NZDUSD | The best place to buy🎯Hello traders, Symbol NZDUSD . Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine the wave a that we specified in the weekly timeframe analysis.
In wave a, waves 1, 2 and 3 are complete and now we are inside wave 4, in wave 4, waves a and b are formed as 3 waves and we conclude that wave 4 will be flat and wave c is being formed.
In this analysis, we consider the c wave in the form of a triangle, but this triangle is confirmed when the price moves towards the floor of the triangle after hitting the ceiling of the triangle, and from there it starts its upward movement, which we marked with a red circle.
If the price breaks the ceiling of the triangle from this point, the price will move to the ceiling of the orange channel, in which case wave 5 starts and wave c will be an impulse.
If Fibo 0.618 is broken, this analysis will lose some of its validity.
If the black dashed line is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Nzdusdtrade
NZDUSD | The best place to buy🎯Hello traders, Symbol NZDUSD . Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examine the wave a that we specified in the weekly timeframe analysis.
In wave a, waves 1, 2 and 3 are complete and now we are inside wave 4, in wave 4, waves a and b are formed as 3 waves and we conclude that wave 4 will be flat and wave c is being formed.
In this analysis, we consider the c wave in the form of a triangle, but this triangle is confirmed when the price moves towards the floor of the triangle after hitting the ceiling of the triangle, and from there it starts its upward movement, which we marked with a red circle.
If the price breaks the ceiling of the triangle from this point, the price will move to the ceiling of the orange channel, in which case wave 5 starts and wave c will be an impulse.
If Fibo 0.618 is broken, this analysis will lose some of its validity.
If the black dashed line is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Uncertainty lies ahead for the NZDUSD. Upside juicy for MM...The new zealand dollar continues to trade in a random walk manner as areas of value builds up on both sides for the market makers. Anything could happen for the price action this week as market makers look to hunt stop losses placed on both sides of the trade. We see stronger areas of value to the upside for longer term charts and those areas are where will will lay our eyes upon.
BULL CASE
We will look for a short retrace next week before entering a long position on this pair. This move will force shorts who entered at the 0.71 levels to cover and push the price all the way up to 0.72 before it finds resistance
BEAR CASE
As the price did not move up too quickly from the 0.69 low, we do not expect price to break lower than that. If it does, we are wrong and it should find support at the bottom of the channel before finding prolong upside.
NZD/USD:UPDATE PRICE ACTION ANALYSIS|REVERSAL|NEXT TARGET|LONG🔔Fitch Ratings noted that they expect the RBNZ to raise the official money rate (OCR) at next week's monetary policy meeting.
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RBNZ rate decision setup for NZDUSDNext week marks a rate decision event for RBNZ. Currently at 0.25%, there is news in the air for an increase in the rate by 25bp, and possibly another hike before the end of this year.
Currently NZDUSD has been flowing more or less in the indicated upward channel. It has fallen due to a strong USD this week and a reversal is in the making.
Two highlight points on the chart indicate 1. a slight drop in US retail sales and 2. the RBNZ rate announcement.
Provided these events fall in support of the Kiwi, it is expected to bounce up and test the 0.7100 range and possibly further.
Point to note: currently the 4h signal shows the reverse from this week's downtrend has already started - however its a Friday!!! I feel like jumping on to the long already but may be worth waiting till NY open or London close to understand the levels better. There's a chance we lose pips on the entry but its a safer play. A well-placed stop may benefit the early birds.
See ref. think.ing.com.
NZDUSD | The best area to buy🚀Hello traders, Symbol NZDUSD , this analysis is prepared in a weekly time frame but has been published for a better view in a 2 week time frame.
In this analysis, we tried to show you a general mentality about the movements of this symbol.
According to the side motion process that has occurred, this wave counter has been prepared in the form of complex waves for wave 4.
Initially, the price of a zigzag that was connected to a flat by X-wave , and it can be said that all or part of our complex waves are over, and now a new trend or X-wave is being formed.
With the price coming out of the blue channel, we came to the conclusion that a bunch of new waves are forming.
We considered two possibilities for this wave:
1- Start of leading waves
2- X-wave formation and continuation of this side process
At the beginning of the work, we examined the probability of wave X. In smaller time frames, we specified an area for the end of wave a, which will be confirmed if the orange trend line is broken, and the price will move upwards, if not broken. We will have the orange trend line from this point.
If the orange trend line is broken and the price moves up to the trend line and the range we have specified for wave a , it will be a very suitable area in terms of harmonic formation for wave b, which is located in the Fibo area of 0.618.
