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.
Nzdusdshort
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.
NZDUSD AnalysisHello Traders, Here is NZDUSD Analysis for Short Opportunity you can short it from Supply Zone 1 or Supply Zone 2. This idea will invalidate for short if market sustain above Blue Zone.
If you found useful please Like this idea.
NZDUSD bias remains negative.NZDUSD - 24h expiry - We look to Sell at 0.6200 (stop at 0.6240)
Previous support located at 0.6150.
Previous resistance located at 0.6200.
There is no clear indication that the downward move is coming to an end.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6150 will confirm the bearish momentum.
Our profit targets will be 0.6100 and 0.6080
Resistance: 0.6200 / 0.6225 / 0.6250
Support: 0.6150 / 0.6100 / 0.6050
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NzdUsd ShortI am looking to short NzdUsd as it has reached the previous buy target and surpassed it. For now, it has broken the major support, and I am waiting for confirmation to sell. If it fails to drop and breaks the above resistance, I will be looking for a continuation to the upside for buying opportunities.
Potential NZDUSD Buy on Tuesday 28 Feb 2023Failure Swing (FS) occurred after breaking key support level. Looking for a buy when price retraces to the FVG on a 15m chart outlined in the yellow box.
NZD/USD: Double Top and Price Drop.NZD/USD falls to three-month lows, grinding near intraday lows.
NZD/USD bears hold the reigns at the lowest levels since November 2022, down half a percent near 0.6130 early Monday, as negative New Zealand (NZ) drivers clash with US Dollar demand.
However, NZ Retail Sales for the fourth quarter (Q4) fell -0.6% year on year, compared to 1.5% predicted and 0.4% previously.
According to Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway, "when interest rates rise, I expect consumption to slow."
Meanwhile, solid US inflation-linked data combined with Fed policymakers' support for higher rates to boost Fed fund futures above 5.30%, versus 5.10% forecast by the US central bank in December. The recent round of sanctions imposed by the West on Russia has heightened market fears of increased geopolitical tension, which has boosted demand for the US Dollar as a safe haven.
the NZDUSD will fall even more in the next week.I do believe that this market will have to make a correction up to the 0.620 area before going down 0.61380 and then going even more down to do price area around 0.61150.
so what do you guys think? do you agree or not ?!
pls, share with me your opinions !!
NZDUSD SHORTThus far we are witnessing a resurgent dollar against commodity dollars since the turn of the new year. There are signs the dollar is still bullish against major currencies. In the interim we are expecting a bearish correction for the dollar (bullish correction for other currencies). In the coming days we are watching to see if NZDUSD will retrace back to the fair gap region where we have placed our sell orders. On the 4HR we have a CHOCH and BOS. On the daily time frame we have a break of daily structure(awaiting confirmation on Monday +3:00 GMT). The break in daily is our confirmation for sell orders.
NZDUSD Moving Downward NZDUSD Break the Support level. Now According to my study NZDUSD retest the Previous Support level ( Now it is it's resistance ) and moving downward.
NZDUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I wait for a retracement to fill the imbalance higher as price formed normal H4 divergence and then to reject from bearish order block.
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NZDUSD M30: Bearish outlook seen, further downside below 0.6250On the M30 timeframe, prices are testing a key resistance zone at 0.6250. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6200, in line with the 38.2% Fibonacci extension. Price is hovering near the top of the Bollinger Bands, supporting our bearish bias.
NZD/USD Made Head And Shoulders Pattern , Still Not Confirmed !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.
Bearish outlook on NZDUSD - 22 February 2023Prices are testing a support-turned-resistance zone at 0.6250 on the H1 timeframe. A pullback to this level could provide the bearish acceleration to the next support zone at 0.6200, which coincides with the 38.2% Fibonacci extension. Stochastic RSI is in the overbought region above 80, supporting our bearish bias.
NZDUSD shortPlease enter with caution and don't forget capital managemPlease enter with caution and don't forget capital management. The market cannot be predicted accuratelyent. The market cannot be predicted accurately
NZD's double-bottom to foretell its next move?The Reserve Bank of New Zealand will deliver its second interest rate decision of 2023. The decision is release on Wednesday 2pm NZDT (Tuesday 8pm EST) What makes this interesting is that the country has just been hit by Cyclone Gabrielle which has reportedly caused more than NZ$12 billion worth of damage to infrastructure and private property. As such, some market watchers are predicting a pause in the RBNZ’s rate hikes (or a slowing), although the consensus is still for a 50-basis-points hike. With the uncertainty present in the market, the NZD/USD might look a little vulnerable ahead of this RBNZ decision.
The NZD/USD is currently testing the support area created in January at 0.62249, which is crucial in predicting its next move. If the support area fails to hold, a short-term target includes 0.61648, and a long-term target includes 0.61000. NZD/USD is also below the 200-EMA, indicating a bearish trend. If the price manages to reject at the current support area, it may bounce to retest the 200-EMA period before continuing the downtrend. However, support holding up at 0.62249 would mean a double-bottom pattern formation, indicating, at least, a short-term bullish trend. For the reversal to have any momentum, the price needs to clear out the past consolidation area between 0.63523 and 0.63000, ultimately breaking the 0.63523 resistance area before continuing to the upside.
Any upside to the NZD/USD might be capped by the strong economic data coming out of the US. Additionally, the US is closed for Presidents Day on Monday, perhaps causing some pent-up selling activity in the pair to eventuate on Wednesday NZDT/ Tuesday EST.
NZDUSD Daily Projection (22/02/22)Following a strong upward momentum, NZDUSD has formed a double top chart pattern. If the price breaks below the neckline, I will be looking for a short opportunity on lower timeframes. My price target is marked in the yellow zone.
However, if the price rallies up from the current level, there is a possibility of forming a triple top chart pattern.
What are your thoughts on this? Feel free to like and share your comments below.
NZDUSD fulfill my last idea.NXDUSD is exactly moving according my previous analysis and beautifully hitt our target 1 ( tagged ).
Now market is rejecting from support and here we have two scenarios.
I expect some retracment back before continuing downtrend so Now we have two areas for again enter in sell trades if market hold our 1st selling area then sell with small SL and TP is our main target 2.
If market break and hold the 1st area as support then wait for 2nd selling area.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
AUDUSD GOING DOWN LONG TERM!!!HELLO TRADERS
It seems like on a weekly timeframe this pair reached a resistance or supply zone(LOWER HIGH) and to back this up with top down analysis on a daily timeframe, the market formed a head and shoulders chart pattern which is a reversal chart pattern.
Moving on to the 4 Hour timeframe the market broke the neckline, probably confirming the new direction of the market.
Before any sell orders the market has to go through a correction phase to release buyers that are still in the market.
On the 1 Hour timeframe, traders should be vigilant for reversal candlestick pattern, chart pattern or Fibonacci retracement for entries......
N.B THIS ANALYSIS CAN ALSO BE USED ON CORRELATING PAIRS:
EURUSD
GBPUSD
NZDUSD
USDCHF
USDJPY
