Shorting NZD/USDThe USD, benefiting from a safe-haven status and strong economic data, is likely to see further gains, reinforcing the potential for a decline in NZD/USD.
NZDUSD trade ideas
NZDUSD 4H (SMC edition)📊NZDUSD 4H Analysis
-We have a bearish orderflow on our 4H trend with a recent sweep and break⬇️to the downside giving us a new POI.
-This marked orderflow is our supply zone and trading area due to its candles taking both buyside and sellside liquidity (valid OB)☑️
📊📉NEW SETUP: Breakout & retest
-We can anticipate a bearish continuation from the zone to the downside as per trend.
NZDUSD BUY SETUP !!“When I became a winner, I said, ‘I figured it out, but if I’m wrong, I’m getting the hell out, because I want to save my money and go on to the next trade.’” – Marty Schwartz
Nzd/usd pair retracement back up to supply zone arealong nzd/usd . reason
change of character
to a break of structure
stop below break of structure
target 1:3 risk to reward ratio into the supply area.
59.987 stop loss
60.162 target
NZD/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the NZD/USD with the target of 0.610 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Kiwi H4 | Rising into overlap resistanceThe Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6025 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6055 which is a swing-high resistance.
Take profit is at 0.5981 which is a swing-low support.
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.
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. 64% 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. 66% 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: Potential for Slight Bullish Bias Amid Key Fundamental !NZDUSD: Potential for Slight Bullish Bias Amid Key Fundamental Drivers (25/10/2024)
Today, the NZDUSD currency pair shows potential for a slight bullish bias, influenced by a blend of fundamental factors and evolving market conditions. Let's dive into the primary drivers impacting the New Zealand Dollar to US Dollar (NZDUSD) pair today and assess whether the bullish sentiment could hold.
1. New Zealand's Economic Data and RBNZ Stance
The Reserve Bank of New Zealand (RBNZ) has maintained a balanced tone on interest rates amid recent economic data. Despite slower-than-expected growth figures, the New Zealand economy demonstrates resilience in key sectors like exports and services, which might provide support for the NZD. Market expectations for RBNZ’s neutral-to-hawkish stance add a slight bullish outlook for the NZD, as investors anticipate steady policy moves that avoid aggressive tightening while also signaling confidence in the economy’s fundamentals.
2. US Dollar Moderation Amid Potential Fed Pause
The US Dollar Index (DXY) has shown signs of consolidation as Federal Reserve officials continue to weigh the potential for a pause in rate hikes. Recently, the USD’s bullish momentum has softened, with investors focusing on US inflation data that suggests a gradual cooling, potentially easing pressure on the Fed to maintain a tight monetary policy stance. This development could limit the USD’s strength, lending support to a slight upside for NZDUSD as investors look for alternative assets.
3. China’s Economic Resilience and Impact on NZD
China, as New Zealand's primary trading partner, influences the NZD through commodity prices and trade flows. Recent signs of resilience in China’s economy, particularly in industrial production and retail sales, may boost market sentiment for currencies like the NZD, as stronger demand for New Zealand’s exports could improve trade dynamics. This positive external factor indirectly supports the NZD, making NZDUSD slightly more appealing in today’s trading landscape.
4. Technical Levels and Market Sentiment for NZDUSD
On the technical analysis front, NZDUSD has shown support near the 0.5850 level, with a potential resistance zone around 0.5950. Should the pair break above the 0.5900 mark, we could see momentum strengthening, bolstered by the factors discussed. RSI indicators are also neutral, suggesting room for upward movement without immediate overbought concerns. A slight bullish bias may prevail, provided these technical and sentiment indicators remain supportive.
Summary: Slight Bullish Bias for NZDUSD
In summary, NZDUSD could hold a slight bullish bias today, with influences from New Zealand’s resilient economy, a softer USD, and supportive technical indicators. Traders might find opportunities if bullish momentum strengthens, keeping an eye on US Dollar trends, RBNZ announcements, and China's economic performance for additional cues.
Keywords:
1. NZDUSD forecast
2. New Zealand Dollar analysis
3. US Dollar impact
4. RBNZ policy stance
5. NZDUSD technical levels
6. Forex trading insights
7. Federal Reserve impact
8. China economy influence
9. NZDUSD bullish bias
NZDUSD SHORT Break and retest from my last Setup
Market structure Bearish on HTFs 30
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Daily Structure Point
H4 Candlestick rejection
Rejection from Previous structure
Levels 3.49
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDUSD H1The New Zealand dollar against the US dollar is still trending downwards, but we notice a slow decline, which requires a return of positivity. Accordingly, after receiving a price action signal, we look forward to buying from levels 0.5973
With first targets: 0.60852
Second target: 0.61214
Third target: 0.61967
The stop is the closing of an hourly candle below levels: 0.59446
Don't forget to take a buy price action
OANDA:NZDUSD
NZDUSD: Bearish Rally Continues 🇳🇿🇺🇸
NZDUSD may keep falling after a release of US fundamentals.
As a confirmation, I see a breakout of a support line of a bearish
flag pattern after a test of a key resistance level.
