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NZD-USD

NZDUSD Potential Forecast | 1st March 2023Fundamental Backdrop 1. RBNZ raised the official cash rate (OCR) by 50 bps to 4.75%. Technical Confluences 1. Price is on a bearish trend on the daily timeframe, forming lower lows and highs. 2. Price has broken the daily support level and is currently retracing back to the support turned resistance. 3. On the daily timeframe, it seems that price is retracing back to the neckline of the double top formation. 4. Anticipating double top formation to be completed and for price to continue heading bearish. Idea I will be looking for price to continue its bearish trend and looking for short entries onto NZDUSD. 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.
Short
by OlympusLab
NZDUSD Outlook 1st March 2023The NZDUSD formed a double bottom from the price action overnight, with the price rejecting the 0.6131 price area. This has led the NZDUSD to trade higher to retest the 0.62 round number resistance level. With no major news for the NZDUSD, the current move on the NZDUSD is primarily due to the retracement in the AUDUSD and the brief weakness in the DXY. As the price rejected the resistance level overnight, look for the current price action to develop to signal a break of the resistance level to signal further upside potential, with the next key resistance level at 0.6262.
Long
by JinDao_Tai
AUDUSD Short Term Sell Forecast Hello Traders: First forecast/analysis to share after the long break. What I see here is a possible short term bearish move from AUDUSD. We can see on the higher time frame, price has reversed from a double tops price action. An ascending channel structure, as we know is reversal in nature, hence after the structure completes, we see price begin to impulsely move down. This is a good indication for further downside opportunity. As usual, dont rush to enter, watch for confirmation for the continuation correction to form and complete, before entering the market. thank you Jojo
Short
by jojofang0901
20
NZDUSD Potential for bearish drop towards overlap supportLooking at the H4 chart, my overall bias for NZDUSD is bearish with the current price being below the Ichimoku cloud. To add confluence to this bias, price is along a descending trendline. Looking for a sell entry at 0.62032, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 0.62634 where the overlap resistance and 50% Fibonacci line are. Take profit will be at 0.60877, where the overlap support is. 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.
Short
by VantageMarkets
1
NZDUSD Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for NZDUSD is bearish with the current price being below the Ichimoku cloud. To add confluence to this bias, price is along a descending trendline. Looking for a sell entry at 0.62032, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 0.62634 where the overlap resistance and 50% Fibonacci line are. Take profit will be at 0.60877, where the overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Short
by Rockqet
1
Joe Gun2Head Trade - Double top on the daily completeTrade Idea: Selling NZDUSD Reasoning: Double top confirmed on the Daily. Bearish flag on the 60min. Entry Level: 0.6153 Take Profit Level: 0.6022 Stop Loss: 0.6177 Risk/Reward: 5.56:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
NZDUSD - Now Wait For The Bulls!⏰Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart NZDUSD has been trading inside a big range between our support and resistance. Previously, we were looking for sell setups around resistance. Now since NZDUSD is sitting around the support zone, we will be looking for buy setups on lower timeframes. on H4: Right Chart NZDUSD is forming a channel in blue. For the bulls to take over, we need a momentum candle close above the last major high in gray. Meanwhile, until the buy is activated, NZDUSD can still trade lower inside the support or even break it downward. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
NZDUSD Potential for Bearish Drop to 50% Fibonacci Line Looking at the H4 chart, my overall bias for NZDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a sell entry at 0.61904 where the overlap support is. We are looking to take profit at 0.60262 where the 50% Fibonacci line is, Stop loss will be placed at 0.62646, where the recent swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by VantageMarkets
NZDUSD Potential for Bearish Drop to 50% Fibonacci Line Looking at the H4 chart, my overall bias for NZDUSD is bearish as the current price is below Ichimoku cloud, looking for a sell entry at 0.61997 where the overlap support is, take profit at 0.60259 where the 50% Fibonacci line is, and stop loss at 0.63891 where the recent swing high is. 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.
Short
by VantageMarkets
2
Has NZDUSD found a local bottom?NZDUSD - 24h expiry - We look to Buy at 0.6200 (stop at 0.6150) Previous support located at 0.6200. Previous resistance located at 0.6300. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 0.6275 will confirm the bullish momentum. Our profit targets will be 0.6350 and 0.6400 Resistance: 0.6300 / 0.6350 / 0.6400 Support: 0.6200 / 0.6150 / 0.6125 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.
Long
by VantageMarkets
Capitalizing on the Kiwi's Weakness: Sell NZD/USD NowHey Traders! Just wanted to update you on the progress NZD/USD is making and I believe there is still space for profit until it reaches the daily support. Once support reaches there will likely be a pullback towards the MA's so once that happens close off a portion of a trade, and once another candlestick confirmation happens preferably, in between the MA's maybe a shooting star or bearish engulfing that could confirm another push to the downside for further profits. If the daily support is broken its heading towards the last level where we would fully close off our trade.
Short
by FX-TradingLions
NZDUSD Potential for Bullish Rise to overlap swing high Looking at the H4 chart, my overall bias for NZDUSD is slightly bullish as there is a key support level, the price tested and bounced from the 1st support level. Looking for a pullback buy entry at 0.62383 where below the 1st support level is. We are looking to take profit at 0.65195, which is the recent swing high, Stop loss will be placed at 0.61291, where the 38.2% Fibonacci retracement is. 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.
Long
by VantageMarkets
NZDUSD Channel Up trading with 1D MA200 in focus.It has been almost two months since we looked into the NZDUSD pair. Last time the 1D MA200 (orange trend-line) helped us accurately take a bottom buy and then sell near the expected top: Right now we are booking the profit on the sell as a new short-term pattern has emerged. The price is approaching the bottom of the Channel Up since the December 13 High. The 1D MA200 is right below it, ready to support. Our plan is to buy near the bottom and target the 0.65340 High. If the price closes a 1D candle below the 1D MA200, then we will sell and target primarily the 0.5 Fibonacci (0.60300) and under conditions which we will analyze when the time comes, the 0.618 Fib (0.59100). We are only willing to buy for the long-term if the price breaks above the Megaphone's Lower Highs. Whatever the pattern turns out to be, the most efficient medium-term buy will be when the 1D RSI dips below the oversold barrier (24.00). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
NZDUSD Potential for Bearish Drop to intermediate supportLooking at the H4 chart, my overall bias for NZDUSD is bearish, as the current price is below the Ichimoku Cloud, and the ascending trend line has been broken, indicating a change in market structure. Expecting the price to go down. Looking for sell entry at 0.63811, take profit at 0.60053, and stop loss at 0.65199 which is a recent swing high. 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.
Short
by VantageMarkets
NZDUSD Potential for Bearish Drop intermediate supportLooking at the H4 chart, my overall bias for NZDUSD is bearish, as the current price is below the Ichimoku Cloud, and the ascending trend line has been broken, indicating a change in market structure. Expecting the price to go down, looking for a sell entry at 0.62628, take profit at 0.60108 and stop loss at 0.65045. 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.
Short
by VantageMarkets
NZDUSD Potential for Bearish Drop to recent swing low Looking at the H4 chart, my overall bias for NZDUSD is bearish as there is a descending trend line, Looking for a sell entry at 0.63811 where is the overlap support. We are looking to take profit at0.60053, which is the rintermeiate support, Stop loss will be placed at 0.65199 where the recent swing high. 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.
Short
by VantageMarkets