NZD/USD Simple Trade Plans (Oct)NZD/USD has fallen post FED meeting yesterday after comments have led to USD strength.
More risk off may come and give NZDUSD a larger kick.
NZDUSD trade ideas
NZDUSD SELL ANALYSIS DOUBLE TOP PATTERN Here on Nzdusd price has form a double top and now breaking line 0.63455 so there is a big chance to move down more as the price may fall so going for SHORT is needed with target profit of 0.63154 . Use money management
NZD/USD Top-Down Market Analysisvisit fourtrades.com for more
Daily Timeframe:
In the daily chart, NZD/USD is trading within a key resistance zone around 0.6340 to 0.6380. This zone has been tested multiple times, and the price is showing signs of potential rejection, with bearish pressure building up. Traders should watch for a decisive breakout above the resistance to confirm bullish momentum, while a rejection could lead to a downward move towards the support levels around 0.6295 and 0.6252.
Key Levels:
Resistance: 0.6380
Support: 0.6295, 0.6252
4-Hour Timeframe:
In the 4-hour chart, we can see the price has broken below a rising channel, indicating a potential shift in momentum. The pair is now retesting a supply zone between 0.6340 and 0.6360. This level could act as a resistance, and if the price fails to break above this zone, we may see a continued downward move towards the next demand zone around 0.6290.
Additionally, the footprint marked around 0.6320 shows an important reaction level. If this area holds, it could signal a continuation of the bearish trend.
Key Observations:
Bearish Channel Breakout
Retest of Supply Zone (0.6340 – 0.6360)
Potential targets: 0.6290, and possibly 0.6257
1-Hour Timeframe:
The 1-hour chart shows the pair breaking below a bear flag pattern, a continuation signal of the previous bearish momentum. The price is hovering near the 0.6330 level, and there are two potential scenarios from here:
Bullish Scenario: If the price pushes back above 0.6340, we may see a short-term move towards 0.6360 or higher.
Bearish Scenario: If the price breaks below 0.6330 and holds, expect the market to test 0.6300 and then 0.6250.
Traders should keep an eye on these levels, as they represent critical points for potential trade setups in both directions.
Conclusion:
NZD/USD is at a key inflection point. On the higher timeframes, the pair is testing important resistance levels, while on the lower timeframes, the breakdown of the rising channel suggests further downside potential. Traders should be cautious and wait for clear confirmations—either a break above resistance for long positions or a continued rejection for short trades. Keep an eye on the 0.6340 and 0.6290 levels for the next possible move.
NZDUSD PRINTING DOUBLE TOP NZDUSD Printing Double Top Reversal with Bearish Divergence it also break neckline when it retrace fib (0.50 to 0.60) golden pocket take entry stop loss will be same just above the top
NzdUsd Trade IdeaNzdUsd has been ranging between 63560 and 62570. Price did manage to create bullish structures after tapping into 62570 where price than made the last higher low at 63400 before breaking above 63560. In order for me to go short on NU or look for shorts I would have to see the last higher low be broken AND retested to confirm the shift in the structure and continue respecting the range between 63560 and 62570.
NZDUSDWe can attempt to buy NZDUSD from specified level as it make HL , also no bearish divergence occur indicate that it moves upward.
SL , TP mention in chart.
NZD-USD Resistance Ahead! Sell!
Hello,Traders!
NZD-USD keeps growing
In a strong uptrend but
Will soon hit a horizontal
Resistance of 0.6414
From where we will be
Expecting a local move down
Sell!
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NZDUSD Bearish StartBulls seem exhausted. Bears are preparing to jump in. Lets take a risk but beware, its too early.
NZDUSD 1hr Price ActionWait 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.
NZDUSD Will Go Down! Short!
Please, check our technical outlook for NZDUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.635.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.623 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDUSD: Pullback Time?! 🇳🇿🇺🇸
NZDUSD looks quite overbought:
I see a confirmed bearish breakout of a support line of a rising wedge pattern
and a violation of a neckline of a double top pattern on an hourly time frame.
With a high probability, we will see a pullback at least to 0.63385
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Short NZDUSDNzdusd making a bearish divergence at 1h timeframe, we place our sellstop at these given points
USDNZD short sellIf price should break our support level then i will expect to see price move downward towards our target area.
Kiwi H4 | Potential bullish bounce off overlap supportThe Kiwi (NZD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6331 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6280 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 0.6418 which is a level that aligns with 161.8% Fibonacci extension level.
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NzdUsd could rise above 0.65Much like its larger counterpart, the AUD, the NZD found a bottom against the USD in early August.
Since then, the pair has been trending upwards and is currently testing a key resistance level.
A breakout here could lead to further gains, with the 0.65 level as the next potential target.
I'm bullish on the pair as long as the price stays above last week's low.
NZDUSD STILL BEARISH >The New Zealand Dollar had an explosive rally last week, 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 Trade IdeaAnother pair that could play out either way is NU. Patience is gonna pay with this one. Price has been ranging but has been extremely bullish so we can look for NU to break and retest above 63560 to continue those longs. But with price ranging between 63560 and 62570 last week I'm also expecting price to break below for some shorts for the range continuation.
Sell nzdusd A sime and clear analysis showing selling zone on daily and weekly time frmae
Weekly and daily over bought
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZDUSD NEXT MOVE POSSIBLEThis NZD/USD 4-hour chart shows a recent Break of Structure (BOS) and indicates potential bearish momentum. After a liquidity sweep at the highs, the price is expected to retrace and head towards the demand zone around 0.6249–0.6210. A possible reversal and bullish reaction from this zone are anticipated. Traders might watch for price action signals around the demand area for potential entries.
NZDUSD - Potential long !! Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is a rejection from LZ + trendline + level 0.63000.
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NZD/USD Daily AnalysisPrice now sits at daily resistance, last seen tested and rejected in December last year.
Price only entered this over valued zone on the last day of trading this week. Does the market still class NZD/USD as over priced here? Watch how price reacts.
A break below the daily trendline and a correction pattern could form an opportunity to sell this market.