The price will most likely reach 0.6 level soon.
❤️Please, support my work with like, thank you!❤️
Nzdusd sellsLong run sellssource = input(defval=close, title="Source")
// Smooth Average Range
per1 = input(defval=27, minval=1, title="Fast period")
mult1 = input(defval=1.6, minval=0.1, title="Fast range")
per2 = input(defval=55, minval=1, title="Slow period")
mult2 = input(defval=2, minval=0.1, title="Slow range")
smoothrng(x, t, m) =>
wper = t * 2 - 1
avrng = ema(abs(x - x ), t)
smoothrng = ema(avrng, wper) * m
smoothrng
smrng1 = smoothrng(source, per1, mult1)
smrng2 = smoothrng(source, per2, mult2)
smrng = (smrng1 + smrng2) / 2
// Range Filter
rngfilt(x, r) =>
rngfilt = x
rngfilt := x > nz(rngfilt ) ? x - r < nz(rngfilt ) ? nz(rngfilt ) : x - r :
x + r > nz(rngfilt ) ? nz(rngfilt ) : x + r
rngfilt
filt = rngfilt(source, smrng)
upward = 0.0
upward := filt > filt ? nz(upward ) + 1 : filt < filt ? 0 : nz(upward )
downward = 0.0
downward := filt < filt ? nz(downward ) + 1 : filt > filt ? 0 : nz(downward )
hband = filt + smrng
lband = filt - smrng
longCond = bool(na)
shortCond = bool(na)
longCond := source > filt and source > source and upward > 0 or source > filt and source < source and upward > 0
shortCond := source < filt and source < source and downward > 0 or source < filt and source > source and downward > 0
CondIni = 0
CondIni := longCond ? 1 : shortCond ? -1 : CondIni
long = longCond and CondIni == -1
short = shortCond and CondIni == 1
// Plotting
plotshape(long, title="Long", text="Long", style=shape.labelup, textcolor=color.black, size=size.tiny, location=location.belowbar, color=color.lime, transp=0)
plotshape(short, title="Short", text="Short", style=shape.labeldown, textcolor=color.white, size=size.tiny, location=location.abovebar, color=color.red, transp=0)
// Alerts
alertcondition(long, title="Long", message="Long")
alertcondition(short, title="Short", message="Short")
Nzdusd sellsLong run sellssource = input(defval=close, title="Source")
// Smooth Average Range
per1 = input(defval=27, minval=1, title="Fast period")
mult1 = input(defval=1.6, minval=0.1, title="Fast range")
per2 = input(defval=55, minval=1, title="Slow period")
mult2 = input(defval=2, minval=0.1, title="Slow range")
smoothrng(x, t, m) =>
wper = t * 2 - 1
avrng = ema(abs(x - x ), t)
smoothrng = ema(avrng, wper) * m
smoothrng
smrng1 = smoothrng(source, per1, mult1)
smrng2 = smoothrng(source, per2, mult2)
smrng = (smrng1 + smrng2) / 2
// Range Filter
rngfilt(x, r) =>
rngfilt = x
rngfilt := x > nz(rngfilt ) ? x - r < nz(rngfilt ) ? nz(rngfilt ) : x - r :
x + r > nz(rngfilt ) ? nz(rngfilt ) : x + r
rngfilt
filt = rngfilt(source, smrng)
upward = 0.0
upward := filt > filt ? nz(upward ) + 1 : filt < filt ? 0 : nz(upward )
downward = 0.0
downward := filt < filt ? nz(downward ) + 1 : filt > filt ? 0 : nz(downward )
hband = filt + smrng
lband = filt - smrng
longCond = bool(na)
shortCond = bool(na)
longCond := source > filt and source > source and upward > 0 or source > filt and source < source and upward > 0
shortCond := source < filt and source < source and downward > 0 or source < filt and source > source and downward > 0
CondIni = 0
CondIni := longCond ? 1 : shortCond ? -1 : CondIni
long = longCond and CondIni == -1
short = shortCond and CondIni == 1
// Plotting
plotshape(long, title="Long", text="Long", style=shape.labelup, textcolor=color.black, size=size.tiny, location=location.belowbar, color=color.lime, transp=0)
plotshape(short, title="Short", text="Short", style=shape.labeldown, textcolor=color.white, size=size.tiny, location=location.abovebar, color=color.red, transp=0)
// Alerts
alertcondition(long, title="Long", message="Long")
alertcondition(short, title="Short", message="Short")
NZD/USD Analysis for October 24, 2024: Slight Bullish Bias!!The NZD/USD currency pair is currently exhibiting a slight bullish bias as of October 24, 2024. Several key fundamental factors and market conditions are influencing this upward movement. This article highlights these key drivers and provides insights for traders seeking to navigate the current market landscape.
Key Drivers Behind the Bullish Bias for NZD/USD
1. Optimistic New Zealand Economic Outlook:
- Recent economic data from New Zealand has shown positive signs, particularly in employment growth and inflation figures. The unemployment rate has remained low, and inflation is expected to stay within the Reserve Bank of New Zealand's (RBNZ) target range. This optimism surrounding the country's economic recovery is helping support the New Zealand dollar (NZD).
