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Nzdusdforecast

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
NZDUSD Technical Analysis and Trade Idea US100👉🔍 Looking at the NZDUSD chart, we can clearly see that the price has broken out of a 4-hour downtrend. There is a noticeable break in market structure to the upside, followed by a significant rally. It has now reached a resistance level, and I'm anticipating a retracement back down to the 50% to 61.8% Fibonacci levels, where I'll be looking for a potential buy opportunity if the price action described in the video unfolds. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before making any buying or selling decisions, as explained in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
by tradingwithanthony
1-Hour Chart Analysis NZDUSD short Visit ourtrades website for more insight link in bio The 1-hour chart reveals a rising channel, with price nearing the upper boundary. The RSI is currently showing a lower low while the price shows a higher high, indicating bearish divergence which is often a sign of an impending reversal. Key Observations: Rising channel with price approaching the upper boundary. RSI shows bearish divergence. Sell confirmation conditions met: RSI lower low. EMA bearish crossover. Higher time frame bearish trend. Sell signal triggered at 0.59586, with targets at 0.5920 and 0.5880.
Short
by FourtradesTV
7 Dimension Sell setup or NZDUSDCore Analysis Method Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H4 1: Swing Structure: Bearish swing confirmed with inducement. As the swing move makes the first pullback with an internally bearish structure, it mitigates the dicional POI at the internal premier zone or resistance supply area. 2: Pattern 🟢 CHART PATTERNS Reversal: Double top forming but not confirmed yet. 🟢 CANDLE PATTERNS Shrinking candle pattern forming with bullish momentum unable to break the range indicates climax player entry and profit-taking activity with FOMO. Inside bar also forming indicates the end of bullish activity. 3: Volume 🟢 Much bullish volume is considered during the corrective move but unable to break the resistance, meaning this is all execution volume here. 4: Momentum RSI 🟢 Currently in a bullish zone without range shift, indicating weak bullish momentum. However, divergence suggests that the price might come down to take new buy orders. The Grandfather-Father-Son signal indicates another strong bearish move is coming, so we are leaning towards sellers. 5: Volatility Bollinger Bands 🟢 After a short contraction and upper band squeeze breakout, proper walking on the band indicates continuation for the buy side in terms of volatility. 6: Strength Bears are weaker than bulls. 7: Sentiment 50/50 ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: Waiting for MSS 💡 Decision: Sell Stop order 🚀 Entry: 0.5932 ✋ Stop loss: 0.5951 🎯 Take profit: 0.5841 😊 Risk to reward Ratio: 4.79 RR 🕛 Expected Duration: 10 days SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with mixed signals from structure, volume, momentum, volatility, strength, and sentiment. Leaning towards a bearish move due to the Grandfather-Father-Son signal and divergence on RSI.
Short
by Optimum369
NZDUSD Weekly Forecast and AnalysisNZDUSD Weekly Forecast and Analysis Overview: As we approach the next trading week, the NZDUSD pair exhibits a promising bullish picture. Based on price action, we anticipate the price to find a strong support base near a minor resistance zone indicated on the chart, suggesting potential for further upward movement. Let’s dive into the detailed analysis based on price action and trend directions. Support and Resistance Zones: The key support and resistance zones marked on the chart above are very crucial areas for traders to constantly watch price action around these two key levels for the NZDUSD pair. Price Action Insights: Bullish Candlestick Patterns: The formation of bullish engulfing candles near the minor support zone will highlight strong buying interests among traders. The formation of this pattern around the minor support zone will act as a reliable indicator of potential continuation in the bullish trend. The NZDUSD pair has recently shown strong upwards momentum, leaving traceable signs of bullish trend continuation. Breakout Scenario: If the NZDUSD pair breaks above the highlighted resistance zone, we anticipate a very strong upward move whereby the price establishes a new weekly high, as shown on the chart. This breakout could be driven by sustained buying pressure and positive market sentiment among traders. Conclusion: In summary, the NZDUSD pair is poised for continued bullish movement in the coming week. The price action and momentum analysis support the expectation of a breakout above the highlighted resistance zone, leading to new weekly highs. Traders should monitor key levels closely and consider potential entry points aligned with the observed price action and trend indicators. Staying informed and adaptable to market changes will be crucial for successful trading. Invest Wisely, By Piptera Digital Solution
Long
by Piptera-Digital-Solutions
The NZDUSD price forecast update June 30thThe NZD/USD pair is trading around 0.60914. The price is currently below both the 100-period and 200-period moving averages, indicating a bearish trend. There is a significant support zone around 0.60313 to 0.59926. This zone had previously acted as a support but has been broken and retested, indicating a potential shift to resistance. Immediate resistance is around 0.60824, just above the current price. The price has recently broken through a significant support level (around 0.60824) and retested it, suggesting a potential continuation of the downtrend. Summary: Right Now it indicates a bearish trend with the price trading below key moving averages and having recently broken a critical support level. Traders should look for selling opportunities on rallies to resistance levels, with potential downside targets near the descending support line around 0.59000. Always ensure proper risk management with stop-loss orders above key resistance levels. What do you think ? Let me know in the comments SIGNAL: SELL: 0.60944 - 0.61085 STOP: 0.61168 TAKE PROFIT: 0.60295 TAKE PROFIT: 0.59948 NOTE: Trade at your own risk. Thank you
Short
by The_Golden_Path
7
NZDUSD Weekly Analysis and OutlookNZDUSD Weekly Analysis and Outlook This week, the NZDUSD pair has been entrenched in a bearish trend, reflecting a prevailing downward momentum. The recent market activity suggests that this trend may continue, with the pair approaching a critical support zone. Current Market Overview: The bearish pressure on NZDUSD indicates strong selling interest, as evidenced by the consistent downward movement. As the pair approaches a key support level, traders should closely monitor the price action for potential breakout scenarios. Expectations and Potential Scenarios: Primary Expectation: If the price successfully breaks below the current support zone, we anticipate continued downward momentum. This breakout could signal further declines, with potential to reach lower support levels, providing opportunities for short positions. Alternative Scenario: Conversely, if the support level holds, there may be a temporary pause or retracement in the bearish trend. Traders should be prepared for this possibility, as it may offer opportunities to reassess positions before the downtrend resumes. Conclusion: In summary, the NZDUSD pair remains in a bearish trend, with potential for further declines upon breaking the support zone. Traders should remain vigilant, watching for key breakout signals and adjusting strategies accordingly. Monitoring both bearish continuation and potential corrective scenarios will be essential for effective trading. Stay informed and ready to adapt as market conditions evolve. By Piptera Digital Soltuions, Invest Wisely
Short
by Piptera-Digital-Solutions
NU Trading Plan - 9/Jun/2024Hello Traders, Hope you all are doing good!! I expect NU to react from the highlighted zones. Currently NU is in bigger correction & I am still seeing the potential bigger move towards upside. Plan to Trade: If market starts to correct from current levels upside and hit the highlighted zone, then short term sells are possible. 0.605 will be the area where I will start to look for my BUYs. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper