Nzdusdsignal
DeGRAM | NZDUSD support is weakeningNZDUSD is trading in a descending channel between the trend lines.
The price continues to hold under the resistance level.
The price has already reached the support three times, but the bounces that followed them decreased each time.
We think that the pair will continue to decline from the resistance level.
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NZDUSD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. Potential BEARISH move
! Hello 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.
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Patience is the If You Have Any Question, Feel Free To Ask 🤗
NZDUSD: Has bears given up? Possible Swing BuyingOANDA:NZDUSD
We have possible buying opportunity on NZDUSD, on two day time frame price had rejected on ' discounted price zone' indicated a proper bullish reversal and the second confirmation is that price created strong lows and failed to break previous strong lows. In our view, price is likely to fall under our entry/demand zone and rebound strongly which will lead to our target zone eventually. This is a swing trade, so it will take days or months to be completed,; however, you can close the trade at your own decision. Good luck and trade safe. Like,comment and follow for more❤️
NZDUSD Bearish Momentum Expected from Anti-Butterfly PatternHarmonic Pattern Formation: Anti-Butterfly (XABCD)
NZDUSD is currently forming an Anti-Butterfly Harmonic Pattern on the 4-hour time frame.
The pattern consists of four distinct legs: X, A, B, and C, with Point D indicating a potential reversal area.
Confluence with Trendline and Fibonacci Level:
The Anti-Butterfly pattern is accompanied by a trendline, adding confluence to the potential reversal zone.
Price has exhibited a strong rejection at a key resistance level and the 0.618 Fibonacci retracement level, indicating significant selling pressure.
Bearish Momentum Expected from Point D:
With the rejection at resistance and Fibonacci level, we anticipate a shift in momentum towards a bearish trend from Point D of the harmonic pattern.
Trade Setup:
Entry: 0.59215
Stop Loss: 0.59560
Profit Targets:
TP-1: 0.58867
TP-2: 0.58525
TP-3: 0.58175
Rationale:
The entry point aligns with the anticipated reversal from Point D of the harmonic pattern, offering a favorable risk-reward ratio.
The stop loss is placed above the recent swing high to mitigate potential losses in case of a reversal.
Profit targets are set at key support levels based on previous price action and Fibonacci extensions.
Risk Management:
Maintain proper position sizing to limit exposure to potential losses.
Regularly monitor the trade for any signs of invalidation or early exit signals.
Disclaimer:
Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before entering any trade.
NZDUSD BUYING ON DIPS !!!HELLO TRADERS
As i can see this pair has reached at a strong support zone and now we are buying on dips from this given support we are expecting a up side move from this tested support after this retracement now this entry is very low risk based and looking for higher rewards Friends we need that u share ur thoughts with us on NZDUSD it will help many other traders
Stay Tuned for more updates
DeGRAM | NZDUSD buy at kill zoneNZDUSD is trading in the ascending channel, and it created the bullish harmonic pattern.
On the 4H timeframe, the market is essentially in the consolidation zone.
There is a kill zone for a long opportunity at support and the 88.6% fibo level.
We expect a bullish move to 50% fibo retracement level.
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How much longer can the kiwi sell off? How much longer can the kiwi sell off?
On Wednesday, the Reserve Bank of New Zealand opted to maintain interest rates, coupling this decision with dovish remarks and forward guidance.
Danske Bank economists anticipate a continued decline in NZD/USD in the upcoming year, setting a 12-month target at 0.5700. They think that the RBNZ contrasts with other G10 central banks which are apparently eyeing the start of their respective rate cutting cycles (which might be news to you, considering most expectations for rate cuts from other central banks are repeatedly being pushed back).
Nevertheless, this sentiment led to a significant decline in the New Zealand dollar over the past two days, although it seems to be trying to find support.
The 100 and 200-day simple moving averages emerge as notable hurdles for bearish sentiment on the daily chart.
On the 4-hour chart, the next support level following these moving averages is at 0.6050, a critical level that previously served as resistance in October last year.
Sustaining levels above 0.6070 could help sustain a positive outlook with the next target possibly around 0.6140, supported by signals from the RSI.
NZDUSD is on the verge of a breakout and upward reversal.In a previous analysis of OANDA:NZDUSD , I mentioned that as long as the 0.6 zone remains intact, the decline from the recent high could not be categorized as more than a mere correction.
Since then, the pair has consolidated but has remained resiliently above the mentioned level. Last week brought about a new reversal from the support level, and as of the current writing, the pair is pushing for an upward breakout.
I believe we will witness this breakout sooner rather than later, with the 0.6350 resistance level as the target in this instance.
DeGRAM | NZDUSD in the consolidationNZDUSD pulled back from the support level. Price is trading in the descending channel.
There's a kill zone level where the resistance level lines up with the 61.80% fibo level.
We expect a rollback from the levle since, according to the 4-hourly chart, the market is essentially consolidating.
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NZDUSD,🔴CPI is coming...🔴(Details on caption)
Hello traders
As you can see the market maker sell model is forming on the NZDUSD 15 minutes chart and now we are on the second distribution phase. We looking for a mid-term high form in the premium, then the price goes down for the sell-side liquidity as a final target.
Simply put, the market structure shifted after touching the 4-hour bearish order block and we can expect the price to continue downtrend to sell-side liquidity.
In this scenario, I don't want the to price reach 0.61400 or higher.
💥Please pay attention: Today we have the CPI today and High volatility is expected💥
NZ Economist's bold call opens opportunity in NZD? NZ Economist's bold call opens opportunity in NZD?
Sharon Zollner, chief economist at ANZ (the country’s largest retail bank), says the RBNZ may lift interest rates to 6% at its next meetings in February (27th) and April. Zollner accounts for 25 basis points in each meeting.
This could potentially open some targets to the upside in the NZD/USD, including a yearly high for the pair. On its way up, we might want to see little hesitation in the recent consolidation band of 0.62130 and 0.62611 before this eventuates though.
Zollner pointed out that a series of "small but unwelcome data surprises" was enough to kickstart the hiking cycle again. She mentioned that it's not uncommon for central banks to resume hiking after a break, citing three instances when the Reserve Bank did so after the 2007 Global Financial Crisis.
Obviously Zollner's prediction is only that, a prediction (and perhaps biased at that?). On the flip side, Kelly Eckhold, the chief economist at Westpac (New Zealand's second-largest retail bank), disagreed with the market predictions of another rate hike, countering Zollner's hawkish stance. Eckhold interpreted the new data to suggest a "higher for longer" scenario, expecting rates to stay at 5.50% until 2025. Which might not exactly be bad news for the upside prospects of the NZD/USD too.
NZDUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY 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 🤗
NzdUsd- Resumption of the up move?In a recent post, I emphasized that it is of paramount importance for Kiwi bulls to maintain the 0.6010-0.6030 zone.
As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year.
As indicated by the chart, this level is identified by horizontal support and the Golden Fibonacci zone, which spans between 50% and 61%.
So far, the pair has held this level intact and reversed strongly after touching it.
Additionally, there has been a break above the descending trend line, further reinforcing this bullish outlook.
With that said, I m bullish on OANDA:NZDUSD as long as the price stays above the recent low, and buying dips is my strategy.
Furthermore, a trade targeting the recent high resistance level could potentially offer a 1:3 risk-to-reward ratio, depending on the entry point.
DeGRAM | NZDUSD trend continuation opportunityNZDUSD is trading in the descending channel. Price pulled back from the support level.
There's a kill zone level where resistance level 61.8% fibo perfectly lines up with it.
The market is consolidating near the psychological level 0.61000, creating divergence.
We expect a bearish move to complete the AB=CD pattern.
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#NZDUSD: Possible Big Selling Opportunity! Dear Traders,
Hope you had a great weekend, now looking at the big picture of NZDUSD, we think price will likely to reverse after touching our area, DXY may become reverse in a week or two, while the pair is yet far from our entry point. We expect smooth drop; ensure you take appropriate risks when trading.
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DeGRAM | NZDUSD pullback from confluence levelNZDUSD is moving in an ascending channel. The market has dropped from the major resistance level.
The market is creating a bearish harmonic pattern, which is additional confluence.
We expect a pullback from the resistance since the market is moving sideways on the 4-hourly chart.
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