Get started

Newzealanddollar

NZDJPY Buy opportunity with its invalidation.The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the Resistance Zone at 86.500. The 1W RSI is printing a pattern similar to October 2021 - February 2022, supporting this bullish scenario, as the price has also broken above the top's Lower Highs trend-line. On the other hand, if we close a 1D candle below the 1D MA50, the bullish case will be invalidated and we will sell targeting the 80.600 Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
5
GBPNZD growth from the bottom of ascending channel(Shor term)🚀GBPNZD can start to grow again from the bottom of the ascending channel. 💡Reasons for GBPNZD growth:💡 A Hidden Divergence(HD+) between two successive valleys in the ascending channel. Buy signal in RSI indicator . Confirmation of the end of the movement by the StochRSI indicator . Hammer🔨 Candlestick Pattern formation at the bottom of the ascending channel. 🔅British Pound/New Zealand Dollar ( GBPNZD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
27
NZD USD - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
by thunderpips
NZDUSD Trade long-term based on this Channel Down.The NZDUSD pair is trading within a Channel Down pattern, having just broken below the 1D MA200 (orange trend-line). The short-term Resistance is the 1D MA50 (blue trend-line). The key here is the 0.60850 Support. As long as it holds, expect a rise back to the top of the Channel Down, with our target being at 0.63000. A closing below the 0.60850 Support, will be a sell signal for us, targeting the bottom of the Channel Down at 0.59000. On the longer term, if the price breaks above Resistance 1, we'll target Resistance 2 at 0.65435. Only a break above the top of the 2 year Bearish Megaphone can justify more buying. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
NZDUSD: Inverse Head and Shoulders. Excellent buy.The NZDUSD pair is under the 1D MA50, in marginally bearish 1D technicals (RSI = 44.978, MACD = -0.001, ADX = 16.625) but over the 1D MA200 and with S1 just below it. However the long term pattern emerges as an Inverse Head and Shoulders, a technically bullish formation that shapes market bottoms. Consequently, this is a buy opportunity for us targeting R1 (TP = 0.65400) on the medium term. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
Recession Probability Dumped NZDIn the 4-hour and daily timeframe, FRVP shows the $0.6230 level as a critical support. At the same time, we see that it has been in the ascending channel since the beginning of March and is currently breaking the lower support of the channel. The fact that the sub-support of the channel and the FRVP support are in the same region increases the risk level of this region. The prospect of New Zealand's possible recession has pushed the NZD below this risk level. In such a scenario, it is possible to see $0.60 levels.
Short
by YavuzAkbay
NZDUSD was in a Bull Trap after breaking the 🔴resistance zone🔴It seems that NZDUSD will not succeed in breaking the 🔴resistance zone($0.6250-$0.606)🔴, and this failure plays the role of a fake break or bull trap. If we look at NZDUSD from the theory of Elliott waves, NZDUSD is moving in a descending channel, which can complete the correction structure ABC, which is zigzag(5-3-5); I expect wave C of the correction structure to finish in 🟡Price Reversal Zone(PRZ)🟡. 🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
AUD USD / AUD NZD - FUNDAMENTAL DRIVERSForeign exchange analysts at BNP Paribas suggest a bullish outlook for the AUD/USD and AUD/NZD exchange rates, citing global market stabilisation, the divergence between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ), housing market vulnerabilities, and seasonal performance in risky assets. Global Markets Stabilizing and Impact on Exchange Rates FX strategists at the French international banking group highlight that global markets have stabilised following financial stress in the financial sector. This stabilisation is expected to lead to a broad weakening of the USD and a recovery in equity-sensitive currencies trading near recent lows, such as the Australian Dollar to US Dollar exchange rate. "Over the coming weeks, we see scope for equity-sensitive currencies trading near recent lows, such as AUDUSD, to recover in line with a broad weakening of the USD." Global Risk Premium Index and Seasonal Performance Saimbi points out that the BNP Paribas global risk premium index is at high levels, suggesting investor appetite is excessively low and therefore that risk-reward is attractive to add risk-on positions. Additionally, BNP Paribas's seasonality analysis shows that in early April, risky assets tend to perform well, which may have a positive impact on the AUD/USD exchange rate. "BNP Paribas’s seasonality analysis finds that in early April, risky assets tend to perform well." Momentum to Sell USD Saimbi indicates that recent data have led the market to further price out Fed tightening, and the USD's reaction to downside surprises has been marked. As a result, there is an appetite to build USD shorts, which may lead to a fast rally in the AUD/USD exchange rate. "We believe this suggests the market could have a good appetite to build USD shorts here." RBA and RBNZ Divergence The divergence between the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) in terms of policy rates is a fast-growing theme in the FX markets. The RBA has kept policy rates unchanged at its last meeting, and Governor Lowe has suggested that rate increases are not over. In contrast, the RBNZ has been more hawkish, with markets pricing in a large degree of divergence between the two central banks. "This means the market’s pricing for such a large degree of RBA divergence from the RBNZ may not be realised, especially considering its inflation projections are remarkably similar." Housing Market Vulnerabilities According to the analyst, the divergence between the RBA and RBNZ is even more unjustified when considering risks to Australia's economy from the housing market. Australia still has relatively large excess savings buffers accumulated during the pandemic, and debt service ratios may have only risen to pre-pandemic average levels. "We find a smaller proportion of lower earners in Australia than elsewhere." Australian Dollar Exchange Rate Forecasts Saimbi suggests that with markets pricing in only about a 20% chance of a further 25bp hike from the RBA at the moment, risks appear more asymmetrically skewed to the upside. In contrast, the more hawkish RBNZ meeting (5 April) presented an opportunity to sell NZD. The analyst recommends going long on the Australian Dollar to US Dollar exchange rate (AUD/USD) and the Australian Dollar to New Zealand Dollar exchange rate(AUD/NZD). This implies a bullish outlook for the AUD against the USD and NZD currencies. "We think the pullback in AUDNZD presents an opportunity to buy the cross, given that we think the divergence currently priced in between the RBNZ and RBA is not likely to prove sustainable, especially as we judge New Zealand’s housing market to be more vulnerable than Australia’s."
by thunderpips
AUDNZD: Rejected on the long term Pivot. Bearish.The AUDNZD pair is technically bearish on the 1D timeframe (RSI = 42.033, MACD = -0.005, ADX = 29.502), trading under the P1 Zone, which has been in place since 2021. It is under both the 1D MA50 and 1D MA200 and it targeting the HL trendline (TP = 1.05300). If the dashed LH trendline breaks, we will buy aiming at R1 (TP = 1.10800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4