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Newzealanddollar

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
NZDJPY: High upside potential.The NZDJPY pair is on a neutral technical price action on the 1D time frame (RSI = 51.078, MACD = -0.120, ADX = 32.313) as it reached the 0.5 Fibonacci level and 1D MA50 yesterday. This is the middle level of the long-term trading range inside the S1 and R1 Zones since April 20th 2022. So essentially this pair has been trading sideways for almost 1 year. Since the price recently rebounded (March 24th) at the top of the S1 Zone, we take this as a solid buy opportunity to target Fibonacci 0.786 (TP = 86.300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
NZDUSD: Head and Shoulders Pattern CompletedThe NZDUSD pair has completed a head and shoulders pattern on the daily timeframe, with two bullish engulfing candlestick patterns appearing in the last shoulder, indicating strong momentum pushing the price higher. On the 4-hour timeframe, we can see that the price has broken out of the downtrend and failed to make any lower lows, supporting our view that the price has reversed from a downtrend to an uptrend. However, the price needs to break above the neckline and resistance level at 0.62680, which it failed to do last week. Also, the 200-period moving average on the 4-hour timeframe may act as resistance. Therefore, we expect the price to dip slightly to the area between 0.62243 and 0.61925 before waiting for a buy signal to push the price towards 0.63550. If the price does not bounce off the support area and breaks above the neckline, that would be a signal to buy towards 0.63550. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
EURNZDEURNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
AUDNZDHi AUDNZD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992