Long NZDUSD idea , 2H time frameLooking to Buy NZDUSD for a possible 1:1RR
Entry : 0.58890
Stop Loss : 0.58360
Take Profit : 0.59479
Risk/Reward : 1:1
Note: Please follow if you like the idea ,appreciate your support :)
USDNZD trade ideas
Potential bullish rise off pullback support?The Kiwi (NZD/USD) has reacted off the pivot and could potentially rise to the 1st resistance which is a pullback resistance.
Pivot: 0.5877
1st Support: 0.5837
1st Resistance: 0.5918
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Buy Idea for NZD/USDAnalysis Description:
The NZD/USD pair has retraced to a key support zone around 0.5800 after a corrective move. Signs of a bullish reversal in this area suggest a potential buying opportunity.
NZD/USD on strong downtrend amid USD strengthThe US dollar's recent surge, reaching around 106.5 post-election, impacts global markets and American consumers. Strong economic data and inflation pressures bolster the dollar, while Trump's tariffs could enhance its strength. Meanwhile, the NZD has dropped to 0.58574 against the USD, influenced by New Zealand's economic conditions and fluctuating commodity prices. As the yen and peso also weaken significantly, the dollar's future depends on unfolding policies and geopolitical events. Analysts foresee potential gains but caution against international retaliation.
Tis the season for longs on commodities.Entry: 0.5953
TP1: 0.6117
TP2: 0.6378
SL: 0.577
With Trump's back in office and his tariff policies back on the table, American-Chinese trade could very well end up decimated. On the flip side, the Aussie and Kiwi economy could find an opportunity to benefit from this as China will likely be pushed to rely more on their free trade agreement. Add that to the fact that, risk-on assets generally trend bullish during the holiday seasons.
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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 is BullishPrice was in a downtrend, however a bullish divergence has led to the break of previous lower high signaling the control of bulls. If the momentum sustains then we can expect further upside in price action as per Dow theory. Targets are mentioned on the chart.
NZDUSD: Support and Bullish Divergence at 4HNZDUSD is currently holding support at the daily support level and has formed a divergence on the 4-hour chart.
NZDUSD_30Mhello New Zealand dollar analysis Short and medium time frame The formation of a triangle pattern of five waves of correction and collapse for this currency pair, and by completing the support zone, it can have a correction on the side of 0.58900.
NZDUSD HEAD AND SHOULDERNZDUSD printing head and shoulder pattern at breakout entry with a sell stop
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall...
Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further.
The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation.
Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range.
Resistance levels: 0.5864, 0.588, 0.5912
Support levels: 0.584
Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;)
Regards R. Linda!
NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid !NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Positive NZ Economic Sentiment and Weakening USD 18/11/2024
Introduction
The NZDUSD pair is anticipated to exhibit a slight bullish bias today, supported by positive economic sentiment in New Zealand and a softer U.S. dollar. As global risk appetite improves and dovish Federal Reserve expectations weigh on the USD, the New Zealand dollar (NZD) benefits from these favorable conditions. This article analyzes the key drivers influencing NZDUSD today and provides actionable insights for forex traders.
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Key Drivers Influencing NZDUSD Today
1. Robust New Zealand Economic Outlook
New Zealand’s economy continues to show resilience, supported by strong performance in its export sectors, particularly agriculture and dairy. Recent retail sales data and business confidence surveys indicate steady economic growth, providing a favorable environment for the NZD. The Reserve Bank of New Zealand (RBNZ)’s cautious but optimistic policy stance further bolsters the currency, as traders see reduced downside risk.
2. Weaker U.S. Dollar Amid Dovish Fed Policy
The U.S. dollar has been under pressure following recent Federal Reserve commentary suggesting a pause in interest rate hikes. Softer inflation and mixed labor market data have led to a dovish outlook, diminishing the USD’s appeal globally. This environment provides room for NZD gains, as the U.S. dollar weakens relative to other currencies.
