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Nzdusdlong

#NZDUSD is at pivot, potential for bounce!Price is reacting above pivot level at 0.69765, in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 0.70715, in-line with 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.69765 Why we like it: 50% Fibonacci retracement and 61.8% Fibonacci extension level 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70715 61.8% Fibonacci retracement , 78.6% Fibonacci extension level and descending trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#NZDUSD approaching pivot, potential for bounce!Price is approaching pivot level at 0.69450, in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support. Price could potentially bounce towards resistance at 0.70575, in-line with 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA. Alternatively, price could potentially drop to support level at 0.68440, in-line with 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 0.69450 Why we like it: 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support 1st Support: 0.68440 78.6% Fibonacci retracement level and 127.2% Fibonacci extension level 1st Resistance: 0.70575 50% Fibonacci retracement , 61.8% Fibonacci extension level and 50MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#NZDUSD is at pivot, potential for bounce!Price is reacting on pivot level at 0.70115 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially swing towards resistance at 0.70850, in-line with 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50MA. Stochastic is also at support where previous bounces occurred. Alternatively, price could potentially drop to support level at 0.69450, in-line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 0.70115 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA 1st Support: 0.69450 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 0.70850 50% Fibonacci retracement, 61.8% Fibonacci extension level and 50 MA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
NZDUSD consolidating sideways, potential for bounce!Price is reacting above pivot level at 0.70850, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 50MA. Price could potentially swing towards resistance at 0.71700 which coincides with 100% Fibonacci retracement level and 127.2% Fibonacci extension level. Stochastic is also at ascending trendline support for further upside. Alternatively, price could potentially drop to support level at 0.70240 which coincides with 38.2% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 0.70920 Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 50MA 1st Support: 0.70240 38.2% Fibonacci retracement level and 100% Fibonacci extension level 1st Resistance: 0.71700 100% Fibonacci retracement level and 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
NZDUSD Bearish short Bullish longHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The NZD/USD pair closed the first day of the week virtually unchanged and continues to move sideways during the first half of the day on Tuesday. Today the price was able to reach the resistance zone between 0.7132 - 0.7159 but wasn't able to hold above it or breakout which shows how the Bears still have power in them to keep the price sideways move for the time being. Possible Scenarios for the market : Scenario 1 : The price is trending near the resistance zone 0.7132 - 0.7159 if the Bulls were able to gather some force then we will see a breakout happen to that zone which will lead to more buyers going in which will push the price up to the main target at the resistance line at 0.72130. Scenario 2 : Today started Bullish but mid-day it turned Bearish, The bears are trying to drive the price back and if there were able to take control over the market then we will see the price drop to the support line at 0.70870 where the battle for control will start again, and looking at technical analysis shows that the outcome will probably be for the Bulls which will push the price back up to the resistance line at 0.7132 Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.58 showing Great strength in the market. No divergences were found between the indicator and the market. 3) The MACD is above the 0 line which indicates that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line. Daily Support and Resistance : support Resistance 1) 0.7104 1) 0.7132 2) 0.7087 2) 0.7141 3) 0.7077 3) 0.7159 Weekly Support and Resistance : support Resistance 1) 0.7069 1) 0.7163 2) 0.7025 2) 0.7213 3) 0.6976 3) 0.7256 Fundamental point of view : The dollar was down on Tuesday morning in Asia, as investors await U.S. inflation data that could provide a clue to the U.S. Federal Reserve’s timetable for asset tapering. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.597, after retreating from a two-week high of 92.887 hit earlier on Monday. Later in the session, the US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for August. Previewing the inflation report, "August's Core CPI figure is critical for the and for markets. According to FXstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
#NZDUSD is at pivot, potential for bounce!Price is reacting above pivot level at 0.70920 which is in line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 50MA. Price could potentially swing towards resistance at 0.71700 which coincides with 100% Fibonacci retracement level and 127.2% Fibonacci extension level. Alternatively, price could potentially drop to support level at 0.70240 which coincides with 38.2% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 0.70920 Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 50MA 1st Support: 0.70240 38.2% Fibonacci retracement level and 100% Fibonacci extension level 1st Resistance: 0.71700 100% Fibonacci retracement level and 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
NZDUSD seeking to go three out of three 🎯💪Trade details are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades shown on chart also both of which hit TP targets. Trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
NZDUSD - Bullish BiasNZD - Strong Bullish 1️⃣ Positive sentiment in the market supports the strength of high-beta currencies such as the NZD. 2️⃣ New Zealand retail sales rose 3.3% in the second quarter, following a 2.5% increase in the previous period. 3️⃣ New Zealand Prime Minister Jacinda Ardern says that COVID-19 lockdowns outside Auckland territory will be relaxed to level 2 starting Tuesday. 4️⃣ Rise in aluminum prices as a result of the coup in Guinea. USD - Strong Bearish 1️⃣ In the Jackson Hole Symposium, Powell said that the Fed would not be in a hurry to raise interest rates. 2️⃣ The US ADP jobs report recorded an increase of 374K jobs, weakening market expectations of 613K. 3️⃣ In August, the U.S. economy added 235K jobs, a 7-month low and below market forecasts a 750K increase. ===== Technical ===== We are buying the NZDUSD after it bounced back at support. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
#NZDUSD retested breakout trendline, potential for upsidePrice is reacting above pivot level at 0.71300 which is in line with 127.2% Fibonacci retracement level, 161.8% Fibonacci extension level and trendline resistance-turned-support. Price could potentially swing towards resistance at 0.72130 which coincides with -61.8% Fibonacci retracement level and 200% Fibonacci extension level. Alternatively, price could potentially drop to support level at 0.70830 which coincides with 23.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Pivot: 0.71300 Why we like it: 127.2% Fibonacci retracement level, 161.8% Fibonacci extension level and trendline resistance-turned-support 1st Support: 0.70830 23.6% Fibonacci retracement level and 61.8% Fibonacci extension level 1st Resistance: 0.72130 -61.8% Fibonacci retracement level and 200% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets