STILL BULLISH ON THE HIGHER TIMEFRAME.Let see bow it places out.. bullish nxtweek if price closes 15+pips today..
Targeting the recent highs..
Still bullish on the daily chart.
NZDUSD trade ideas
Harmonic Pattern on NZD/USD – Is the Reversal Coming?The NZD/USD chart shows the formation of a Harmonic pattern. If confirmed, the price recently touched the D point, suggesting a potential bullish reversal after a significant bearish move from point C.
According to the TDGMA indicator, the asset is nearing an oversold region, supporting the idea of a possible short-term recovery. Additionally, point D aligns around the 0.605 level, which has acted as a resistance zone in the past.
1. Buy from Point D (Bullish Reversal)
Rationale: The Gartley pattern is one of the most reliable in terms of reversals, especially when point D coincides with strong technical support, as seen here. Moreover, the TDGMA indicator signals oversold conditions, suggesting that the market might be gearing up for a bullish reversal. The risk lies in waiting for confirmation of this reversal.
Entry: After confirming a strong bullish candle above point D.
Take Profit (TP): 0.6194
Stop Loss (SL): 0.6050 (below point D for added security)
The Gartley pattern offers a solid buy opportunity at point D with a high probability of success. The support area and oversold conditions further strengthen the reversal thesis. However, more conservative traders may wait for a test of the resistance before entering.
As always, it's essential to monitor price action, particularly on lower time frames, before take position.
NZD-USD Will Go Down! Sell!
Hello,Traders!
NZD-USD is going up
In a local bullish correction
But the pair will retest the
Horizontal resistance above
Of 0. 6144 soon and from there
We will be expecting a
Bearish continuation
Buy!
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NZDUSD can't break resistance Intraday Update: The turn lower of the NZDUSD at the .6110 level (high today thus far is .6106) and while below this level the risk remains lower.
#NZD/USD 1DAYNZD/USD 1D – Support Turned Resistance
On the daily chart of the NZD/USD pair, a significant **support-turned-resistance** pattern has been identified. This is a bearish continuation signal, suggesting that the price is likely to move lower after retesting a previous support level, which is now acting as resistance.
#Pattern Overview:
-Support Becomes Resistance (SBR): After a breakdown below a key support level, the price has retraced to retest this level. What was once support has now turned into a resistance zone, confirming the bearish outlook.
#Forecast:
-Sell Signal: The forecast indicates a sell opportunity as the price is expected to reject the newly formed resistance level and resume its downward trend. This type of setup often leads to further declines in the price.
### Trading Strategy:
-Entry Point: Enter a sell position when the price fails to break above the resistance level (previous support) and shows signs of rejection (e.g., bearish candlesticks or other technical confirmations).
Targets: The initial target for the downside move would be the next significant support level below the current price. Look for price action lows or Fibonacci extensions for potential target areas.
Stop Loss: Place a stop-loss above the resistance level to protect against any potential bullish breakout that might invalidate the bearish setup.
This pattern indicates a continuation of the bearish trend in NZD/USD, with selling opportunities emerging as the previous support level now acts as a resistance barrier.
NZDUSD Retesting Support Turned Resistance: Short Opportunity? NZDUSD is currently heading back to retest a key previous support level, which may now act as resistance. If this area holds, it could present a great opportunity to hop on a potential short setup.
A rejection from this level could lead to further downside, giving us a solid entry point to ride the move lower. Keep an eye on price action and confirm your entry with other indicators to stay on the safe side.
What are your thoughts on this setup? Are you considering a short here? Let’s discuss in the comments!
#NZDUSD #ForexTrading #PriceAction #ShortSetup #TechnicalAnalysis
RBNZ implements jumbo cut; Kiwi dollar plummeted
Following the Fed's lead, the RBNZ also took a big step. The RBNZ took the jumbo step of cutting its benchmark interest rate by 50bps, bringing it down from 5.25% to 4.75%. RBNZ stated that New Zealand's economy is now in excess capacity, and low import prices fuel deflation. They insisted that the committee unanimously confirmed that domestic economic activity is decelerating, as business investment and consumer spending are weakening, and employment conditions are persistently deteriorating.
As hopes for the Fed’s additional rate cut diminish, the US dollar is on the rise, while the Kiwi dollar has dropped briefly to 0.6050, matching its lowest since 18th August. NZDUSD advanced to 0.6095 after breaching the ascending channel’s upper bound. If NZDUSD breaches the resistance at 0.6110, the price could gain upward momentum toward 0.6175. Conversely, if NZDUSD fails to hold above the channel’s upper bound and breaks below the support at 0.6050, the price could fall further to 0.5960.
NZDUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.6107, which is a pullback resistance.
Our take profit will be at 0.6038, a pullback support level close to the 127.2% Fibo extension
The stop loss will be placed at 0.6176, which is a pullback resistance level.
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NZDUSD BuyVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.6127
Why we like it:
There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.6172
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Take profit: 0.6053
Why we like it:
There is a pullback support level.
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The Kiwi has a strong bearish momentum, could it fall further?The price is rising towards the pivot which acts as a pullback resistance and could fall to the the 1st support level which is a pullback support.