3. Improved Global Risk Sentiment
As a risk-sensitive currency, the NZD benefits when global risk appetite improves. Stability in equity markets and an uptick in commodity prices have increased demand for higher-yielding assets like the NZD. This “risk-on” sentiment supports a bullish outlook for NZDUSD, as traders move away from safe-haven assets.
4. Technical Indicators Supporting Bullish Momentum
From a technical perspective, NZDUSD is trading above its 50-day moving average, signaling continued upward momentum. Additionally, indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are aligned with a bullish trend, suggesting potential for further gains in today’s session.
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Technical Analysis Indicators
Moving Averages and RSI
NZDUSD is well-positioned above its 50-day moving average, indicating sustained bullish momentum. The RSI is trending upwards but remains below overbought levels, signaling room for additional upside.
MACD and Volume Trends
The MACD shows a bullish crossover, confirming upward momentum in the pair. Volume analysis indicates consistent buying interest, further supporting today’s slight bullish bias.
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Conclusion
Given New Zealand’s strong economic fundamentals, a dovish U.S. Federal Reserve, and improving global risk sentiment, NZDUSD is expected to maintain a slight bullish bias today. Traders should monitor any shifts in risk sentiment or unexpected economic data releases that could influence the pair’s movement.
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Buy nzdusdStrong buy coming soon
This week will be good for buyers
Just wait to sweep then enter into buy
Divergence...one of the only clues you need...NZDUSD EXAMPLEHello hello hello TradingView community! Hope you are all having an amazing day so far getting ready for the fantastic trading week ahead. I saved something special for you guys this week with a more educational videos on one of my favorite confluences/tools I like to use in the market for my analysis and trading and that is the concept of Divergence. This is something I personally use in my analysis and trading that has helped me tremendously find and enhance the opportunities I identify in the markets and wanted to go ahead and share with this awesome community!
So sit back, take some notes, and hope you all get some great nuggets from this video! Cheers!
NZDUSDWe looking for buying opportunities as the market is forming a reversal pattern to the upside resulting in a change of trend of a bullish momentum| 1H TIMEFRAME
USD rally or profit-taking opportunity? USD rally or profit-taking opportunity?
The dollar extended its gains on Friday, bolstered by Donald Trump’s White House return, pressuring the Aussie and Kiwi by over 1%.
Credit Agricole flagged Trump’s policy agenda as a source of upside risk for the greenback but dismissed the likelihood of another 2018-style rally.
With the dollar’s already elevated level, Credit Agricole analysts see limited scope for a repeat of past surges. By late 2025, they project dollar weakness as Federal Reserve rate cuts accumulate. Near-term, the prospect of profit-taking could cap further gains.
NZD/USDOn Monthly, 200, 50 and 20 EMA are above the price and Bearish and price is moving downward to 0.5800 which by the ways, it's 52 Weeks Lowest price.
On Weekly, ther is not much data, beside 200, 50 and 20 EMA are above the price line.
On Daily, 200, 50 and 20 EMA are above the price and it seems it's bouncing back off 52 Week Lowest toward up to Daily Trend line and Psychological Support/Resistant of 0.59000.
On 1H chart, price is consolidating and dancing around 52 Weeks Lowest line (Yellow Dot line) and consolidating.
Alike other USD pairs, this pair is strongly Bullish on Dollar.
NZDUSD - Bearish Setup ... Review of Nov 16th 2024NZDUSD - Bearish Setup ... Review of Nov 16th 2024
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We will monitor this asset this week for a Great Bearish Entry
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By: Atlas (aka Noble.Mike.Jamison)
NZD/USD Weekly AnalysisExamining the weekly chart, we see that price has printed a weekly close below 0.5886 which previously acted as support in April and July this year.
This could be an indication of further downside to come.
The next support at 0.5807 was tested over a year ago in October 2023 but could be a target for any short trades if you agree with the analysis.
