NZD-USD
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59200 zone, NZDUSD is trading in a downtrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend.
Trade safe, Joe.
NZDUSD Strong buy opportunity at the bottom of the Channel DownIt's been more than 2 months since we last gave an NZDUSD signal (see chart below), a buy call that hit straight into our 0.62750 target:
The price broke yesterday below Support 1 (0.59845) and today almost touched the bottom of the latest Channel Down pattern. With the 1D RSI almost on the 30.00 oversold barrier, this is a strong buy opportunity for a short-term rebound to at least the 0.618 Fibonacci Channel retracement level at 0.62000.
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👇 👇 👇 👇 👇 👇
🔥🔥🔥 NZDUSD...UT (15m) 🔥🔥🔥
BSO @ 0.6088 ⏳
BLO2 @ 0.6077 📈
BLO1 @ 0.6066 ⏳
Choose your TP based on your favorite trading strategy or time frame:
🇳🇿 NZDUSD (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 5 pips
15 minutes 3 pips
5 minutes 2 pips
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Ranging with an Uptrend Bias
— CounterTrend: NO (moderate risk trade)
NZDUSD, H4 | Potential Bullish BouncePrice is bouncing off a key support level, which is a major swing low support level, hence we could see the momentum carry price up to its take profit target.
Entry:
Why we like it: 0.6062
There is a major support key level for a potential bullish reversal.
Stop Loss: 0.5987
Why we like it:
There is a swing low support.
Take Profit: 0.6132
Why we like it:
There is a pullback resistance, 50%
Fibonacci Retracement and 78.6% Fibonacci Projection, which indicates Fibonacci confluence.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
🔥 NEW: NZDUSD 🔥 SWING 🔥BSO @ 0.6145
BLO1 @ 0.6115
BLO2 @ 0.6075
PA has kissed a Major Support Level without satisfying the Demand Zone.
However, being the the BIG PICTURE trend is up, it is possible that PA is creating a Higher Low @ 0.6145 to reflect a continuation of the UT.
1 Shaving 50% of my position @ TP1 thru TP3
2 Add-Ons are 50% Buy Stop Order positions
3 Closing ALL Buy Orders @ TP4
NZDUSD (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 05 pips
15 minutes 03 pips
5 minutes 02 pips
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Ranging with an Uptrend Bias
— CounterTrend: NO (moderate risk trade)
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a short term selling opportunity around 0.62300 zone, NZDUSD is trading in a downtrend and currently seems to be in a consolidation phase in which it is approaching the trend at 0.62300 support and resistance zone.
Trade safe, Joe.
✨NEW: NZDUSD ✨ SWING TRADE ✨SLO2 @ 0.7425 ⏳
SLO1 @ 0.7150 ⏳
TP4 @ 0.7050 (closing ALL Buy Orders)
TP3 @ 0.6900 (shaving)
TP2 @ 0.6715 (shaving)
TP1 @ 0.6500 (shaving)
BLO @ 0.6325 ⏳
📈 I'm anticipating a continuation of the UT. If I'm correct, we have some BIG MONEY coming.
TECHNICAL ANALYSIS
The New Zealand economy is expected to grow at a faster pace than the US economy in 2023, and this could lead to a stronger NZDUSD exchange rate. Additionally, the Federal Reserve is expected to raise interest rates more aggressively than the Reserve Bank of New Zealand, which could also support an uptrend for the Kiwi Dollar.
Overall, the current technical analysis for the Kiwi Dollar is mixed. There are some technical indicators that suggest that the downtrend could continue, but there are also some fundamental factors that could support a near-term uptrend.
Keep monitoring these indicators:
The 200-day moving average: This is a long-term moving average that can provide support or resistance for the NZDUSD pair. If the price breaks below the 200-day moving average, it could signal a continuation of the downtrend.
The MACD indicator: This is a momentum indicator that can help to identify overbought and oversold conditions. If the MACD indicator turns bearish, it could signal that the downtrend is resuming.
The relative strength index (RSI): This is a momentum indicator that can help to identify overbought and oversold conditions. If the RSI falls below 30, it could signal that the Kiwi dollar is oversold and due for a rebound.
NZDUSD to find buyers at previous resistance?NZDUSD - 24h expiry
The move lower is mixed and volatile, common in corrective sequences.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.6250.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 0.6300 will confirm the bullish momentum.
We look to Buy at 0.6250 (stop at 0.6215)
Our profit targets will be 0.6325 and 0.6350
Resistance: 0.6300 / 0.6325 / 0.6350
Support: 0.6275 / 0.6250 / 0.6225
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSD Potential UpsidesHey Traders, in the coming week we are monitoring NZDUSD for a buying opportunity around 0.62800 zone, NZDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.62800 support and resistance zone.
Trade safe, Joe.
NZDUSD to turnaround at trend of lower highs?NZDUSD - 24h expiry
Trend line resistance is located at 0.6160.
Price action has continued to trend strongly higher and has stalled at the previous resistance near 0.6160.
We expect a reversal in this move.
Momentum is flat, highlighting the lack of clear direction.
A move through 0.6130 will confirm the bearish momentum.
We look to Sell a break of 0.6125 (stop at 0.6160)
Our profit targets will be 0.6045 and 0.6025
Resistance: 0.6160 / 0.6180 / 0.6200
Support: 0.6130 / 0.6100 / 0.6050
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSD, H1 | Potential bearish reversalPrice is testing a key overlap resistance which is also in line with the 38.6% Fibonacci retracement and the -27% Fibonacci expansion. A reversal from here could see prices drop all the way down to the 0.6071 support level which is an overlap support level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.61800 support and resistance zone.
Trade safe, Joe.
NZDUSD Potential downsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
NZDUSD to extend losses?NZDUSD - 24h expiry - We look to Sell a break of 0.6150 (stop at 0.6180)
Trend line resistance is located at 0.6175.
We expect a reversal in this move.
A move through 0.6150 will confirm the bearish momentum.
Short term RSI has turned negative.
The measured move target is 0.6075.
Our profit targets will be 0.6075 and 0.6050
Resistance: 0.6175 / 0.6200 / 0.6225
Support: 0.6150 / 0.6100 / 0.6075
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.