If the price returns from this area, wave c will probably move to the end of wave b.
If Fibo 0.618 is broken, this analysis will be fielded.
The plane sign indicates that wave a can move beyond this area.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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NZDUSD ANALYSISWe have this pair sitting at a key level.
As the pullback to this level was corrective, we could see bullish rejections and a bounce from here.
That would set us in for longs. However, if there is a clear break below this level, we would wait for a retest or pullback before clicking sells.
We're more inclined to buys from here because of the price action around this level. This pair is added to the watchlist.
NZDUSD | The best area to buy🚀Hello traders, Symbol NZDUSD, this analysis is prepared in a weekly time frame but has been published for a better view in a 2 week time frame.
In this analysis, we tried to show you a general mentality about the movements of this symbol.
According to the side motion process that has occurred, this wave counter has been prepared in the form of complex waves for wave 4.
Initially, the price of a zigzag that was connected to a flat by X-wave , and it can be said that all or part of our complex waves are over, and now a new trend or X-wave is being formed.
With the price coming out of the blue channel, we came to the conclusion that a bunch of new waves are forming.
We considered two possibilities for this wave:
1- Start of leading waves
2- X-wave formation and continuation of this side process
At the beginning of the work, we examined the probability of wave X. In smaller time frames, we specified an area for the end of wave a, which will be confirmed if the orange trend line is broken, and the price will move upwards, if not broken. We will have the orange trend line from this point.
If the orange trend line is broken and the price moves up to the trend line and the range we have specified for wave a , it will be a very suitable area in terms of harmonic formation for wave b, which is located in the Fibo area of 0.618.
If the price returns from this area, wave c will probably move to the end of wave b.
If Fibo 0.618 is broken, this analysis will be fielded.
The plane sign indicates that wave a can move beyond this area.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
NZDUSD ANALYSISWe have now broken below the region as we said in the previous analysis.
We should expect a pullback and wait for clear rejections before taking any trades.
Very slow markets this time but we're making the best of it.
New targets would be a new low from the move.
The level of 0.69200 is a good location to receive profits. Cheers.
NZD/USD:BULLISH FIBO SWING IDEA|UPTREND SHORT TERM|LONG SETUP🔔 Welcome back Traders, Investors, and Community!
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Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
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NZDUSD ANALYSISJust as our last analysis stated, we saw a rejection off that level of daily resistance, and a fall afterwards.
Now, price is testing a 4h/1h level. If we see some rejection and bounce, we could see price return to the daily level.
However, if we see a break below, we could see some continuation sells to the bottom of the range.
We're short inclined as the dollar could be mustering up a lot of strength this week.
NZD/USD good short position NZD USD was the most bullish pair of last year
hence it found a strong resistance zone at 0.74200
after that market is making a correction on higher time frames
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key to success in financial world
NZDUSD Potential Long into 0.71250 (extended target)Top-down analysis
Monthly - Previous monthly candlestick closure, Doji candlestick ( Potential ranging inside the doji)
Weekly - Previous weekly candlestick closure, Long wick closure upside and also not correlated in Daily timeframe
Daily - Made a higher high and a momentum
( but not a great momentum due to weekly candlestick closure)
Potential movement next week might be going lower a big to get some liquidity to continue upside farther.
Confluences for Upside movement;
a. FIB 78.6%
b. Minor key level
c. Daily market structure
NZDUSD ANALYSIS UPDATEThings didnt go exactly as we had hoped but the result was the same. got our breakout. Now what I will be wating for is a retest or a break of structure.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
NZD- The New Safe haven New Zealand’s central bank on announced a halt to its pandemic-induced quantitative easing program, sending the Kiwi dollar soaring as markets bet that a rate hike was now imminent this year.
In other words, they dare to do what everyone else (including the Federal Reserve ) is talking but not daring..
New Zealand’s pandemic-free economy has been growing on the back of a housing boom and strong retail spending, raising concerns that it may get overheated pushing inflation above the bank’s target and squeeze the labour market.
First quarter GDP swept past forecasts, rising 1.6%. A survey last month showed the business outlook was now better than pre-COVID levels, and hiring constraints and inflationary pressures were starting to bite.
Rate hike could be coming as soon as August this year: A rate hike this year would make New Zealand the first developed economy to kick off policy tightening. The Reserve Bank of Australia said earlier this month that it did not expect a rate rise before 2024.