POSSIBLE BUY SET UP ON NZDUSDNZDUSD is ranging after the break of daily trend line , expecting price to touch the the new bullish trend line to see the reaction
NZDUSD trade ideas
NZD/USD 4-Hour Timeframe AnalysisNZD/USD 4-Hour Timeframe Analysis
Trend Analysis
On the 4-hour timeframe, the price is in a major downtrend, with ongoing consolidation creating uncertainty in the market. We have identified some minor key levels, one of which is at 0.56400, which has already been broken. After the breakout, a large volume of sellers accumulated, and we observed a liquidity grab formed below this minor key level.
However, after the liquidity grab, the price failed to push higher and struggled to reach the next minor key resistance. Sellers pushed the price back down to the minor key level, and now we are waiting for another liquidity formation to confirm the next move.
Price Action Expectation:
Our objective is to wait for the price to form another liquidity zone and then look for a break above the minor key level. If this break occurs, we will place a Buy Stop entry.
Fundamental Outlook:
USD Advance GDP q/q: The forecast for Q1 GDP growth is 2.7%, a slowdown from the previous 3.1%. A lower GDP growth rate might indicate weaker U.S. economic strength, which could dampen the bullish pressure on USD and increase the likelihood of a weaker USD in the short term. This could potentially make NZD/USD more favorable for a buy setup, as a weaker USD would likely result in upward pressure on the NZD.
USD Unemployment Claims: The forecast for unemployment claims is 224K, slightly higher than the previous 223K. An increase in unemployment claims could signal weakening labor market conditions in the U.S., further contributing to the potential weakness of the USD and supporting upward momentum for the NZD.
The combination of these news events suggests a potential weakening of the USD, which could lead to increased bullish momentum for NZD/USD, aligning with the buy setup that we are anticipating.
Trade Setup:
Trade Type: Buy Stop
Entry: 0.56520 (after the price breaks above the minor key level)
Stop Loss: 0.56160 (below the minor key, providing protection from false breakouts)
Take Profit: 0.57400 (targeting the next minor key resistance)
Conclusion:
The setup aims to capitalize on a bullish breakout after the liquidity zone forms and the price breaks above the minor key level. Given the weakening USD due to the latest economic data (lower GDP growth and rising unemployment claims), there is a higher probability for NZD/USD to rise. The buy stop entry at 0.56520 targets a move toward 0.57400, with risk managed by placing the stop loss at 0.56160.
Disclaimer: Trading involves substantial risks. Always consult a financial advisor before making trading decisions.
BUY NZDUSDNZDUSD gearing up for a nice bullish move. This is only likely if price can fall below 0,565, then we can expect a bounce up towards 0,56888. A vast percentage of traders have bought DXY let us observe what happens
BUY NZDUSD - Deja Vu, prefer the daily candle now!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Daily CLS, Key Level OB in the discount, Model 1Daily CLS, Key Level OB in the discount , Model 1
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
NZDUSD to remain mixed?NZDUSD - 24h expiry
Pivot support is at 0.5640.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 0.5675 will confirm the bullish momentum.
The measured move target is 0.5750.
We look to Buy at 0.5640 (stop at 0.5610)
Our profit targets will be 0.5725 and 0.5750
Resistance: 0.5675 / 0.5700 / 0.5750
Support: 0.5640 / 0.5625 / 0.5600
Risk Disclaimer
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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Bearish drop off pullback resistance?NZD/USD is reacting off the resistance level which is a pullback resistance that aligns with the 38.2% and the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5657
Why we like it:
There is a pullback resistance that lines up with the 38.2% and the 61.8% Fibonacci retracement.
Stop loss: 0.5672
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.5637
Why we like it:
There is a pullback support level.
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Trends in trend Trends in trend occurs when small Trends happen within a bigger trend and we expect that when there's a breakout on the smaller trend it will be in response to the bigger trend and this is a perfect example of this strategy (Trends in trend)
NZDUSD longOANDA:NZDUSD
Lovely buy oppurtunity is presented to us. caught it from the quarterly lows and now it will retest weekly highs. simple chart. simple analysis. simple trade. easy money
NZD/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
NZD/USD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 0.566.
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NZDUSD Early reversal NZDUSD Slowly showing reversal signs. I am looking for price to keep sitting on the daily support and eventually continue to at least the daily order block.
NZD/USD Uptrend: Bullish Momentum Strengthens with Key Support LAs of January 29, 2025, the NZD/USD currency pair is exhibiting signs of an uptrend. The pair has been trading above the key 0.5700 level, indicating bullish momentum. Technical indicators, such as the Relative Strength Index (RSI), have climbed sharply to 63, firmly in positive territory, suggesting healthy upward momentum and room for further gains. Additionally, the Moving Average Convergence Divergence (MACD) histogram shows flat green bars, indicating sustained buying pressure.
BUY NZDUSD - Multiple Timeframe confluenceTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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NZDUSD - Short - 5.4RExpecting the sell off to continue if the market moves up to the supply zone (imbalance) in the manner shown.
I classify the trade with a 50% probability of success.
NZDUSD to drop for more than 100 pipsBased on my algorithms, data and statistics, NZDUSD is about to drop for more than 100 pips
nzdusd buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDUSD GARTLEYHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.56700 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.56700 support and resistance area.
Trade safe, Joe.
