NZD/USD:SELL From FIBO Resistance Levels For A New SHORT Setup⚡️NZD/USD Inside a Bearish channel in the last hours price is trying to recover value but as you can see the price is making Lower-highs and Lower-lows. Now the Price is approaching a Resistance Area with the presence of the FIBO Levels where in this spot the price may have a new Reversal in the direction of the main trend.
Important will be today the Key events:
USA – Core Durable Goods Orders (MoM) (Nov)
USA – Core PCE Price Index (MoM) (Nov)
Canada – GDP (MoM) (Oct)
USA – New Home Sales (Nov)
We are Looking for a new SHORT setup here.
NZD-USD
Joe Gun2Head Trade - Head & Shoulders Top on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Head & Shoulders Top
Entry Level: 0.6311
Take Profit Level: 0.6125
Stop Loss: 0.6363
Risk/Reward: 3.53:1
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.
Buying NZDUSD at current support.NZDUSD - 21h expiry - We look to Buy at 0.6311 (stop at 0.6235)
Previous support located at 0.6350.
Previous resistance located at 0.6400.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.6300.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6400 will confirm the bullish momentum.
Our profit targets will be 0.6465 and 0.6500
Resistance: 0.6400 / 0.6450 / 0.6500
Support: 0.6350 / 0.6300 / 0.6250
Disclaimer – Saxo Bank Group.
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 any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and 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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NZD/USD:SELL From Resistance Area FIBO Levels DIV SHORTNZD/USD in the last sessions change the trend and today the price is trying to recover some value in the area of 0.6400 where a resistance plus the Fibonacci Levels may give to the price the right place for a pullback in the direction of the Bearish trend. The stochastic is in an overbought Area plus divergence and our Idea is about a new Bearish impulse.
Joe Gun2Head Trade - NZDUSD Bear flag on 60minTrade Idea: Selling NZDUSD
Reasoning: Short term top pattern and bearish flag
Entry Level: 0.6350
Take Profit Level: 0.6289
Stop Loss: 0.6376
Risk/Reward: 2.21:1
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.
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
Disclaimer – Saxo Bank Group.
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 any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and 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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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.