NZDUSD
NZDUSD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. Potential BEARISH move
! Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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Alikze »» NZDUSD | Ready to break the ceiling of the descendingIn the h4 time frame, it is moving in a descending channel, which is currently supported in the midline of the channel and the green box area, and can continue its growth up to the neckline and the supply area.
💎 Then, with a pullback, it will continue to grow by breaking the channel to the next supply area and filling the FVG gap.
💎 In addition, if the range of the green support box is broken, the alternative scenario can be the continuation of the correction until the bottom of the descending channel.
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NZDUSD: Has bears given up? Possible Swing BuyingOANDA:NZDUSD
We have possible buying opportunity on NZDUSD, on two day time frame price had rejected on ' discounted price zone' indicated a proper bullish reversal and the second confirmation is that price created strong lows and failed to break previous strong lows. In our view, price is likely to fall under our entry/demand zone and rebound strongly which will lead to our target zone eventually. This is a swing trade, so it will take days or months to be completed,; however, you can close the trade at your own decision. Good luck and trade safe. Like,comment and follow for more❤️
Levels discussed on Livestream 15th May15th May - CPI news release
DXY: Likely to consolidate at support area 105
Higher CPI >3.7, DXY trade higher, to 105.50 (confirmation at 105.20)
Lower CPI <3.2, DXY trade down to 104.55
NZDUSD: Sell 0.6070 SL 20 TP 40 (DXY strength)
AUDUSD: Buy 0.6666 SL 20 TP 60 (DXY strength)
USDJPY: Look for reaction at 155.50
Buy 155.85 SL 30 TP 110
Sell 155.30 SL 40 TP 120
GBPUSD: Sell 1.2595 SL 25 TP 65 (DXY strength)
EURUSD: Sell 1.0860 SL 25 TP 60 (DXY strength)
USDCHF: Look for reaction at 0.9012
USDCAD: Buy 1.3625 SL 20 TP 65
Gold: Test and reject 2377, double top, could trade down to 2355
Strifor || NZDUSD-14/05/2024Preferred direction: BUY
Comment: The short-term strengthening of the US dollar's main competitors is relevant, and the New Zealand dollar is no exception. It should even be noted that this currency pair is among the top for short-term growth today. Strengthening of the NZDUSD is expected towards the level of 0.60713 , as well as in the case of the Australian dollar, there is a possibility of more significant growth, however, there is no need to raise the target too much since in the medium term there will most likely be a downward reversal.
According to our main scenario №1 , we expect growth from the current ones, and we can safely consider buying right now. Scenario №2 is extremely unlikely, but nevertheless, we highlight it as an alternative.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-14/05/2024Preferred direction: BUY
Comment: The current week will be the most intense compared to the previous one, as a number of important economic data are expected to be published. The focus will certainly be on the US CPI.
Against this background, we still adhere to the buy priority for the Australian dollar and expect growth to the maximum level of 0.66460 from current prices (scenario №1) . This level is the main target, although you can expect a slight rise a little higher as part of a false upward movement. In the longer term, we also believe that the currency pair will turn downward.
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Strifor || GOLD-Week StartingPreferred direction: BUY
Comment: As a result of last week, gold showed local growth and closed above the level of 2343.869 . This trend is likely to favor buyers, especially in the short term, as we expect the publication of US inflation data on Wednesday, which is likely to particularly affect short-term trends. You need to take this into account and be careful.
Such a metal closed above 2343.869 , then this level can be counted as support and further growth to the historical maximum of 2431 can be expected from this area and above (scenario №1). Scenario №2 also involves entering from the indicated support, but through a false breakout. The target in both cases is the same.
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Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published.
The likely best option for entering a long position is a trade on a breakdown of the level of 1.25396. This level is a local resistance, and if it is overcome, buyers can count on growth at least to the level of 1.26300 (scenario №1) . An alternative option is scenario №2 , where exactly the same breakout transaction is expected after testing the area of 1.24500 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: The previous week passed without particularly important economic events, against the background of which we did not observe much volatility in the market or changes. Thus, the prospects for growth against the US dollar at the beginning of this week remain.
