NZDUSD: RSI Bullish Divergence calls for a buy.NZDUSD is neutral on its 1D technical outlook (RSI = 51.335, MACD = -0.004, ADX = 18.088), recovering the previous bearish technicals. It seems like the 1D RSI Bullish Divergence on HL is forcing the price to a short term at least bottom with the last two similar situations rising by at least +3.50% over the 1D MA50. Buy (TP = 0.57350).
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NZDUSD trade ideas
NZDUSD SHARK PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
OPPORTUNITY FOR BUY NZDUSDWe have these indicators for BUY opportunity:
- Support from a Year low level
- Low volume to continue the current direction
- Reflection from the bottom of the parallel channel
- retest 6 Month low and 3 Month low
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
Note: As we can see, this is the first opportunity as a reflection from the parallel channel. Due to fundamental news, there may be one more opportunity in another parallel channel. Please consider this in your trades.
NZDUSD Faces Strong Support Near 0.5582NZDUSD Faces Strong Support Near 0.5582
NZDUSD has confirmed for the third time that 0.5582 is a very strong zone. Considering that the economic calendar will be almost empty in the second part of the day, there will be no significant events to push the price below this zone, thus increasing the chances for NZDUSD to benefit, at least in the short term.
If the price holds above 0.5582, it should rise to 0.5620, where it will face its first minor resistance zone. In the best scenario, it may extend up to 0.5640 today, though this is more likely to happen next week.
It is better not to keep this trade open over the weekend.
You may find more details in the chart!
Thank you and Good Luck!
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NzdUsd could rise to 0.58 (swing trade)The final quarter of 2024 was particularly challenging for the NZD, with the currency declining by 800 pips from its peak to its lowest point. More significantly, this drop represents a devaluation of over 12%, which is substantial for a major currency pair.
As 2025 begins, however, OANDA:NZDUSD has entered a consolidation phase, holding above the critical support zone near 0.5550. This level is noteworthy and deserves attention as a potential turning point.
While the overall trend remains bearish, a rebound from this key support area is likely. If this occurs, the pair could move higher toward the 0.58 resistance level.
In summary, dips near the support zone present buying opportunities with a favorable risk-to-reward ratio, targeting a return of at least 1:2.
NZDUSD (H4) - Probable Next Move.Hello Friends!
I hope it will touch the "0.56764" level then it can make some corrections. After her correction, it has more chances to touch the "0.57504" level. But if it create counter setup, then close it instant.
Do you have any questions, suggestions, or feedback? Then write a comment or private chat. If you need any help, info, or analysis. Then knock me without any hesitation.
…Thank you…
NZDUSD (4H): UT ANALYSISSummary:
The NZD/USD is poised for a potential breakout above 0.56464, supported by bullish technical signals and positive momentum.
Traders are advised to monitor price action closely and adhere to the provided trade setup to optimize profitability while managing risk effectively.
📊 Market Overview :
The NZD/USD pair is currently consolidating near the 0.56018 level, showing signs of potential bullish momentum. Recent candlestick formations and volume analysis indicate a possible reversal from the support zone. Key indicators, such as RSI and MACD, are approaching critical levels, hinting at upward movement.
📈 Trade Setup:
Buy Entry: 0.56464
Stoploss: 0.56044
Take Profit: 0.56884
💡 Analysis Highlights:
The pair is attempting to break through resistance near 0.56464, suggesting a strong buying zone.
Volume spikes near current levels indicate increased participation by bulls.
MACD's positive crossover supports further bullish price action.
ATR suggests moderate volatility, providing a favorable risk-to-reward ratio.
📌 Risk Management:
The stoploss is strategically placed below a recent support level to minimize downside risk.
Take profit is positioned near a key resistance zone, aligning with market momentum.
NZDUSD → The bearish trend may get its continuationFX:NZDUSD failed to realize the chance when the dollar went into correction. Buyers do not believe in the realization of the bullish scenario at the moment. The price continues to succumb to pressure
On the weekly timeframe the price approached the strong support level 0.5545 - 0.55. Accordingly, a reaction in the form of a small correction is possible. Small, because the dollar continues its bull run, and Trump's policy allows to keep this scenario in the medium term.
On H4, the price continues to test the support at 0.5588 and a local descending triangle is forming amid pressure from the bears. Possible retest of the channel resistance before further decline.
Resistance levels: 0.563, 0.567
Support levels: 0.5588, 0.5511
Technically, a breakdown and consolidation of the price below 0.5588 will provoke further sales against the background of the current local and global downtrend.
Regards R. Linda!
Classical SMC structureMarket Structure and Key Zones
1. Liquidity Zone (LIQ):
- Highlighted at the top where stop-loss orders are potentially clustered. This area serves as a liquidity pool for smart money to target before reversing the price.
2. Change of Character (CH):
- Identified in multiple zones, indicating a shift from bullish to bearish momentum. The initial CH is key to signaling the transition in trend direction.
3. Break of Structure (BOS):
- Occurs twice, confirming the bearish trend continuation. These BOS events validate the structural weakening of bullish momentum.
4. Retracement Zone:
- Post-BOS, the market retraces toward a premium zone (liquidity point), creating an optimal entry point for short positions. Traders are advised to look for entry confirmation here.
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Entry and Exit Strategy
1. Entry Point:
- Suggested at the retracement toward the liquidity pool (marked "LOOK FOR LIQUIDITY AS ENTRY POINT"). This is near the stop-loss (SL) cluster where institutional traders manipulate price for liquidity.
2. Stop Loss (SL):
- Positioned slightly above the liquidity zone to protect against false breakouts or sharp reversals.
Take Profit (TP):
3. Two TP zones are marked:
- TP-1: Near 0.55918, capturing a portion of profits and reducing risk exposure.
___________________________
Continuation and Confirmation
*Bearish Continuation:
- Price action suggests further downside after completing the retracement and liquidity sweep. Breaks of structure confirm bearish dominance.
Criteria: At least two breaks of structure (BOS) must occur for validation, as marked.