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NZD-USD

NZDUSD facing bullish pressure | 27 Apr 2021Prices are facing bullish pressure from ascending trendline support and horizontal pullback support, in line with 50% FIbonacci retracement and 61.8% Fibonacci extension . Prices might push up further towards 1st resistance in line with horizontal swing high resistance, 127.2% Fibonacci retracement and 161.8% Fibonacci extension . If prices fall through 1st support, prices might take support from horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
NZDUSD facing bullish pressure | 27 Apr 2021Prices are facing bullish pressure from ascending trendline support and horizontal pullback support, in line with 50% FIbonacci retracement and 61.8% Fibonacci extension. Prices might push up further towards 1st resistance in line with horizontal swing high resistance, 127.2% Fibonacci retracement and 161.8% Fibonacci extension. If prices fall through 1st support, prices might take support from horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
1
NZDUSD facing bullish pressure, potential for bounce!Prices are facing bullish pressure from ascending trendline support and horizontal pullback support, in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up further towards 1st resistance in line with horizontal swing high resistance, 127.2% Fibonacci retracement, and 161.8% Fibonacci extension. If prices fall through 1st support, prices might take support from horizontal swing low support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
NZDUSD analysisNZDUSD is currently in a confirmed uptrend and now it's about to breakout of its next resistance. This could be an entry opportunity for us to get in the direction of the trend. The resistance we are looking at is the zone of the previous highs 0,7518-30. In case of a breakout the uptrend will be confirmed and we would expect next significant levels reached. We recommend for entries to be made after a breakout and a retest of the zone. You could also use a candlestick pattern formation for more specific entry signal. Good luck!
Long
by ForexTrendline
NZDUSD will move higher 🦐NZDUSD after the recent lows is moving above the previous resistance zone. The market is now retesting the structure and according to Plancton's strategy if the price will break and close above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
NZDUSD facing bearish pressure, potential for further downside!Price has just seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below both the moving average and descending trendline resistance, showing bearish pressure. We could potentially see further downside below 1st resistance, in line with 38.2%, 50% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline resistance, towards 1st support, in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
How I work in Forex: Nzd-Usd analysisIn this article, I show you my way of working in Forex, starting with the choice of the currency pair, passing through all aspects of the operation (position size, maximum loss, etc.), until the analysis of the currency pair and the strategy to be adopted (entry-level, stop-loss and target). Looking at the table of currency pairs I follow, the one that caught my eye was Usd-Nzd. The price is at a level that is not sustainable in the long run for the New Zealand economy. In the last few years, the area 0.72300/0.72800 has been a very important level for Nzd-Usd and above that, the currency pair would be in an area of excess price (actually, already above 0.70000 Nzd-Usd is in an area of excess price). The operation that I am going to open has an optical of the medium-long period, if you are not in a position to hold open the position also for several months, do not replicate it. Let us proceed. The first thing I decide in each of my operations is how much I am willing to lose. My maximum loss is not equal for all the operations, with some more "particular" I have a smaller propensity to the risk. An example is precisely this operation. Although Nzd-Usd belongs to the currency pairs so-called "Majors," the New Zealand dollar is very similar to an "Exotic" currency, therefore with less volume and consequently more volatile and easily speculate. And besides, I already have other long positions on USD. For these reasons, I have decided that my maximum loss on the whole operation is $ 500, and based on the stop-loss, I will decide the position size to open. I now analyse Nzd-Usd trying to understand how it might move in the coming weeks and establish the type of trade and the entry-level. Above, you can see the daily chart with the Nzd-Usd sensitive levels highlighted. New Zealand had less impact from the covid-19 pandemic and this allowed its economy to be less affected. This led to a strong rise in its currency to the 