Happy New Years!Gonna start this year with a solid NU set up. NU has been overall bearish but price managed to make a new low while creating solid structures to guide price. I do believe price can push to the upside to fill in that bearish gap. If price can break bearish structures and push to the upside than we could expect price to start bullish structures and head to the level I have marked around 57150. I'll be looking to get into a 1:3rr if the break and retest happens.
NZDUSD trade ideas
NZDUSD - Easiest 1000pip Trade Ever!We might be on the verge of one of the easiest trades ever.
NZDUSD is currently in a wave B correction, which appears to be a 333 WXY correction. We are currently in wave Y and expecting a breakout for the bigger wave C.
Trade Idea:
- Enter on break of trendline
- Stops below lows after trendline break
- Targets: 0.61 (500pips), 0.65 (1000pips)
Simple, right?
Goodluck and as always, trade safe!
NZDUSD Hits 1Y Low, Bulls Eyeing Reversal to 0.602911Hello,
OANDA:NZDUSD has reached a new one-year low at 0.55871, and expectations are now leaning towards a potential bullish reversal. Confirmation will be necessary as the price action unfolds, but there is growing confidence in a significant upward move towards 0.602911!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZDUSD Is Bearish! Short!
Take a look at our analysis for NZDUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.560.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.555 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDUSD - The uptrend of the dollar is over?!The NZDUSD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe. In case of upward correction, we can see the supply zone and sell within that range with appropriate risk reward. A valid break of the support area will provide us with the continuation of the downward path of this currency pair.
At the beginning of 2025, the US dollar has continued its upward trajectory, solidifying its position as one of the leading global currencies. After delivering a strong performance in 2023 and 2024, the dollar has now risen by more than 1% against the euro and the British pound, outpacing other major currencies.
From an economic news perspective, recent reports have had little impact on the market. While data on jobless claims, affected by holiday factors, were assessed positively, reports such as construction spending and manufacturing PMI fell short of expectations. However, these statistics failed to create significant market movement, with US Treasury yields seeing only a slight uptick.
According to data published by S&P Global, the US manufacturing PMI for December 2024 stood at 49.4, a slight decline from 49.7 in November. This figure remains below the 50-point threshold, indicating contraction in manufacturing activity. Nonetheless, there has been a slight recovery from the mid-month figure of 48.3.
Manufacturing output in November declined for the fourth consecutive month, hitting its lowest level in 18 months. Additionally, new orders continued to fall, though at a slower pace compared to previous months. However, export orders experienced a steeper decline, primarily driven by economic weakness in Europe and Australia.
In the employment sector, there has been modest yet positive growth for the second consecutive month, reflecting manufacturersโ efforts to retain their workforce. Input cost inflation has reached its highest level since August 2024, largely due to concerns over trade tariffs and potential protectionist policies. Approximately 25% of firms attributed their increased purchases to tariff threats, highlighting concerns over the inflationary effects of such policies.
Despite current challenges, manufacturers are increasingly optimistic about the future. This optimism, which has reached its highest level in two and a half years, stems from reduced uncertainties following the elections and positive expectations of stronger economic growth and supportive government policies in 2025. However, the gap between current production levels and future expectations has reached its widest point in a decade, excluding the COVID-19 pandemic period.
The main driver behind the strength of the US dollar is capital inflows. While the US economy appears robust, this alone does not explain the dollarโs growth. A confluence of positive factors has made US assets attractive, with the countryโs stock markets outperforming other global markets. Currently, a significant portion of global capital formation is concentrated in the US dollar and its markets.
Nevertheless, risks such as rising tariffs or restrictive fiscal policies could alter the dollarโs trajectory. For now, the market shows little concern about the Republican-led Congress, and the US dollar continues to assert its dominance in global markets.
Donald Trump, the US President-elect, recently tweeted that tariffs have brought immense wealth to the country and that he plans to continue these policies after assuming office on January 20. Trump also referenced border issues, calling Joe Biden the โworst president in US history.โ
The chief asset strategist at HSBC Bank highlighted the hawkish messages from the Federal Reserveโs December meeting as a cause for concern. January is expected to be highly volatile, but these fluctuations could present intriguing investment opportunities.
NZDUSD H4: The bears steering down...NZDUSD H4: The position of the price in relation to the EMAs and to the TL confirms a bearish trend. While the price stays below the TL and the EMAs any short position is in the table. The Support at 0.55814 has been tested and the price had been above that since October 2022 what could give 2 options: another rejection level that may will have a short life(due the TL pattern) or will be break pushing the price further down. In that case a confirmation on that break is a must before any short entries. The RSI hovering around 45 may will test the 50 but with expectations of heading to an oversold level. The candles around the Support suggesting indecisions may represents the bears are preparing for a continuation but we have to wait. For any short entry around the support level will be wise to go for a tight SL so any weird volatility will not take much of our money.
