IDEA NZDUSD LONG POSITION Hi Traders
Pair : NZDUSD
Position : LONG ( BUY )
Entry Price : 0.63080
STOP LOSS @ 0.62880
TP 1 @ 0.63280
TP 2 @ 0.63480
TP 3 @ 0.64000 ( Trailing SL )
NZDUSD trade ideas
Analysis of NZD/USD: Exchange Rate Hits Yearly High TodayAnalysis of NZD/USD: Exchange Rate Hits Yearly High Today
According to the NZD/USD chart, the exchange rate has reached 0.635 New Zealand dollars per US dollar today, its highest level since December 2023.
As reported by Trading Economics:
→ On one hand, the "kiwi" strengthened due to China's announcement of an economic stimulus package, as China is New Zealand's largest trading partner.
→ On the other hand, weaker-than-expected US consumer confidence data (CB Consumer Confidence) released yesterday also supported the pair: actual = 98.7, forecast = 103.9, previous = 105.6.
Today's technical analysis of the NZD/USD chart shows that since late July, the price has formed an upward channel (marked in blue), with the following developments:
→ Bulls managed to break the 0.630 level;
→ The 0.626 level shifted from resistance to support (indicated by an arrow);
→ Since mid-September, the price rise has been most clearly reflected by a steeper upward channel (shown by purple lines);
→ The RSI indicator on the 4-hour timeframe entered the overbought zone and has turned downwards.
It's worth noting that today’s NZD/USD chart indicates the median line is showing signs of resistance, as seen earlier in September.
Given this, the market appears vulnerable to a pullback, and we may witness a retest of the 0.630 level, reinforced by support from the purple lines.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Market Analysis: NZD/USD RisesMarket Analysis: NZD/USD Follows Suit
NZD/USD might aim for more gains above 0.6300.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is consolidating gains from the 0.6350 zone.
- There is a major bullish trend line forming with support at 0.6280 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.6180 zone. The New Zealand Dollar broke the 0.6265 resistance to start the recent increase against the US Dollar.
The pair settled above 0.6280 and the 50-hour simple moving average. It tested the 0.6355 zone and is currently correcting gains. The pair corrected lower below the 0.6340 level. The NZD/USD chart suggests that the RSI is now approaching 60.
On the downside, immediate support is near the 23.6% Fib retracement level of the upward wave from the 0.6209 swing low to the 0.6355 high at 0.6320.
The first key support is near a trend line at 0.6280 and the 50% Fib retracement level of the upward wave from the 0.6209 swing low to the 0.6355 high. It is close to the 50-hour simple moving average. The next major support is near the 0.6265 level.
If there is a downside break below the 0.6265 support, the pair might slide toward the 0.6210 support. Any more losses could lead NZD/USD in a bearish zone to 0.6180.
On the upside, the pair might struggle near 0.6355. The next major resistance is near the 0.6380 level. A clear move above the 0.6380 level might even push the pair toward the 0.6440 level. Any more gains might clear the path for a move toward the 0.6500 resistance zone in the coming days.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Kiwi H4 | Falling to pullback supportThe Kiwi (NZD/USD ) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6292 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6245 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.6353 which is a swing-high resistance.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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
NZDUSD SHORT TRADE OUTLOOK (SEPT. 24-27)>The New Zealand Dollar experienced an explosive rally today, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders.
>We can now observe five invalidated supply zones lined up on the chart.
>Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop.
>The US Dollar Index remains undervalued ( refer to my USD analysis for more insights ).
>Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
NZDUSD bull flag pattern in full swingAsian Session Update: The Kiwi is nearing the 127% extension, intraday RSI's are overbought but still pointing higher. Highs from July 2023 come in above the .6400 level.
NZD/USD blasts to 2024 highs as golden cross triggered Given its status as cyclical currency closely tied to the fortunes of the global economy, it comes as no surprise that NZD/USD blasted to a 2024 YTD high following China’s latest stimulus announcement.
Having broken long-running downtrend resistance, and with momentum indicators providing bullish signals without being overbought, there could further upside to come for the Kiwi as speculation swirls that China may announce fiscal stimulus measures in the coming days to boost flagging domestic demand.
Put simply, ahead of Golden Week holidays in China, risks appear skewed to the upside near-term even after the run we’ve seen. We’ve even seen the 50-day moving average cross the 200-day moving average from below, delivering a golden cross. Even though I’m not putting any weight on the event trigger, it’s like the cherry on top for bulls.
