NZDUSD
NZDUSD H4 | Potential bullish breakoutNZDUSD is rising to the swing-high resistance, our buy entry level. It could potentially breakout of the buy entry and rise to the take profit.
Buy entry will be at 0.61469, the swing-high resistance that aligns with the 50% Fibo retracement.
Our take profit will be at 0.62071, also a swing-high resistance.
The stop loss will be placed at 0.60809 the overlap support.
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Kiwi H4 | Potential bearish breakoutThe Kiwi (NZD/USD) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 0.60819 which is a potential breakout level.
Stop loss is at 0.61220 which is a level that sits above a pullback resistance.
Take profit is at 0.60523 which is a multi-swing-low support.
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. 66% 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. 70% 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.
KIWI LONGVery interesting pool of support underneath. I have placed the buy limit order with the given stop and target. If the price does not give me a pullback within 8 hours I will pull the order. There is a potential engulfing forming in the daily as well after it swing failed the lows. So I think the shorts have been trapped already.
NZDUSD TRADE IDEA | 1hWaiting for DXY inducement to get in. Most of the USD pairs look like a short right now. Waiting for some reactions confirming my predictions. I don't predict in trading, I react to what I see.
It either goes to the hidden base or it might just drop off the inducement and imbalance fill.
Lets see!
What do you think?
LQP = Liquidity Pool
Kiwi H4 | Rising into resistanceThe Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 0.61071
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 0.61364
Why we like it:
There is a pullback resistance that sits above the 38.2% Fibonacci retracement level
Take Profit: 0.60720
Why we like it:
There is a pullback support level
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NZDUSD to find buyers at current support?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Short term RSI has turned positive.
A move through 0.6095 will confirm the bullish momentum.
The measured move target is 0.6125.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 0.6080 (stop at 0.6060)
Our profit targets will be 0.6130 and 0.6145
Resistance: 0.6100 / 0.6120 / 0.6160
Support: 0.6090 / 0.6080 / 0.6070
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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.
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New Zealand Dollar Bearish Sentiment and Trade Plan
Based on the latest COT report, non-commercial traders (speculators) have significantly increased theirlong positions in the NZD. This suggests that they are becoming less bearish on the New Zealand dollar and may be anticipating a potential rally.
Open Positions Retail Sentiment data also shows a decrease in short positions and an increase in long positions among retail traders. This is a contrarian indicator, as retail traders are often wrong at market turning points. Therefore, the increase in long positions among retail traders may suggest that the NZDUSD downside has further to go.
The NZDUSD pair is currently trading below a triggered BUY level at 0.6157. An upside move and testing this level could make a fine signal to entry point for a short position.
Strifor || SILVER-27/02/2024Preferred direction: BUY
Comment: Despite the fact that gold is a more comfortable instrument for entering a long position among metals, long for silver is nevertheless considered. It should be noted that at the end of yesterday there were good hints of a long position. All that remains is to wait for the close above the level of 22.66582 (scenario №1). The limit buyer began making its presence known on Tuesday. Less likely scenario №2 remains as Plan "B" .
We fix the growth target at the level of 23.32250.
Thank you for like and share your views!
NZDUSD Short to fill the GapGlossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
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2024 – 03 – 04 NZDUSD short
DXY positioning indicating continuation short, and therefore a weaker Dollar;
However NZDUSD on it's own looks likely to fill the gap to the previous VA.
Technically it did not come from a significant VA but shows exhausting PA on the top, followed by a BO of a running channel and is now starting a bigger H1 continuation structure before the last leg down to fill the gab to the VA.
I am now waiting for price to tap into the Liq.P and show some form of a LTF consolidation for an entry short.
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 :-)
NZDUSD → The bearish trend continues to accompany the price OANDA:NZDUSD is trading inside the descending price channel. A new downward movement is formed on the background of the growing dollar index, the pair is testing the support, the breakthrough of which can give a strong impulse.
A descending triangle is forming on W1, which indicates the weakness of the New Zealand dollar. The price cannot break through the trend resistance, and another dxy reversal for growth indicates that nzd will continue to weaken.
On n4 we are interested in the level of 0.60862, relative to which a pre-breakout consolidation is formed, which can move the market into the phase of distribution. Breakout of 0.60862 and price consolidation below the level will be a confirmation that the pair is ready to continue falling to the mentioned targets.
Resistance levels: 0.611, MA-200
Support levels: 0.60862, 0.600
I expect a breakthrough of the specified trigger zone with a subsequent fall towards the specified targets.
Regards R. Linda!
NZDUSD - Wait For The Trigger 🏹Hello TradingView Family / Fellow Traders,
On 4H: Left Chart
NZDUSD has been bullish trading within the flat wedge pattern in red and it is currently hovering around the lower bound.
On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close below above the neckline highlighted in gray.
📉 Meanwhile, NZDUSD would be bearish short-term and can still trade lower inside the daily support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
NZDUSD is approaching a significant levelHey Traders, in today's trading session we are monitoring NZDUSD For a selling opportunity around 0.61400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area.
Trade safe, Joe.