0.75000 area against the US dollar. New Zealand, however, has a strongly export-based economy and a currency so strong, as mentioned earlier, is not sustainable in the long run. The New Zealand dollar also strengthened as many expected the central bank to intervene with a rate hike, "the Committee agreed that the risks to the economic outlook remain balanced, conditional on ongoing stimulatory fiscal and monetary policies. The Committee agreed that, in line with its least regrets framework, it would not remove monetary stimulus until it had confidence that it is sustainably achieving the consumer price inflation and employment objectives. Given that uncertainty remains elevated, gaining this confidence is expected to take considerable time and patience." However, this is currently unlikely, at least in the short term. Also because in recent months the New Zealand economy has slowed down, "Economic activity in New Zealand slowed over the summer months following the earlier rebound in domestic activity. December quarter GDP was weaker than expected and more recent indicators suggest that momentum has reduced. Some members noted that supply chain disruptions could potentially constrain domestic activity in the near term. In addition, business credit growth and investment remain subdued." As for the US, the focus in recent weeks has been on inflation following the entry into force of Biden's economic stimulus plan, "with inflation running persistently below this longer-run goal (2%), the Committee will aim to achieve inflation moderately above 2 per cent for some time so that inflation averages 2 per cent over time and longer‑term inflation expectations remain well-anchored at 2 per cent." In the March "Summary of Economic Projections," the PCE inflation forecast for 2021 rose to 2.4% from 1.8% in December, and the Core PCE inflation forecast rose to 2.1% from 1.8% in December. Inflation is forecast at 2.0% in 2022 and 2.1% in 2022 for both. In the same document, you can see (you can find it on the Federal Reserve's website) that in March compared to December the GDP forecast was raised (to 6.5% in 2021 from 4.2% in December) and the unemployment rate lowered (to 4.5% in 2021 from 5.0% in December). Macroeconomic analysis shows what has already emerged above with New Zealand's data deteriorating in recent months while US data is improving almost steadily. If the vaccination continues apace, the US economy will recover quickly, as the UK economy is doing in Europe. Once the analysis is complete, how do I intend to proceed? I do not want to open the operation at once. The moment is particular and I would not be surprised to see Nzd-Usd go up even 300 pips. So, I decided to open a spy order at 0.72400 to see how the currency pair will react to that level. I will place the primary order, which is larger in size as it is closer to the stop-loss, at 0.73700. For both orders, spy order and primary order, I destine the same maximum loss, which I had decided to be $ 500, so my maximum loss for the two types of orders is $ 250 each. Now with the Value-at-Risk, I calculate the stop-loss and with the stop-loss, I calculate the size of the two orders. To be precise, I use CVaR to calculate the stop-loss (it is all explained in my book on fundamental analysis in forex) and the calculation gives me a stop-loss at 0.75200. I now calculate the two position sizes. Ultimately, I will open a short position of $ 9,000 at 0.72400 (spy order) and a short position of $ 17,000 at 0.73700 (primary order), with a stop-loss at 0.75200. As for the target, I always like to see how the currency pair moves to assess where to take profit. This, somewhat summarised, is how I work in Forex, how I analyse a currency pair and how I organise the whole operation.
Education
by TradingwDavid
2
NZDUSD will move higher 🦐NZDUSD after the recent lows is moving to the resistance zone . The market has now moved above the 0.71 area and according to Plancton's strategy if the price will break the structure we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
NZD/USD Bullish AnalysisGood morning traders, today we bring you our analysis on NZD/USD, since we consider that it is in an interesting movement where we can take advantage. 🔸As we can see, the price generated a break in the bullish channel, and for some days we saw a bearish movement. 🔸Although the channel had been broken, it was not a trend change, as the sequence of higher highs and higher lows was still valid, which kept the uptrend active. 🔸To consider a trend change, we need a break of the Support Zone. 🔸In this correction that the price made, we can draw a bullish flag. 🔸It was broken to the upside, and now the price is in bullish momentum. 🔸We consider that the first target is the previous high, and in case it is broken, there is a great upside potential.
