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Nzdusdforecast

NZDUSD Looking BearishCertainly. Here's a rephrased version along with an explanation: We recently observed a market response following our decision to initiate a sell position at 0.6122 on the 4-hour (H4) chart. This decision was based on identifying a resistance level that overlapped with the current market conditions. In order to set clear risk and reward parameters, we established a profit target at 0.6064. This target aligns with an overlapping support level, indicating our expectation for a downward price movement. To manage potential losses and protect our trade, we strategically placed a stop loss at 0.6189. Notably, this stop loss coincides with another overlapping resistance level. This placement aims to limit losses in case the market moves against our sell position, providing a risk management strategy aligned with the identified chart patterns.
Short
by HUMCRYPTOCLUB
NZDUSD: go, go down $-)Hey, folks! We're witnessing some manipulation with the highs here! The upward momentum that started on October 26 broke through the high of October 23 at 0.60555. This high was the peak of the downtrend that persisted throughout this year. We were expecting a decline last week, but as it turns out, the bears were just hiding their intentions. Right now, the pair is trading near the low of last Friday at 0.61444. A breakthrough of this level today or tomorrow would make the outlook for NZD/USD bearish. We continue to anticipate a decline in the pair. The magnitude and duration of the drop will become clearer in the coming days. If the bears muster the strength to push the exchange rate lower, towards the 0.6070 area, then the decline will likely last for at least a week and appear quite substantial.
Short
by ForbesRatingN1
1
#NZDUSD: 600 PIPS BUYING OPPORTUNITY Hey everyone, NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly. Like our work? Then Like and comment, most importantly follow our page so you never miss out of any big trade setup/ideas. Thanks as always for showing incredible support towards us ;)
Long
by Setupsfx_
48
NZDUSDDear Traders, Our overview remain bullish as in our previous chart that we had explained it, right now price is in very tricky sport while dxy did not make any strong retracement since last week and has continued dropping in this week too. It is hard to clearly pin point when DXY will retrace so we kept that thought in mind and we think price of NZDUSD will continue the bullish momentum. This idea is swing move, please use smaller time frame for entries, like and comment if you agree with the idea. thanks a lot ;)
Long
by Setupsfx_
1
There is a CHANCE TO REVERSE THE TREND OF THE YEARThe past trading week was marked by growth. The weekly candle was not as strong as the one before last, but still showed enough bullish strength. Friday was quite volatile, but ended on a bullish note, leaving the bears with only Thursday, which saw a decline compared to the previous growth. Our trading strategy points to further growth. The configuration of the previous market dynamics puts a ceiling on the upward movement at the level of 0.6085. The October high at 0.60555 remains an important reference point. Breaking above this level would provide the first sign of a reversal in the downtrend from the February 2, 2023 high of 0.65378. At the market open, we are placing a buy order slightly below Friday's closing price at 0.5985. Ride the waves, but don't forget to buckle up and enjoy the ride $-)
Long
by ForbesRatingN1
NZD/USD: correction, followed by further growth.The NZD/USD pair has shown an upward reversal, so buying is preferred. Currently, our trading strategy indicates the need for a downward correction. The ideal scenario on November 06th would be a touch of the November 2nd high at 0.59171. On Monday, a small momentum-driven growth is possible, followed by a correction. In any case, after the completion of the correction, the minimum target for growth is 0.60555 (the high of October 23rd). We recommend buying after the correction with targets at 0.60555 and higher.
Long
by ForbesRatingN1
Ladies and Gentlemen, get ready 2 fasten belts 4 take offPrevious forecasts have been achieved, prices have dropped below 0.5859. A price pivot zone near 0.5810, which appeared a year ago, has been reached. We believe it is possible to begin cautious purchases (high risk). Our trading strategy indicates that an upward reversal will occur when levels around 0.5930 are reached on Monday-Tuesday of the upcoming week. Furthermore, we expect continued growth towards the area of 0.6000 and beyond. We expect a potential revisit of last week's lows, but the depth of the breakdown will not be significant.
Long
by ForbesRatingN1
NZDUSD Technical Analysis and Trade Idea Asian SesionIn this video, we present an in-depth analysis of NZDUSD, with a primary focus on the prevailing bearish price movement evident in the 1-week and 1-day timeframes. Notably, NZDUSD has reached a critical support level at the lower boundary of the current trading range. Our discussion in the video delves into crucial aspects of technical analysis, including, but not limited to, the current trend, price dynamics, market structure, and various other fundamental elements of technical analysis. As we progress through the latter part of the video, we explore a potential trading opportunity in greater detail. It's of paramount importance to emphasize that the content presented here is intended solely for educational purposes and should not be construed as financial advice. It's vital to recognize that engaging in currency market trading involves a significant degree of risk. Therefore, it is absolutely imperative to prudently integrate risk management strategies into your trading plan.
Short
by tradingwithanthony
NZD/USD Targets for Election NightFancy selling into uncertainty? This could be a scenario for the NZD/USD in the lead up to the election in New Zealand which is way too close to call for either major political party right now (Labour vs National). Voting has been open all week and closes October 14, with the winner called the same day (but after the close of this trading week). Polls have the right leaning National party carving out a small lead at the moment, but some hiccups have seen this lead shrink in the past week (e.g., The were caught knowingly lying about amount the average person would receive from their promised tax cuts) National has also promised to remove the Reserve Bank of New Zealand's mandate to consider employment in its interest rate decisions, which could shift the central bank to a more dovish bias (as current strong employment figures in NZ are perhaps heightening its proclivity to hike). Combine this with the general uncertainty induced by the election, and some downside targets for the NZD/USD could be charted in anticipation for election night and the Monday following the results. The recent touch point for the 0.5861 is the most obvious target that the pair will have to overcome if it wants to seek lower targets. This would also open up new 2023 lows, with 2022 benchmarks helping set possible targets.
by BlackBull_Markets