NZDUSD - Bearish Move ... Review of Nov 13th 2024 NZDUSD - Bearish Move ... Review of Nov 13th 2024
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This Trade Idea did very well for us
NZD/USD at Strong Support: Is a Move Higher on the Horizon?Since the end of September 2024, the NZD/USD pair has been in a pronounced downward trend, experiencing a depreciation of over 8% without any significant retracements. This downward movement has found crucial support around the 0.5850 level, where the price is now showing early signs of exhaustion. This support level has been tested on previous occasions, indicating it may serve as a key area of interest for buyers. As the market awaits a potential upward corrective movement, traders should remain vigilant, particularly with the upcoming release of US Retail Sales data, which could significantly impact the pair's volatility.
Scenario 1: Upward Correction
The rejection of the support at 0.5850 and the formation of a potential bottom signal the presence of buyers. A break above the previous day's high at 0.5885 could confirm the entry of buying pressure. The 38.2% Fibonacci level at 0.6040 serves as the first projected target for this upward correction, coinciding with an important resistance zone.
A buying opportunity may arise if the price breaks yesterday's high at 0.5885. In this instance, we could see the formation of an Engulfing Pattern on the daily chart, a strong bullish signal.
Initial Target : The target could be set around 0.6040, where mid-term resistance aligns with the 38.2% Fibonacci retracement level.
Stop Loss: A suitable stop loss might be positioned below the support line, around 0.5800, to protect against adverse movements.
Scenario 2: Continuation of the Downtrend
Conversely, if the price breaks below the 0.5850 support level, it will immediately encounter another significant support zone at 0.5790. Given the proximity of these support levels, a 60-pip move may not justify the risk, especially considering the sharp downward trend observed over the past two months.
Potential Short Trade if Major Support is Broken:
From a risk/reward perspective, a short opportunity could become attractive only if the price breaks below the 0.5790 level. In this case, the next level of support would be sufficiently distant to offer a favourable risk/reward ratio for traders.
In summary, the NZD/USD pair is currently at a pivotal support level, displaying signs of potential exhaustion. The next price movements will be critical in determining whether we witness a significant corrective rally or a continuation of the downtrend. Traders should exercise caution, particularly in light of forthcoming economic data, and closely monitor key levels to make informed trading decisions.
Disclaimer:
74% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
NZSDUSD Bottom of the 1-year Rectangle. Strong buy.The NZDUSD pair gave us a solid sell signal on our last idea (September 04, see chart below) as it respected the 1-year Rectangle pattern, stayed within its Resistance and Support levels and easily hit our 0.6000 Target:
The price hit yesterday the top of the 1-year Support Zone (0.58500) and is reacting today positively with the first green 1D candle in 6 days. The 1D RSI has double bottomed on the 30.00 oversold barrier as on April 14, so we have a strong case for going long with huge reward and limited risk. Notice how we are about to form a 1D Death Cross and the last two such patterns coincided with the bottoms on the Support Zone.
As a result, we are now long, targeting 0.6200, which is considerably below the 0.786 Fibonacci retracement, the level that all previous Bullish Legs hit.
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NZD Short Idea 0.590 area Entry: The chart shows a bearish pennant pattern, which is a continuation pattern that typically precedes a downward move. A potential entry point could be on a breakdown below the lower trendline of the pennant pattern, around 0.6289.
Target: The target for a bearish pennant pattern can be estimated by measuring the height of the flagpole and subtracting it from the breakdown point. In this case, the height of the flagpole is approximately 0.0333, suggesting a potential target around 0.5956.
Stop-Loss: To manage the risk, a stop-loss order could be placed above the upper trendline of the pennant pattern, around 0.6411, or above the recent swing high, depending on your risk tolerance.
Trade Management: Monitor the price action closely after the breakdown. If the price moves in your favor, consider trailing the stop-loss to protect profits. Be ready to adjust the target or stop-loss if the market conditions change.
Remember, this is a general trade plan based on the chart analysis. Always do your own research, consider your personal trading style and risk management strategies, and adjust the plan as needed to fit your specific trading approach.
