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
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NZD-USD
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
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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
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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.
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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.
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NZDUSD ✨ CPI News Trade ✨ q/qAn Anticipatory Analysis of Price Action
(5) TP3 @ 0.7100 (close trade)
(4) TP2 @ 0.6700 (shave 25%)
(3) TP1 @ 0.6450 (shave 25%)
(2) BSO @ 0.6225 📈⏳
(1) BLO @ 0.6105 📈⏳
ADDITIONAL INFO:
1️⃣ If the PA (Price Action) PB (pulls back) during the NZD News on Wednesday evening, we should be able to capture the UT (uptrend) with this Buy Limit Order
2️⃣However, if PA continues the UT, then we'll be "good to go" with the Buy Stop Order
3️⃣This is our first chance to profit. I picked this price because there is a wick-over-wick (8D) that may work as a pullback, so let's put some money in our wallets and chop off 25% of our investment at Take Profit 1
4️⃣This is our second chance to make a buck. I picked this price since there is a Major Resistance level (6D) that might work as a retracement, therefore we need more money in our wallets before PA arrives. An additional 25% will be shaved at Take Profit 2
5️⃣This is our third chance at making a profit. This is where we quit the ride, cancel all of our remaining buy positions at Take Profit 3, and prepare to short this thing since there is a Major Supply Zone @ 0.6715 (8D) that has a strong likelihood of reversing the trend to a short position
AUDNZD Outlook 17 April 2023Toward the end of last week, the AUDNZD retraced from the resistance level of 1.0810 to trade down to the 1.0740 price level which coincided with the upward trend line and was within the area of the 38.2% Fibonacci retracement level.
The price bounced from the trendline and has now broken above the resistance level as the AUDUSD and NZDUSD weakened on Friday.
While the price could consolidate or retrace briefly, further downside on the NZDUSD could see the AUDNZD continue to trade higher to retest the next resistance level of 1.0890.
NZDUSD 4h analysis 🦐NZDUSD on the 4h chart after the test of the 0.63750 area retraced to the 0.618 fibonacci level over a support zone.
The price from there started an impulse to the 0.63200 area and is currently testing a 4h resistance.
How can i approach this scenario?
I will wait for a potential break of the area and if that happen i will monitor the market for a nice long order according to the Plancton's strategy rules.
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.615 zone, NZDUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.61500 support levels. We would also keep an eye on today's CPI if does come soft that should trigger USD weakness otherwise our plan on NZDUSD will be cancelled!
Trade safe. Joe.
NZDUSD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a buying opportunity around 0.61800. NZDUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching at 0.618 support and resistance zone. Concerning the Dollar the recent US data signals a cut of rate hike from the Federal reserve so we will keep in the watchlist the next week CPI to confirm the USD environment.
Trade safe, Joe.
NZDUSD Potential UpsidesHey Traders, NZDUSD is trading in an ascending channel and now seems to be in a correction phase in which it is approaching the channel support around 0.62400 zone. if Bulls are confirmed i would consider the channel resistance as a target. we would also be keeping American indices in the watchlist as they do correlate positively with the NZDUSD pair.
Trade safe, Joe.
NZDUSD Outlook 6th April 2023The NZDUSD spiked up yesterday as the RBNZ surprised markets with a 50bps rate hike (the forecast was for 25bps). With the interest rates now at 5.25%, it is just 25bps shy of the peak rates of 5.50% previously indicated by the RBNZ.
Following the spike up, the NZDUSD retraced the move to trade below 0.63 again (due to the overnight recovery of strength on the DXY).
With the support level at 0.6270 coinciding with the 61.8% fib level, this could be a crucial level. A break of the support could see the NZDUSD trade lower to retest the 0.6240 price level (the upward trendline)
NZDUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for NZDUSD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NZDUSD reaches upper channel boundary, shows reversal signsThe NZDUSD has been trading within a channel since mid-March and has now reached the upper edge of the channel. It has shown signs of reversal towards the downside. I expect the price to respond and fall to around 0.623, where it will meet the 100-period moving average on the 4-hour timeframe and an ascending monthly trendline
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