Mid-term SellIn the price breaking the mid-term trend channel on H1, we expect a pullback to the 38.2% Fibonacci retracement level. The rise in the DXY also supports this expectation.
USDNZD trade ideas
NZD/USD POTENTIAL UP ?
Hello everyone, I'm here to share my views on NZD/USD. Please note that this is purely my personal opinion.
As observed from last week's candlestick data, NZD/USD managed to rise from a low of 0.60464 to a high of around 0.62365.
From last week's close, NZD/USD has dropped to 0.61942. It is now around 0.62253 and has the potential UP TO 0.62619 - 0.63034
Feel free to share your thoughts on my view, and I apologize if my English isn't perfect as I used a translation tool.
Double Bottom LongGood day traders, i know it has been a while since i published any ideas but i am back now. Lets get into it, so on the idea above we clearly see that NZDUSD has been strongly bullish for the past few weeks and it formed what we can agree to be a Double Bottom formation on Support level(0.58945-0.58575) and i believe price is heading for Resistance(0.63366-0.64094). It is up to you to figure out how it is going to go about getting to this resistance, meaning find entries that accommodate your accounts. Thank you
Higher time frame breakdown of nzdusdHey guys,
looking at higher time frame breakdown of a complex corrective pattern - high likelihood of this playing out as drawn on chart #nzdusd
NZDUSD: Potential Range Trading OpportunityNZDUSD: Potential Range Trading Opportunity
The price shows the possibility that a Potential Range Trading Opportunity could develop.
This pattern could push the price back down even though we are in an uptrend.
It's a risky, but everything has to be corrected at some point.
1-) As long as the price develops below 0.6235 it should move down again.
2-) If the price moves above 0.6235 then the bullish trend may resume again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDUSDNZDUSD is in reversal mode.
Bearish divergence also shown in RSI.
Double Top reversal pattern also form .
Market sentiment is also very bearish .
We wait and watch for the breakout of Double top reversal pattern Neckline.
NZDUSD: Very Bullish Pattern 🇳🇿🇺🇸
NZDUSD formed a bullish flag pattern on an hourly time frame
after a recent strong bullish movement.
The breakout of the resistance of the flag is a strong bullish signal.
It signifies a highly probable bullish trend continuation.
The price may reach 0.6235 / 0.6245 levels soon.
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NZD/USD Bullish BreakoutThe NZD/USD chart shows a bullish breakout above 0.6200, turning it into support. The target is the 0.6330-0.6350 resistance zone. A potential long trade with entry near 0.6200, a stop-loss below this level, and take-profit around 0.6350 is suggested, capitalizing on the upward momentum.
NZDUSDDouble Bottom pattern formed on NZDUSD weekly chart, might show some retracement to fulfil the principle of Double Bottom before going further.
NZDUSD - Bullish Trend S2The trend is looking good with no divergence. The indices are opposite and we will buy it instantly. The trade levels are set!
NZD/USD: Bearish Reversal Signal with Key ConfluencesThe NZD/USD pair is currently exhibiting signs of a potential bearish reversal, highlighted by the formation of a Bearish Butterfly Harmonic Pattern . This pattern, when combined with the key technical confluences identified, supports a strong bearish outlook for the pair in the short to medium term.
Bearish Butterfly Harmonic Pattern:
The Bearish Butterfly Harmonic Pattern has formed near a critical resistance zone, suggesting a potential price reversal. The confluence of this pattern with the 78.6% Fibonacci retracement level on the weekly chart further reinforces the bearish sentiment. The harmonic pattern's completion at this juncture is a significant indication that the upside momentum may be waning.
Key Resistance and Trendline Confluence:
Price has recently tested and rejected a key resistance level, which aligns with both the descending trendline and the 78.6% Fibonacci level on the weekly chart. This rejection adds credibility to the bearish bias, as it suggests that sellers are stepping in to defend this area.
RSI Divergence on 4-hour time frame:
An additional layer of confluence is provided by the RSI divergence observed on the 4-hour timeframe. The RSI has shown a bearish divergence, indicating weakening bullish momentum. This divergence often precedes a trend reversal, further supporting our bearish outlook for NZD/USD.
