USDNZD trade ideas
NZDUSDIs NZDUSD getting bid after massive sell rally?
As the price is been on strong bearish trend but now it seems like price is getting some bullish momentum after reaching at support level and simultaneously has completed bullish harmonic pattern.
If the bulls took control , the 1st target could be 0.60500 followed by 0.6150.
What you guys think of it?
NZDUSD 29.7 - xAs you know at the moment my bias on DXY are still bearish so I would like to see pairs against the USD gaint the strength. NZDUSD came very deep into the buy zone of the lowest range possible so I will be looking for buys on this pair as well. It all depends on DXY and smaller time frame structure development.
NZDUSD Is Very Bullish! Buy!
Please, check our technical outlook for NZDUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.588.
The above observations make me that the market will inevitably achieve 0.592 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDUSD Buystop - Triple bottom with bullish RSI divergenceNZDUSD has formed a triple bottom on the 1 hour TF with a bullish RSI divergence. Planning a buy stop on breakout of previous resistence.
EP: 0.59069
SL: 0.58769
TP1: 0.59369
TP2: 0.59669
NZDUSD Bearish 15 MinLooks like retracement over 1 H down leg is complete. Sold at breakout of double bottom.
It is still in a declining phaseIt will continue to fall, but is approaching the first support. If it does not break it, it will rise according to the scenario
Short trade
Sell-Side Trade Details:
Date: Tue 23rd July 2024
Session: Tokyo Session PM
Time: 3:30 PM
Entry: 0.59522
Profit Level: 0.58848 (1.13%)
Stop Level: 0.59609 (0.15%)
Risk-Reward Ratio (RR): 7.75
NZD-USD Long From Support! Buy!
Hello,Traders!
NZD-USD went down but
The pair will soon retest
A horizontal support level
Of 0.5854 and as the pair
Is locally oversold I think
That we will see a local
Bullish rebound
Buy!
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NZDUSDIts time for kiwi to start gaining in the market. I am personally favouring nzdusd buys. Price currently sits on a higher time frame orderblock. Good luck.
NZD/USD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are going long on the NZD/USD with the target of 0.603 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.
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NZD/USD Drops as Odds of RBNZ Rate Cut Increase, What's Next?"Since the 18th of July, NZDUSD has dropped for 6 consecutive days. This is due to the increased expectations of a rate cut by RBNZ in the upcoming meeting (14th of August). What should we expect as the NZDUSD is approaching the 0.58600 support zone?
1. Current Situation
Fundamental Analysis:
- Expectations of interest rate cuts in August by RBNZ are rising (near future expectation of weakening NZD).
- FOMC is expected to hold interest rates in August, but there is an expectation of 3 cuts soon (near future expectation of a stable USD).
Technical Analysis:
- NZDUSD is approaching the 0.58600 support zone, there might be a rebound as buyers enter the market and pause the drops.
2. Key Levels to be Aware Of
Support Zone:
- 0.57700 to 0.58000. If the price can hold above these figures, NZDUSD might have a chance to rebound. If the price breaks below the 0.57700 support zone, there will be a high chance that NZDUSD will continue a downtrend until it hits the next support at 0.55200.
Short-term Resistance:
- If the price rebounds, the nearest (short-term) resistance will be at 0.60500, followed by a stronger resistance at 0.62000.
3. Things to be Aware Of
RBNZ & FOMC Policy Announcements:
Any forthcoming statements or decisions from the RBNZ or FOMC will be crucial.
For RBNZ, a confirmed rate cut or dovish tone could push the pair lower, while a more neutral tone could support a recovery."
NZDUSDWhat are the odds that this Pair will buy to those zones. we have a Break of Market structure and it went down for more liquidity. We join the market at the current market price
NZDUSDPair : NZDUSD ( New Zealand Dollar / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
CHoCH
RSI - Divergence
Fibonacci Level - 78.60%
Bullish Channel
He could not break the supportAlthough it reached the support, it was unable to break it, so we will have a rise in the coming days.
NZDUSD | LONG
Potential buy opportunity on NZDUSD
One main opportunity along with a backup trade in case the 1st main trade failed.
1st Main Trade:
Entry Price: 0.58890
SL: 0.58790
TP: 0.59300
R2R : 4.1:1
Backup Trade:
Entry Price: 0.58822
SL: 0.58706
TP: 0.59300
R2R: 4.12:1
Good Luck
NZDUSD - BEARISH - UPDATEFirst Scenario Played Out Nicely, Watch The Second Scenario. Waiting For Confirmation To Look For Sells. I Expect NU To Die.
NZD_USD SUPPORT AHEAD|LONG|
✅NZD_USD has been falling recently
And the pair seems locally oversold
So as the pair is approaching a horizontal support of 0.5850
Price growth is to be expected
LONG🚀
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NZDUSD bullish reversalNZDUSD being bearish for quite a long time
making bullish divergence
EP from 2nd last LH
SL below last LL
NZDUSD: Wave b) is a triangle ? Target 0.7000?DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
NZDUSD SHORTIf the NZDUSD breaks thedrawn area and move out of the small ascending channel then I expect it will go down to the drawn targets.