One option is to buy the break now with a tight stop below for protection, although that screens as a lower probability play with the pair sitting in between two levels.
My preference would be to wait for a potential pullback towards .6300, allowing for a stop to be placed below the level or former downtrend for protection. Alternatively, if we see a push above .6370, you could buy the break with a tight stop below for protection. For the latter setup to work from a risk-reward perspective, you’d need to target .6540.
Good luck!
DS
NZDUSD Price Action 1hrWait for the price leave the consolidation zone.
If it comes out in Long, wait for the retest in the support and look to enter in Long.
If it goes short, wait for the Retest at resistance and look to go short.
Noob here. Thanks in advance!Hello all! I'm trying to grab the basics here in chart reading so I will make various posts to make sure I'm going in the right directions. Please if you stumble upon this feel free to give me a little bit of feedback if I'm in the right direction or even off by a mile and what I should be looking for!
I have joined Six Figure Capital and am looking to become a full time trader at some point.
This is an example of a down trend that I could find, please let me know if I'm correct on this!
Sell nzdusdA long term selling opportunity coming
Daily and weekly overbought pair
weekly 100 pips supply area strong level
Minimum 500 pips selling potential from this level
Trade with caution
Anticipating tradingApplying following trading strategy:-
Bullish trend
No divergence
Bullish Ascending parallel channel continuation pattern
No reversal pattern
No Harmonics pattern
Bulls=2
Trade on break out of HH
NZDUSD - Parabolic Exhaustion. MACD DivergenceNZDUSD has been showing strong momentum recently with signs that price increase has outpaced momentum.
Watch for breaks of the trend fan-lines for confirmation before entering short.
NZDUSD - BUY IDEAThe price has been pushing higher and is approaching the daily high.
The 4H structure is bullish, in line with higher timeframes.
There is an area of 4H imbalance to be tested within the current structure range with some equal lows (liquidity) above to be taken.
Waiting for these equal lows to be swept and let's see if price reacts giving a trading opportunity.
Lingrid | NZDUSD updating SWING highs. Bullish MOMENTUMFX:NZDUSD is making higher lows, indicating bullish pressure, though the higher highs are relatively at the same level, suggesting a potential breakout of resistance. The recent formation of a bullish continuation a triangle pattern, typically signals that the market is consolidating before a potential breakout. As the market approaches the psychological level of 0.63000, which acts as a resistance zone on the daily timeframe, there is a possibility that it might break through this level. The price action on the daily timeframe appears very bullish, therfore I expect the market to a pullback before attempting to break through this resistance and continue higher. My target is resisatnce around 0.62990
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NZDUSD READY... SET... SELL...EVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
TRADE: WAITING TO SELL
DURATION: SHORT TO MEDUAM
SCALP: NO SCALPING
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.6293
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 0.6346
Why we like it:
There is a resistance level at the 161.8% Fibonacci extension.
Take profit: 0.6212
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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Could the kiwi reverse from here?The price is rising towards the pivot point which has been identified as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 0.6293
1st Support: 0.61901
1st Resistance: 0.6350
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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NZDUSD SHORTThe sellers are building volume to head down , now we are waiting for just confirmation to short NU
NZD/USD Potential ShortHi Traders.
We see this pair is moving in an ascending channel to a potential double top area.
Also this zone is the top of a HTF structure. When we see a breakout from the ascending channel followed by some LTF correction we can expect more down movement
Using Probability to Guide My Long Positions on NZDUSDThe NZDUSD pair is showing bullish potential due to several key factors.
Recent US inflation data came in softer than expected, which could lead to a more dovish stance from the Federal Reserve.
Additionally, the Fed's recent interest rate cut is likely to weaken the US dollar, benefiting the New Zealand dollar.
These factors, combined with NZDUSD's positive momentum over the past week and month, support a bullish outlook for the pair.
To capitalize on this potential, I'm using probability-based analysis to enter long positions. By focusing on high-probability setups, I aim to achieve more consistent results over time.
12M:
2W:
1H:
I’d love to hear your thoughts on the NZDUSD outlook and my trading strategy. Please share your insights or questions in the comments below!
TRADE SETUP ON NZDUSDHey Trader,
Check out this analysis on NZDUSD.
The entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Kiwi H4 | Potential bullish bounce off 50% Fibo supportThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6182 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6141 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 0.6256 which is a pullback resistance.
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.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
