Potential bullish reversal?The Kiwi (NZD/USD) is falling towards the pivot and could reverse to the 1st resistance level which is an overlap resistance.
Pivot: 0.6235
1st Support: 0.6189
1st Resistance: 0.6298
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZD-USD
Bullish reversal off overlap support?NZD/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 0.6254
Why we like it:
There is an overlap support level.
Stop loss: 0.6208
Why we like it:
There is a pullback support that aligns with the 138.2% Fibonacci extension.
Take profit: 0.6305
Why we like it:
There is an overlap resistance
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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 - Long Trade Idea (ICT)Price is close to some juicy equal highs, so I will be anticipating a retracement into a POI to catch a trade on a lower timeframe to that area as my low hanging fruit objective.
I see price either coming into a 2W Bullish Breaker (Coupled with a NWOG), or a 2D Bullish Orderblock.
The annotated stoploss is for illustration purposes only. Price can very well wick down there, albeit a more extreme scenario. If price closes below that 2D Bullish OB, then this long idea would be no longer valid until the equal lows are taken out.
- R2F
Bearish drop?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support level which is an overlap support.
Pivot: 0.6354
1st Support: 0.6255
1st Resistance: 0.6411
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish bounce?NZD/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6235
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6183
Why we like it:
There is a pullback support level.
Take profit: 0.6298
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
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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 catching a falling knife at market price?NZDUSD - 24h expiry
The trend of higher lows is located at 0.6120.
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6300 will confirm the bullish momentum.
We look to Buy at 0.6260 (stop at 0.6220)
Our profit targets will be 0.6340 and 0.6350
Resistance: 0.6300 / 0.6325 / 0.6350
Support: 0.6275 / 0.6260 / 0.6250
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.
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Update idea
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.6293
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 0.6346
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
Take profit: 0.6212
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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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.
Could the kiwi reverse from here?The price is rising towards the pivot point which has been identified as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 0.6293
1st Support: 0.61901
1st Resistance: 0.6350
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TRADE SETUP ON NZDUSDHey Trader,
Check out this analysis on NZDUSD.
The entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61900 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61900 support and resistance zone.
Trade safe, Joe.
Bearish reversal?NZD/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6232
Why we like it:
There is an overlap support level.
Stop loss: 0.6299
Why we like it:
There is a pullback resistance level.
Take profit: 0.6157
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
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.
Bullish bounce?NZD/USD is falling towards the support level which is a pullback support and could bounce from his level to our take profit.
Entry: 0.6125
Why we like it:
There is a pullback support level.
Stop loss: 0.6078
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 0.6234
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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 DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62200 support and resistance area.
Trade safe, Joe.
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 0.6164
1st Support: 0.6126
1st Resistance: 0.6232
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61800 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61800 support and resistance zone.
Trade safe, Joe.
Bearish revrsal?NZD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6171
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6234
Why we like it:
There is a pullback resistance level.
Take profit: 0.6091
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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.
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 0.6164
1st Support: 0.6093
1st Resistance: 0.6232
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDUSD Strong sell opportunity.The NZDUSD pair gave us last time (June 26, see chart below) a solid sell signal, even though the Target just fell short of being hit:
The price is giving yet again a sell signal as not only it fulfilled the 0.786 Fibonacci retracement level and got rejected but also the 1D RSI hit and got rejected exactly on the 70.00 overbought barrier, which is where all tops since late 2022 have been priced.
As a result, we expect the pair to initially hit at least 0.6000 towards the end of this month.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62400 support and resistance area.
Trade safe, Joe.
NZDUSD Is Approaching The Weekly Resistance and USD SeasonalityHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62500 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62500 support and resistance area.
Trade safe, Joe.