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.
NZD-USD
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.
NZDUSD short ideaAs you can see from this markup we have locked into nearly all areas from our push down.... meaning the only areas are the liquidity above and below our highest zone!
so following what we know of interlocking structures the lower move would be next... taking us out of our retrace move and back into our trending structure move....
Reaching lower would give us 3 targets including the swing low after the first areas had been met!
If you like this idea let us down below with a like & share!
NZDUSD Potential for Bullish Continuation| 25th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Looking for a 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.
NZDUSD Potential for Bullish Continuation| 24th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Looking for a 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 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 Potential For Bearish ContinuationThe price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Looking for a 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 is. Take profit will be at 0.63525, where the 61.8% Fibonacci line is located.
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NZDUSD Potential for Bullish Continuation| 23rd November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish market. Looking for an immediate buy entry at 0.61632, where the previous swing high is. Stop loss will be set at 0.59998, where the 61.8% Fibonacci line is. Take profit will be set at 0.63525, where the 88% Fibonacci line 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.
InvestMate|NZD/USD Long-awaited correction🥝🥝NZD/USD Long-awaited correction.
🥝That's what I wrote in my last post about the coming falls:
🥝That's how I would like to update/extend my downward perspective this time:
🥝The impressive gains that the New Zealand Dollar has made over the last few months is quite astounding.
🥝The NZD/USD pair was helped fact that there was a sharp wave of declines in the US Dollar as the New Zealand Dollar strengthened.
🥝Which resulted in a straight upward wave with virtually no major corrections.
🥝 Therefore, in my opinion, it was time to catch up and make a downward correction.
🥝Because looking at the chart, the price has been struggling to break through to new highs for a good two weeks.
🥝This is how we get to the support zone which, in my opinion, could hold precious if there will be a downward correction.
🥝Zone was determined by a cluster of two fibo levels. The first is the level of 0.236 of the entire downward wave that started on 25 February 2021. The second level is 0.382 of the entire current upward wave from the peak. It can also be seen that during the current upward wave from the peak, the price has repeatedly found support/resistance at that zone.
🥝The resistance zone will remain around the current peaks between the fibo level of the current downward wave 0.618 and the new highs.
🥝The scenario I am playing out is the final execution of a downward correction with a range reaching the support zone marked on the chart, taking into account smaller corrections along the way.
🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NZDUSD Potential for Bearish Momentum | 22nd November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish bias. However, I am looking to possibly play the pullback. Price has tapped into my sell entry at 0.61565, with take profit at 0.59998, where the 61.8% Fibonacci projection line is located. Also a retail double top pattern has formed. Stop loss will be at 0.62504, where the previous high was 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 Potential for Bearish Momentum | 21st November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish bias. However, I am looking to possibly play the pullback. Price has tapped into my sell entry at 0.61565, with take profit at 0.59998, where the 61.8% Fibonacci projection line is located. Stop loss will be at 0.62504, where the previous high was 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 range bound, with RBNZ on the horizonOn Friday, the NZDUSD traded with significant volatility as the price surged strongly to the 0.62 resistance level but failed to break above, ending the trading week at the 0.6150 price level.
Early in the trading session today, the NZDUSD is trading lower with the potential to reach the 0.61 support level.
Look for the NZDUSD to break the 0.6120 interim price level to signal further downside potential toward the 0.6070 key support level.
Watch out for the RBNZ interest rate decision on the horizon, with a 75bps rate hike expected, this could bring significant volatility to the NZDUSD.
InvestMate|NZD/USD Kiwi ready to fall🥝🥝NZD/USD Kiwi ready to fall
🥝That's as I wrote in last posts. The dollar is ready to score an upward correction in the current downtrend.
🥝It's perfect because the exact same situation will happen on the New Zealand dollar but in the opposite direction
🥝This creates an ideal opportunity to make some profit on NZD/USD declines
🥝Looking at the fact that we have passed a double top and the strength on the upside in recent weeks has dropped significantly I decided to establish a resistance zone at the tops.
🥝I determined the support zone based on the fibo level of 0.5 of the whole upward wave. In which the price has repeatedly found support and also resistance.
🥝The scenario I'm playing out is the start of a decline with the aim of making a larger downward correction, taking into account small corrections along the way
🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
NZDUSD Potential for Bearish Momentum | 18th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish bias. However, I am looking to possibly play the pullback. Price has tapped into my sell entry at 0.61565, with take profit at 0.59998, where the 61.8% Fibonacci projection line is located. Stop loss will be at 0.62504, where the previous high was 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 Potential for Bearish Momentum | 17th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish bias. However, I am looking to possibly play the pullback. Price has tapped into my sell entry at 0.61565, with take profit at 0.59998, where the 61.8% Fibonacci projection line is located. Stop loss will be at 0.62504, where the previous high was 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 Potential for Bearish Momentum | 16th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart, indicating a bullish bias. However, I am looking to possibly play the pullback with my sell entry at 0.61565, with take profit at 0.59998, where the 61.8% Fibonacci projection line is located. Stop loss will be at 0.62504, where the previous high was 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 Potential for Bullish Continuation | 15th November 2022The price is moving above the ichimoku cloud and ascending channel on the H4 chart. I'm looking for a pullback buy entry at 0.59998, which corresponds to the 61.8% Fibonacci projection line. The stop loss will be set at 0.58599, just below the 61.8% Fibonacci line. The take profit level will be 0.61565, which is the previous swing high.
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.