- Additionally, the RBNZ's stance on potential interest rate hikes has strengthened the Kiwi, as the central bank continues to signal a gradual tightening of monetary policy to control inflation.
2. Weaker U.S. Dollar:
- Despite the strong performance of the U.S. economy in previous months, the U.S. dollar (USD) has experienced some weakness due to changing market sentiment. Investors are anticipating that the Federal Reserve may begin slowing the pace of interest rate hikes in the coming months, which has caused some softening of the USD.
- Any indication that the Federal Reserve might take a more dovish approach to its monetary policy can impact the strength of the USD, favoring other currencies like the NZD in the short term.
3. Commodity Price Recovery:
- The New Zealand dollar is closely tied to global commodity prices, especially agricultural products like dairy, which make up a significant portion of New Zealand’s exports. Recent recovery in commodity prices, including higher demand from key trading partners like China, has boosted the NZD.
- Rising dairy prices have a direct positive impact on New Zealand's economy, which further strengthens the Kiwi against the USD.
4. China's Economic Performance:
- China is one of New Zealand’s largest trading partners, and the health of the Chinese economy is closely monitored by Kiwi traders. Recent data suggesting that China’s economic growth is stabilizing has been a positive sign for New Zealand’s export market. A stronger Chinese economy typically benefits the NZD, as it supports demand for New Zealand’s exports.
- The easing of global supply chain disruptions and improving trade relations between New Zealand and China have also been favorable for the NZD.
5. Risk-On Sentiment in Global Markets:
- Investors are showing a growing risk appetite in the global financial markets, leading to more demand for riskier assets, including the NZD. As the NZD is often seen as a "risk-on" currency, it tends to perform well when investors are more willing to take on risk, especially in times of global market stability.
- The U.S. dollar, in contrast, is viewed as a safe-haven currency and tends to weaken when investors shift towards higher-risk currencies like the NZD.
Technical Analysis
From a technical perspective, the NZD/USD pair shows potential for further upside momentum based on key indicators:
- Moving Averages: The 50-day moving average is trending upwards, indicating growing momentum in the short term. If it crosses above the 200-day moving average, this could confirm a bullish trend.
- Relative Strength Index (RSI): The RSI is currently in neutral territory, hovering around 55, which suggests there is still room for the NZD to gain before it becomes overbought.
- Support and Resistance Levels: NZD/USD has found strong support near the 0.5800 level, while resistance is seen around 0.5950. A break above this resistance level could signal more bullish momentum in the pair.
Conclusion:
In summary, the NZD/USD currency pair is expected to maintain a slightly bullish bias on October 24, 2024, driven by positive New Zealand economic data, weaker U.S. dollar sentiment, rising commodity prices, improving Chinese demand, and a risk-on environment in global markets. Traders should keep an eye on both fundamental and technical indicators for potential opportunities to capitalize on this bullish momentum.
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- Commodity prices and NZD,
- RBNZ interest rate policy,
- Risk-on sentiment in forex markets,
- NZD/USD price outlook for today.
NZDUSD / H1 / SHORTNZDUSD may fall from the Bearish Order Block
Bearish Order Block: 0.60523 and 0.60416
NZDUSD is currently moving upwards and is approaching the Bearish Order Block. Once it touches this zone, we can expect a potential reversal to the downside. Let’s see how the price reacts upon reaching this level. I have applied the Smart Money Concepts (SMC) to analyze this chart.
Entry Price :- 0.60416
Take Profit :- 0.60187
Stop Loss :- 0.60645
NZDUSD Potential DownsidesHey 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.
TRENDING PERFECTLY.Nzd has been trending perfectly. Entering our next area of poi. We look for shorts today.. to continue fully down in the LTF timeframe..
NZDUSD H1 | Bearish continuation? Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6022, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6005, a pullback support level.
The stop loss will be at 0.6042, a pullback resistance level close to 78.6% Fibo retracement
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. 64% 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. 66% 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 ShortMarket structure Bearish at HTFs 30
Entry At Daily AOI
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 0.60500
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.84
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDUSD - Bearish Rising WedgeHello Traders !
On Tuesday 24 Sep, The NZDUSD reached the resistance level (0.63414 - 0.63696) and formed a rising wedge pattern.
Currently, The support line and support level are broken!
_________________
TARGET: 0.60000🎯
NZD-USD Long From Support! Buy!
Hello,Traders!
NZD-USD keeps falling down
And the pair is locally
Oversold so after it hits
The horizontal support level
Below at 0.5975 we will be
Expecting a local
Bullish correction
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
NZD /USD Both Entries +150 Pips 0 Drawdown , Third Entry Valid !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.
NZDUSD - 4hrs ( sell Trade Target Range 120 PIP ) 🟢 Pair Name : NZD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short ) Break Out Done
Type : Mid Term Swing
———————————
Bearish Break
0.60100 area
Reasons
- Major Turn level / M
- Visible Range Hvn
- Fixed range lvn
- inner Pattern Break
- Choch / Fibo Golden
Bullish Reversal
0.58900 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Major Choch zone
- Quarter low