Pivot: 0.6127
1st Support: 0.6051
1st Resistance: 0.6174
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Weekly Pivot (07-12)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
Order flow is flipping to the bullish numbers againOnce the lows and key level is hit I will be looking for longs.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
KiwiDollar Still Not Yet Bullish?Hello Traders,
Cheers to Thursday! As of right now, the NZDUSD is still not strong compared to the dollar. Even though the candle broke the daily trendline, the market's selling momentum caused it to reverse down very fast. There is also a negative divergence in the indicator (MACD). Will the price touch $0.5900 once more as the low or will it keep moving higher?
Our overall plan for this trade for time being is shorting before gaining. What's your thought? Share down below.
NZDUSD: Very Bearish Outlook 🇳🇿🇺🇸
NZDUSD broke and closed below a key daily horizontal support.
With a high probability, it turned into resistance.
We can anticipate a bearish movement from that.
Next support - 0.599
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LOWER timer frame setup for NZD/USDThis for lower time frame trading
Wait after the news .
if u dont get a good price then no need to enter deal
NZD/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.618 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZDUSD: Short Term SellEntry: 0.6080
Stop Loss: 0.6140 (60 pips above entry)
Take Profit: 0.5980 (100 pips below entry, offering a 1.67:1 reward-to-risk ratio)
Reasoning:
The New Zealand dollar is displaying signs of weakness, and with global risk-off sentiment prevailing, NZD/USD may continue to fall towards 0.5980. This setup provides a favorable risk-to-reward opportunity.
New Zealand dollar sinks after RBNZ cuts by 50 bpsThe New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6079 in the European session, down 0.96% on the day.
The Reserve Bank of New Zealand lowered the cash rate by 50 basis points on Wednesday to 4.75%. The RBNZ cut rates by 25-bps in August, the first rate cut in over four years. The jumbo rate cut had been priced in by the markets but the dramatic move has sent the New Zealand dollar sharply lower.
The rate statement noted that inflation was within the target range and was “converging on the 2% midpoint”. This is a remarkable turnaround by the central bank, which only a few months ago was warning that inflation was too high and could force the Bank to raise rates. The RBNZ had projected that initial rate cut would not occur before mid-2025 but has moved up the timetable in dramatic fashion.
The decision to cut rates by 50 bps is not surprising, given that inflation has been falling and GDP contracted in the second quarter. New Zealand releases the quarterly inflation report next week and if inflation is within expectations, it could set up another rate cut at the November meeting.
The RBNZ would like to continue trimming rates but the sharp decline of the New Zealand dollar is a concern. The New Zealand dollar has plunged 4.25% in October and has slipped to a seven-week low. Today’s oversized cut sent the kiwi sharply lower and further cuts will add downward pressure on the currency.
NZD/USD has pushed below several support levels and is testing support at 0.6079. Below, there is a monthly support level at 0.5995
There is resistance at 0.6131 and 0.6153
NZDUSD may get up side now.NZDUSD may get up side from the support/demand zone.
Demand zone :- 0.61388 & 0.61106
We can see, There is a frequent swings from the support zone in 4 hour time frame chart and now the price is at support so we can expect that the price will go upside now. lets see what happen.
ENTRY PRICE :-0.61391
TAKE PROFIT :-0.62746
STOP LOSS :-0.60058
NZDUSD: Broke under both MAs. Strong sell signalNZDUSD is highly bearish on its 1D technical outlook (RSI = 36.216, MACD = -0.001, ADX = 38.839) as it smashed through both the 1D MA50 and the 1D MA200. The long term structure is a Rectangle (R1 and S1 Zone) and the current pattern that is emerging is almost identical with the previous bearish waves towards the S1 Zone. It is possible to see a medium term reboudn back to the 1D MA50 but on the long term we are bearish (TP = 0.58600).
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NZD/USD: US Dollar Strength Bolstered by FOMC Minutes US Dollar Strength Bolstered by FOMC Minutes
NZDUSD Breaks Key Resistance Zone
Fundamental Analysis:
The release of the FOMC minutes today and the upcoming US CPI data on Thursday are reinforcing USD strength. Additionally, the market is anticipating a 25 basis point rate hike by the Federal Reserve at the next meeting.
Two weeks ago, Chair Powell reiterated:
We have made good progress toward restoring price stability without painful rise in unemployment.
Labor conditions are solid, labor market roughly in balance.
The Fed is not in a hurry to cut rates quickly, will be guided by data
Technical Analysis:
Recently, NZDUSD broke down from a strong daily structure area near 0.6110. This was a significant key zone, and the price has been moving downward without pausing.
The next support zone is near 0.6000, and a move below this area could push NZDUSD to new lows around 0.5930
You may find more details in the chart!
Thank you and Good Luck!
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NZD/USD Giving An Amazing Bearish P.A , Short After D Closure ?we have a very good bearish price action but we need a daily closure below our daily support and if we have a closure below we will sell it when the price back to retest the broken support and we will targeting the old buying area and we will buy again from there .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
