Weekly FOREX Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is still strong, so no reason to sell in the near term. With price at Monthly and Weekly
Supply levels, we have to proceed with caution in the near term. The bias is still bullish until the market gives us a HTF bearish break of structure.
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NZDUSD
NZDUSD Is Approaching The DowntrendHey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.55800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55800 support and resistance area.
Trade safe, Joe.
NZD-USD Swing Long! Buy!
Hello,Traders!
NZD-USD keeps falling down
In a strong downtrend but
The pair is locally oversold
And as it is about to hit a
Massive horizontal support
Of 0.5512 we will be expecting
A local bullish rebound and
A further bullish correction
Buy!
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NZDUSD: Long Signal with Entry/SL/TP
NZDUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDUSD
Entry Point - 0.5562
Stop Loss - 0.5539
Take Profit - 0.5608
Our Risk - 1%
Start protection of your profits from lower levels
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NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD 1000 pipsHello Birdies,
Price is coming into a monthly and weekly block... once we have a market structure shift we can long this beast for 700-1000 pips....
The targets are the supply zone above.. You can scale in the trade as per your own entry model.
Trade Idea:
- Enter on market structure shift
- Stops below most recent lows
- Targets: 0.61 (500pips), 0.65 (1000pips)
NZD/USD Poised for a Breakout ?The NZD/USD pair shows signs of potential bullish momentum following a bounce from a key support level near 0.55900. Price is currently challenging the 0.56028 resistance, with further upside likely if this level is broken and sustained. The downward sloping moving average indicates a prevailing bearish trend, so this move could be a short-term retracement or a possible trend reversal depending on market strength.
Key Insights
Entry Area: Around 0.55940 – 0.56028
Stop-Loss: 0.55103 to manage downside risk
First Target: 0.56156
Second Target: 0.56370
Final Target: 0.56781
Watch for a confirmed breakout above 0.56028 for a continuation toward higher levels. A failure to hold above 0.55900 could trigger further downside movement. Market volatility and U.S. dollar news should be closely monitored for momentum shifts. This setup offers a solid risk-to-reward ratio, balancing caution and opportunity in the current market structure.
NZDUSD M15 | Bullish Rise?Based on the M15 chart analysis, we can see that the price has just bounced off our buy entry at 0.5599, which is an overlap support.
Our take profit will be at 0.5624, which is a pullback resistance that is close to a 78.6% Fibo retracement.
The stop loss will be placed at 0.5586, which is a swing low support level.
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Heading into 38.2% Fibonacci resistance?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5630
Why we like it:
There is a pullback resistance level that aligns with the 38.32% Fibonacci retracement.
Stop loss: 0.5659
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.5587
Why we like it:
There is a pullback support level.
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NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.564 area.
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Levels discussed on livestream 7th Jan 20257th January 2025
DXY: For further downside to 107 support level, needs to break 38.2% and bottom of channel (107.80) or bounce off bottom of channel
NZDUSD: Retracing, look for rejection at 0.57 or 0.5760
AUDUSD: Test and reject trendline, Sell 0.6280 SL 30 TP 60
GBPUSD: Break above 1.26 round number, Buy 1.2620 SL 30 TP 100
EURUSD: Buy 1.0440 SL 30 TP 90
USDJPY: Sell 157.50 SL 70 TP 140
EURJPY: Look for reaction at 165 resistance
GBPJPY: Look for reaction at 197, Buy 197.25 SL 40 TP 90
USDCHF: Buy 0.9070 SL 30 TP 60
USDCAD: Could trade down to 1.4250, bullish trendline
XAUUSD: No clear directional bias, choppy between 2625 and 2646, break, above 61.8% 2646 could trade up to 2655
Possible ignition candle in the NZD/USD daily chartThe NZD/USD pair has experienced a decline of over 12% in recent weeks, showing no significant pullbacks on the daily chart. Currently, the price has reached an important support zone on the daily timeframe (D1), marked as a crucial decision point for the market. This notable depreciation of the New Zealand dollar is primarily due to the substantial rise of the US dollar, which gained momentum following Donald Trump's election. His commitments to bolster the US economy have fueled optimism in the American market, putting pressure on other currencies.
Potential Buying Opportunity
The current candle suggests characteristics that could indicate the start of a buying movement. If the daily close exceeds the 0.5664 level (indicated by the black line), it may form a bullish engulfing pattern on the daily chart, signaling a strong reversal after the recent steep decline.
If this pattern is validated, the price might target the 0.5860 area initially, representing a potential movement of around 196 pips. This level coincides with the 38.6% Fibonacci retracement, which may act as temporary resistance.
A prudent risk management strategy could involve placing a stop loss just below the recent low on the daily chart, around 0.5564 (approximately 100 pips), to safeguard against potential false reversals.
Alternative Scenario
Should the price fail to maintain its recovery and drop below the recent low (0.5585), the pair could continue its downward trend, potentially testing new lower support levels, including 0.5500 and 0.5400. This would suggest the continuation of the prevailing downtrend.
Macroeconomic Considerations
Investors should keep a close eye on this week's macroeconomic reports, such as the NonFarm Payroll (NFP) and the US unemployment rate, which could introduce greater volatility into the market and directly impact the NZD/USD pair's performance. These events may be pivotal in confirming or refuting the outlined scenarios. By tracking both technical and fundamental developments, strategies can be adjusted with greater precision throughout the week.
Disclaimer
74.2% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
NZDUSD Scenario 2.1.2025This analysis is just a clarification of the previous analyses. We are creating an sfp below the low, which could indicate some potential space for a long setup, but I am keeping some space for now. If the sfp is confirmed, I will take a long first tp around the price. If we get above the weekly level, which is at 0.56550, it is around 0.57920.
NZDUSD to find sellers at current resistance?NZDUSD - 24h expiry
Price action looks to be forming a top.
An Evening Star formation has been posted at the high.
This is negative for sentiment and the downtrend has potential to return.
We look for a temporary move higher.
Further downside is expected although we prefer to sell into rallies close to the 0.5657 level.
We look to Sell at 0.5657 (stop at 0.5690)
Our profit targets will be 0.5587 and 0.5520
Resistance: 0.5705 / 0.5775 / 0.5850
Support: 0.5590 / 0.5520 / 0.5320
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.
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NZDUSD - Short from bearish OB !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance and then to reject from bearish OB.
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NZDUSD - Weekly Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast (Daily Time-frame):
The price is in a Down Trend, but Beginning of Up Trend is forecasted!
0.5799 is Major Resistance.
Take Profits:
0.57500
0.57992
0.58630
0.59164
0.60369
0.61187
0.62591
0.63680
0.65327
0.67156
0.70330
0.72150
0.74650
💡 Short-term forecast (H4 Time-frame):
Bullish Divergence
Correction wave toward the Buy Zone
Another Upward Impulse wave toward Higher TPs
SL: Below 0.5587
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