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NZDUSD

NZD/USD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which is a pullback resistance and could fall to the pullback support. Pivot: 0.6101 1st Support: 0.6048 1st Resistance: 0.6144 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.
Short
by ICmarkets
Bearish Signals Intensify for NZDUSD Below 0.5800NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this prospect. A monthly close below 0.5800 will intensify bearish price action. R2 0.6083 – 10 April high – Strong R1 0.5985 – 29 April high – Medium S1 0.5852 – 19 April 2024 low – Medium S2 0.5800 – Figure – Medium NZDUSD – fundamental overview RBNZ Governor Orr and Deputy Governor Hawkesby spoke earlier in the session before a parliamentary committee as part of their scheduled Financial Stability Report briefing. Hawkesby said that while there had been an increase in the proportion of non-performing loans, this had been "largely as predicted six months ago," and "provisions hadn't risen or weren't projected to rise as far as they had." On the data front, New Zealand building permits were balanced on the whole. Key standouts on Thursday’s calendar come from German and Eurozone manufacturing PMIs, Canada trade, US trade, US initial jobless claims, and US factory orders. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
WEEKLY FOREX FORECAST: UPDATES! DXY, EUR, GBP....Welcome to another Weekly Forex Forecast Update video. In this video, we will cover the forecasts given in the Weekly Forecast, and allow you to gauge the accuracy of the analysis. USD Index, EUR, GBP, AUD, CAD, NZD, CHF Like and subscribe if you like the video. Thank you! May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6S1!
by RT_Money
NZDUSD to continue in the downward move?NZDUSD - 24h expiry Previous support level of 0.6100 broken. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Short term RSI has turned negative. The measured move target is 0.6040. We look to Sell at 0.6100 (stop at 0.6124) Our profit targets will be 0.6040 and 0.6025 Resistance: 0.6090 / 0.6100 / 0.6125 Support: 0.6075 / 0.6050 / 0.6040 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
NZDUSD Possible retest and continuation to the downsideThe price recently broke out of the ascending channel (4H) and went on to retest the recent swing high, creating an Equal High (EQH). It then rejected the wedge (W) and downtrend line (M) resistance convergence and continued to push downward. Currently, the price is converging with resistance and the 38.2% Fibonacci retracement level. We anticipate that the price may continue to reject this resistance area and push further to the downside. **Rationale:** ~ Wedge (W) and downtrend line (M) resistance convergence ~ Multiple rejections of resistance ~ Shallow pullback (Fib 38.2%) resistance convergence ~ Possible retest ~ Possible lower low formation **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday
Short
by Forexity
NZDUSD Will Move Higher! Long! Take a look at our analysis for NZDUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.610. Considering the today's price action, probabilities will be high to see a movement to 0.613. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDUSD Will Grow! Long! Please, check our technical outlook for NZDUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.611. The above observations make me that the market will inevitably achieve 0.615 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDUSD Is this 1D Golden Cross a bearish signal?The NZDUSD pair has been trading within a Channel Down on the 1D time-frame since the February 02 2023 High. The price almost reached the 0.786 Fibonacci retracement level, which has formed both previous Lower Highs. As the pair completed a 1D Golden Cross today, traders might immediately think that this is a bullish signal, as theory suggests but in the past 18 months, both previous Golden Crosses have formed the Top. At the same time, the 1D RSI completed a Double Top, similar to the December 27 2023 Top. As a result, we have strong evidence to sell this pair again, and target 0.57750 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Kiwi H4 | Falling to multi-swing-low supportThe Kiwi (NZD/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.6100 which is a multi-swing-low support. Stop loss is at 0.6072 which is a level that lies underneath a pullback support. Take profit is at 0.6144 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
NZDUSD BUY | Idea Trading AnalysisNZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
10
Potential bullish rise?NZD/USD is currently on a support level which is a pullback support and could rise from this level to our take profit. Entry: 0.6103 Why we like it: There is a pullback support level. Stop loss: 0.6047 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.6168 Why we like it: There is an overlap resistance level which is slightly below the 61.8% Fibonacci retracement. 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.
Long
by VantageMarkets