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Nzdusdanalysis

NZD/USD Top-Down Market Analysisvisit fourtrades.com for more Daily Timeframe: In the daily chart, NZD/USD is trading within a key resistance zone around 0.6340 to 0.6380. This zone has been tested multiple times, and the price is showing signs of potential rejection, with bearish pressure building up. Traders should watch for a decisive breakout above the resistance to confirm bullish momentum, while a rejection could lead to a downward move towards the support levels around 0.6295 and 0.6252. Key Levels: Resistance: 0.6380 Support: 0.6295, 0.6252 4-Hour Timeframe: In the 4-hour chart, we can see the price has broken below a rising channel, indicating a potential shift in momentum. The pair is now retesting a supply zone between 0.6340 and 0.6360. This level could act as a resistance, and if the price fails to break above this zone, we may see a continued downward move towards the next demand zone around 0.6290. Additionally, the footprint marked around 0.6320 shows an important reaction level. If this area holds, it could signal a continuation of the bearish trend. Key Observations: Bearish Channel Breakout Retest of Supply Zone (0.6340 – 0.6360) Potential targets: 0.6290, and possibly 0.6257 1-Hour Timeframe: The 1-hour chart shows the pair breaking below a bear flag pattern, a continuation signal of the previous bearish momentum. The price is hovering near the 0.6330 level, and there are two potential scenarios from here: Bullish Scenario: If the price pushes back above 0.6340, we may see a short-term move towards 0.6360 or higher. Bearish Scenario: If the price breaks below 0.6330 and holds, expect the market to test 0.6300 and then 0.6250. Traders should keep an eye on these levels, as they represent critical points for potential trade setups in both directions. Conclusion: NZD/USD is at a key inflection point. On the higher timeframes, the pair is testing important resistance levels, while on the lower timeframes, the breakdown of the rising channel suggests further downside potential. Traders should be cautious and wait for clear confirmations—either a break above resistance for long positions or a continued rejection for short trades. Keep an eye on the 0.6340 and 0.6290 levels for the next possible move.
Short
by FourtradesTV
NZD/USD "Kiwi" Bank Money Heist Plan on Bearish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist NZD/USD "Kiwi" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 2hrs timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
NZDUSD is in the Selling DirectionHello Traders In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD 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 ForexMasters2000
#NZDUSD 4HNZDUSD 4H Sell Opportunity Sell Level: 0.61750 Target Levels: 0.60900 / 0.60000 Description: We are currently observing a sell opportunity for the NZDUSD pair on the 4-hour chart. The recommended entry point for this trade is at 0.61750. Technical Analysis: Resistance Level: The price has encountered resistance around the 0.61750 level, which has been validated by previous price action. Downtrend Confirmation: The recent price action suggests a potential continuation of the downtrend, with the pair showing signs of bearish momentum. Target Levels:The initial target for this trade is set at 0.60900, with a secondary target at 0.60000. These levels are based on previous support zones and Fibonacci retracement levels. Trade Strategy: 1.Entry: Place a sell order at 0.61750. 2.Stop-Loss: Consider setting a stop-loss order slightly above the entry level to manage risk in case the market moves against the position. 3Take Profit: Set the take-profit levels at 0.60900 and 0.60000, adjusting based on market conditions and risk tolerance. Risk Warning: As with any trading opportunity, it is crucial to manage risk appropriately. Ensure to use proper risk management techniques, such as setting stop-loss orders and adjusting position sizes according to your trading strategy. Happy trading!
Short
by PIPSFIGHTER
FOREX (NZDUSD) All long targets done using RisologicalFOREX (NZDUSD) All long targets done using Risological Nice forex trade (NZDUSD) on Risological. All long trade targets done nicely on the 15m time frame. The Trailing stop is at 0.61645, so, small portion of the trade is still open for further upward profits. If the price closes (15m candle close) below the Risological trend line - the dotted line acting as trailing stop, that will be the sign of trend reversal and we will look at fresh short position. Thanks and all the best. Like and follow if this helped.
