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Nzdusdforecast

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 fxtraderanthony
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
NZDUSD MID-WEEK ANALYSIS-UPDATE 24/09/2023Eyeing a Bullish Reversal After 3-Day Bearish Stint In the wake of a recent three-day bearish run in the NZD/USD pair, we're seeing intriguing signs that suggest a potential market shift. This coincides with the dynamic between the New Zealand Dollar (NZD) and the US Dollar (USD), fueling expectations for a bullish reversal in the NZD/USD. Join us as we closely monitor this currency pair's trajectory in the days ahead. Remember, trading carries inherent risks, so stay vigilant and adapt your strategy to the evolving market trends. Happy trading! 📈💰 #NZDUSDForecast #BullishReversal #TradingView
Long
by Dion-FX
NZDUSD END-WEEK ANALYSIS-UPDATE 24/09/2023Riding the Waves - Awaiting the Next Move As anticipated, NZD/USD experienced a notable recovery following a drop, aligning with our earlier insights. However, the dynamic of this currency pair is ever-changing, and now, a new shift is on the horizon. With a stronger US dollar looming, I'm now looking for another potential drop to the downside. Join me in navigating these market fluctuations as we stay vigilant and adapt our trading strategies. Stay tuned for the next chapter in the NZD/USD journey! 📉📈 #NZDUSDAnalysis #MarketOutlook #TradingView THIS WORKS IF AND ONLY DXY MAINTAINS IT BULLISHNESS ABOVE 105.864
Short
by Dion-FX
NZDUSD SWING SIGNAL LONGHello trader friends New Zealand dollar to US currency pair Considering the breaking of the dollar index, we can think about long transactions Due to the inclusion of the pivot in the 4-hour period, there is a possibility of a phase change from bearish to bullish in this currency pair. Therefore, according to the appropriate risk and reward, we can enter into long positions Thank you for following me You can send a message to subscribe to Signal's private channel I will also be happy to tell you your opinion
Long
by jawad369