NZDUSD SHORT - HEAD AND SHOULDR AT PLAY!Waiting for a break and retest at 0.60615 to short NZDUSD back to 4H ley level at 0.59003
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Nzdusdshort
NZDUSD SHORT POSITIONThe ascending trend line has been broken and a bearish confirmation candle has also been formed.We are waiting for the continuation of the downward trend
NZDUSD - D1\H4NZDUSD
D1 - The price is moving in a downward channel and the 5th wave begins to form after the ABC correction. In continuation of the downward movement, you can wait for the target to the level at W1 - 0.57735
H4 - The price has broken through the lower trend line, forming a 3-wave structure, the target can be expected at the level of 0.59521
What can you expect?
You can consider entering from the current levels of 0.60873 with a target of 0.59521. Also, if you are considering an entry, you can wait for the correction on H4.
Cancel if the price breaks the trend line at D1 - 0.61761.
Short
Target 0.60409 - 0.59919 - 0.59521 - 0.58824 - 0.57735
SELL TRADE SETUP ON NZDUSDHey Trader,
Check this analysis out on NZDUSD
After the FOMC data that simply put Dollar in a more stable state, NZDUSD has successfully retested the previously used Resistance zone (Trendline) and is moving toward the downside as trend continuation, possibly after the break of the flag pattern
Keep a close tab on this one.
Selling NZDUSD Right Now Trend:
H4: Up (Not with the rules but other NZD is looking weak so taking the trade)
D1: Down
Moving Average:
With Daily MA
Opposing H4 MA
Pattern:
Butterfly on M30
Strong resistance at 0.6170
33 pip stop loss.
NZD / USD Shorts The overall trend is bearish, so am looking for the break or the structure and 4h close below the blue zone with a retest and a lower low close on the smaller time frame.
Alternatively I would wait for a pull back and rejection from the top of structure with a 4h close, or a 1h bearish engulfing / double top to take the short back down to the bottom of structure.
NZDUSD LOOKING FOR SELLSNZDUSD looking for sells , respecting the 4Hr bearish trend
NOTE:
1.Risk Management is crucial
2.Money management is your guide
3.Trade responsibly
NZDUSD Head & Shoulder SellHead and shoulder formed on HTF resistance zone, looking for short term sells to next demand/support.
NZDUSD Bearish Outlook: Technical and Fundamental AnalysisA comprehensive analysis spanning multiple timeframes presents a bearish outlook, augmented by fundamental factors. On the monthly chart, there's a clear rejection at a significant resistance level, indicating strong selling pressure at these price points. Shifting to the weekly timeframe, a notable observation is the breach of a critical support level, which has now turned into resistance. This shift was accompanied by a consolidation phase, highlighting a significant mitigation of positions and the addition of substantial short positions, further validating the bearish sentiment.
The daily chart provides a more granular view, showcasing a distinct breakdown in structure towards the downside. This technical breakdown suggests continued bearish momentum in the short term, as lower lows and lower highs form part of a downtrend.
From a fundamental perspective, the strength and momentum of the USD are evident, fueled by recent data releases that have kept the dollar "hot." Additionally, there's an observed bullish divergence with bonds, although this doesn't necessarily imply a long-term trend reversal.
On the New Zealand side, the upcoming Consumer Price Index (CPI) data release is anticipated to show a cool off, potentially setting the stage for an upward price correction. However, this expected bullish move should be interpreted with caution, as price action leading up to significant catalysts often respects the prevailing trend, which, in this case, is bearish.
In summary, while short-term bullish opportunities may arise from fundamental data releases such as the NZD CPI, the overarching technical analysis across monthly, weekly, and daily charts suggests a bearish trend for NZDUSD. Traders might consider looking for sell opportunities on rallies or breaks of structure, keeping an eye on key support and resistance levels for entry and exit points. Fundamental factors, including the strength of the USD and upcoming economic indicators, should be monitored closely to gauge their impact on the currency pair's direction.
NZDUSD to find sellers at market?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6075 will confirm the bearish momentum.
The measured move target is 0.6025.
We look to Sell at 0.6100 (stop at 0.6130)
Our profit targets will be 0.6025 and 0.6000
Resistance: 0.6100 / 0.6115 / 0.6130
Support: 0.6075 / 0.6050 / 0.6025
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.
Will NZDUSD continue in the downward move?NZDUSD - 24h expiry
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6050.
