More to the downside?Risk management!!!!!
I see other possibilities in this trade, but just decided to publish this one because it has a more quality than the others and the probability than others.
Nzdusdshort
NZD-USD: TRADE SETUP (REVERSAL PATTERN= HEAD AND SHOULDER)NZD-USD is expecting to have reversal move from its current position. This can be observed via HEAD AND SHOULDER Pattern as well as the presence of Divergence. The trade setup is designed for a SHORT TRADE option for this FOREX Pair including a projected price.
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 ShortI am looking to short NzdUsd as it is retesting the previous support or resistance zone. It has already broken the long term trend line. The sell setup will no longer be valid if it fails to drop and rather breaks the above resistance
NZDUSD H1: Bearish outlook seen, further downside below 0.6180On the H1 timeframe, prices are showing a downward trend and bearish order flow, with lower lows and lower highs being formed. A pullback to a key support-turned-resistance zone at 0.6180, in line with the 38.2% Fibonacci extension, could present the opportunity to ride the drop to the support zone at 0.6120, which coincides with the 78.6% Fibonacci retracement and extension levels. Prices are holding below the 20 EMA and Ichimoku cloud, and MACD is showing bearish momentum while ADX is above 25, supporting our bearish bias.
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
NZD/USD Sell !!Amazing sell as the Risk: Reward 1: 7.5
Please don't risk more than 2.5% from your Account.
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 SELLS INCOMINGClean NU sells that are lining up with my trade plan and a clear target of last weeks weekly low. I am not in this yet, this is a sell limit trade waiting for another sweep into the key area. Lets see...
NZDUSD SELLSOANDA:NZDUSD
NZDUSD trading in a downward channel. Price gave a double top pattern on 4H timeframe on a previous support zone which now became a resistance zone.
NZD/USD:Price will continue to Drop After NFP - SHORTInvestor anxiety ahead of the release of US Nonfarm Payrolls (NFP) data has caused the NZD/USD currency pair to fall below 0.6100. The USD Index has rebounded strongly, indicating a recovery in the risk-off sentiment after correcting near 105.13. An increase in the labor cost index could confirm Federal Reserve (Fed) Chair Jerome Powell's fears of persistent inflation and signal more aggressive rate hikes in the future.
As the FX market awaits the NFP data, projections suggest that the US economy added 203K payrolls in February, while the unemployment rate is expected to remain unchanged at 3.4%. The Average Hourly Earnings data could potentially impact market sentiment. Higher wages offered by US firms due to a labor shortage are offsetting the impact of rate hikes from the Fed, and the labor cost index is expected to rise further to 4.7% from the previous release of 4.4%.
On the New Zealand front, weak Consumer Price Index (CPI) data from China indicates that the expected recovery in domestic demand has not materialized despite reopening measures. New Zealand is one of China's major trading partners, and lower demand could weaken NZ exports and affect the New Zealand Dollar.
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 - 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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Yemi_Fx1 | Short for NZDUSDPrice is in a consolidating phase in the form of a bearish flag pattern. If the pattern holds there will be a continuation for price movement to the downside. So,
I'll be considering
A Risk entry type at the top of the bearish flag structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
NZD/USD:Declines towards 0.61 as US Biden wants tax riches More!The NZD/USD pair is facing downward pressure and is currently approaching the round-level support of 0.6100. This is due to US President Joe Biden's recent proposal to increase corporation tax from 21% to 28%, as well as implementing a 25% billionaire tax and levies on rich investors. These measures are expected to contract fiscal policy and restrict the Consumer Price Index (CPI) from further increasing. The proposal has also put pressure on the S&P500 futures, which are currently showing losses in the Asian session.
The USD Index is expected to resume its upside journey, hovering above 105.20 due to the higher taxes proposal. This week, the US Nonfarm Payrolls (NFP) data will be in the spotlight, with a consensus of fresh 203K payrolls added in February. Investors will also be paying attention to the Average Hourly Earnings data, which is expected to increase to 4.8% on an annual basis.
China's Consumer Price Index (CPI) data is also on investors' radar, with a forecasted decline to 1.9% from the prior release of 2.1% on an annual basis. The monthly CPI is likely to trim to 0.2% from the former release of 0.8%. If inflation continues to decrease, it might force China's administration and the people's Bank of China (PBoC) to infuse more liquidity into the economy. This could benefit New Zealand, one of China's leading trading partners, and bring more business for the New Zealand Dollar.
In the Asian session, the NZD/USD pair failed to recapture the critical resistance of 0.6120. This could be due to the proposal of higher taxes from US Biden, as well as rising interest rates by the Federal Reserve (Fed). The Fed's actions, combined with the fiscal policy measures, might have a synergic impact on US inflation, leading to a decrease in consumer spending.
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.
NZDUSD - Great risk to reward opportunity!NZDUSD has formed a descending channel on the daily timeframe. I expect it to bounce off the recent outside support level.
NZDUSD-MULTIPLE SELL SWING ENTRIESDear Traders, hope you are doing great!, We have multiple areas where we can go short, we also have area to go swing buy, let's not miss out on this trade. DXY long term bias is bullish ,
GOOD LUCK AND HAVE AN AWESOME WEEK AHEAD!!!
NZDUSD - Descending Channel Strategy- Descending channel at previous daily support.
Extra Confluence:
- 38.2 retracement within reversal zone
- Equal measured move completion at reversal zone
- Daily support level has been respected as a support and resistance level previously (structure swap)
NZDUSD Short IdeaOverall downtrend, had a slight pullback to test resistance zone, my bias is Sell
Entry 0.61900 / cmp
TP1 0.61670
TP2 0.61370
SL according to your equity
Bearish outlook on NZDUSD: 3 March 2023Prices have been testing a key resistance zone at 0.6280 on the H4 timeframe, in line with the 38.2% Fibonacci retracement. A pullback to this level could present an opportunity to ride the drop to the support zone at 0.6150, which coincides with the graphical low and 23.6% Fibonacci extension. Stochastic RSI is approaching the overbought region above 80, while prices are holding below the 50 EMA, supporting our bearish bias.
NZD/USD bears step in at the highs and pressure SHORTThe NZD/USD currency pair has experienced a decline of approximately 0.27% from its high of 0.6257, falling to a low of 0.6238. This retracement occurred after a surge in commodity prices following the news of a Chinese demand revival. However, the Australian GDP growth slowed to 0.5% QoQ, missing consensus expectations of a 0.8% lift, which initially weighed on both the Australian and New Zealand currencies. The possibility of an earlier pause in hikes from the Reserve Bank of Australia also increased.
Despite this, the kiwi currency saw a surge in speculative buying after reports of China's Non-manufacturing activity growth at a faster pace in February, and the Caixin/S&P Global manufacturing PMI reading surpassing expectations. The offshore yuan also jumped 1.3% to 6.8683 per dollar, its largest one-day gain since late November. The kiwi currency outperformed most of its peers, especially on the NZD/AUD cross, according to analysts at ANZ Bank.
The EUR was another strong performer, boosted by the strong German CPI print, and the kiwi followed suit. Additionally, stop-loss buying on the NZD/AUD cross may have contributed to the price action. However, as there wasn't a clear catalyst for the kiwi's surge, the price action may subside in the coming days.
The USD vibe has also shifted as strong data last week resulted in the DXY rallying hard as bond yields increased. However, the recent run of solid data has weighed on the dollar in a "good news is bad news" manner, raising fears that the Fed will engineer a recession. The strength of the kiwi currency may be due to a belated recognition of economic resilience and cyclone rebuilding. Overall, the kiwi has performed well despite the recent retracement, and its strength may persist in the coming days.
