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Nzdusdshort

NZDUSD showing potential short position On February 2, 2023, the NZDUSD pair embarked on an impulsive move to the downside. Following this strong bearish activity, the pair entered into a consolidation phase that took on the form of a regular flat, which started on March 10, 2023. As of May 10, we've observed a significant breakdown outside of the flat correction pattern, indicating a likely continuation of the bearish trend. Furthermore, the price action is currently suggesting the formation of a bearish flag pattern, which traditionally signals a potential further downside. Considering these technical developments, there seems to be a viable short-selling opportunity at hand. If the bearish trend continues, our analysis suggests that the price could descend to at least the support level at 0.61181. However, as with all trades, it's crucial to remain vigilant for any signs of a trend reversal or deviation from the projected path.
Short
by SlowMobius12
NZDUSD to see a higher correction?NZDUSD - 24h expiry We expect a reversal in this move. Price action looks to be forming a top. A move through 0.6340 will confirm the bearish momentum. Momentum is flat, highlighting the lack of clear direction. The measured move target is 0.6250. We look to Sell a break of 0.6340 (stop at 0.6370) Our profit targets will be 0.6270 and 0.6250 Resistance: 0.6360 / 0.6370 / 0.6400 Support: 0.6340 / 0.6300 / 0.6250 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.
Short
by OANDA
NZDUSD - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective after the price changed the character, so I am looking for shorts from premium zone. If price fills the imbalances higher and reject from bearish order block I will consider to open a short position. Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA and on Wednesday will be released Unemployment Rate on NZD. Pay attention to these news, as they are important for the upcoming month and USD bias. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZD/USD Rebounds Above 0.6150 on Mixed NZ DataThe NZD/USD currency pair has rebounded above the 0.6150 level, breaking its two-day downtrend at a six-week low. The recent rise in the Kiwi pair is largely attributed to the mixed catalysts at home, along with the broad weakness in the US dollar. The upcoming US Q1 GDP release is crucial for NZD/USD traders to watch. The market expects the GDP to ease to 2.0% on an annualized basis versus 2.6% prior. The recent hawkish concerns about the Reserve Bank of New Zealand (RBNZ) are expected to recede if the US Q1 GDP prints downbeat figures, which would support the Kiwi pair's latest recovery. 👉 The mixed catalysts, including the negative ANZ sentiment figures and the US-China tension, could further weigh on the Kiwi currency. Therefore, traders could consider a sell signal with an entry price around 0.6140, a take profit level around 0.6000, and a stop loss above 0.6160. TRADE IDEA DETAILS Currency Pair: NZD/USD Current Trend: Bearish Trade Signal: ↘️Sell 👍Entry Price: Around 0.6140 ✅Take Profit: Around 0.6000 ❌Stop Loss: Above resistance at 0.6160 Additionally, the mixed ANZ sentiment figures for April, along with the plummeting Business Confidence in New Zealand, could weigh on the Kiwi currency. Moreover, fears of a US recession, the banking sector fallout, and the US-China tension could also lead to a risk-off sentiment, which could benefit the US Dollar. #ForexTrading #NZDUSD #MarketAnalysis #TradeSignals
Short
by RichDadph-FX
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