NZDUSD H4 I Bullish reversalBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.6075, which is a pullback support
Our take profit will be at 0.6138, which is an overlap resistance level.
The stop loss will be placed at 0.6036, which is a pullback support 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.
NZDUSD
NZDUSD is approaching a decent support areaHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60800 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60800 support and resistance area.
Trade safe, Joe.
NZDUSD Will Go Up From Support! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.612.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.618 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.609.
✅LIKE AND COMMENT MY IDEAS✅
NZDUSD → Local trend change? Moving down ↓ ?OANDA:NZDUSD breaks trend support amid a strong dollar. The currency pair could move to the downside if the bears hold the resistance area on their count.
On the daily timeframe, the currency pair is inside the sideways channel, but at the same time breaks the ascending support line. Thus, the market is starting to look towards 0.6084 support as an area of interest.
The US market has a day off today, so the volatility may be low, but nevertheless we have prerequisites for the beginning of the downward movement. If the bears keep the price below 0.6150-0.6140, the market may enter the phase of downward movement and head towards such targets as: 0.6083, 0.6000.
Resistance levels: 0.6140, 0.6170, 0.6215
Support levels: 0.6083, 0.6000
At the moment the market is struggling for the area of 0.6140. Consolidation below the level or the beginning of the impulse to the support will confirm that the bears are holding the market, then we will have to wait for the achievement of the goals.
Regards R. Linda!
NZDUSD intraday dips continue to attract buyers.NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the daily chart.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 0.6150 will confirm the bullish momentum.
The measured move target is 0.6175.
We look to Buy at 0.6120 (stop at 0.6100)
Our profit targets will be 0.6170 and 0.6175
Resistance: 0.6150 / 0.6170 / 0.6175
Support: 0.6125 / 0.6120 / 0.6100
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.
NZDUSD The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the NZDUSD next move:
The instrument tests an important psychological level 0.6106
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6137
My Stop Loss - 0.6087
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Market Analysis: NZD/USD Sight Steady IncreaseMarket Analysis: NZD/USD Sight Steady Increase
NZD/USD could gain bullish momentum if there is a clear move above the 0.6150 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is attempting a recovery wave above the 0.6110 resistance.
- There is a major bearish trend line forming with resistance near 0.6150 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6220 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6150 against the US Dollar.
The pair even dropped below the 50-hour simple moving average and tested 0.6100. A low was formed near 0.6095 and the pair is now attempting a fresh increase. It is back above the 0.6110 level and the 50-hour simple moving average.
On the upside, the pair is facing resistance near the 50% Fib retracement level of the downward move from the 0.6220 swing high to the 0.6096 low. There is also a major bearish trend line forming with resistance near 0.6150.
The next major resistance is near the 61.8% Fib retracement level of the downward move from the 0.6220 swing high to the 0.6096 low at 0.6175. If there is a move above 0.6175, the pair could rise toward the 0.6220 resistance.
Any more gains might open the doors for a move toward the 0.6250 resistance zone. On the downside, immediate support on the NZD/USD chart is near 0.6125.
The next major support is near the 0.6110 zone. If there is a downside break below 0.6110, the pair could extend the decline toward the 0.6095 level. The next key support is near 0.6965.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
61.8% Fibonacci resistance ahead for the Kiwi?NZD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 0.6168
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6215
Why we like it:
There is a pullback resistance level.
Take profit: 0.6098
Why we like it:
There is a pullback support level.
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.
Potential bullish rise?NZD/USD has just bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6101
Why we like it:
There is a pullback support level.
Stop loss: 0.6048
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Take profit: 0.6169
Why we like it:
There is an overlap resistance level which aligns with the 50% 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.
Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 0.6103
1st Support: 0.6048
1st Resistance: 0.6167
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.
XAU/USD : Potential Upside After Reaction to Key Demand ZoneBy analyzing the #gold chart on the 2-hour timeframe, we observe that after the PPI news was announced yesterday, gold initially experienced a price surge. It climbed to $2327 before encountering selling pressure, leading to a correction of over 320 pips down to $2295.
As previously mentioned, the $2295 to $2303 range was a significant demand zone, and the price responded positively to it. Currently, gold is trading around $2331, having broken yesterday's high. If the price stabilizes above $2327, we can anticipate further growth in gold, with the first target being the liquidity pool above $2342.
Additionally, there's a Fair Value Gap (FVG) ahead that might be filled next week, ranging between $2348 and $2373. This presents an exciting opportunity for traders to watch for potential movements in the market.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Potential bullish bounce?NZD/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
Entry: 0.6101
Why we like it:
There is a pullback support level.
Stop loss: 0.6046
Why we like it:
There is a pullback support that likes up with the 138.2% Fibonacci extension.
Take profit: 0.6169
Why we like it:
There is an overlap resistance level that lines up with the 50% 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.
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZD/USD Set to Rise: Leveraging Soft CPI and Fed Rate Cut ImpactHello Traders,
In today's trading session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61500 zone. Currently, NZD/USD is trading in an uptrend and is undergoing a correction phase. This correction is bringing the pair closer to the key support and resistance area at 0.61500, a level that has historically acted as a significant pivot point.
From a fundamental perspective, yesterday's CPI data came in softer than expected. This indicates that inflationary pressures are not as strong as anticipated, suggesting a more subdued economic environment. Lower inflation reduces the urgency for aggressive monetary tightening, leading to market expectations of a more cautious approach from the Federal Reserve.
In response to the softer CPI data, the Federal Reserve did cut interest rates in its latest FOMC meeting. This dovish move is expected to weigh heavily on the USD, as lower interest rates generally lead to a weaker currency. This scenario supports our bullish outlook on NZD/USD, as a weaker USD increases the attractiveness of the NZD. Given these fundamental developments, the 0.61500 zone presents a strategic entry point for long positions in NZD/USD.
Trade safely,
Joe