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NZDUSD

NZDUSD to turnaround?NZDUSD - 24h expiry We are trading at oversold extremes. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6010 will confirm the bullish momentum. The measured move target is 0.6035. We look to Buy at 0.5990 (stop at 0.5968) Our profit targets will be 0.6045 and 0.6060 Resistance: 0.6010 / 0.6030 / 0.6035 Support: 0.6000 / 0.5990 / 0.5975 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.
Long
by OANDA
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 :-)
Short
by ShahedZare
NZDUSD H4 22 March 2024NZD/USD, H4 22 March 2024 The NZD/USD pair has displayed a double-top pattern, indicating a potential bearish trend. Despite favourable trade balance data released today, the New Zealand dollar has been overshadowed by a strengthened U.S. dollar. With a lack of bullish catalysts for the Kiwi at present, the pair faces challenges in reversing its trend. The NZD/USD pair has formed a double-top pattern, suggesting a potential fresh bearish trend. Resistance level:0.6050, 0.6100📉 Support level: 0.6005, 0.5950📈
Short
by top_fx
NZDUSD Strong medium-term buy opportunity.The NZDUSD pair easily broke above the former Channel Down on our last buy signal (October 27 2023, see chart below) and then went on a slow long-term retrace: The restructured pattern is close to forming a Death Cross on the 1D time-frame, which would be the first since July 06 2023, a formation that turned out to be a buy signal. As the 1D RSI broke below its former Higher Lows trend-line and went below 35.00, a bullish pattern arises. As you can see such RSI pattern priced the Lows of October 26 2023 and May 31 2023, which where bottom buy opportunities that targeted the 0.786 Fibonacci retracement level from the previous High of the Channel Down. Assuming the price soon hits its Lower Lows trend-line, a projected 0.786 Fib is around 0.6280 but we are targeting marginally lower at the top of the Channel Down at 0.62350, as until it breaks, it remains the dominant pattern. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Market Analysis: NZD/USD Signal More LossesMarket Analysis: NZD/USD Signal More Losses NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for NZD/USD Analysis Today NZD/USD declined steadily from the 0.6105 resistance zone. There was a break below a key bullish trend line with support at 0.6040 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 0.6105 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6055 against the US Dollar. The pair dived below the 61.8% Fib retracement level of the upward move from the 0.6024 swing low to the 0.6106 high. Besides, there was a break below a key bullish trend line with support at 0.6040. The pair settled below the 0.6025 level and the 50-hour simple moving average. On the downside, immediate support on the NZD/USD chart is near the 0.6005 level. It is close to the 1.236 Fib extension level of the upward move from the 0.6024 swing low to the 0.6106 high. The next major support is near the 0.5980 zone. If there is a downside break below 0.5980, the pair could extend its decline toward the 0.5950 level. The next key support is near 0.5920. Immediate resistance on the upside is near 0.6025. The next resistance is at 0.6055 and the 50-hour simple moving average. If there is a move above 0.6055, the pair could rise toward 0.6090. Any more gains might open the doors for a move toward the 0.6150 resistance zone in the coming days. 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.
by FXOpen
1
SHORT USDJPY TP 150 REASONS WHY Interest Rate Differential: The interest rate set by the central bank is a major factor that affects the value of a currency. If the Bank of Japan (BoJ) raises its interest rates or signals an intention to do so, while the Federal Reserve maintains or cuts its rates, the JPY could strengthen against the USD. Currently, the market sentiment is that the BoJ will end its ultra-loose policy stance in April by raising interest rates from negative 0.1% to 0.1%2. Economic Indicators: Economic indicators such as GDP growth, unemployment rate, inflation, and retail sales can influence the value of a currency. If these indicators show a stronger economy in Japan compared to the US, the JPY could appreciate against the USD3. Market Sentiment: Market sentiment can also play a role. If traders anticipate a downturn in the US economy or a rise in the Japanese economy, they might sell USD and buy JPY, leading to a short position on USD/JPY. Geopolitical Events: Geopolitical events and uncertainties can cause investors to move towards safe-haven currencies like the JPY. If there’s increased geopolitical tension or economic uncertainty, the JPY could strengthen against the USD. Trade Balance: Japan is a major exporter, and a positive trade balance could lead to an appreciation of the JPY. If Japan’s export growth outpaces its imports, creating a trade surplus, the JPY could strengthen against the USD
Short
by NYRUNSGLOBAL
Join the NZD/USD Buy Opportunity! 📈Hey there, fellow traders! Get ready for another exciting play in the forex world – this time with NZD/USD gearing up for a buy opportunity. Here's why you should be paying attention: 🔍 Let's Talk Numbers: We're eyeing a buy entry point at 0.60300, with a smart stop-loss set at 0.60043 to keep risks in check. Our first target? A juicy 0.60803, offering a sweet 1:2 risk-reward ratio. But don't worry, we've got our sights set on even bigger gains, as our long-term targets reveal. 💼 Market Insight: Wondering why the USD might be on shaky ground in the long run? Let's break it down. It's all about inflation taking the lead while interest rates and yields lag behind. The USD is already feeling the pinch from declining inflation rates, and when both inflation and interest rates ideally sit around 2 percent, any imbalance can spell trouble for the greenback. 🌊 Ride the Wave of Opportunity: As the forex market ebbs and flows, there's plenty of room for savvy traders to make their mark. Keep your eyes peeled for potential pullbacks and breakouts, and get ready to ride the waves of opportunity that lie ahead. 🔒 Keep Your Trade Secure: With a well-placed stop-loss and clear profit targets, we're ensuring our trade is both strategic and safe. Stay disciplined, stay informed, and get ready to capitalize on the potential gains waiting just around the corner. Don't miss out on this NZD/USD buy opportunity – it's time to dive in and ride the wave to success in the forex market!
Long
by ultreosforex
NZDUSD ShortMARKET PHASE OANDA:NZDUSD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 0.60874. Price retraced to this level, triggering our entry and has continued downwards. TRADE I will be entering short on OANDA:NZDUSD with the following parameters: Sell Limit: 0.60874 Stop Loss: 0.61084 Take Profit: 0.60454
Short
by Mankz