Buying NZDUSD at trend line support.NZDUSD - 21h expiry - We look to Buy at 0.6400 (stop at 0.6349)
Previous support located at 0.6450. Previous resistance located at 0.6500.
The current move higher is expected to continue.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6500 will confirm the bullish momentum.
Our profit targets will be 0.6528 and 0.6558
Resistance: 0.6500 / 0.6550 / 0.6600
Support: 0.6450 / 0.6400 / 0.6350
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NZD-USD
NZD/USD reversal ideaHello Traders
In the next few hours, we have the USD interest rate result.
We have 3 scenarios:
1- Interest rate rises by 0.75:
No way, it's far out of reach and low possibility but if that happens, USD will be going crazy strong.
2- Interest rate rises by 0.5:
That's the number that market looking for. After that overall interest rate for USD is going to be 4.5%. at this rate, we expect some investors to unwind their positions in NZD/USD (because NZD currently has 4.25% interest rate, and the next interest rate meeting for NZD is nearly in the next 2 months).
3- Interest rate rises by 0.25:
It will be very interesting if it happens. by rising 0.25, the market will be going into indecision mode and every USD pair will be ranging.
We assume scenario 2 for our analysis. In this way, our technical view is showing us some potential trend reversal but we are still waiting for the interest rate result.
our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
NZDUSD M30: Bearish outlook seen, reversal below 0.64080On the M30 time frame prices are approaching the resistance at 0.64080, in line with the Fibonacci confluence levels and descending channel’s resistance where a pullback to this zone presents an opportunity to play the drop to the support target at 0.6370. Stochastic is approaching resistance at 90.13 as well where we could see a reversal below this zone in line with prices.
NZDUSD - Bullish ChannelNZDUSD - Intraday - We look to Buy at 0.6300 (stop at 0.6225)
Previous support located at 0.6300. Previous resistance located at 0.6400. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 0.6350 will confirm the bullish momentum.
Our profit targets will be 0.6450 and 0.6500
Resistance: 0.6400 / 0.6450 / 0.6500
Support: 0.6300 / 0.6250 / 0.6225
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NZDUSD - Trend-Following Sell!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Weekly: Left Chart
NZDUSD is overall bearish from a long-term perspective and now approaching a resistance zone in blue so we will be looking for sell setups.
H4: Right Chart
Moreover, NZDUSD is trading inside a rising wedge pattern and now approaching the upper trendline.
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper blue trendline. (acting as non-horizontal resistance)
As per my trading style:
As NZDUSD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
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 Bullish Continuation | 2nd December 2022Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 0.62891, where the previous high and 78.6% Fibonacci line is. Stop loss will be at 0.61559, where the previous swing low and 61.8% Fibonacci line is. Take profit will be at 0.64685, where the previous 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 - Watch For The NFP Drop! 🩸NZDUSD is currently within a 5 wave impulse and we're in wave 5 now. We have NFP tomorrow which may reverse the market and with it, NZDUSD.
Trade Idea:
- On lower timeframe, watch for a sharp sell off
- Confirmation on break of red trendline
- Targets: 0.61 (320pips), 0.59 (500pips)
Will review price action once we move lower to see if we'll move down to structure or get ready for another impulse higher.
Goodluck and as always, trade safe!
Significant upside potential on NZDUSDUnlike the AUDUSD, the NZDUSD has continued with the recent upward momentum to climb higher overnight, testing the 0.64 resistance level.
Look for the NZDUSD to consolidate below the 0.64 resistance level or even possibly retrace briefly.
However as the uptrend is strong, if the DXY continues to weaken, the NZDUSD could trade higher again after the consolidation/retracement, with the next resistance levels at 0.6450 and 0.6580.
NZD/USD:BUY From Support Level For a New LONG Setup NZD/USD as predicted in our previous idea, the price is growing following the bad momentum of the USD coming from economic news against this last one. The price inside a Bullish rally today had a pullback around the value of 0.6300 and all the clues are in favor of the NZD to take advantage against the USD. Will be crucial for the release of the economic news today about the USD to give another positive impulse for this currency and continue its strong momentum
NZDUSD Potential for Bullish Continuation | 1st December 2022Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 0.62649, where the 78.6% Fibonacci line is. Stop loss will be at 0.61559, where the previous swing low is. Take profit will be at 0.64685, where the previous 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 H1: Bullish outlook seen, further upside above 0.6250On the H1 time frame, prices are holding above an ascending channel where a throwback to the 0.6250 support zone, in line with the Fibonacci confluence levels could provide an opportunity to play the bounce to the resistance target at 0.6350, in line with the 100% Fibonacci extension level. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
NZDUSD | STRONG LITTLE TRADE, IF THIS HAPPENS...Hello Traders,
If we get that 20ma break (yellow) then we could have a potential buying opportunity.
However, if this does not happen you could potentially still enter the trade because the 1h timeframe all moving averages are below candlesticks.
This could just mean we are on a slight rejection, before another continuation push toward the upside.
NZDUSD Potential for Bullish Continuation| 29th November 2022With the price moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Looking for a buy stop entry at 0.62044, where the previous swing high was. Stop loss will be set at 0.60872, where the previous swing low and 23.6% Fibonacci line is is. Take profit will be at 0.63525, where the 88% Fibonacci line is located.
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 H1: Bearish outlook seen, potential reversal below 0.6200On the H1 time frame, prices are approaching the resistance zone at 0.6200, in line with the graphical support-turned-resistance level and 38.2% Fibonacci retracement. A pullback to the resistance zone at 0.6200 presents an opportunity to play the drop to the next support target at 0.61550 which coincides with the graphical support zone. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
NZDUSD Sell zoneGood day everyone! Don't forget to put your thumbs up and write comment if you like the idea.
NZDUSD sales 0.6240 and 0.6280. SL 0.6330. Risk 1%. Sale from monthly and weekly target area. In the week they came for a test of the upper edge of the balance sheet, and in the week for commercial interest for sale. First Target Standard, Global Target Return to Area 0.5900.
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
NZD/USD:BUY From SUPPORT Area For a LONG Setup NZD/USD is inside a bullish channel, in the previous session the price is making new HH and LH as a Swing Trading setup and today the price made a pullback on the previous support level where the confluence of our indicators plus the dynamic trendline of the channel, works like support and the Stochastic in the oversold area give a clue for a new bullish impulse for the price.
NZDUSD Potential for Bullish Continuation| 28th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Price has tapped into my retracement buy entry at 0.62044, where the previous swing high was. Stop loss will be set at 0.60872, where the previous swing low and 23.6% Fibonacci line is is. Take profit will be at 0.63525, where the 88% Fibonacci line is located.
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.