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NZD-USD

NZDUSD Potential for Bearish Momentum | 23rd September 2022On the H4, with the price moving within the descending channel, below ichimoku cloud, If the price can break the sell entry at 0.57984, which is in line with the 78.6% fibonacci projection, 161.8% fibonacci extension, 127.2% fibonacci extensions successfully, we can expect the price drop to the take profit at 0.56546, which is in line with the 200% fibonacci extension and 161.8% fibonacci extension. Alternatively, the price may pull back to the stop loss at 0.58932, where the 23.6% 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.
Short
by Rockqet
NZDUSD Potential for Bearish Momentum | 22nd September 2022On the H4, with the price moving within the descending channel, below ichimoku cloud, RSI is showing a descending trendline. If the price can break the sell entry at 0.57984, which is in line with the 78.6% fibonacci projection, 161.8% fibonacci extension, 127.2% fibonacci extensions successfully, we can expect the price drop to the take profit at 0.56546, which is in line with the 200% fibonacci extension and 161.8% fibonacci extension. Alternatively, the price may pull back to the stop loss at 0.58967, where the 23.6% 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.
Short
by Rockqet
1
NZDUSD Potential for Bearish Continuation| 15th September 2022On the H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 0.60361, which is in line with the pullback resistance and 38.2% fibonacci retracement to the take profit at 0.59624, where the 78.6% fibonacci projection and 127.2% fibonacci extension are. Alternatively, the price may rise to the stop loss at 0.60771, which is in line with the overlap resistance and 61.8% fibonacci retracement. 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.
Short
by Rockqet
NZDUSD Close to the long-term Support. Buy opportunity.The NZDUSD pair had previously completed its bullish leg above the 1D MA50 (blue trend-line) before starting the new correction on the August 12 High, as we illustrated on our previous analysis: Right now the price is again the closest its been since July 12 to the bottom (Lower Lows trend-line) of the 1 year Bearish Megaphone pattern. This makes the odds of a buying stronger, even though the 1D RSI isn't yet oversold. Probably that will happen within the current level and 0.5900. In any case this is a good medium-term buy opportunity, initially targeting the 1D MA50 and Inner Lower Highs (1) trend-line on a potential +5% rise (minimum of rises inside the Megaphone) and in extension the 1D MA200 (orange trend-line) and the Inner Lower Highs (2) trend-line on a +7.50% rise (maximum inside the Megaphone). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
NZDUSD Potential for Bearish Continuation| 14th September 2022On the H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 0.59960, which is in line with the swing low and 61.8% fibonacci projection to the take profit at 0.59062, where the 100% fibonacci projection is. Alternatively, the price may rise to the stop loss at 0.60071, which is in line with the 50% fibonacci retracement and previous swing low support. 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.
Short
by Rockqet
1
Dollar reigns supremeNZDUSD - Intraday - We look to Sell at 0.6100 (stop at 0.6150) Previous support located at 0.6000. Previous resistance located at 0.6050. There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 0.5975 and 0.5950 Resistance: 0.6050 / 0.6100 / 0.6150 Support: 0.6000 / 0.5975 / 0.5950 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
NZDUSD Potential for Bearish Continuation| 7th September 2022 On the H4, with price moving within the descending channel, below ichimoku indicators and MACD showing a death cross, we have a bearish bias that the price may drop from the sell entry at 0.59967, which is in line with the 61.8% fibonacci projection. If the price can break the sell entry, the take profit could be at 0.59497, where the 127.2% fibonacci extension is. Alternatively, the price may pull back from the 1sell entry and rise to the stop loss at 0.60569, where the previous swing lows are. 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.
Short
by Rockqet
NZD/USD Outlook (7 September 2022) The NZDUSD heads into unchartered territory! As the price breaks below the 0.6060 support level, the NZDUSD is heading into price levels last seen in 2020, during the pandemic. With the price currently at 0.6040, look for the NZDUSD to trade lower towards the round number level of 0.60. However, the key support level is at 0.5930. While there could be a significant downside, the price action as the NZDUSD trades lower could see significant volatility and choppy movements.
Short
by JinDao_Tai
NZD/USD Possible Upward MoveHello Traders Last week, NFP and unemployment news did mixed signals. NFP got bullish but so weak. in the other side, unemployment did a bearish signal. We believe all USD pairs are going to make correction moves until FED's interest rate decision. So here is why we are bullish on NZD/USD: 1- RSI and Stochastic made a RD+. 2- Possible Double bottom formation. 3- in macro TF Price is moving inside of Triangle. 4- Price is struggling with downward trendline. 5- an engulfing bullish candle(4hr TF) has been made on support. If you like it then Support us by Like, Following and Sharing. 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.)
Long
by FortunaInvestments
1
NonFarmPayroll Prep (NZDUSD)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen. The NZDUSD has a strong descending trend line that applies downward pressure on price. But, the NZDUSD currently trades just above the 0.6060 support level. If the price breaks lower, there is little support until the 0.5930 price level (which was last reached in may 2020). Consider the possibility that the NZDUSD could find a significant upside move in the event of a surprise/bad data release from the US. If the price breaks above 0.61 and the diagonal trendline, the NZDUSD could climb towards 0.6158 and even 0.6250.
Long
by JinDao_Tai
NZD/USD Outlook (30 August 2022) The upside of the NZDUSD halted at the price level of 0.6220, resisted by the downward trendline and the significant move lower driven by hawkish comments from the Federal Reserve. The NZDUSD found the 0.61 support level before retracing higher towards the 0.6160 price level. Look for the price to reject the resistance level and the diagonal trend line to signal further downside. However, the NZDUSD could have limited downside potential with 0.6060 a key support level, last tested in 2020. The NZDUSD moves in a similar fashion to the AUDUSD.
Short
by JinDao_Tai