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
NZD-USD
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
-------------------------------------------------------------------------
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!
NZDUSD Potential UpsidesHey Traders, in the coming week we are monitoring NZDUD for a buying opportunity around 0.622 zone, NZDUSD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.622 support and resistance zone. i would also recommend to be watching indices as well to confirm the trade as american indices do correlate positively with the NZDUSD pair.
Trade safe, Joe.
NZDUSD Long Forecast| 31st March 2023Fundamental Backdrop
1. China's Purchasing Managers' Index (PMI) beat expectations, indicating that the economy is improving faster than expected
2. This can help further strengthen the NZDUSD because China is New Zealand's second-largest trading partner
Technical Confluences
1. Price at the 0.62800 support level
2. Next major resistance at 0.63650
Idea
With a medium bullish bias for NZD today, we could see price head up towards the next major resistance at 0.63650
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 Short Forecast | 30th March 2023Fundamental Backdrop
1. NZD Building Consents m/m, a leading gauge of future construction activity dropped from -5.2% to -9%
2. This can lead to lesser jobs and reduced construction services
3. NZD ANZ Business Confidence, a leading indicator of economic health dropped from -43.3 to -43.4
4. This could be an early signal of reduced future economic activity such as spending, hiring, and investment.
Technical Confluences
1. Price reflected off the resistance at 0.62600
2. Near-term support at 0.61800
Idea
With a medium bearish bias for NZD today, we could see price head down towards the near-term support at 0.61800
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 UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.62 zone, NZDUSD is trading in an ascending and pullbacks seems to be extending and approaching the major trend around 0.62 support and resistance zone. if the rejection is confirmed with current USD weak environment i would set 0.63 as a target as it's considered the next major resistance zone NZDUSD will be facing.
Trade safe, Joe.
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZUSD for a buying opportunity around 0.618 zone, NZDUSD is trading in an ascending channel in which it's approaching the channel support zone, once the rejection is confirmed i would consider the channel resistance as a target. fundamentally the last Fomc showed some dovish sentiments from fed which should be bearish Dollar and bullish stocks. stocks as well are positively correlated with NZDUSD.
Trade safe, Joe.
NZDUSD in positive channel.NZDUSD - 19h expiry - We look to Buy at 0.6205 (stop at 0.6165)
Price action is located in bullish channel.
Previous resistance located at 0.6300.
Price action looks to be forming a bottom.
A move through 0.6300 will confirm the bullish momentum.
The trend of higher lows is located at 0.6190.
Our profit targets will be 0.6305 and 0.6325
Resistance: 0.6300 / 0.6350 / 0.6400
Support: 0.6250 / 0.6200 / 0.6150
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 on an inverse H&S 🦐NZDUSD after our previous analysis reached the 0.61 support area.
The price created a potential inverse Head & Shoulders pattern with 2 right shoulders that have higher lows.
The pairs has now broken the neckline and some more buying pressure can be seen at the EU or US market open.
How can i approach this scenario?
I will wait for a potential test of the previous resistance, now turned support, and IF the price will satisfy the Plancton's strategy rules we will set a nice Long order.
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!
NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61800 zone, NZDUSD is trading in an uptrend and extending pullbacks seem to be approaching the major trend around 0.61800 support and resistance zone. Fundamentally we are coming across a big event today. Market is expecting fed to pivot which should be bearish for the Dollar but since now nothing is confirmed as we have to see the data. a dovish FOMC should be bearish for the Dollar and a hawkish one should be bullish.
Trade safe. Joe.
NZDUSD Outlook 20th March 2023As the DXY weakened, this saw the NZDUSD trade steadily higher, bouncing from the 0.6150 price level up toward the 0.6280 resistance level. The 0.6280 resistance level is crucial as it aligns with the 61.80% Fibonacci retracement level from the previous swing down.
It is likely that the price could consolidate along this resistance level briefly, with a slight downside potential toward the price level of 0.6230.
However, if the DXY continues to weaken, the NZDUSD could break above the immediate resistance level to trade significantly higher toward the next key resistance and round number level of 0.64.
With no major news for the NZD on the horizon, the next directional bias of the NZDUSD is primarily dependent on the volatility of the DXY.