It is not too late for euro buyers to open a trade, if this has not been done earlier. The most likely option is to grow from current prices, since a rebound from the level of 1.07225 allows this to happen (scenario №1) . Scenario №2 is an alternative, but also in favor of the buyer. We fix the growth target at the level of 1.08500.
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Kiwi H4 | Approaching pullback resistanceThe Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6037 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and the swing-high resistance.
Take profit is at 0.5982 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
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Heading into overlap resistance, could it reverse from here?NZD/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 0.6046
Why we like it:
There is an overlap resistance level.
Stop loss: 0.6083
Why we like it:
There is a pullback resistance which aligns with the 138.2% Fibonacci extension.
Take profit: 0.5980
Why we like it:
There is an overlap 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.
NZDUSD to see a temporary move higher?NZDUSD - 24h expiry
Price action has stalled at good resistance levels and currently trades just below here (0.6050).
Price action looks to be forming a top.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6025 will confirm the bearish momentum.
We look to Sell at 0.6050 (stop at 0.6070)
Our profit targets will be 0.6000 and 0.5990
Resistance: 0.6040 / 0.6050 / 0.6075
Support: 0.6025 / 0.6000 / 0.5990
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NZDUSD Is Bearish! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.600.
Considering the today's price action, probabilities will be high to see a movement to 0.587.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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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 0.583.
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NZDUSD
1. **Currency Pair and Timeframe:**
- The chart represents the NZD/USD currency pair.
- The x-axis corresponds to time, spanning from late February to early June.
- The y-axis represents the exchange rate value in USD.
2. **Chart Features:**
- The main feature is a blue line graph that depicts the fluctuations in NZD/USD's value over the specified timeframe.
- Annotations are present at specific points on the chart:
- "LOWER HIGH" indicates a point where the exchange rate reached a lower high compared to previous peaks.
- "LOWER LOW" indicates a point where the exchange rate reached a lower low compared to previous troughs.
- Two trend lines are drawn:
- A white trend line suggests a potential upward breakout after May 13th.
- A yellow trend line anticipates a continuation of the downtrend.
3. **Highlighted Area:**
- There is a light blue area highlighted on the chart, indicating a particular focus or period of interest around mid-May.
NZDUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for NZDUSD below:
The instrument tests an important psychological level 0.6026
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5982
Recommended Stop Loss - 0.6053
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Strifor || NZDUSD-10/05/2024Preferred direction: BUY
Comment: The New Zealand dollar is also considered in favor of a buyer in a short-term deal. The target is still at the level of 0.60713 . Both previously published scripts are already in production.
It should also be noted here that more medium-term prospects will most likely be in favor of the US dollar , and you should not count on big growth.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCAD-10/05/2024Preferred direction: SELL
Comment: The Canadian dollar stands out from other majors today as Canadian labor market data is expected to be released. Previously, we adhered to sell priority and the targets for the previous trading idea can be considered closed.
Ahead of today's statistics, we remain bearish and highlight two main scenarios. Scenario №1 is a fall from current prices, that is, a continuation of the fall. If this option is not implemented, then most likely it is better to look for an entry point according to scenario №2 . We fix the target for sale at the level of 1.36000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-10/05/2024Preferred direction: BUY
Comment: In the second half of the week, the main trading instruments finally began to move in the directions we had previously indicated. For the Australian dollar, today we can expect the previously set target at 0.66460 . At the moment, both scenarios are activated, of course, the most effective, as expected, is scenario №2.
One can also consider a goal slightly above the level of 0.66460 , but one should not set the target too high, for example close to the level of 0.67000, as there is a high probability of a medium-term downward reversal.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || NZDUSD-07/05/2024Preferred direction: BUY
Comment: The New Zealand dollar is also seen in favor of buyers. Here, the expected growth according to the two scenarios is in many ways similar to the situation for the AUDUSD currency pair.
Here, too, the most likely scenario is an increase from current prices (scenario №1) . A less likely scenario involves a preliminary fall to 0.59857 (scenario №2) . We consider the growth target near the level of 0.60713.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-07/05/2024Preferred direction: BUY
Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000 . In the recent past, this level was the growth target for a medium-term deal. This level is currently support.
The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460 . Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller.
Additional comments on this trade will be provided as situation changes. Follow us!
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