NZDUSD Technical Analysis And Trade Idea The NZDUSD has shown notable upward momentum, reaching a significant resistance point on both daily and weekly charts. This video offers an extensive analysis, carefully scrutinizing price actions and uncovering potential trade prospects through comprehensive assessments across various timeframes, spanning from weekly down to 15-minute intervals. Expect a thorough examination encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's essential to highlight that the insights shared in this video are purely educational and should not be construed as financial guidance.
Nzdusdanalysis
NZDUSD H1, FUTURE PERSPECTIVE ✅🧠Hello Traders!
This is my perspective for NZDUSD H1. At the moment, we can see a phase of accumulation, I expect a manipulation until 0.6115 and after that, to execute LONG TRADE.
Also, the level of 0.61700 is an important level of resistance to follow. Exactly from this level, I expect the distribution and I will look for a LONG TRADE ENTRY.
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NzdUsd to reach 0.65 in mid-termFX:NZDUSD has been in a downtrend for nearly two years. However, after reaching a low at the 0.55 zone, which aligns neatly with the pandemic's 2020 low in October 2022, the pair staged a robust recovery, gaining approximately 1000 pips and reaching the trend line once again.
Subsequently, a new decline occurred, halting at 0.58 and establishing a higher low on our long-term chart. Another recovery ensued, propelling the pair back above the crucial 0.6 level, significant both psychologically and technically. This was accompanied by a touch of the descending trend line.
The recent correction formed a bullish flag, and the pair rebounded strongly from just above the technical support. Currently, the pair is hovering around resistance, and I anticipate a potential breakout. Such a break could lead to further gains, with the medium-term target set at 0.65.
I maintain a bullish stance as long as the pair remains above the recent low of 0.6050.
NZDUSD - Look for a long ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.61000.
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#NZDUSD: 600 PIPS BUYING OPPORTUNITY Hey everyone,
NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly.
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NZDUSD Price Movement After Fed Turns To Timing Of CutsAfter breaking through a strong resistance level in the range of 0.617-0.618, the price of NZDUSD continued to move upward within the framework of impulse wave 3.
We expect the bullish trend to continue with minor pullbacks up to 0.645.
In recent weeks, the New Zealand dollar has been one of the strongest currencies, but we expect this trend to continue in the medium term due to the Fed's intention to cut rates in 2024.
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Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
NZDJPY: The November manufacturing PMI index in New Zealand incrNew Zealand's manufacturing PMI, also known as the BNZ BusinessNZ Manufacturing Performance Index, jumped from 42.9 points in October to 46.7 points in November and hit a 6-month peak, but is still in the range narrowed and was the 9th consecutive month below 50 points.
🌟 Forex Trading Tutorial: Trading a Fake Breakout✅🔍 Understanding Fake Breakouts:
🔸Spotting the Fake Breakout: In the chart, as highlighted, a green candle indicates a reversal above a certain level, signifying a fake breakout. This is where the market seems to break a support or resistance level but quickly reverses direction, invalidating the breakout.
🔸Qualities of the Confirming Candle: The candle that signals a fake breakout shouldn't be a weak one. It must clearly demonstrate that the breakout was fake, usually with a strong close in the opposite direction of the initial breakout.
📊 Trading Strategy for a Fake Breakout:
1. Position Entry: You can open a position based on these candles, capitalizing on the market's misdirection.
2. Stop Loss: Set the stop loss just below the low of the confirming candle. This placement limits your potential loss if the market moves against your position.
3. Target and Risk-Reward Ratio: Aim for a risk-reward ratio of 2:1 to 3:1. This means for every unit of risk taken, you expect to gain two to three units in reward. For instance, if your stop loss represents a potential loss of 50 pips, set your target at 100 to 150 pips.
💡 Why It Works: This strategy works because fake breakouts often trap traders in the wrong direction. When the market swiftly reverses, it can lead to a strong move in the opposite direction as traders rush to adjust their positions.
📚 Educational Note: It’s crucial to practice this strategy in a demo account or with a small position size initially. Forex trading carries risks, and understanding market dynamics is key to successful trading.
🔑 Remember: Forex trading requires careful analysis, patience, and risk management. Always do your homework and trade responsibly! 🌍📚
#tradecitypro #forex #NZDUSD #breakout #fake_breakout
NZDUSD Looking BearishCertainly. Here's a rephrased version along with an explanation:
We recently observed a market response following our decision to initiate a sell position at 0.6122 on the 4-hour (H4) chart. This decision was based on identifying a resistance level that overlapped with the current market conditions.
In order to set clear risk and reward parameters, we established a profit target at 0.6064. This target aligns with an overlapping support level, indicating our expectation for a downward price movement.
To manage potential losses and protect our trade, we strategically placed a stop loss at 0.6189. Notably, this stop loss coincides with another overlapping resistance level. This placement aims to limit losses in case the market moves against our sell position, providing a risk management strategy aligned with the identified chart patterns.
NZDUSD - Long active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled perfectly the imbalance and rejected from bullish order block + institutional big figure 0.61000.
