NZDUSD long – solid +4.5R setup – the week of 20 Mar 2023My chart says it all, this one does not need much explanation. The H&S can also be seen on the daily chart.
Ideally, I would like to see a small retracement to the neckline, but will be happy to take the trade even at current price.
My initial target will be the distance between the head and neck line but this could easily extended to the next resistance zone.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
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Nzdusdlong
NZDUSD - Bearish price action here ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As we can see price took buy stop liquidity and rejected from bearish order block + institutional big figure 0.63000 and sterted bearish price action which means I will look for shorts. I expect price could make a retracement to fill the imbalance higher and if price rejects from there I will open a short position.
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Buying NZDUSD on dips.NZDUSD - 18h expiry - We look to Buy at 0.6145 (stop at 0.6083)
Previous support located at 0.6200.
Previous resistance located at 0.6250.
The trend of higher lows is located at 0.6100. Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6250 will confirm the bullish momentum.
Our profit targets will be 0.6295 and 0.6325
Resistance: 0.6250 / 0.6300 / 0.6350
Support: 0.6200 / 0.6150 / 0.6100
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NZDUSD | UPSIDE LOOKS PROMISINGNZDUSD is currently standing on horizontal resistance zone of 0.62750 where bulls are trying 4th attempt to breakout from the start of March.
The all previous attempt in March were made when EMA200 was above the price hence bulls were never strong. This time EMA is acting as support in favour of bulls to surpass this resistance.
We can witness upside in Kiwidollar to 63800 level. More than 100 pips from current level. Any dip as long as it is above the EMA is buying opportunity.
Let us know what do you think of the idea.
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here I expect price to go a little bit higher and then to reject from bearish order block + institutional big figure 0.63000. As well we could see a normal divergence formed which indicates bearish price action.
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NZDUSD SellNZD/USD picks up bids to pare intraday losses around 0.6175 during early Thursday. Even so, the Kiwi pair remains down for the second consecutive day after reversing from the 200-SMA and one-month-old resistance line the previous day.
The NZD/USD pair’s failure to cross the aforementioned key hurdles joins bearish MACD signals and the downbeat RSI (14) line, not oversold, to keep the sellers hopeful of witnessing the quote’s further downside.
NZDUSD h1 main trend is still down. Currently, the pair is in a short correction span. In today's price, it is possible that the price will recover to 0.6185 area and then continue to go down. Recommended to wait for selling around the price zone of 0.6185, SL: 0.6215, TP: 0.6140-0.6110
NZDUSD SellNZD/USD is keeping its bullish momentum intact after hitting the low near0.6220 level. The NZD/USD advance comes on the back of US Dollar weakness amid falling US Treasury bond yields. The high beta currency was also kicked up by firmer equity complexes from the last three days.
The US Dollar-driven move underpinned the pair, earlier in the week, after the recent fallout of Silicon Valley Bank (SVB) and Signature Bank. The aforementioned incident made a direct impact on US Treasury yield complexes.
NZDUSD h1 price is still on the upside. Today, it is possible that the pair will go up to the 0.6275 resistance area and then turn down again. Recommend waiting to sell to 0.6275, SL: 0.6310, TP: 0.6200
NZDUSD SellIt is another quiet Asian session for the AUD/USD and the NZD/USD. There are no material stats from Australia for investors to consider this morning. The lack of stats will leave investors to dissect Fed Chair Powell’s testimony and today’s US Jobs Report. Another hot US Jobs Report would pressure the Aussie and Kiwi. Following recent forward guidance from the RBNZ and RBA, monetary policy divergence remains firmly in favor of the US dollar.
Market bets of a 50-basis point Fed interest hike leave the Aussie and Kiwi facing further downside risks. However, Fed policy uncertainty resurfaced on Wednesday. During the second day of testimony, Fed Chair Powell reopened the door to a less hawkish March rate hike, cushioning the downside on Thursday.
NZDUSD long term trend is still down. Currently on the h1 chart the price is sideways in the 0.6090-0.6140 zone. With this pair, traders can wait to sell down around 0.6140, SL: 0.6170, TP: 0.6090
NZDUSD to find support at current lows?NZDUSD - 24h expiry - We look to Buy at 0.6100 (stop at 0.6025)
Previous support located at 0.6100.
Previous resistance located at 0.6150.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6150 will confirm the bullish momentum.
Our profit targets will be 0.6250 and 0.6280
Resistance: 0.6150 / 0.6200 / 0.6250
Support: 0.6100 / 0.6050 / 0.6025
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NZDUSD - Short from bearish order block ✅ Hello traders!
‼️ This is my perspective of NZDUSD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 0.62000.
‼️Attention!!! Due to the fact that we have news events on USD tomorrow, the analysis can be invalidated.
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NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week.
For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 50 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much.
- Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly.
- Anyway, NZDUSD can continue to BUY until 0.6700 LEVEL..
Before that, 0.6042 LEVEL can be SELL.
A buy setup on NZDUSDHey Trader,
I am looking to open a buy position on NZDUSD.
On a Daily TF, Kiwi just made a retest to the previous support zone, after a long bearish momentum forming a tight descending wedge all along the way.
Price broke above the upper band of the wedge and now making a fine turn back to retest an using the previous resistance as support (making the zone a MLoMS).
The entry confirmation would come to play after the break of the current current flag pattern. (Setting a pending order would suffice in this type of entry).
Keep Watching
NZDUSD (LONG) 🔥🔥🔥ENTRY OPPORTUNITY
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
NZDUSD H4: Bullish outlook seen, further upside above 0.6220On the H4 timeframe, prices have broken above a key resistance-turned-support zone at 0.6220, which is in line with the 23.6% Fibonacci extension. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 0.6300, which coincides with the 61.8% Fibonacci retracement. Prices are holding above the 50 EMA, and MACD is showing bullish momentum while ADX is above 25, supporting our bullish bias.