We look to Sell at 0.6125 (stop at 0.6149)
Our profit targets will be 0.6065 and 0.6050
Resistance: 0.6125 / 0.6135 / 0.6150
Support: 0.6100 / 0.6075 / 0.6050
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 SHORT - POTENTIAL HEAD AND SHOULDER PATTERN!Waiting for a retest at 0.61137 to short NZDUSD back to key 4H level at 0.60554
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NZDUSD SELL | Sell Setup| Short Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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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 🤗
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NZDUSD to find sellers at previous support?NZDUSD - 24h expiry
Afternoon gains were sold into and follow through bearish momentum resulted in the market moving lower.
Further downside is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6175 will confirm the bearish momentum.
We look to Sell at 0.6225 (stop at 0.6255)
Our profit targets will be 0.6150 and 0.6125
Resistance: 0.6200 / 0.6225 / 0.6250
Support: 0.6175 / 0.6150 / 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 Bearish Breakout!NZD-USD broke out of the
bearish pennant and
The breakout is confrmed
So we will be expecting
A potential move down !
NZDUSD: Another Chance 2 Shot for the Bears!Hey there, folks! Missed us? Ready for some market action? ;-)
After a two-week rally that kicked off in mid-December, followed by a corrective phase in the closing days of the past year, it's no surprise that the market has resumed its downward trajectory. Right now, our strategy unmistakably points to a downward impetus. That said, the prevailing trend remains upward.
Since the release of American statistics on January 5th caused a volatility surge, the market has locked horns, giving rise to a consolidation pattern in the form of a triangle.
Bulls have taken a breather (and our trading strategy clearly reflects this sentiment), gradually easing the oversold. This provides the bears with the perfect opportunity to amass strength and regain their control.
Our trading strategy indicates that the minimum target for the decline has been achieved. However, the duration of the downward slide is currently below average. This means the bears haven't exhausted their potential just yet. The juicy piece of the new wave of decline is the closest low in the upward trend, clocking in at 0.60841, dated December 13th, 2023. Let's not forget, we've got an unfilled gap hanging around at 0.61271, ready to be filled.
Keep your eyes peeled for signals of resurfacing bearishness, and that will be a drop of the NZD/USD pair to 0.6209 and below during the January 10th trading session. Though, if the low of January 8th at 0.62123 crumbles, that would be a great opportunity to jump into action.
We're gearing up to open a short position. Come the January 10th trading session, we'll place a sell-stop order at the level of 0.62122.
Stay vibrant, trade smart, and stay tuned for updates! 😊
nzdusd sell signal. 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
NZD / USD Long I much prefer this price action than on AU, but will be looking to see how the next 4h closes, the entry I would be looking for would be a pull back and rejection from the blue line with a 1h bullish engulfing, otherwise I will wait for the breakout either side of structure
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Short term RSI is moving lower.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6225 will confirm the bearish momentum.
We look to Sell at 0.6260 (stop at 0.6288)
Our profit targets will be 0.6190 and 0.6175
Resistance: 0.6250 / 0.6260 / 0.6275
Support: 0.6225 / 0.6200 / 0.6175
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 TRADE SETUP NZD USD has formed an ascending channel
which consist of Higher Highs and Higher Lows.
the market has broken out of the channel and also broke the HL market structure
now we must wait for a retest of the broken Higher Low to get a sell entry.
NZDUSD - Retracement to fill imbalance ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure, so it is important to follow the trend and look for longs. For now I see price to make the retracement to fill imbalance lower and if price rejects from bullish order block I will consider to open a long position.
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NZD/ USD ! 19/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ NZDUSD INFORMATION:
The trade balance of New Zealand experienced a decrease of $1.234B, which was contrary to the forecast of -$1.2B. This decline was a result of a slump in the trading of goods, with both imports and exports showing a decrease. As a result, it will be challenging for Kiwi buyers to find any incentives to bid during the upcoming week. However, the focus of most market participants will be on the US Dollar (USD) as the week comes to an end, with the anticipation of one final round of US inflation data.
⭐️ Personal comments NOVA:
Strong resistance zone, high trading volume, cannot be broken temporarily. Set up SELL signal
⭐️ SET UP NZDUSD PRICE:
🔥SELL zone: 0.62300 - 0.62450 SL 0.62900
TP1: 0.62000
TP2: 0.61700
TP3: 0.61400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