Long
by ProfitsNinja
NZDUSD is in the Selling DirectionHello Traders In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD 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 ForexMasters2000
NZD/USD "KIWI" Bank Money Heist Plan on Bearish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist NZD/USD "KIWI" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 1H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
NZD/USD powering higher as business confidence, milk prices surg- NZD/USD hits highs not seen since early January - Latest leg higher fueled by big improvement in New Zealand business confidence - Kiwi likely to outperform as long as traders continue to see a soft US economic landing About the only thing rising as fast as dairy prices is New Zealand business confidence right now, and both are beneficial for NZD/USD which has surged to seven-month highs. Who said Kiwis can’t fly? Kiwi flying on dairy strength, soaring business confidence As covered in a separate note last week, NZD/USD has been a major benefactor of recent US dollar weakness, not only enjoying tailwinds from narrowing interest rate differentials but also soaring dairy prices. You can now add bullish New Zealand business confidence to the growing list of Kiwi tailwinds. The confidence measure in the ANZ Bank New Zealand Business Outlook survey surged to a decade-high in August, surging 23 points to +51. Expectations for own activity also bounced, hitting fresh seven-year highs. The bounce in optimism followed the Reserve Bank of New Zealand’s (RBNZ) first interest rate cut of the cycle earlier in the month, with the bank signalling a further 100 basis points of easing by the middle of next year. “Things are definitely looking up, albeit from a pretty dark place for many firms,” ANZ’s economics team wrote. “It wasn’t the Reserve Bank’s cut to the Official Cash Rate (OCR) that kicked off the lift – we saw an increase across much of the survey already in July, and the further large jump in August was already evident when the survey first opened at the very beginning of the month. The table below from ANZ details just how impressive the improvement in the surveys internal components was during the month. NZD/USD remains a buy-on-dips play Having chopped back and forth through former resistance at .6218 earlier this week, the data has seen the Kiwi rocket higher in Asian trade on Thursday, hitting levels not seen since early January, breaking through another layer of resistance at .6277 in the process. The question now is whether it can hold there? RSI (14) and MACD continue to provide bullish signals on the daily timeframe, although the former is now bordering on overbought territory. Even so, the inclination remains to buy dips rather than sell rallies in the near-term. With nothing else on the New Zealand calendar this week, the biggest threat to the bullish trend arguably comes from incoming US labour market data which has been highly influential on Fed interest rate pricing over recent months, placing emphasis on initial jobless claims that will be released later in the session. For a cyclical currency like the Kiwi, mild weakness screens as bullish. So too mild strength as both would allow the Fed to begin cutting rates without sparking fears of an impending recession. But if the data were to weaken dramatically, that would be problematic given the Kiwi comes across as a high beta play on the global economy. If the US were to fall into recession, narrowing interest rate differentials would be more than overridden by fears of weaker demand, hammering risker cyclical plays as a consequence. However, such an outcome screens as unlikely on this occasion, potentially opening the door for the Kiwi to keep rising. My preference would be to see how the data prints before entering positions. If the price pushes above .6277, you could buy with a stop below the level for protection. .63695 is one potential target. Alternatively, if it can’t hold .6277, you could sell with a stop above the level for protection targeting a pullback to either .6218 or .6150. -- Written by David Scutt
Long
by WHSelfInvest
NZD/USD: Bearish Reversal Signal with Key ConfluencesThe NZD/USD pair is currently exhibiting signs of a potential bearish reversal, highlighted by the formation of a Bearish Butterfly Harmonic Pattern . This pattern, when combined with the key technical confluences identified, supports a strong bearish outlook for the pair in the short to medium term. Bearish Butterfly Harmonic Pattern: The Bearish Butterfly Harmonic Pattern has formed near a critical resistance zone, suggesting a potential price reversal. The confluence of this pattern with the 78.6% Fibonacci retracement level on the weekly chart further reinforces the bearish sentiment. The harmonic pattern's completion at this juncture is a significant indication that the upside momentum may be waning. Key Resistance and Trendline Confluence: Price has recently tested and rejected a key resistance level, which aligns with both the descending trendline and the 78.6% Fibonacci level on the weekly chart. This rejection adds credibility to the bearish bias, as it suggests that sellers are stepping in to defend this area. RSI Divergence on 4-hour time frame: An additional layer of confluence is provided by the RSI divergence observed on the 4-hour timeframe. The RSI has shown a bearish divergence, indicating weakening bullish momentum. This divergence often precedes a trend reversal, further supporting our bearish outlook for NZD/USD. Trade Plan: Given the confluence of these technical factors, the following trade setup is recommended: Entry: 0.61970 Stop Loss: 0.62400 Take Profit Targets TP-1: 0.61540 TP-2: 0.61110 TP-3: 0.60680 Risk Management: This trade setup offers a favorable risk-to-reward ratio, with tight risk management in place. The stop loss is placed just above the key resistance level to protect against potential false breakouts. Conclusion: The combination of the Bearish Butterfly Harmonic Pattern, key resistance rejection, trendline confluence, and RSI divergence points to a strong bearish case for NZD/USD. Traders should consider entering the trade at the specified levels, with a clear focus on the risk management strategy outlined above. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and consult with a licensed financial advisor before making any trading decisions.
Short
by trading_jupiter
NZDUSD moving higher now**Monthly Chart** NZDUSD last month's candle closed as a bearish high test after sweeping liquidity above 0.62000 level (Round number). This month (July 2024 - Still active) tested the midway of the previous month's candle and pushed to May 2024 (bullish candle) Demand Zone. It is also April 2024 low. **Weekly Chart** Last week NZDUSD closed lower after an aggressive sell-off for the past two weeks. The candle closed as a bearish candle. This week I will look for a buy setup around the demand zone if there is a low-risk entry on lower time frames. **Daily chart** This week, I will wait for the price to take liquidity below the 0.58858 level before entering long. Wait for the price to tell you when on lower time frames (ie. 4H and 1H).
Long
by PropSignals