NZDUSD Technical Analysis and Trade IdeaOur analysis of the NZDUSD pair on higher time frames reveals a dominant bearish trend. Currently, the pair is approaching a crucial support level, with a potential retracement setting up a trading range. In the accompanying video, we present a trade idea contingent on favorable price action development. We identify key support and resistance levels, examine chart patterns, and conduct price action analysis to pinpoint a specific price behavior that would justify market entry. Please note that this analysis is for educational purposes only and should not be considered as financial advice. Trading carries inherent risks, and it is essential to employ robust risk management strategies at all times.
Nzdusdshort
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 daily timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + FIBO 0.5 level.
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NZDUSD to continue in the downward move?NZDUSD - 24h expiry
Daily signals are bearish.
Preferred trade is to sell into rallies.
Our outlook is bearish.
We look for a temporary move higher.
20 4hour EMA is at 0.5932.
The lack of interest is a concern for bulls.
We look to Sell at 0.5930 (stop at 0.5956)
Our profit targets will be 0.5865 and 0.5850
Resistance: 0.5896 / 0.5920 / 0.5935
Support: 0.5974 / 0.5960 / 0.5940
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.
NZD/USD: Bearish Outlook and Entry StrategyResistance Level:
NZD/USD faces a crucial resistance level, signaling a possible reversal.
Harmonic Pattern:
The formation of the XABCD harmonic pattern reinforces bearish sentiment.
Anticipated Movement:
A downward trajectory is expected, indicating a shift from bullish to bearish.
Entry Strategy:
Short position suggested upon breach of 4-hour lower high, entry near 0.60150.
Risk Management:
Set stop-loss at 0.60500 to mitigate potential losses.
Take Profit Levels:
TP-1: 0.59774, TP-2: 0.59400, TP-3: 0.59035.
In summary, NZD/USD is poised for a downward movement, with entry and exit strategies outlined for traders' consideration.
NZD/USD - Strong NFP NumbersGiven the robust NFP figures from last week, alongside the deteriorating job market in New Zealand and evident bearish technical analysis, it appears advantageous to consider a short position on NZD/USD.
The price remains below the 200-day moving average, indicating a downtrend, and has recently tested resistance at 0.60500. I am targeting a decline to 0.58800 as my take-profit level.
NZDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Short term RSI has turned negative.
A move through 0.5925 will confirm the bearish momentum.
The measured move target is 0.5890.
We look to Sell at 0.5960 (stop at 0.5984)
Our profit targets will be 0.5900 and 0.5890
Resistance: 0.5950 / 0.5965 / 0.5990
Support: 0.5925 / 0.5900 / 0.5890
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.
NZD/USD H4 | Potential bearish breakoutNZD/USD is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 0.59833 which aligns with the 38.20% Fibonacci level.
Stop loss is at 0.60013 which is a level that aligns with the 23.60% Fibonacci retracement level.
Take profit 1 is at 0.59543 which is close to the 61.8% Fibonacci level. Risk/Reward Ratio: 1 : 1.61
Take profit 2 is at 0.59337 which aligns close to the 78.6% Fibonacci level. Risk/Reward Ratio: 1 : 2.76
Total risk 1.24%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
NZDUSDIn the 4-hour timeframe, NZD/USD is tracking a descending channel, prompting a short-term selling opportunity as we target the support trendline of the channel. Upon reaching this level, a bullish rejection suggests a potential long-term buying opportunity, leveraging the support trendline as a strategic entry point. Traders should monitor price action closely for confirmation before initiating any positions.
NZDUSD - Sell opportunity ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block + trendline.
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NZDUSD BULLISH MOVEThe NZD/USD pair surrenders its intraday gains and turns negative in the early New York session on Thursday. The Kiwi asset falls back as the US Dollar rebounds sharply from its five-day low of 0.6060. The US Dollar Index (DXY) rises strongly to 103.76 as the Federal Reserve (Fed) has revised United States Gross Domestic Product (GDP) forecasts higher for 2024.
Fed’s latest economic projections indicate that the US economy will grow by 2.1% in 2024, upwardly revised from December’s projections of 1.4%. An upbeat economic outlook bodes well for the domestic currency.
NZDUSD ShortMARKET PHASE
OANDA:NZDUSD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 0.60874. Price retraced to this level, triggering our entry and has continued downwards.
TRADE
I will be entering short on OANDA:NZDUSD with the following parameters:
Sell Limit: 0.60874
Stop Loss: 0.61084
Take Profit: 0.60454
NZDUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
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
NZDUSD - Still bullish ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are still in a bullish market structure, so I am looking for a long. I expect bullish price action from here as price can reject from bullish order block + trendline. I see price to fill the imbalances higher.
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NZDUSD: On an Upward Trend, but with Some ConsiderationsGreetings, fellow traders! The past week proved to be just as volatile as the preceding one. After two weeks of trading, the bulls and bears seem to have reached a stalemate. The news from RBNZ initially caused the exchange rate to drop, but it subsequently rebounded by more than 2000 pips throughout last week.
Following the breakthrough of the downward trend's high on February 20th, there is technically an upward trend in place. However, it's important to note that the growth spurts are accompanied by deep corrections, indicating that the upward momentum may not be as strong.
While the growth seen this week is undeniably impulsive, there are a few key points to consider. Firstly, the high did not surpass the previous peak of the trend. Secondly, an unusual configuration of two consecutive market imbalances has emerged on the daily chart.
A similar scenario unfolded in early November last year and was resolved by closing these imbalances prior to the continuation of the upward trend that persisted until the end of the year:
The overbought signals generated by our trading strategy indicators are also contributing to the downward pressure.
We are currently exploring the possibility of an even deeper retracement into the 0.6050-0.6200 range. Our anticipated point of a decline's completion is around the 0.6110 level, which corresponds to the closure of the lower imbalance.
At present, we have entered two sell positions at 0.61539 and 0.61888. We are preparing to close these positions, with a tentative target date around Tuesday, March 12th.