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Nzdusdlong

NZDUSD Update Hello Traders, today i will trade again the FX:NZDUSD for three reasons: -The first reason is that the FOMC will most likely not raise interest rates from September, considering that interest rates at 5.25%-5.5% on the dollar are at 22 year highs and inflation seems to be slowing down (at least in the markets). -The second reason is that with a drop of 133 pips in 2 days, it should be retraced, having left several levels of liquidity as you can see on the chart by Volume Profile. -The third reason is the good volatility of the pair. It is an intraday operation and I will most likely not take anything overnight. Levels to watch: Resistance at 0.6152 - 0.6175 targeting 0.619 or the 0.5 Fibo's Support at 0.6133- 0.611 Stop below 0.611 Point of Control 0.6210
Long
by IllyrianTrader
NZDUSD forming a bottom?NZDUSD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. Risk/Reward would be poor to call a buy from current levels. A move through 0.6225 will confirm the bullish momentum. The measured move target is 0.6275. We look to Buy at 0.6180 (stop at 0.6145) Our profit targets will be 0.6255 and 0.6275 Resistance: 0.6225 / 0.6255 / 0.6275 Support: 0.6200 / 0.6180 / 0.6175 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD to turnaround at 50% retracement?NZDUSD - 24h expiry The move lower is mixed and volatile, common in corrective sequences. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6250 will confirm the bullish momentum. The measured move target is 0.6300. We look to Buy at 0.6200 (stop at 0.6169) Our profit targets will be 0.6275 and 0.6300 Resistance: 0.6250 / 0.6275 / 0.6300 Support: 0.6225 / 0.6200 / 0.6175 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD, Bull market trade ideaInvest in success and read this text. The Pair of the week is NZDUSD, which is currently in a bullish market. Price has been fluctuating and now has finally broke a key supply/demand area and now has rejected at a key 4hr level @0.62361. Price is now projected to pullback into the 0.62032 area. Once price rejects in this area, look to take long positions to the next 4hr supply/demand zone @0.62673. Please do not hesitate to leave questions, comments, and concerns. If anyone has a similar Setup please share or comment.
Long
by NoPumpFakesFx
20 Reasons for Buy NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: A completely bearish trend is in place. The last low was created in 2001, followed by a BOS (Breakout of Structure) that occurred in 2011. The market then entered a correction phase and formed a valid lowest level in 2020 with a big hammer and heavy volume. This indicates that the market may have formed a higher low and could potentially continue its bullish journey. Currently, the market is making an inside hammer move and coming down for a liquidity grab. Price has reached an extreme level, and if we closely observe, we'll notice that each candle has lower-side wicks. 2:📆Monthly: Despite the overall bearish trend, there is a valid low formed, and at that low point, there is a significant volume which indicates a strong buying area. If we look at the closing of November 2022, there is a big doji candle followed by big bullish momentum moves. The current month's candle also shows a similar character. 3:📅Weekly: A triangle pattern is forming, and it has almost narrowed down according to the timeframe or the triangle's nature. If we check the ratio of bullish and bearish candles from the last low to the current candle, we can clearly observe powerful bulls in control. The internal structure forms a bearish CHOCH, but it immediately creates a fakeout, turning the bearish CHOCH into a bullish pattern. Take this into consideration. 4:🕛Daily: Price has taken an inducement and is now following recent order flow. The last valid low is at the same level, and prices have been moving sideways from this point, forming a triangle. The breakout of this triangle will define the next move of the market, and there is a possibility of an upside breakout. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish to sideways, corrective move completed with a valid low and demand area. 6: 2 Pattern Candle Chart: Headfake chart, triangle, LH (Lower High), momentum candle. 7: 3 Volume: High volume at the lower high indicates a signal of profit booking. After heavy volume, prices have not gone further down, instead moving upside. 8: 4 Momentum UNCONVENTIONAL RSI: Sideways but in the bullish zone. 9: 5 Volatility measure Bollinger Bands: The bands are in a full squeeze, and the breakout of the squeeze will finalize the entry. If it breaks upside, take a long position immediately. 10: 6 Strength ADX: Sideways. 11: 7 Sentiment ROC: USD is weak, and NZD is strong. ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish CHOCH. 13: Entry Move: Impulsive. 14: Support Resistance Base: Trendline breakout. 15: FIB: Activated on the daily timeframe. ☑️ Final comments: Buy at the breakout. 16: 💡Decision: Buy. 17: 🚀Entry: 0.6232. 18: ✋Stop Loss: 0.6168. 19: 🎯Take Profit: 0.6466. 20: 😊Risk to Reward Ratio: 1:2. 🕛 Expected Duration: 20 days.
Long
by Optimum369