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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 50.0% fibo perfectly lines up with it.
On the 4 hourly chart, the market rebounded from the psychological level at 0.62000.
We expect completion of the AB=CD pattern.
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NzdUsd is extremely bullish above 0.6050
Recently, I highlighted a potential reversal for NZD/USD on a few occasions. This anticipation was based on two primary factors: firstly, the occurrence of a false break, and secondly, the emergence of a notably large bullish engulfing pattern in mid-November.
As predicted, the pair successfully surpassed the 0.60 figure and the horizontal level at 0.6050, achieving a local high of 0.6221.
While the early part of the week is marked by a normal correction, there are indications that this correction may have concluded, paving the way for a potential continuation to the upside towards 0.64 next important level of resistance.
As the title suggests, NZD/USD is currently exhibiting strong bullish momentum above the 0.6050 support level.
The bullish sentiment prevails as long as this support is intact on a daily close basis.
In line with this analysis, my strategy for this pair is to capitalize on buying opportunities during market dips.
Nzdusd Super short position for the downside looking forward to sell NZDUSD around 0.6175 level or above as we have seen a massive shift for downside in all major currencies as dollar seems to rally higher and target 104.25 level which makes this pair weaker and pois to move down.
As i am also using the inner circle trader concepts and a mentorship student of 3 years this model should pan out and should target 0.6120 level with the higher time frame institutional order flow.
DeGRAM | NZDUSD bearish opportunityNZDUSD and EURUSD have very similar price action.
Price is consolidating between the 0.62200 - 0.61300 levels.
The bulls could not push the price further up, and it created divergence at resistance.
We expect a bearish trend; pullback.
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NZDUSD → Plummets from a four-month high, drops below 0.6200FX:NZDUSD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields. Consequently, the pair tumbled more than 0.80% and trades at 0.6154.
The NZD/USD uptrend remains intact, though it is subject to a pullback. If the pair slides past the 0.6150 figure, the next support would be the November 30 swing low at 0.6120. Up next the 200-day moving average (DMA) at 0.6089. A breach of the latter and the pair could shift neutral if it slumps below the October 11 high turned support at 0.6055.
On the other hand, if NZD/USD buyers reclaim 0.6200, further upside is seen above 0.6226, followed by a test of the July 27 high at 0.6273. If those two supply zones are erased, a jump to 0.6300 is on the cards.
7 Dimension Trade Idea For NZDUSD 🕛 TOPDOWN - Long-Term Bullish Setup for NZD/USD
Overview:
The 3-month, monthly, and weekly analyses indicate a significant shift in character for NZD/USD. After a prolonged downtrend, the pair shows signs of a bullish reversal. While a trend line resistance is identified on the weekly, a daily correction is expected before considering a long entry.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Change in character.
🟢 Swing Move: Impulsive with (CHOCH).
🟢 Inducement: Direct CHOCH.
🟢 Pull Back: Awaiting, potentially deep.
🟢 Internal Structure: Bullish.
🟢 Ext OB: Unmitigated for a potential flip.
🟢 Resistance/Supply Zone: Identified at the swing high level, aligned with the weekly resistance trendline and premier order block. So better for wait a correction till our suggest entry levels
🟢 Time Frame Confluence: Daily.
2️⃣ Pattern
🟢 CHART PATTERNS
Rounding Patterns: Near completion at target levels.
Continuation: Rising Wedge, Shakeout Continuation.
🟢 CANDLE PATTERNS
Key Considerations:
Record session count observed without momentum weakening.
Strict engulfing candles indicating sustained bullish strength.
3️⃣ Volume:
🟢 Fixed Range shows intact bull volume.
🟢 Volume on breakout and during correction is positive, suggesting a potential change of character.
4️⃣ Momentum RSI:
🟢 In the super bullish zone.
🟢 Range shift indicates growing bullish power.
🟢 No divergence observed.
🟢 Overbought, expecting a small correction.
🟢 Grandfather-father-son entries hint at strong bullish control.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band and dual band derivation support potential reversal and uptrend moments.
6️⃣ Strength According to ROC:
🟢 Values: NZD 4.61 Vs USD 0.07, signaling USD weakness against NZD.
7️⃣ Sentiment: Overall, the sentiment is not entirely clear. While bulls have strong control, a final decision awaits a correction and its behavior.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bullish CHOCH.
☑️ Current Move: Impulsive.
✔ Support/Resistance Base: Flip area.
☑️ Candles Behavior: Awaiting correction.
☑️ Trend Line Breakout: To be marked after prices complete the correction.
💡 Decision: Buy after a corrective move provides a valid low.
🚀 Entry: 0.6040
✋ Stop Loss: 0.5848
🎯 Take Profit: 0.7366
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:5
🕛 Expected Duration: 45 days
SUMMARY: The analysis supports a long-term bullish setup for NZD/USD. The completion of the corrective move is crucial for a more accurate entry, allowing for a favorable risk-to-reward ratio. Patience is key to capturing the potential upside in this trade.
NZDUSD - Potential long ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.61000.
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