Nzdusdlong
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
The correction lower is assessed as being complete.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6170 will confirm the bullish momentum.
We look to Buy at 0.6150 (stop at 0.6130)
Our profit targets will be 0.6200 and 0.6215
Resistance: 0.6170 / 0.6190 / 0.6200
Support: 0.6150 / 0.6130 / 0.6125
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.
nzdusd 1 hour outlooka flag is forming. keep on breaking this flag to prove the validity of that flag...risk management is the key
NZD / USD BUYS Looking for buys based on continued dollar weakness, however would need to see a 4 h close above structure and trend line to confirm entry.
If however that doesn't materialize i would consider a short if the 4h closes below the blue line within structure
NZD/USD Bullish IdeaHello traders!
Internal structure is bullish and price reach an important demand.
On lower timeframe the price form a bullish structure and could start the immpulse.
In case the price break the low from lower tf, we are expecting the price to go at the next demand on H4.
Good luck!
NZDUSD to find buyers at current support?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Short term RSI has turned positive.
A move through 0.6095 will confirm the bullish momentum.
The measured move target is 0.6125.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 0.6080 (stop at 0.6060)
Our profit targets will be 0.6130 and 0.6145
Resistance: 0.6100 / 0.6120 / 0.6160
Support: 0.6090 / 0.6080 / 0.6070
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.
NZDUSD analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
How much longer can the kiwi sell off? How much longer can the kiwi sell off?
On Wednesday, the Reserve Bank of New Zealand opted to maintain interest rates, coupling this decision with dovish remarks and forward guidance.
Danske Bank economists anticipate a continued decline in NZD/USD in the upcoming year, setting a 12-month target at 0.5700. They think that the RBNZ contrasts with other G10 central banks which are apparently eyeing the start of their respective rate cutting cycles (which might be news to you, considering most expectations for rate cuts from other central banks are repeatedly being pushed back).
Nevertheless, this sentiment led to a significant decline in the New Zealand dollar over the past two days, although it seems to be trying to find support.
The 100 and 200-day simple moving averages emerge as notable hurdles for bearish sentiment on the daily chart.
On the 4-hour chart, the next support level following these moving averages is at 0.6050, a critical level that previously served as resistance in October last year.
Sustaining levels above 0.6070 could help sustain a positive outlook with the next target possibly around 0.6140, supported by signals from the RSI.
nzdusd Update. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDUSD BUYHi fellow traders, NZDUSD is ready to make a move higher from the blue box after completing the flag correction. Target the 0.6264 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
AUDUSD and NZDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
25% chance of RBNZ rate hike on Tues?25% chance of RBNZ rate hike on Tues?
The Reserve Bank of New Zealand (RBNZ) is likely to maintain its interest rate at the existing 5.50%, yet there might be a notable 25% probability of a 25-basis points hike.
Why? In part, the RBNZ provided a hawkish signal post its recent meeting.
The RBNZ's forward guidance suggests an inclination towards future hikes, with the March 2024 outlook adjusted to 5.63%, and December 2024 elevated to 5.66%.
ANZ Bank goes a step further, forecasting consecutive rate hikes until April, culminating in a 6.00% OCR. NZ Bank stands alone in predicting a rate hike, the consensus among other market economists leans heavily towards maintaining the status quo.
KiwiBank economists share the consensus view that the RBNZ will likely keep the interest rates unchanged. However, they anticipate a continuation of strong language and a “very forceful, hawkish bias,”
A Reuters survey resulted in 27 out of 28 economists foreseeing no change.
Still, these disparities in predictions highlight the uncertainty surrounding the impending decision and the potential for a significant market reaction depending on the central bank's course of action as well as the language they use to deliver the news.
The RBNZ delivers its decision on Tuesday 9:00 pm (US time, UTC -5).
NZD/USD +70 Pips 0 Drawdown , New Entry Will Be Valid ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDUSD: the bulls have entered the gameHey, Traders! Our trading strategy showed a shift of initiative to the bulls. The upward movement is expected to exceed 0.6178 and break the key high of the downtrend, which has lasted since Dec 28, 2023. We closed the existing short positions and opened a buy trade for the entire equity limit.
Best 2 Places To Buy NZD/USD And Get 250 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZD/USD will go under 0.600 soonHello Traders
It seems NZD/USD is going to make a diagonal correction.
it is possible, since we are bullish on USD.
so we are expecting the price will reach 0.60 and 0.595 levels eventually.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
NZDUSD
In the NZD/USD pair's daily timeframe, a bullish trend seems to be forming, evidenced by an ABC pattern. Following the completion of the last impulse, which underwent a 50% correction, there's a potential setup for further upward movement. Traders may look for confirmation signals such as breakouts or bullish candlestick patterns to validate this bullish bias before considering long positions.
NZDUSD MARKET STRUCUTRE CHANGE LONG TRADEWe expect further upside on this pair, signalled by the key level breakout. We can also see a change in market structure from bearish to bullish which supports our directional basis.
NZD/ USD Short Price was unable to break and close above the blue zone so am looking for a 4h close below the blue zone within structure and a retest and a lower low on the 30 min time frame but am mindful that Mondays can be quiet plus the action may not start until after tomorrows CPI
NZDUSD - Potential downside for liquidity ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and could reject from resistance zone.
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NZDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity NZDUSD
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