nzdusd bearishnzdusd has been in free fall for the last 3 days and has tried to hold on to its support at 0.6210 but failed. This decline will continue until 0.6160. I have indicated the entry sl and tp zones on the chart.
NZDUSD trade ideas
Potential bullish rise?NZD/USD is reacting off the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 0.6209
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss: 0.6154
Why we like it:
There is an overlap support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.6259
Why we like it:
There is a pullback resistance level.
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NZDUSD H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6260, which is a pullback resistance
Our take profit will be at0.6157, an overlap support level close to 78.6% Fibo retracement
The stop loss will be placed at 0.6372, above the swing-high resistance level.
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Kiwi breaking down as US economic data heats upNZD/USD is breaking down, slicing through uptrend support on the daily chart as we head towards nonfarm payrolls. With momentum indicators providing bearish signals, selling rallies and breaks is preferred near-term.
If we see a push back towards the former uptrend today, consider selling with a tight stop above for protection against reversal. Potential downside targets include .6157, the 50DMA and .6109 where the price bounced strongly from on September 11.
While the payrolls report could generate any number of market reactions depending on the prevailing narrative, give the threat posed by an escalation in geopolitical tensions over the weekend, riskier currencies such as the Kiwi may struggle for meaningful upside in the current environment.
Good luck!
DS
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
Price action looks to be forming a top.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6200 will confirm the bearish momentum.
We look to Sell at 0.6240 (stop at 0.6270)
Our profit targets will be 0.6180 and 0.6175
Resistance: 0.6225 / 0.6240 / 0.6250
Support: 0.6200 / 0.6180 / 0.6175
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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NZDUSD BUYBuy NZDUSD now as it rests on trend line support. Inverse head and shoulder seems to have formed. This pair is ready to turn bullish.
Sell nzdusdOur first analysis already 100 + pips now
H4 trend broken clearly
Now swift landing to the ground straight
NZD/USD Bears Target Deeper Correction Amid US Dollar StrengthIn the daily time frame, ERRANTE:NZDUSD has entered a corrective phase following a significant uptrend that began in mid-July. After climbing steadily, the pair is now showing signs of weakness, as sellers attempt to capitalize on the recent reversal.
The ERRANTE:NZDUSD pair is facing strong selling pressure as the US dollar gains strength, with sellers eyeing deeper support levels at 0.62175 and 0.61996. A sustained break below these levels could lead to further declines toward 0.61739 and potentially 0.61257.
However, a break above 0.62518 would shift the outlook and set the stage for a recovery toward 0.63148 and beyond.
Traders should remain alert to key US economic data releases, as any surprise in the jobless claims or ECONOMICS:USBCOI ISM non-manufacturing PMI could lead to significant moves in the pair. The path forward for NZD/USD remains dependent on the balance between Fed policy expectations and global risk sentiment.
Read the full article here: erranteacademy.com
Kiwi H1 | Falling to 61.8% Fibonacci supportThe Kiwi (NZD/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6217 which is a multi-swing-low support that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 0.6195 which is a level that lies underneath the 61.8% Fibonacci retracement level.
Take profit is at 0.6254 which is a pullback resistance.
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.
NZDUSD - Short TradeOn Monday (beginning of the new week) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
As a target, I prefer the opposite liquidity level
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Keep it simple and consistent! =)
NZDUSD IDEAThe strong support zone at 0.6225-0.6244 suggests a possible upward move. Traders may expect a price reaction leading to a bullish push toward the 0.6379 resistance zone, which is a previous high and an area where liquidity may reside.
OANDA:NZDUSD
Potential bullish reversal?The Kiwi (NZD/USD) is falling towards the pivot and could reverse to the 1st resistance level which is an overlap resistance.
Pivot: 0.6235
1st Support: 0.6189
1st Resistance: 0.6298
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NZD/USDSupport and resistance are fundamental concepts in technical analysis that help traders identify potential reversal points in an asset's price movement.
- Support is a price level where demand is strong enough to prevent the price from falling further. It acts as a "floor," where buyers typically step in, making it a good level to buy.
-Resistance is a price level where selling pressure is strong enough to prevent the price from rising further. It acts as a "ceiling," where traders often sell or take profits.
Key takeaways:
- When the price breaks a support level, it can become a new resistance level, and vice versa.
- These levels help traders plan entry and exit points, manage risk, and anticipate price movement reversals.
- Dynamic support and resistance can be identified using trendlines or moving averages.
Understanding these concepts is essential for effective technical analysis and timing market decisions.
NZDUSD SET-UP My view on NZDUSD.
From the H4 and Daily time-frames, we can see the trend is bullish and I have a zone marked out to buy from. However, scaling down for the lower time-frames (H1-M15) the trend is currently bearish and see I look out for selling opportunities in line with my trading methods.
I have a set-up looking to sell NZDUSD to the HTF buy zone
NZDUSD SELL POSITION Price broke trendline and retest it, giving us that the next movement is possible sell
NZD/USD – Price Could Drop LowerLooking at the NZD/USD on this 30-minute chart, the price recently hit a ceiling near 0.63600 and started heading down. It’s been bouncing around in a range, but it looks like it could keep dropping. The blue line shows a possible path, with the price maybe heading down toward the 0.6240 support zone.
The target is between 0.6240 -0.6222
NZSUSD BUY ANALYSIS FALLING WEDGE PATTERN Here on Nzdusd price has form falling wedge pattern and now try to make up move so if line 0.62746 break the chances of moving up are so big so go for LONG and with target profit of 0.63021,0.63353 and 0.63608 . Use money management
Green 10.03 2024 Day tradingIn the Black Swan harmonic pattern, the expected price reversal at point D typically ranges between 50% to 100% of the XA movement.
This will be one of today's daily trade
Credit up to 20 hours
Bullish reversal off overlap support?NZD/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.6254
Why we like it:
There is an overlap support level.
Stop loss: 0.6208
Why we like it:
There is a pullback support that aligns with the 138.2% Fibonacci extension.
Take profit: 0.6305
Why we like it:
There is an overlap resistance
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD For a buying opportunity around 0.62700 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.62700 support and resistance area.
Trade safe, Joe.
BEARISH KIWIDisclaimer the information below is not financial advice and is based solely on my own view, trade responsibly.
Now looking at the NZDUSD in correlation with the ongoing events its seems likely that investors are viewing the DXY as a safe heaven , with that in mind back on the chart you can see a clear distribution phase which led to a Change of Character to the down side, hence a markdown phase, following Auction Market Theory we come to a conclusion that price is seeking fair value and hence some sort of demand inside last months bullish expansion.
Price is relatively in an uptrend and hence its logical to say we could be aim for a low of the month hence am looking to short this pullback before a long
NZDUSD overviewPrice heading towards down to break the previous daily low, I anticipate after breaking the area, price would eventually reach around 0.62366
OANDA:NZDUSD
Kiwi FadeFundamentals & Sentiment
USD:
- Undervalued according to many market internals, CFTC
NZD:
- Dovish course of RBNZ
- Bearish market internals
Technical & Other
Setup: TR(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Up
Long-term: Up
Min target: DMA(10)
Stop loss: 0.52%
Position size: 0.5R
