Nzdusdanalysis
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective after the price changed the character, so I am looking for shorts from premium zone. If price fills the imbalances higher and reject from bearish order block I will consider to open a short position.
Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA and on Wednesday will be released Unemployment Rate on NZD. Pay attention to these news, as they are important for the upcoming month and USD bias.
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Emerging bullish order flowThe market has been consolidating and creating more corrective move compared to impulsive moves which led us to a demand zone that was in alignment with three bullish drives. The combination hiked price up to the initial internal liquidity level after breaking the structure. On lower timeframes we spot a nice contraction which provides a distribution phase, a drop is expected from here, should price break below the fair value gap, then we look for bullish entries on the breaker block and we target 0.62261 because this looks like a bullish order flow under construction…
NZDUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: We can see here that price changed the character and started to form lower highs and lower lows, so I am looking for shorts. For now I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.63000.
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Imbalance correctionPrice abruptly shot to the upside and mitigated the internal supply zone after the accumulation phase, then made a pullback to the zone. The pullback formed this contraction to load a volatile bullish move to reach the breaker block above. Price respected the zone in a distribution manner which reduced price all the way down to the 50% Fibonacci retracement within the order block. With this area being mitigated, the market is more likely to correct the imbalance by filling the fair value gap and persistently going bullish to the order block. If we don’t catch this current move, then we wait for the anticipated pullback to level 0.62127 with the 0.062868 target…
NZDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD potential upside from its trendline support areaNZDUSD is potentially creating rejection and reverse to continue its bullish movement. Therefore, I am not suggesting you try doing counter trading by opening selling/short position.
At the moment, NZDUSD is weaving in its support with rejection happen due to the Nonfarm Payrolls news.
The overall market has been muted due to easter holidays this week and we should see the market back to normal next week.
I am seeing that we are able to take long position because NZDUSD has rejection in its support of the trendline and having bullish movement in 1H and 4H timeframe.
I will set the stop loss at 0.62 and potential upside at 0.638.
Good luck!
Happy profit!
Recession Probability Dumped NZDIn the 4-hour and daily timeframe, FRVP shows the $0.6230 level as a critical support. At the same time, we see that it has been in the ascending channel since the beginning of March and is currently breaking the lower support of the channel. The fact that the sub-support of the channel and the FRVP support are in the same region increases the risk level of this region. The prospect of New Zealand's possible recession has pushed the NZD below this risk level. In such a scenario, it is possible to see $0.60 levels.
NZDUSD SELLSHello traders we are looking out for NZDUSD sells movement all we wait for is for price to test back our 0.61 fib lvl which is 0.62274 area take profits lvl 0.60972 for about 133 pips and my stop loss lvl is 0.62551 , risking about 24 pips on this trade tell me what you guys think this trade