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.
NZD-USD
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).
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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.
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.
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.
NZDUSD dips continue to attract.NZDUSD - 24h expiry - We look to Buy at 0.6300 (stop at 0.6225)
Previous support located at 0.6300.
Previous resistance located at 0.6400.
Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff.
We look to buy dips.
The hourly chart technicals suggests further upside before the downtrend returns.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 0.6450 and 0.6500
Resistance: 0.6400 / 0.6450 / 0.6500
Support: 0.6300 / 0.6250 / 0.6225
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 for Bearish Drop intermediate supportLooking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.63640, where the overlap resistance. Stop loss will be at 0.65199, where the recent swing high is. Take profit will be at 0.60053, where is the intermediate support.
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 to recent swing low Looking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 0.63587, where the overlap resistance and 50% Fibonacci line are. Stop loss will be at 0.65333, where the recent swing high is. Take profit will be at 0.68660, 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 to intermediate supportLooking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku cloud, Looking for a sell entry at 0.61966 where the overlap support and the recent swing low. We are looking to take profit at 0.60183, where the intermediate support is and 50% Fibonacci line. Stop loss will be placed at 0.62839, where the 23.6% 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.
NZDUSD Potential to Recent Swing High Looking at the H4 chart, my overall bias for NZDUSD is slightly bullish, there is an ascending trendline. Expecting the price to fluctuate within the trendline and 1st resistance at 0.65158, before heading toward the 2nd resistance level at 0.65576, the previous swing high.
looking for buy entry at 0.64725, take profit at 0.65374 and stop loss at 0.65374.
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 to previous swing highLooking at the H4 chart, my overall bias for NZDUSD is bullish. The current price is above the Ichimoku cloud, and the ascending trendline adds confluence to my bias. Expect the price to break through the 1st resistance zone at 0.65130 before heading toward the 2nd resistance level at 0.65576, the previous swing high.
looking for buy entry at 0.65155, take profit at 0.70366, and stop loss at 0.61844.
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.
NZD/USD: Fundamental Analysis + Possible Scenario The NZD/USD pair continues to experience selling pressure for the second straight day on Tuesday, adding to the slight losses from the previous day. During the first half of the European day, spot prices reach a low that surpasses the previous week, and bears are attempting to push prices even lower below the horizontal support in the mid-0.6400s.
The safe-haven US Dollar receives a slight boost from the general sense of caution, which ends up being a major pressure point for the NZD/USD pair. Investors are still uncertain about a robust economic rebound despite the better-than-expected Chinese macroeconomic statistics provided earlier this Tuesday, especially in light of the country's worst-ever COVID-19 epidemic. This in turn reduces demand for assets seen as being riskier, such as the New Zealand dollar.
However, a recent decline in US Treasury bond yields may temporarily restrain the USD and assist in containing losses for the NZD/USD pair. The markets currently appear to be confident that the Fed will moderate its aggressive approach and announce a lower 25 bps rate hike on Wednesday at the conclusion of a two-day policy meeting. This further drives down US bond yields, which should prevent USD bulls from making further wagers.
The aforementioned fundamental background makes it smart to hold off on declaring that the NZD/USD pair has peaked out as we approach the key central bank event risk. Instead, we should wait for significant follow-through selling.
The US macro data, including the Chicago PMI and Conference Board's Consumer Confidence Index, are the following to be released. This will have an impact on the USD and give the NZD/USD pair some momentum, coupled with the general risk mood.
Technically speaking, sliding below the 0.6450 level indicates a fall of a trading range that has been in place for a week and raises the possibility of further declines. The next leg of the NZD/USD pair's directional move, however, can be decided by traders who would rather stay out of the market and wait for the FOMC policy decision, which is highly anticipated, to be announced on Wednesday.
NZD/USD: A Trendline Break Indicates Short Opportunity 🦐NZD/USD has been showing a bullish trend in recent times, with the price testing the resistance level at 0.65000. However, after a period of distribution, the price has been testing an ascending trendline over a support level. This trendline acts as a key level of support, and if the price were to break below it, it could indicate a potential short-order opportunity.
In technical analysis, trendlines are used to identify the direction of a trend and to help traders make decisions on entering or exiting a trade. In this case, if the price breaks below the ascending trendline, it may suggest that the bullish momentum is losing strength and that the price could potentially move lower.
Traders should keep a close eye on the price action near the trendline and consider entering a short position if the price does break below it and should always have a well-defined risk management plan in place to limit potential losses as Plancton's strategy suggest.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
NZDUSD - Wait For The Bears!⏰Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
NZDUSD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
NZDUSD is forming a channel in red.
For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, NZDUSD can still trade higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDUSD Buy Short term Hi all,
We are opening a buy position on NZDUSD, we are still trending inside an upward channel, we are anticipating a bullish continuation. This would be kinda slow, however as we continue to print HH and HL, with the double bottom on H1 we should still be on a bullish ride.
Entry, TP and SL marked.
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NZDUSD M30: Bearish outlook seen, further downside below 0.6500On the M30 time frame, prices are approaching the resistance zone at 0.6500 where we could see a reversal below this level. The 0.6500 resistance zone coincides with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance at 95.25 as well, where we could see a reversal in prices.