nzdusd sell. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Nzdusdanalysis
DeGRAM | NZDUSD in the consolidationNZDUSD pulled back from the support level. Price is trading in the descending channel.
There's a kill zone level where the resistance level lines up with the 61.80% fibo level.
We expect a rollback from the levle since, according to the 4-hourly chart, the market is essentially consolidating.
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NZDUSD
In the NZD/USD pair's daily timeframe, a bullish trend seems to be forming, evidenced by an ABC pattern. Following the completion of the last impulse, which underwent a 50% correction, there's a potential setup for further upward movement. Traders may look for confirmation signals such as breakouts or bullish candlestick patterns to validate this bullish bias before considering long positions.
NZ Economist's bold call opens opportunity in NZD? NZ Economist's bold call opens opportunity in NZD?
Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting.
This could potentially open some targets to the upside in the NZD/USD, including a yearly high for the pair. On its way up, we might want to see little hesitation in the recent consolidation band of 0.62130 and 0.62611 before this eventuates though.
Zollner pointed out that a series of "small but unwelcome data surprises" was enough to kickstart the hiking cycle again. She mentioned that it's not uncommon for central banks to resume hiking after a break, citing three instances when the Reserve Bank did so after the 2007 Global Financial Crisis.
Obviously Zollner's prediction is only that, a prediction (and perhaps biased at that?). On the flip side, Kelly Eckhold, the chief economist at Westpac (New Zealand's second-largest retail bank), disagreed with the market predictions of another rate hike, countering Zollner's hawkish stance. Eckhold interpreted the new data to suggest a "higher for longer" scenario, expecting rates to stay at 5.50% until 2025. Which might not exactly be bad news for the upside prospects of the NZD/USD too.
NZDUSD - Potential downside for liquidity ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and could reject from resistance zone.
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NZDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity NZDUSD
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NzdUsd- Resumption of the up move?In a recent post, I emphasized that it is of paramount importance for Kiwi bulls to maintain the 0.6010-0.6030 zone.
As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year.
As indicated by the chart, this level is identified by horizontal support and the Golden Fibonacci zone, which spans between 50% and 61%.
So far, the pair has held this level intact and reversed strongly after touching it.
Additionally, there has been a break above the descending trend line, further reinforcing this bullish outlook.
With that said, I m bullish on OANDA:NZDUSD as long as the price stays above the recent low, and buying dips is my strategy.
Furthermore, a trade targeting the recent high resistance level could potentially offer a 1:3 risk-to-reward ratio, depending on the entry point.
DeGRAM | NZDUSD trend continuation opportunityNZDUSD is trading in the descending channel. Price pulled back from the support level.
There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it.
The market is consolidating near the psychological level 0.61000, creating divergence.
We expect a bearish move to complete the AB=CD pattern.
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#NZDUSD: Possible Big Selling Opportunity! Dear Traders,
Hope you had a great weekend, now looking at the big picture of NZDUSD, we think price will likely to reverse after touching our area, DXY may become reverse in a week or two, while the pair is yet far from our entry point. We expect smooth drop; ensure you take appropriate risks when trading.
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NZDUSD analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DeGRAM | NZDUSD pullback from confluence levelNZDUSD is moving in an ascending channel. The market has dropped from the major resistance level.
The market is creating a bearish harmonic pattern, which is additional confluence.
We expect a pullback from the resistance since the market is moving sideways on the 4-hourly chart.
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EURUSD - NZDUSD - AUS200 Trade RecapThree positions taken last week, two breakevens and one loss. Great trades nonetheless, two structures I would take over and over again with the EURUSD position being on the higher risk side of things. Risk management plan stuck to, frequency is picking up just in the first month of the year as expected. Trade safe and responsible
NZDUSD Looking BullishThe Business Confidence report for New Zealand's NZD/USD reveals a positive shift in business sentiment, with a rise to 36.5 in January from the previous figure of 33.3. This indicates an optimistic change in how businesses perceive the economic environment. However, the NZD Activity Outlook, measuring firms' expectations for their own activity, witnessed a slight dip, decreasing to 25.7% from the earlier reading of 29.2%.
NZDUSD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis.
Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity NZDUSD
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