NZD-USD
A buy setup on NZDUSDHey Trader,
I am looking to open a buy position on NZDUSD.
On a Daily TF, Kiwi just made a retest to the previous support zone, after a long bearish momentum forming a tight descending wedge all along the way.
Price broke above the upper band of the wedge and now making a fine turn back to retest an using the previous resistance as support (making the zone a MLoMS).
The entry confirmation would come to play after the break of the current current flag pattern. (Setting a pending order would suffice in this type of entry).
Keep Watching
NZDUSD: Great buy according the 2020 Golden CrossThe NZDUSD pair is on bearish 1D technicals (RSI = 39.193, MACD = 0.004, ADX = 32.603) with the RSI almost turning oversold last week. Having completed a 1D Golden Cross, the first since Jule 2020, while having harmonic Resistance and Support levels with that 2020 fractal, this low price supported on the 1D MA200 is the perfect buy opportunity. Long-term TP = 0.7000 (near R1).
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NZDUSD Potential UpsidesHey Traders, as we noticed some bullish bias on American indices NZDUSD long is one of the trades i would consider due to the positive correlation between the two, if we take a look at smaller timeframes we will notice that NZDUSD was trading in a downtrend and managed to break it out and now is in a correction phase so i will be watching a potential retrace around 0.619 historical demand and supply zone. in case of a decent retrace i would consider 0.64 as a target as it's the next strong resistance NZDUSD will be facing from bigger timeframes. please keep in mind the risky environment this week as we are coming across multiple US data this week including Fed speech tomorrow, NFP on Friday and CPI data next week.
Feel free to ask any question.
Trade safe, Joe.
NZDUSD:Potential UpsidesHey Traders, as the stock market remains bullish and since it correlates positively with NZD pairs i would monitor NZDUSD for a buying opportunity around 0.62 zone, on smaller timeframes i notice the pullbacks are extending and approaching the weekly zone. so i will be watching how the price action will be.
Trade safe, Joe.
NZDUSD, H1 | Bullish bounce?Price is fast approaching a key support level at 0.6201 which saw prices bounce really nicely once in the past. It also happens to coincide with a 50% Fibonacci retracement. Price could bounce from here to reach the next short term swing high resistance at 0.6240.
Failure to bounce could see prices drop to 0.6186 where the 61.8% Fibonacci retracement 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.
NZDUSD Outlook 3rd March 2023Through the trading session yesterday, the NZDUSD reversed down from the 0.6260 resistance level to trade down to the immediate support and round number price level of 0.62.
Although the price bounced from the support level, if the DXY continues to strengthen, look for the NZDUSD to trade lower again to retest the support level, with the potential to break and trade significantly lower.
This move is likely to be invalidated if the price breaks beyond the 50% Fibonacci retracement level.
The next key support level beyond 0.62 is at 0.6131, however, watch out for a possible "hesitation" level at 0.6166.
NZDUSD:Breakout and Potential retraceHey Traders, recently all US data were positive.. market is pricing more rate hikes but when things are priced in market choose to go on the other sense.. so i want to expect more of USD weakness.. especially against Commodities and combined with technicals i think 0.624 is a good zone to consider since it's combine a decent supply and demand zone with a breakout of a downtrend.
Trade safe, Joe.
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.
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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.
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
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.
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
Reversal on NZDUSD?The NZDUSD found the 0.6190 price area on Friday and as the price rebounded from the support level, this formed a Bullish Divergence (the price formed a lower low, while the MACD formed a higher low).
Looking at the 0.64 price area as a possible target level for the reversal.
With the RBNZ interest rate decision due in the week ahead, this could provide an additional driver to the reversal.
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
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NZDUSD:Targeting more lowsHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.621 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
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
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.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.627 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
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.
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.
NZDUSD:A decent breakout and potential retraceHey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.631 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
HEAVY SHORT OPPORTUNITY ON NZD/USDOne of 2 ways we see that this NZD/USD trade can play out. High Risk Reward Ratio.
