Could the Kiwi reverse from here?The price is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 0.5722
1st Support: 0.5677
1st Resistance: 0.5750
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USDNZD trade ideas
NZDUSD: Bullish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDUSD pair price action which suggests a high likelihood of a coming move up.
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Lingrid | NZDUSD long Trade SETUP in CONSOLIDATION ZoneThe price perfectly fulfilled my previous idea. It hit the target zone. FX:NZDUSD market is currently consolidating after a period of bullish momentum. It has been making false breakouts at previous support and resistance zones, indicating that it is in a sideways trend. The market is approaching the previous day's low, and I believe it may create a false breakout in this zone before moving higher, especially given the prevailing bullish momentum. My goal is resistance zone around 0.57270
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
NZDUSD short idea [1hr time frame]Okay, let's refine your NZDUSD short trading idea for clarity and detail.
Concise Description:
"NZDUSD immediate short trade: 20-pip risk, 30-pip reward. Based on 1-hour higher tail rejections, third touch of a descending trendline, and established downtrend momentum."
Detailed Description:
Trade Setup:
NZDUSD immediate short position.
Risk: 20 pips.
Reward: 30 pips.
Risk/Reward Ratio: 1.5:1.
Analysis:
1-Hour Higher Tail Rejections:
"On the 1-hour chart, multiple candles have exhibited prominent upper wicks (higher tails), indicating strong selling pressure and rejection of higher prices."
This shows that the price is having trouble sustaining upward movement.
Descending Trendline Third Touch:
"The price has made a third touch of a confirmed descending trendline, connecting a series of lower highs. This third touch reinforces the validity of the trendline and suggests a high probability of continued downward movement."
This is a classic technical analysis setup.
Established Downtrend Momentum:
"The overall price action indicates a clear downtrend, with a series of lower highs and lower lows. This confirms that bearish momentum is currently dominant."
This provides trend confirmation.
#NZDUSD 1DAYNZDUSD (1D Timeframe) Analysis
Market Structure:
The price is approaching a significant support level, which has previously acted as a key area for price reversals. This level is important for identifying potential buying opportunities.
Forecast:
It is recommended to wait for the price to reach the support level. If bullish confirmation is observed, such as bullish candlestick patterns or increased buying momentum, a buy position can be considered.
Key Levels to Watch:
- Entry Zone: Monitor the price behavior near the support level and consider buying if a clear bounce or bullish signal is confirmed.
- Risk Management:
- Stop Loss: Placed below the support zone to protect against a potential breakdown.
- Take Profit: Target the next resistance levels for potential gains.
Market Sentiment:
Confirmation of bullish sentiment will depend on how the price reacts at the support level. A strong bounce would indicate potential for upward movement, while a breakdown may signal further downside. Waiting for confirmation will provide better trade accuracy.
NZDUSD SHORTMarket structure bearish on HTFs 3
Entry at Daily AOi
Weekly rejection at AOi
Daily Rejection at AOi
Daily EMA retest
Previous Structure point Daily
Around Psychological Level 0.57000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.11
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
NZDUSD Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for NZDUSD below:
The price is coiling around a solid key level - 0.5730
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.5669
Safe Stop Loss - 0.5766
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
NZDUSD is ready to push againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
REASONS WHY NZDUSD WILL PUSH DOWNGreeting everyone, it's been a while since I posted but let's get to it
These are my reason why NZDUSD will shoot down
1. As we can see our Uptrend Trendline was broken, this shows us a sign of bear/sellers coming into play to push the price down
2. Price failed to create a New Higher High showing that bulls/buyers are losing momentum to push the price higher, meaning sellers are gaining strength, furthermore we can see the formation of Double top
3. Our Major Low(NECKLINE) which was the final mark of Uptrend was broken meaning sellers
are more than buyers and the price will Push down
Best time to enter?
It would be to wait for a clear powerful breakout of sellers and a retest of the Major low, this will confirm that sellers are in total control indeed, then enter all the way to TP1/ Major Key Level
Best of luck traders
NZD/USD - 1H Chart Analysis📊 NZD/USD - 1H Chart Analysis
🔹 Current Price: 0.56923
🔹 Market Structure: Bearish trend with a potential bounce zone
📍 Key Demand Zone (Potential Buy Zone):
0.56776 - 0.56800 → Marked in green (potential reversal area)
📍 Resistance Zones (Target Areas for Buys):
0.57200 - 0.57400 → First resistance area
0.57550 - 0.57700 → Major supply zone
📈 Bullish Scenario:
✅ If price holds above 0.56776, expect a bounce towards 0.57200 - 0.57400.
✅ A strong breakout above 0.57400 could push towards 0.57700.
📉 Bearish Scenario:
🔻 If price breaks below 0.56776, further downside towards 0.56500 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmations at 0.56776 - 0.56800.
🎯 Sell Setup: Watch for rejections at 0.57200 - 0.57400.
🎯 Risk Management: Use a stop-loss below demand zones or above resistance.
#NZDUSD #ForexTrading #SmartMoney #TechnicalAnalysis 🚀
NZDUSD capped by resistance at 0.5770The NZD/USD currency pair remains in a bearish trend, supported by the longer-term prevailing downtrend. However, recent intraday price action suggests sideways consolidation, indicating a potential buildup before the next significant move.
Bearish Scenario:
The key level to watch is 0.5770, aligning with the previous consolidation zone.
A potential oversold rally toward 0.5770, followed by a bearish rejection, could reaffirm the downtrend.
If sellers regain control, downside targets include 0.5687, followed by 0.5665, with 0.5637 acting as a key longer-term support.
Bullish Scenario:
A confirmed breakout above 0.5770 on a daily close would challenge the bearish outlook.
This could trigger further upside momentum, leading to a test of 0.5793, followed by 0.5854 if bullish pressure strengthens. A sustained move above 0.5770 could indicate a broader trend shift.
Conclusion:
The overall sentiment remains bearish, but short-term consolidation suggests a possible test of 0.5770 before the next directional move. A bearish rejection at this level would reinforce the downtrend, while a breakout above 0.5793 would open the door for further upside. Traders should monitor price action closely at this key resistance zone for confirmation.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
NZDUSD LONG (SWING)This is fundamentally driven by the weakening US Dollar. Technically, the market is trading at around a support level (21 EMA) and has just broken above the iR. The PA is pointing upwards movement into the key levels above;
1. 0.575 psych level
2. Feb. Trading high
3. Purple foundation zone (lines up with 200 daily EMA)