Nzdusdlong
NZDUSD - Risky short ✅Hello traders!
‼️ This is my analysis on NZDUSD .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price filled perfectly the imbalance and rejected from bearish orderblock + institutional big figure 0.63000.
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Buying NZDUSD at current support.NZDUSD - 21h expiry - We look to Buy at 0.6311 (stop at 0.6235)
Previous support located at 0.6350.
Previous resistance located at 0.6400.
Price action has continued to trend strongly lower and has stalled at the previous support near 0.6300.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6400 will confirm the bullish momentum.
Our profit targets will be 0.6465 and 0.6500
Resistance: 0.6400 / 0.6450 / 0.6500
Support: 0.6350 / 0.6300 / 0.6250
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
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. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast.
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 75 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 sell further until it reaches 0.6306 LEVEL..
After that, it can go up to 0.6703 LEVEL.
Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
NZDUSD - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis of NZDUSD .
Here can see the confirmation of the SH+BOS+RTO pattern, firstly price took out buy stop liquidity with that stop hunt, after that broke the structure and now I expect to return to orderblock to open a short position.
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Buying NZDUSD at trend line support.NZDUSD - 21h expiry - We look to Buy at 0.6400 (stop at 0.6349)
Previous support located at 0.6450. Previous resistance located at 0.6500.
The current move higher is expected to continue.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6500 will confirm the bullish momentum.
Our profit targets will be 0.6528 and 0.6558
Resistance: 0.6500 / 0.6550 / 0.6600
Support: 0.6450 / 0.6400 / 0.6350
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NZD/USD:BUY From 50% FIBO Support Area LONG Setup !NZD/USD is still in a bullish rally where the price in the last session made a pullback on the 50% Fibo Area in confluence with a support area. The price seems to grow to make higher highs and our Idea it's following this trend by the last pullback for a new Long setup.
NZDUSD M30: Bearish outlook seen, reversal below 0.64080On the M30 time frame prices are approaching the resistance at 0.64080, in line with the Fibonacci confluence levels and descending channel’s resistance where a pullback to this zone presents an opportunity to play the drop to the support target at 0.6370. Stochastic is approaching resistance at 90.13 as well where we could see a reversal below this zone in line with prices.
NZDUSD - Still expect to drop ✅Hello traders!
‼️ This is my analysis on NZDUSD .
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and could reject from bearish orderblock as we have today good news in USD.
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NZDUSD - Aggressive short ✅Hello traders!
‼️ This is my analysis on NZDUSD.
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price almost filled the imbalance and rejected from institutional big figure 0.64000.
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NZDUSD creating a new IMPULSEHello traders, here we can see how NZDUSD is slowly correcting after a strong impulse, preparing for another one. We can observe that the previous resistance has now became support, and the price is testing the zone for the second time now. From here, if the price will manage to break above the 4H resistance, after the retest of the zone we can expect a move higher, creating another impulse. The EMAs and MACD show confluence as well, but only after the break we can react, as trading is about reacting not predicting:) Let's see what happens next!
NZDUSD H1: Bullish outlook seen, further upside above 0.6250On the H1 time frame, prices are holding above an ascending channel where a throwback to the 0.6250 support zone, in line with the Fibonacci confluence levels could provide an opportunity to play the bounce to the resistance target at 0.6350, in line with the 100% Fibonacci extension level. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
NZDUSD H1: Bearish outlook seen, potential reversal below 0.6200On the H1 time frame, prices are approaching the resistance zone at 0.6200, in line with the graphical support-turned-resistance level and 38.2% Fibonacci retracement. A pullback to the resistance zone at 0.6200 presents an opportunity to play the drop to the next support target at 0.61550 which coincides with the graphical support zone. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
NZDUSD buying opportunity | 25 Nov 2022On the H1 timeframe, prices are on an uptrend which surpassed the resistance turned support zone at 0.61800. Price has thus approached the 0.62780 resistance where a break to the upside could see prices push higher. Given the slower than expected rate hikes of the Fed which has weighed down the Dollar, coupled with the historic rate hike of 75 bps by the RBZ recently, we expect the current bullish trend to extend to the next resistance zone at 0.64500. Stochastic RSI has dipped into the oversold region as well, supporting our bullish bias.
NZDUSD - Retracement expected ✅Hello traders!
‼️ This is my analysis on NZDUSD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish orderblock + institutional big figure 0.59000.
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NZDUSD M30: Bearish outlook seen, further downside below 0.61200On the M30 time frame, prices are showing bearish order flow and facing bearish pressure from the resistance at 0.61200, in line with the graphical resistance zone. We could see a further downside below this level and a pullback presents an opportunity to play the drop, with further downside seen to the support zone at 0.60300, which is the H4 demand zone. This 0.60300 support zone lines up with the graphical support and 38.2% Fibonacci retracement. Stochastic is testing resistance at 99.57 as well where we could see a reversal below this level, supporting the bearish bias.