NZDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62700 zone, NZDUSD was trading in an uptrend and currently seems to be attempting to break it out, if we get dips below 0.62700 support we will look for a potential retrace of the trend towards more lows.
Trade safe, Joe.
NZD-USD
NZDUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62400 zone, in above chart we have a break out of NZDUSD trend due to USD strength over commodities, currently we will be watching a potential retrace of the trend from 0.62400 resistance.
Trade safe, Joe.
NZDUSD to find buyers at current swing low?NZDUSD - 24h expiry
Previous support located at 0.6225.
Previous resistance located at 0.6250.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6250 will confirm the bullish momentum.
We look to Buy at 0.6190 (stop at 0.6160)
Our profit targets will be 0.6265 and 0.6285
Resistance: 0.6250 / 0.6260 / 0.6275
Support: 0.6225 / 0.6200 / 0.6175
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:DXY pullbacks before further strength?Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.626 zone, NZDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.626 support and resistance zone.
Trade safe, Joe.
NZDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62100 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction to see a potential retrace of the trend from 0.62100 support and resistance zone.
Trade safe, Joe.
HUGE Buy Opportunity NZD/USD There is a significant buying opportunity on the NZD/USD currency pair at the price level of 0.61800. Traders may view this as a favorable entry point to go long on NZD/USD, anticipating a potential upward price movement from this level. However, it is important to conduct a thorough analysis and consider other factors, such as market conditions and risk management, before making any trading decisions.
Purchase The BreakoutBuddy🚀 HERE http;//www.SuperTrendFx.com
My YouTube Channel www.youtube.com
Open A DEMO Account Today kot4x.com 👈
Open A DEMO Account login.hankotrade.com 👈
❤❤ If You Like This Idea, You Will Have a GREAT Trading Week 👍
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62 zone, NZDUSD was trading in an uptrend and currently seems to be attempting to break it out with a current bullish DXY, if we get any dips below the support we would be looking for a potential retrace of the breakout from 0.62 support and resistance zone.
Trade safe, Joe.
NZD USD - FUNDAMENTAL ANALYSISAn 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.
NZD USD - FUNDAMENTAL ANALYSISAn 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.
NZDUSD to see a higher correction?NZDUSD - 24h expiry
We expect a reversal in this move.
Price action looks to be forming a top.
A move through 0.6340 will confirm the bearish momentum.
Momentum is flat, highlighting the lack of clear direction.
The measured move target is 0.6250.
We look to Sell a break of 0.6340 (stop at 0.6370)
Our profit targets will be 0.6270 and 0.6250
Resistance: 0.6360 / 0.6370 / 0.6400
Support: 0.6340 / 0.6300 / 0.6250
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.
Nzd/usd short term swing trade Hello traders Nzd/usd has possible upside higher time frame suggests bullish condition we have seen sharp move up breaking 0.64680 institutional level and the market dropped 0.61420 to buy at a good price . price comes at that area to buy more price love that level we can target to fill up the void this can take sometimes or faster depending on how fast they want to get to the level we need to get that pull back . we just have to be patient .
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.63700 zone, NZDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.63700 weekly supply and demand zone.
Trade safe, Joe.
NZDUSD to find support at previous resistance?NZDUSD - 24h expiry - We look to Buy at 0.6205 (stop at 0.6176)
Previous support located at 0.6200.
Previous resistance located at 0.6250.
Price action looks to be forming a bottom.
The trend of higher lows is located at 0.6100.
A move through 0.6250 will confirm the bullish momentum.
Our profit targets will be 0.6278 and 0.6298
Resistance: 0.6250 / 0.6275 / 0.6300
Support: 0.6225 / 0.6200 / 0.6175
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NZDUSD Potential Long Forecast | 3rd March 2023Fundamental Backdrop
1. Employment Change q/q which is a leading indicator of consumer spending increased from 0.5% to 0.8%. This shows that overall economic activity has increased.
2. Unemployment Rate maintained at 3.4% instead of the forecast of 3.5%. This shows that the overall economic health is stabilizing.
Technical Confluences
1. Next resistance at 0.62750
2. Support at 0.61800
Idea
Looking for price to continue bullish and head towards the next resistance at 0.62750
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.63 zone, NZDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.63 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 0.61900 zone, NZDUSD was trading in an uptrend and successfully managed to break it out and now seems to be in a correction phase in which it is approaching the retrace zone at 0.619 support and resistance area. Fundamentally the market is pricing another rate hike in early May which should trigger some dollar strength especially after a bunch of Feds hawkish comments.
Trade safe, Joe.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.621 zone, NZDUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.62 support and resistance zone. once bears are confirmed i would consider the channel support as a target keeping an eye also on the coming FOMC early May.
Trade safe, Joe.
NZDUSD Potential downsidesHey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.616 zone, NZDUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.616 zone, we would also consider potential USD longs ahead of the coming Fomc as the market is expecting further rate hikes with the recent feds hawkish comments.
Trade safe, Joe.
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! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