Trade Plan:
Given the confluence of these technical factors, the following trade setup is recommended:
Entry: 0.61970
Stop Loss: 0.62400
Take Profit Targets
TP-1: 0.61540
TP-2: 0.61110
TP-3: 0.60680
Risk Management:
This trade setup offers a favorable risk-to-reward ratio, with tight risk management in place. The stop loss is placed just above the key resistance level to protect against potential false breakouts.
Conclusion:
The combination of the Bearish Butterfly Harmonic Pattern, key resistance rejection, trendline confluence, and RSI divergence points to a strong bearish case for NZD/USD. Traders should consider entering the trade at the specified levels, with a clear focus on the risk management strategy outlined above.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult with a licensed financial advisor before making any trading decisions.
NZDUSD → Attempt to change the trend amid falling dollarFX:NZDUSD is strengthening from the opening session amid the dollar's return to southward movement. Traders are intensifying USD sell-offs amid expectations of interest rate cuts...
Despite the New Zealand Central Bank's interest rate cut, the USD sell-off is more active on the currency pair. The dollar is forming a retest of support, which increases the chances of further decline in the price amid strong sell-offs.
The currency pair is testing the resistance at 0.6083, but at the moment there is a high probability of correction to the imbalance zone. The reason is that we approached the zone too quickly, we need to accumulate the pre-breakout potential. But, if the bulls manage to consolidate above the resistance, then the market will move to the realization phase after the trend line breakout.
Resistance levels: 0.60828, 0.61475
Support levels: 0.6036
Fundamentally, the environment points to the continuation of growth. Technically, the bulls will have to pass through the trigger at 0.60828 to start the realization phase.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;)
Regards R. Linda!
NZDUSD**NZDUSD Price Action Analysis – Monday, August 26**
From a price action perspective, the overall trend of the NZDUSD pair is bullish, and the short-term structure is expected to remain inclined towards an upward movement. As a result, the price may bounce off the pivot level and head towards the first resistance.
- **Pivot Level: 0.6202**
- This level aligns with other price levels and could lead to increased buying pressure.
- **First Support: 0.6127**
- This support represents a key technical reversal level and may limit further downward movements.
- **First Resistance: 0.6339**
- This resistance marks a recent turning point and could see heightened selling pressure around it.
NZD_USD RISKY LONG|
✅NZD_USD is trading in
An uptrend and the pair
Broke the key horizontal
Level of 0.6212 so we
Are bullish biased and
We will be expecting
Further growth
LONG🚀
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NZDUSD - Ready for Explosive Break outNZDUSD had been trading with in corrective triangular range for some days. Now we had a volume powered break out from this range. Price is expected to retrace from resistance of long term trend line and then explode out of long term trendline too.
NZDUSD Bearish for short time and Bullish for long timeThe NZDUSD in weekly chart shows that it has given breakout of the Symmetrical triangle pattern and Is currently at another resistance level(red line) . Before it moves to higher price it need correction as it has run a lot in last week after the small correction, the price may break this Resistance. Have profitable trade !
NZD/USD Daily AnalysisSince printing a double bottom at 0.5877 we have seen a strong NZD against a weaker USD. Price closed above d0.6210 daily resistance on Friday with the next resistance level at 0.6360 in sight if the bias continues.
NZDUSD Is Approaching The Weekly Resistance and USD SeasonalityHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62500 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62500 support and resistance area.
Trade safe, Joe.
nzdusd analysis elliot. 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: Important Breakout 🇳🇿🇺🇸
NZDUSD successfully broke and closed above a major daily resistance cluster.
Then broken structure turns into support now.
I think that the market will continue growth.
Next resistance - 0.6266
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Waiting for a retest near new supportGold is still bullish at the moment until after the US election, this analysis is based on correlation of Gold with Kiwi. My recent analysis of last month of this pair of a possible short played out in the opposite direction. But coming into a new month and into the end of the Quarter I see price being still bullish and trending towards last years high and major resistance (0.65204).In my opinion a possible retest near 0.6200 near the 13 and 50 ema with clear bullish signals could signal a clear uptrend continuation which could possible trend until reaching a new resistance which is near last years high.
