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Nzdusdanalysis

NzdUsd- Reversal after inverted hammer?Since the high of around 0.64 back in mid-July, NzdUsd dropped hard losing around 500 pips of its value also dropping under 0.6070 horizontal technical support. A new low was made at the end of August, followed by a new one at the beginning of September. However, this new low is very close to August one suggesting a lack of power from bears. Friday's candle is an inverted hammer, also suggesting the possibility of a correction. I'm bullish NzdUsd as long as 0.5850 is intact and I'm looking to buy dips. The target could be represented by a test of the broken support.
Long
by Mihai_Iacob
2
NZDUSD Weekly Short Trade Setup Good morning everyone, its been a while since my last published idea, nonetheless, here we have NZDUSD on the weekly timeframe giving us a breakout and then a retracement back the RZ 1. Typically in these cases you may get a pullback to RZ 2 but, overall I think this will drop in the next upcoming weeks. You can also some liquidity which form on the RZ 1 pullback. Give this trade some time. Remember, it's based off the weekly, daily seems to choppy which will cause some slowdowns before the big drop. Don't forget NFP tomorrow, this may be the push down it needs or maybe the retest to RZ 2. I guess we will find out soon. Happy Trading everyone !!!!
Short
by Vic_Tech_Trader
NZDUSD Long Term BUYING Trading IdeaHello Traders In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET today NZDUSD analysis 👆 🟢This Chart includes_ (NZDUSD market update) 🟢What is The Next Opportunity on NZDUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
1
NZDUSD SWING SIGNAL LONGHello trader friends New Zealand dollar to US currency pair Considering the breaking of the dollar index, we can think about long transactions Due to the inclusion of the pivot in the 4-hour period, there is a possibility of a phase change from bearish to bullish in this currency pair. Therefore, according to the appropriate risk and reward, we can enter into long positions Thank you for following me You can send a message to subscribe to Signal's private channel I will also be happy to tell you your opinion
Long
by jawad369
NZDUSD – bearish momentum building 07 Aug, 2023This pair has had 3 consecutive weeks of losses and in my opinion, this trend will continue during the upcoming week. Looking at recent PA, the bulls have tried to recover some ground, but these have been mostly weak moves that were quickly reversed by the bears. A similar pullback and further bearish evidence will provide another opportunity to go short. If my expectation does come through, I will be looking at the area around 0.5840 as target. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
NzdUsd- In search of the next support (could be 0.5750)After flirting with 0.6050-0.6070 zone support, exactly a week ago, NzdUsd managed to break under and at the time of writing is trading well under the psychological 0.6. The overall structure is strongly bearish and we could probably see down continuation. 0.6050 is now resistance and, in my opinion, rallies towards 0.6 should be sold considering a stop above resistance. As the title says, 0.5750 could be swing trader's target.
Short
by Mihai_Iacob
8
NZD/USD Stumbles as Chinese Economic Recovery FaltersThe NZD/USD dropped sharply below 0.6100, impacted by China's sluggish economic recovery and the US Dollar's strength. Disappointing Chinese trade data and a narrowed US trade deficit contributed to the decline. Mixed signals from US central bank speakers added complexity. Technically, the NZD/USD is approaching key support levels. Traders now await critical economic data from both China and the US. TRADE IDEA DETAILS CURRENCY PAIR: NZD/USD CURRENT TREND: Bearish, influenced by concerns over China's economic recovery and a strong US Dollar. TRADE SIGNAL: SELL 👉ENTRY PRICE: 0.6050 – The current price level after the NZD/USD slipped below 0.6100 and reached 0.6051. ✅TAKE PROFIT: 0.5985 – The year-to-date (YTD) low. This is a conservative target, based on the bearish outlook. ❌STOP LOSS: 0.6100 – Above the daily high of 0.6109, a level that could signal a reversal of the bearish trend. RISK MANAGEMENT: A tight Stop Loss at 0.6100 helps in limiting potential losses, while the Take Profit at 0.5985 aligns with current market trends and technical support levels. ANALYSIS: Fundamental Analysis: Weak Chinese economic recovery and strong US Dollar are pushing NZD/USD lower. Technical Analysis: The currency pair has fallen below daily EMAs and is approaching a key support level at 0.6031. Breaching this level could expose the 0.6000 figure and YTD low at 0.5985. TRADE PLAN: Monitor China's Upcoming Inflation Data: A further economic downturn in China could increase selling pressure on NZD/USD. Watch US Inflation Data for July: The data may have an impact on USD strength and influence the trade. Assess US Central Bank Communications: Any policy shifts can alter the trade dynamic. Timeframe: A short to medium-term trading window, with constant monitoring of key economic indicators. FINAL THOUGHTS: The NZD/USD pair presents a sell opportunity, driven by negative sentiment around China's economy and US Dollar strength. Proper risk management, adherence to the entry, take profit, and stop loss levels, and continuous monitoring of economic data are vital to this trading strategy.
Short
by RichDadph-FX
TeconLab_S1 NZDUSD BullishDear Traders, The TeconLab team has developed a new research method using price decomposition analysis to forecast future trends for currency pairs. Our latest analysis of NZDUSD indicates a bullish outlook. Please review the attached chart and set take profit levels accordingly. First TP is has priority. After the first TP market will pullback, and should wait for the breakout. If it happens we will get the second order and wait for the 2nd TP. Whenever your second TP hit, wait for a drop for the wave 4 and then another entry and the last TP. We are optimistic this innovative approach can deliver strong profits with high accuracy. Your likes and feedback provide valuable motivation as we continue improving our models. Current pairs under research include: AUDUSD EURUSD GBPUSD NZDUSD USDCAD USDJPY USDCHF EURGBP GBPJPY XAUUSD (Gold) Please let me know if you have any other suggested pairs for analysis. We aim to provide actionable insights that can drive improved trading performance. Thank you for your interest and support. Regards, The TeconLab Team
Long
by teconlab
NZDUSD Struggling to break 0.61Hello Traders, today the FX:NZDUSD pair in struggling to break the 0.61 level and re-enter in the local channel (highlighted by yellow trendlines). Today operativity will be to monitor 2 things : 1. A break of 0.61 that wil give the possibility to re-enter the channel and target the 0.62 levels probably the coming week 2. If prices stay below the 0.61 level the sentiment could turn bearish targeting the 0.598 level that represent the bottom of the mail descending channel. I'm expecting big volatility due to NFP and Uneployment Rate at 14.30 UTC+2 Levels to watch and trade: - 0.6125 200 MA on 30M chart that represent the resistance - 0.6065 we have the support So, a break and close above 0.6125 will be considered as a bullish sign targeting 0.62+ levels and a break below 0.6065 a bearish one targeting 0.6020 and further. In my opinion the best thing to do is to trade according to the mentioned levels and avoid trade the news because you might break your account.
by IllyrianTrader