidation zones to confirm the next directional bias. ⚠️ Please note that this is not financial advice. I'm simply introducing this pair to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
by itsparham96
5
NZDUSD My Opinion! SELL! My dear followers, I analysed this chart on NZDUSD and concluded the following: The market is trading on 0.6000 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.5932 Safe Stop Loss - 0.6047 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Trading NZDUSD | Judas Swing Strategy 06/08/2024Every trader relishes ending the trading week positively, and that was precisely our experience last week. The Judas Swing strategy produced two trades, one on EURUSD and the other on GBPUSD, both of which turned out being winners. This positive experience has heightened our excitement for the possibilities that this week may bring. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone After 25 minutes, there was a sweep of liquidity at the low of the zone, indicating we will be looking for potential buying opportunities this trading session. Following the liquidity sweep, there was a break of structure (BOS). Now, we simply need to wait for price to retrace into the fair value gap (FVG) that was created before entering a buy position. The subsequent candle entered the Fair Value Gap, indicating that upon its close, we could execute our trade as all the prerequisites for entry on our checklist were satisfied. This position barely experienced any drawdown, as it became profitable 25 minutes after executing the trade. We risked a mere 1% of our trading account, aiming for a 2% return from this trade. All that remained was to wait patiently, having already accepted the outcome of our trade, be it a win or a loss. Based on the data collected for NZDUSD, we anticipate an average trade duration of six hours and fifteen minutes. After 45 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on NZDUSD, resulting in a 2% gain from a 1% risk on the trade.
by CleoFinance
NZDUSD Will Move Lower! Sell! Please, check our technical outlook for NZDUSD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.600. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.593 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDUSD H4 I Bullish reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.5976, which is a pullback support Our take profit will be at 0.6038, which is a pullback resistance level close to 78.6% Fibo retracement. The stop loss will be placed at 0.5913, which is an overlap support 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. 68% 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. 73% 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.
Long
by FXCM
1
NZDUSD Sellers In Panic! BUY! My dear followers, I analysed this chart on NZDUSD and concluded the following: The market is trading on 0.5917 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.5953 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
NZ dollar surges on strong employment dataThe New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand’s labour market has been cooling off due to elevated interest rates and the markets were braced for a soft jobs report for the second quarter. Instead, job growth rebounded and unemployment was lower than expected, sending the New Zealand dollar sharply higher. Job growth expanded by 0.4% in the second quarter, up from -0.2% in Q1 and above the market estimate of -0.2%. The unemployment rate rose from 4.4% to 4.6%, a notch under the market estimate of 4.7%. This is the highest level since Q1 of 2021 but investors were pleased that it was lower than expected. The positive employment report has reduced market expectations of a rate cut from the Reserve Bank of New Zealand, which has driven the New Zealand dollar sharply higher today. Inflation has fallen to 3.3%, its lowest level in three years and close to the upper level of the central bank’s target range between 1% and 3%. A weak employment report could have cemented a rate cut at next week’s meeting but the job data was better than expected, which will complicate the rate decision. The final tier-1 release before the August 14 meeting is Inflation Expectations on Thursday. This indicator is closely followed by the central bank and will be a factor in the rate decision. Inflation Expectations has been on a steady downtrend and is expected to ease to 2.33% in the second quarter, compared to 2.5% in the first quarter. NZD/USD is testing resistance at 0.6009. Above, there is resistance at 0.6061 There is support at 0.5934 and 0.5882
by OANDA
Bullish sentiment on NZDUSDMy bullish sentiment on NZDUSD is back by the following confluences as with the use of Supply and Demand strategy. *) Market structure(BoS) *) Order-block *) Imbalance *) Liquidity(Entry liquidity) and if price goes as I’m expecting the higher high that may possibly lead to the retracement of price back to my POI will then become my Take profit liquidity(TP1) Note: the market is all about probabilities and that also makes my analysis a probability as well.
Long
by MeekBosslife
1