NZDUSD trade ideas
NZD HTF BIAS IS HEAVILY BULLISH Anticipating price to drop to that hourly internal demand and push up.
Sell side liquidity has been swept by the NFP candle hence Anticipating price not to pullback to the extreme hourly demand
Chart pattern Marking is bullish we have a triangle pattern which broke me we continue with our bullish move
NZDUSD Long Analysis 08/07/2024ICMARKETS:NZDUSD
been a while since i posted.
market trend is continuing upwards, you can see a bullish orderflow going on. htf demand area sitting around the .618 and 0.5 fib level got retraced and has moved up a hundred pips.
just need a ltf confirmation for entry, you'll for sure find one during London session and personally i would hold until the -0.272 fib level because i usually experience pullbacks from that level (0.63030 is a good price target imo).
i expect a breakout+retest at the trend line.
this is just an idea.
NZDUSDNZDUSD - Had a trade on this pair last week as you can see , since then price has switched structures and is now bullish. With that being said for us to be able to take a trade on this pair price must push up a little further to then return and bounce off the zone and we are looking for a new higher low to be formed.
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZDUSD Weekly Forecast and AnalysisNZDUSD Weekly Forecast and Analysis
Overview:
As we approach the next trading week, the NZDUSD pair exhibits a promising bullish picture. Based on price action, we anticipate the price to find a strong support base near a minor resistance zone indicated on the chart, suggesting potential for further upward movement. Let’s dive into the detailed analysis based on price action and trend directions.
Support and Resistance Zones:
The key support and resistance zones marked on the chart above are very crucial areas for traders to constantly watch price action around these two key levels for the NZDUSD pair.
Price Action Insights:
Bullish Candlestick Patterns: The formation of bullish engulfing candles near the minor support zone will highlight strong buying interests among traders. The formation of this pattern around the minor support zone will act as a reliable indicator of potential continuation in the bullish trend. The NZDUSD pair has recently shown strong upwards momentum, leaving traceable signs of bullish trend continuation.
Breakout Scenario: If the NZDUSD pair breaks above the highlighted resistance zone, we anticipate a very strong upward move whereby the price establishes a new weekly high, as shown on the chart. This breakout could be driven by sustained buying pressure and positive market sentiment among traders.
Conclusion:
In summary, the NZDUSD pair is poised for continued bullish movement in the coming week. The price action and momentum analysis support the expectation of a breakout above the highlighted resistance zone, leading to new weekly highs. Traders should monitor key levels closely and consider potential entry points aligned with the observed price action and trend indicators. Staying informed and adaptable to market changes will be crucial for successful trading.
Invest Wisely,
By Piptera Digital Solution
NZDUSD Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the NZDUSD next move:
The instrument tests an important psychological level 0.6096
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6123
My Stop Loss - 0.6078
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NZDUSD BUY SETUPPrice didn't continue downside after breaking the support but instead went back upside and break the last LH, which gives us indication that the pair is bullish and has more room to go up.
Another confirmation is that DXY is bearish, so i will be waiting for the restest of the last LH we broke on NZDUSD and buy after a good bullish engulfing candle.
Opportunity of the next WeekI see that pair has the best opportunity of the week, it’s clearly that : the trend is downtrend because the Monthly SMT with AUDUSD, and already we get the MSS, so the price back to try touching the daily FVG and with the same level of the opening of the Month.( the position what we have now ). ( UNICORN MODEL).
Then, the price will back quickly to take the swing low and rebalance the FVG + we have a breaker on the same level.
Nzdusd possible buy position setupJuly started with a a bullish encounter for the KIWI. Checklist:
1. Major break of structure (4HR Choch)
2. Fair value gap
3. Demand zone 1 (marked w/ Dashed line)
4. Demand 2 (marked grey)
5. This move is a takeout of liquidity on daily.
Note: Trading is risky. Manage your risk in a way that fits your emotions and financial Appetite.
CPI week ahead.
I shared this because I'm going to enter if price comes back to my zone and respect.
NZDUSD → Traders believe in the best outcome. NFP aheadFX:NZDUSD strengthens after a false breakdown. The change of the fundamental background leads to a change in the character of the market. Traders are looking at a breakout of 0.614 and growth in the future, but ahead of NFP...
On D1 the price is not going to leave the sideways range yet, as we are told by the false breakdown and return to the channel with the subsequent formation of the impulse. Technically, on H4 a pre-breakdown consolidation is forming and the price is gradually pushing up to resistance, which may lead to a breakout and further growth.
Fundamentally, based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270,000 in the previous month, and unemployment to remain flat. But it's worth paying attention to the actual data. As a mild reminder of slowing economic growth could weigh heavily on the Fed.
Resistance levels: 0.614
Support levels: 0.61, 0.608
Technically traders believe in the continuation of the growth. A break of resistance may trigger a rally. But unpredictable news may change the market mood and in this case active selling may start.
Regards R. Linda!
NZDUSD: Short Signal Explained
NZDUSD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short NZDUSD
Entry - 0.6142
Sl - 0.6170
Tp - 0.6097
Our Risk - 1%
Start protection of your profits from lower levels
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NZDUSD - MACD Divergence may lead to Bullish BreakoutNZDUSD formed bullish divergence on MACD and is testing a confluence of resistance level marked by falling trendline as well as significant horizontal level. If price breaks the resistance then we have good reason to assume bullish price action going forward.
NZDUSD Is Going Up! Long!
Please, check our technical outlook for NZDUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.609.
The above observations make me that the market will inevitably achieve 0.613 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NZDUSD Short - Potential Downtrend ContinuatioEntry & Exit:
Entry: 0.61465
Stop Loss: 0.61490
Take Profit:(Optional) 0.61389
Risk Management:
Always practice proper risk management.
Only risk a small percentage of your capital per trade.
Risk Management:
Always practice proper risk management.
Only risk a small percentage of your capital per trade.
Hashtags: #forex #forextrading #NZDUSD #shortselling
Disclaimer: This is not financial advice.
Please consult with a qualified financial advisor before making any investment decisions