Long
by ThinkingAntsOk
4
Nzdusd...more downside if break lower!Short short...Likewise for AUDUSD If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
NZD: Current sentiment driversLatest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. The central bank kept future rate cuts on the table but added that the domestic economy’s resilience implies no significant additional stimulus is currently required. November 3 – For Q4, the Unemployment Rate in New Zealand printed below consensus at 4.9% from 5.3% in Q3. Additionally, Employment Change printed at 0.6% versus market consensus of 0.0%. January 21 – Inflation for Q4 saw CPI Y/Y remain unchanged at 1.4% while CPI Q/Q printed at 0.5% from a prior of 0.7%. Future sentiment shifts: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive. Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks. For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout). However, even then, NZD upside could become an uphill battle with many analysts arguing the currency is approaching overvalued levels. Primary drivers: Reserve Bank of New Zealand – New Zealand’s monetary policy outlook plays a key role in NZD’s fundamental outlook. A hawkish stance from the RBNZ and expectations for policy tightening will support NZD; while a dovish stance and expectations for policy easing will pressure NZD. Risk Tone – Due to its high beta status, NZD is strongly correlated with the overall risk tone; strengthening in risk on environments and weakening in risk off environments. Commodity Markets – NZD is indirectly correlated with commodity markets due to New Zealand’s dependence on China and Australia for trade. As both Australia’s and China’s economies influence and are influenced by the commodities complex, NZD tends to move in accordance with the commodities markets, but also with AUD.
by thunderpips
NZDUSD ready for a break below 🦐NZDUSD after the last bearish impulse retraced for the test of the resistance inside an ascending channel. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
NZDUSD - FOREX - 13. APR. 2021Welcome to our weekly trade setup ( NZDUSD )! - 1 HOUR Bullish market reaction.. 4 HOUR Overall sideways market structure.. DAILY Looking for more bullish pressure and price action. - FOREX SETUP BUY NZDCAD ENTRY LEVEL @ 0.88330 SL @ 0.88050 TP @ 0.88780 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
37
NZD: Current sentiment driversLatest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. The central bank kept future rate cuts on the table but added that the domestic economy’s resilience implies no significant additional stimulus is currently required. November 3 – For Q4, the Unemployment Rate in New Zealand printed below consensus at 4.9% from 5.3% in Q3. Additionally, Employment Change printed at 0.6% versus market consensus of 0.0%. January 21 – Inflation for Q4 saw CPI Y/Y remain unchanged at 1.4% while CPI Q/Q printed at 0.5% from a prior of 0.7%. Future sentiment shifts: Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive. Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks. For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout). However, even then, NZD upside could become an uphill battle with many analysts arguing the currency is approaching overvalued levels. Primary drivers: Reserve Bank of New Zealand – New Zealand’s monetary policy outlook plays a key role in NZD’s fundamental outlook. A hawkish stance from the RBNZ and expectations for policy tightening will support NZD; while a dovish stance and expectations for policy easing will pressure NZD. Risk Tone – Due to its high beta status, NZD is strongly correlated with the overall risk tone; strengthening in risk on environments and weakening in risk off environments. Commodity Markets – NZD is indirectly correlated with commodity markets due to New Zealand’s dependence on China and Australia for trade. As both Australia’s and China’s economies influence and are influenced by the commodities complex, NZD tends to move in accordance with the commodities markets, but also with AUD.
by thunderpips
6
Analysis on NZDUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside ASCENDING CHANNEL and also hit its TRENDLINE RESISTANCE. Breakout can be on the down side. WAIT FOR THE BREAKOUT. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Short
by Ryan_lopes
NZD - FUNDAMENTAL DRIVERS1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to see a further gradual improvement in the overall risk outlook and global economic outlook. 2. The Monetary Policy outlook for the RBNZ Going into 2021, the monetary policy outlook for the RBNZ were positive after the bank pushed back against the need for negative rates, as well as a string of positive economic data points showed the impact from the pandemic was less severe on the NZ economy than previously anticipated. However, optimism has diminished in recent sessions as new legislation by New Zealand's government to cool its housing market is expected to provide the RBNZ with more time before being forced to normalize policy. Consequently, market expectations for the timing of future rate hikes have been pushed back. 3. The country’s economic and health developments With the new macroprudential policies put in place by the NZ government, it will be very important to keep close track of the virus situation in NZ as well as the incoming data. If incoming data starts to show marked deterioration, that will further push back tapering and rate normalization expectations for the RBNZ and could tilt the fundamental outlook to neutral from weak bullish.
by thunderpips
4