Bearish drop off 50% Fibonacci resistance?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 0.5576
1st Support: 0.5557
1st Resistance: 0.5640
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USDNZD trade ideas
NZDUSD to find sellers at market price?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5540 will confirm the bearish momentum.
The measured move target is 0.5475.
We look to Sell at 0.5585 (stop at 0.5625)
Our profit targets will be 0.5485 and 0.5470
Resistance: 0.5550 / 0.5580 / 0.5600
Support: 0.5525 / 0.5500 / 0.5475
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NZDUSD - Expect retracement !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, but for now I expect price could make a retracement to fill the imbalance higher and then to reject from bearish OB.
Fundamental news: This week on Wednesday (GMT+2) we will see results of yearly and monthly CPI on USD, news with high impact on currency.
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NZDUSD ShortMarket structure Bearish on HTFs 3
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Structure point Daily
Around Psychological Level 0.56000
H4 EMA retest
H4 Candlestick rejection
Levels 6.2
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Market Analysis: NZD/USD Under Fire, Deeper Losses Ahead?Market Analysis: NZD/USD Under Fire, Deeper Losses Ahead?
NZD/USD is also moving lower and might extend losses below 0.5540.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.5690 resistance zone.
- There is a short-term bearish trend line forming with resistance at 0.5580 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.5700 zone. The New Zealand Dollar gained bearish momentum and traded below 0.5635 against the US Dollar.
The pair settled below the 0.5600 level and the 50-hour simple moving average. Finally, it tested the 0.5540 zone and is currently consolidating losses.
Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 0.5692 swing high to the 0.5542 low at 0.5580. There is also a short-term bearish trend line forming with resistance at 0.5580.
The next resistance is the 0.5620 level or the 50% Fib retracement level of the downward move from the 0.5692 swing high to the 0.5542 low. If there is a move above 0.5620, the pair could rise toward 0.5635.
Any more gains might open the doors for a move toward the 0.5690 resistance zone in the coming days. On the downside, immediate support on the NZD/USD chart is near the 0.5540 level.
The next major support is near the 0.5500 zone. If there is a downside break below 0.5500, the pair could extend its decline toward the 0.5465 level. The next key support is near 0.5420.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Mon 13th Jan 2025 Daily Forex Charts: 4x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/USD Sell, EUR/USD Sell, GBP/USD Sell & NZD/USD Sell. I also discuss some trade management. Enjoy the day all. Cheers. Jim
NZDUSD TRADE IDEA : SHORT | SELL (13/01/25)Very nice and easy setup. Nothing fancy with the opportunity of doubling the RR.
Following the order flow - no forcing whatsoever - I decided that the sell made most sense. Entry makes sense with the break of structure coming at the hands of a clear heavy imbalance.
RR1: 2.48
RR2: 4.21
NZDUSD - Potential Long from Key Support ZoneThe NZDUSD pair is currently approaching a significant demand zone near the 0.55800 - 0.54700 level. Historically, this area has acted as a strong support, leading to notable bullish reversals. The recent decline into this zone suggests a potential for buyers to regain control and push prices higher.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would indicate an increased likelihood of a move upward. If this scenario unfolds, the price may head toward the 0.57580 level.
This setup aligns with a potential short-term rebound within the broader bearish market structure.
What are your thoughts on this outlook?
NZDUSD Is Approaching The DowntrendHey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.55800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55800 support and resistance area.
Trade safe, Joe.
NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZD-USD Swing Long! Buy!
Hello,Traders!
NZD-USD keeps falling down
In a strong downtrend but
The pair is locally oversold
And as it is about to hit a
Massive horizontal support
Of 0.5512 we will be expecting
A local bullish rebound and
A further bullish correction
Buy!
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NZDUSD Wave Analysis 10 January 2025
- NZDUSD falling inside weekly impulse wave C
- Likely to fall to support level 0.5500
NZDUSD currency pair recently reversed down from the lower trendline of the wide weekly down channel from the start of 2023 (which is acting as the resistance after it was broken in December).
The downward reversal from this down channel accelerated the active impulse C-wave of the weekly downward ABC correction (2) from the start of last year.
Given the strong downtrend on the weekly charts, NZDUSD currency pair can be expected to fall toward the next long-term support level 0.5500 (which stopped the sharp weekly downtrend at the end of 2022).
NZDUSD: Long Signal with Entry/SL/TP
NZDUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDUSD
Entry Point - 0.5562
Stop Loss - 0.5539
Take Profit - 0.5608
Our Risk - 1%
Start protection of your profits from lower levels
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NZDUSD BULLISH TRADE IDEA NZDUSD is printing lower highs and lower lows. But RSI indicator shows a bullish Divergence which is a clear sign the price momentum shift the bullish side soon. So my idea is a bullish side.
trade plan: bullish
order type: buy stop
Entry level: 0.56167
Stoploss: 0.55772
Take profit: 0.56611
NZDUSD Timeframe D1 Fall!OANDA:NZDUSD D1 timeframe Falling
OANDA:NZDUSD
30September 2024 to January 10 2025 Continue low. NZDUSD have sell Trend 3 time time Lower low BOS
BOS
1. 0.59134
2. 0.58005
3. 0.56020
NZDUSD make fallig wedge pattern and trend bearish. MA cross breakout breaish
Current Price 0.55900
Target 0.55044
Target 0.54030
Target 0.53308
Stop Loss 0.56770