NZDUSD-USDX - SELL USD strategy Daily chartJust to highlight, the two charts shows there is a (inverse) relationship. the USD is in fact very overbought Daily chart and therefore, the strategy to focus on NZDUSD is good for good reasons. the AUDNZD cross is overbought, i.e., the NZD suffered the most on the decline. It;s reflected in all NZD crosses.
so most pairs, SELL USD and I prefer NZDUSD BUY for reasons to see a proper correction towards 0.5850 is my viewpoint.
NZD-USD Strong Downtrend! Sell!
Hello,Traders!
NZD-USD is trading in a
Strong downtrend and the
Pair made a bearish breakout
Of the key level of 0.5620
Then made a retest and is
Now going down again so
We are bearish biased and
We will be expecting a
Further bearish continuation
Sell!
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NZDUSD Long IdeaNZDUSD is approaching 3 month timeframe lows with the dollar and EN at 3M supply zones. market structure has yet to change on NU so will be waiting for that before entry. Entry is based off previous information provided for a swing trade and more entries when presented. potential bias for 3 months .
Potential bearish drop off pullback resistance?The Kiwi (NZD/USD) is reacting off the pivot and could drop to the pullback support.
Pivot: 0.5616
1st Support: 0.5587
1st Resistance: 0.5635
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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NZD/USD "The Kiwi" Forex Market Heist Plan on Bearish๐Hi! Hola! Ola! Bonjour! Hallo!๐
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Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the NZD/USD "The Kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. ๐ So Be Careful, wealthy and safe trade.๐ช๐๐
Entry ๐ : You can enter a Bearish trade at any point.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss ๐: Using the 4H period, the recent / nearest high level.
Goal ๐ฏ: 0.55300
Warningโ ๏ธ : Our heist strategy is incompatible with Fundamental Analysis news ๐ฐ ๐๏ธ. We'll wreck our plan by smashing the Stop Loss ๐ซ๐. Avoid entering the market right after the news release.
Based on the fundamental analysis ๐ฐ ๐๏ธ I would conclude that the NZD/USD (New Zealand Dollar/US Dollar) pair is: Bearish
Reasons:
Interest rate differential: The Reserve Bank of New Zealand's (RBNZ) interest rate (2.50%) is lower than the Federal Reserve's (Fed) interest rate (4.50%), making the NZD less attractive to investors.
Economic growth: New Zealand's GDP growth (1.5%) is slower than the US GDP growth (2.1%), which could lead to a stronger USD.
Trade balance: New Zealand's trade deficit (NZD 1.1 billion) is larger than the US trade deficit (USD 50 billion), which could put downward pressure on the NZD.
Commodity prices: New Zealand's economy is heavily reliant on commodity exports, and a decline in commodity prices could negatively impact the NZD.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth, particularly in China and the US, could negatively impact the USD and support the NZD.
RBNZ's monetary policy: The RBNZ's dovish stance and potential interest rate cuts could support the NZD.
US-China trade tensions: Escalating trade tensions between the US and China could lead to a decline in the USD and support the NZD.
Bearish Scenario:
Stronger US economic data, such as GDP growth and inflation, supports the USD
Decline in commodity prices, particularly dairy and meat, supports the USD
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away ๐ฏ Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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NZDUSD Wave Analysis 31 December 2024
- NZDUSD broke key support 0.5600
- Likely to fall to support level 0.5500
NZDUSD currency pair under the bearish pressure after breaking the key support 0.5600, which stopped the previous long-term ABC correction (2) earlier this month.
The breakout of the support 0.5600 strengthened the bearish pressure on this currency pair.
Given the multi-month downtrend, NZDUSD currency pair can be expected to fall to the next major support level 0.5500 (which stopped multiyear downtrend in 2022) - from where the upward correction is likely.
NZDUSD - (Bullish) Potential Bullish ReactionNZDUSD: Testing a Key Support Level with Potential for Bullish Accumulation
Order Block (0.5580 - 0.5620): This zone has historically acted as a strong support level, suggesting potential bullish accumulation in the current price action.
Nadaraya Watson Signal: Indicates possible momentum for a bullish reversal, further reinforcing the likelihood of upward movement.
Suggested Trade Setup:
Entry (Buy): 0.5620
Take Profit 1 (TP1): 0.5800
Take Profit 2 (TP2): 0.6000
Stop Loss (SL): ~ 0.5550
NZDUSD - LONG - Bullish Sentiments and divergence for LONGMarket seems to be in accumulation phase with confluences of bullish divergence on 4h Time Frame. Further, if the market breaks out of consolidation phase, we can expect a rally till 4h resistance level at 0.57544. STOP loss can be market at 0.56052. Additionally, sentiments of market for this pair favors the BULL for more than 90 percent.
NZD/USD BUY SETUP! This pair is presenting a solid buying opportunity with an excellent risk-to-reward ratio! The technicals align perfectly for a bullish move, supported by key levels and momentum signals.
๐ Reminder: Always trade with a stop-loss to protect your capital. Manage risk wisely and let the market do the work.
Letโs aim for profits while staying smart and safe! ๐ฐ