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Nzdusdforecast

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
NZDUSD Bullish setups**Monthly Chart** NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at). **Weekly Chart** Last week candle closed bullish as a continued move from the previous week. There were good buying opportunities on smaller time frames in the previous weeks. This week we will be looking for any trading opportunities on the retracements for good swing trades towards the next target. **Daily Chart** For the next two weeks, I will be looking for the price to retrace lower and provide buying opportunities. For selling opportunities, it will be short-term near the 0.6250 level if the price is unable to break the high. We might see a strength of the USD index for a short-term swing to the downside. But the main opportunity is for long setups as of now. On 22nd May, there will be Red Folder news on NZD which might push the price of NZD pairs lower, then we will see how the market reacts to the news. Either way, it will provide a good trade setup for our next move.
Long
by PropSignals
NZD/USD - Bearish Harmonic Pattern Signals Downtrend TrendThe NZD/USD currency pair is currently exhibiting strong bearish signals. A Bearish Harmonic Pattern has formed at a key resistance area, indicating a potential reversal. Additionally, a Bearish RSI Divergence on the 4-hour chart further supports our bearish bias. _________________Technical Indicators_____________________ Bearish Harmonic Pattern: The Bearish Harmonic Pattern detected at the key resistance level suggests a potential downward movement. This pattern is known for its high probability of signaling trend reversals, reinforcing our expectation of a bearish trend. Bearish RSI Divergence: The Relative Strength Index (RSI) on the 4-hour chart shows a bearish divergence, adding another layer of confirmation to our bearish outlook. The divergence indicates weakening momentum, suggesting that the recent upward movement is losing strength. ___________________Trade Setup_______________________________ Entry and Stop Loss Entry Point: 0.61345 Stop Loss: 0.61535 The entry point is strategically placed below the resistance area to capture the expected downward movement. The stop loss is set slightly above the resistance to protect against potential breakouts. Take Profit Levels: To maximize potential profits, we have set three take profit levels: TP-1: 0.61155 TP-2: 0.60965 TP-3: 0.60775 These levels are based on historical support zones and Fibonacci retracement levels, ensuring logical and technically sound exit points. Conclusion: The confluence of a Bearish Harmonic Pattern and a Bearish RSI Divergence at a critical resistance area strongly indicates a potential bearish trend for the NZD/USD pair. By following the outlined trade setup, traders can effectively capitalize on this anticipated market movement. Always ensure to manage risk appropriately and adjust stop losses and take profits as the market evolves.
Short
by trading_jupiter
NZDUSD BULLISH MONEY HEIST PLAN TO STEAL EVERYTHINGMy Dear Robbers / Traders, This is our master plan to Heist Bearish side of NZD/USD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
by Thief_Trader
NZDUSD: Has bears given up? Possible Swing BuyingOANDA:NZDUSD We have possible buying opportunity on NZDUSD, on two day time frame price had rejected on ' discounted price zone' indicated a proper bullish reversal and the second confirmation is that price created strong lows and failed to break previous strong lows. In our view, price is likely to fall under our entry/demand zone and rebound strongly which will lead to our target zone eventually. This is a swing trade, so it will take days or months to be completed,; however, you can close the trade at your own decision. Good luck and trade safe. Like,comment and follow for more❤️
Long
by Setupsfx_
8
Markets next move awaits Fed speeches this week Markets next move awaits Fed speeches this week In April, the US economy saw a modest increase of 175,000 jobs, marking its slowest growth in six months, notably below market projections of 243,000 and a considerable drop from the robust 315,000 jobs added in March. So, now we know the NFP data from last Friday, has this changed investors' outlook for fed rate cuts, and subsequently limit the recent strength in the USD? After the NFP, the USD was weakest against the NZD, falling by a little more than 0.75%. The market might want to see a few more similar NFPs before they really get their hopes up again though. Consequently, the prevailing sentiment might still be tilted in favor of the NZD/USD sellers. Any bullish sentiment that lingers may need to await the pair's crossing of the 50 and 200-day SMA in the upcoming trading sessions. The upcoming week is marked by significant speeches from Fed officials, events that could potentially quash the NZD's upward momentum. This limitation on the NZD's upside potential might be reflected across all major currencies. Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance.
by BlackBull_Markets
NZDUSD Technical Analysis and Trade IdeaOur analysis of the NZDUSD pair on higher time frames reveals a dominant bearish trend. Currently, the pair is approaching a crucial support level, with a potential retracement setting up a trading range. In the accompanying video, we present a trade idea contingent on favorable price action development. We identify key support and resistance levels, examine chart patterns, and conduct price action analysis to pinpoint a specific price behavior that would justify market entry. Please note that this analysis is for educational purposes only and should not be considered as financial advice. Trading carries inherent risks, and it is essential to employ robust risk management strategies at all times.
Short
by fxtraderanthony
NZDJPY H4 Bullish In this video, we will be discussing the bullish forecast for the NZDJPY currency pair. We will analyze the current market conditions and trends to provide insights on why we believe NZDJPY is likely to see a bullish movement in the near future. Stay tuned to learn more about potential trading opportunities and strategies for NZDJPY. If you are interested in forex trading and want to stay ahead of the market, this video is a must-watch for you. Don't miss out on valuable information that could help you make informed trading decisions. Subscribe to our channel for more updates on forex trading and market analysis. Remember, trading involves risk and it's important to do your own research before making any investment decisions.
Long
by Jeremyforex121