NZDUSD
Heading into 50% Fibonacci resistanceThe Kiwi (NZD/USD) is rising towards the pivot and could potentially stall around this region before reversing to drop towards the 1st support.
Pivot: 0.5974
1st Support: 0.5870
1st Resistance: 0.6059
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Falling towards 38.2% Fibonacci retracement support?NZD/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.59220
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.59022
Why we like it:
There is a pullback support level
Take profit: 0.59675
Why we like it:
There is a pullback resistance level
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Shorting on Gbpusd or Nzdusd if USD is still to strongerHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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EURUSD LONG TERM IDEA TO 1.0850FX:EURUSD LONG TERM LONG IDEA 1.0850 TP
As we navigate through the complexities of the forex market, the EUR/USD pair has been a focal point for traders worldwide. With the current exchange rate hovering around 1.07 USD for 1.00 EUR1, the question on everyone’s mind is whether the Euro can strengthen to reach the 1.0850 mark against the US Dollar in the upcoming month.
Recent trends have shown the Euro attempting to find its footing, with analysts noting a mix of hesitation and positive momentum23. The currency pair has been working against significant downward pressure but remains within a consolidation area, suggesting a potential for upward movement.
The financial world is abuzz with speculation, as some experts hint at the possibility of the EUR/USD pair falling to parity4, while others see a glimmer of hope for the Euro to rally. Support levels are currently set around 1.05164, with resistance levels at 1.08848, indicating that the 1.0850 price point is within reach, should the market conditions favor the Euro5.
Investors and traders are advised to keep a close eye on the upcoming economic data releases and policy decisions from both the European Central Bank (ECB) and the Federal Reserve (Fed). These events could significantly influence the direction of the EUR/USD exchange rate.
As we approach the next month, the anticipation builds. Will the Euro rise to meet the 1.0850 challenge, or will the US Dollar maintain its dominance? Only time will tell, but one thing is certain—the forex market remains an exciting arena for those with the acumen to navigate its waves.
NZDUSD in the first half of 2024A glimpse of the NZDUSD in the first half of 2024
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NZDUSD Expected Growth! BUY!
My dear followers,
This is my opinion on the NZDUSD next move:
The asset is approaching an important pivot point 0.5925
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5937
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here price respected my last analysis and filled the imbalance, now we can see a rejection from bearish order block + FIBO 0.5 level. I expect price to continue bearish move to take liquidity below equal lows.
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GOLD IN BUY CORRCTION
BUY now@2325-2315
sl 2310
tp 2327
tp 2330
tp 2335
tp 2365
tp 2385
tp 2415
buy limit 2303-2295-2288(flip entry confrm)
Sl 2285
Tp 2305
Tp 2308
Tp 2313
Tp 2359
Tp 2392
Tp 2415
BUT
In chart
we got DAY High confrm(Using my Research)
DAY in 80% sell
swing entry
sell limit 2391
sl 2439
tp 2295
tp 2256
tp 2202
tp 2150
tp 2050
tp 1975
INTRADAY ENRTY
Sell limit 2389-2394(flip zone)
Sl 2402
Tp 2387
Tp 2384
Tp 2379
Tp 2280
Tp 2163
Tp 2050
Tp 1984
Sell limit 2409-2412(strong sell zone)
Sl 2419
Tp 2407
Tp 2404
Tp 2399
Tp 2280
Tp 2163
Tp 2050
Tp 1984
NOTES: EDUCATION PURPOSE ONLY
NZDUSD is approaching an important resistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60000 support and resistance area.
Trade safe, Joe.
Strifor || SILVER-25/04/2024Preferred direction: BUY
Comment: Let's refresh our previous silver trading idea. Here, as before, we expect more strengthening of the buyer, however, it must be said that the situation is quite uncertain, and it would be better to even take a closer look at the same major currency pairs, the situation there is more interesting. Scenario №1 is already in progress, and the pressure at 27.50 indicates a likely breakout upward towards the target at 28.50 . We don’t forget scenario №2 and keep it as plan B.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-25/04/2024Preferred direction: BUY
Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of 0.65010 . Scenario №1 assumes an increase from current prices towards the local resistance level of 0.65474 , and scenario №2 - after a test of the level of 0.65010 , the goal is the same as in scenario №1 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-24/04/2024Preferred direction: BUY
Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about growth towards the level of 1.28000.
For a short-term trade, we are considering two scenarios, where scenario №1 is growth from current prices, and scenario №2 is growth after a slight pullback downward towards the level of 1.24000 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || NZDUSD-23/04/2024Preferred direction: BUY
Comment: The New Zealand dollar duplicates the sentiment of its older brother, the Australian dollar . Since last week, the buy priority has been maintained, and only the growth target has been changed, which we are considering at the level of 0.59857 . Setting a goal higher than 0.60000 will be a rather risky idea, so it is best to limit the goal to this level.
Considering this week, we offer two scenarios where the most likely growth will not be long in coming (scenario №1) .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-23/04/2024Preferred direction: BUY
Comment: Tuesday has started more positively for the majors, especially for the euro and pound , which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010 . Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast.
Additional comments on this trade will be provided as situation changes. Follow us!
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NZD/USD: End of Correction?OANDA:NZDUSD
Technical analysis suggests that the correction in the NZD/USD currency pair is likely over.
Based on the available evidence, the recent downtrend in the NZD/USD pair is expected to end and we should see an upward movement in price.
The 0.59588 level can be considered as a good entry point for long positions.
Important notes:
Do fundamental analysis as well before entering a trade.
Use proper risk management.
Remember that no analysis is certain and there is always a risk of error.
NZDUSD - Short Trade Idea (ICT)Hello hello everyone,
I see a potentially nice trade forming on NZDUSD. A possible 500+ pips to be had as a swing position.
As you can see, my bias is bearish. I believe we will target the Relative Equal Lows below. I would have to see price start to move lower in the general vicinity of the illustrated path lines. If I don't get an entry in that area, then I would be keen to take one at the Bisi 2W R2F gap should we get a 2W close below it and then a retracement back into it.
Let's see how it goes!
- R2F
NZDUSD price action forming a bottom?NZDUSD - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.5900.
Further upside is expected.
A move through 0.5950 will confirm the bullish momentum.
The measured move target is 0.6000.
We look to Buy at 0.5920 (stop at 0.5892)
Our profit targets will be 0.5990 and 0.6000
Resistance: 0.5950 / 0.5990 / 0.6000
Support: 0.5925 / 0.5920 / 0.5900
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NZD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
NZD/USD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 0.586.
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