NZDUSD BUYWelcome . The New Zealand dollar pair is in a positive situation. There is a high possibility for the pair to rise. After breaking the flag. It has come out of the transverse rectangle. The pair is trying to retest the channel to resume the bullish trend . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Nzdusdanalysis
20 Reasons For Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside
phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart
2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways
3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks
4:🕛Daily: Invert head & shoulder taking support at weekly
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: Inverse Head & Shoulder
7: 3 Volume: Massive Volumes on Buy Candles good for bulls
8: 4 Momentum UNCONVENTIONAL Rsi: sideways to bullish zone
9: 5 Volatility measure Bollinger bands: It starts squeezing. Now let's see Which side breakdown occurs, but then a high chance it can be the bull side
10: 6 Strength ADX: bullish DMI in strengths kiss and cross but overall sideways
11: 7 Sentiment ROC: this week, NZD is most vigorous in the central basket, and USD is the weakest
✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish
13: entry move: wait for fill the Recent FVG overall market is in a proper uptrend in h4 tf
14: Support resistance base: protected lows back to back
15: FIB: waiting
☑️ final comments: wait until the price touches the recent support area when reached here; you need to wait for a trendline breakout and buy
16: 💡decision: Buy
17: 🚀Entry: 0.6234 estimated
18: ✋Stop losel: 0.6199
19: 🎯Take profit: 0.6363
20: 😊Risk to reward Ratio: 1:3.5
🕛 Excepted Duration: 3 days
DeGRAM | NZDUSD bullish pressure on resistanceNZDUSD is trading in an ascending channel.
The market has attempted to break the resistance level at 0.62800 three times.
Price is making higher lows and equal highs, which means that bulls are putting pressure on the resistance level.
We expect a breakout of the major resistance.
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NZDUSD long – solid +4.5R setup – the week of 20 Mar 2023My chart says it all, this one does not need much explanation. The H&S can also be seen on the daily chart.
Ideally, I would like to see a small retracement to the neckline, but will be happy to take the trade even at current price.
My initial target will be the distance between the head and neck line but this could easily extended to the next resistance zone.
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 analysis, please give it a “thumbs up” and follow me to get even more awesome content.
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NZDUSD - Bearish price action here ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As we can see price took buy stop liquidity and rejected from bearish order block + institutional big figure 0.63000 and sterted bearish price action which means I will look for shorts. I expect price could make a retracement to fill the imbalance higher and if price rejects from there I will open a short position.
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NZDUSD | UPSIDE LOOKS PROMISINGNZDUSD is currently standing on horizontal resistance zone of 0.62750 where bulls are trying 4th attempt to breakout from the start of March.
The all previous attempt in March were made when EMA200 was above the price hence bulls were never strong. This time EMA is acting as support in favour of bulls to surpass this resistance.
We can witness upside in Kiwidollar to 63800 level. More than 100 pips from current level. Any dip as long as it is above the EMA is buying opportunity.
Let us know what do you think of the idea.
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here I expect price to go a little bit higher and then to reject from bearish order block + institutional big figure 0.63000. As well we could see a normal divergence formed which indicates bearish price action.
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NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week.
For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 50 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much.
- Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until 0.6700 LEVEL..
Before that, 0.6160 LEVEL can be SELL.
NZDUSD SellNZD/USD picks up bids to pare intraday losses around 0.6175 during early Thursday. Even so, the Kiwi pair remains down for the second consecutive day after reversing from the 200-SMA and one-month-old resistance line the previous day.
The NZD/USD pair’s failure to cross the aforementioned key hurdles joins bearish MACD signals and the downbeat RSI (14) line, not oversold, to keep the sellers hopeful of witnessing the quote’s further downside.
NZDUSD h1 main trend is still down. Currently, the pair is in a short correction span. In today's price, it is possible that the price will recover to 0.6185 area and then continue to go down. Recommended to wait for selling around the price zone of 0.6185, SL: 0.6215, TP: 0.6140-0.6110
NZDUSD SellNZD/USD is keeping its bullish momentum intact after hitting the low near0.6220 level. The NZD/USD advance comes on the back of US Dollar weakness amid falling US Treasury bond yields. The high beta currency was also kicked up by firmer equity complexes from the last three days.
The US Dollar-driven move underpinned the pair, earlier in the week, after the recent fallout of Silicon Valley Bank (SVB) and Signature Bank. The aforementioned incident made a direct impact on US Treasury yield complexes.
NZDUSD h1 price is still on the upside. Today, it is possible that the pair will go up to the 0.6275 resistance area and then turn down again. Recommend waiting to sell to 0.6275, SL: 0.6310, TP: 0.6200