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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

NZD/USD sets stage for next up moveThe US dollar continues to fall across the board, especially against haven currencies like the Japanese yen. But it is also weaker against the more high beta currencies too, despite the ongoing struggles in the stock markets. The NZD/USD stands ready to benefit from the weakening US dollar, especially in the event we see calm return to stocks. The NZD/USD has been in consolidation mode for the past few days, declining inside what looks like a falling wedge continuation pattern. The kiwi surged last month after a false break reversal pattern was formed around the 0.5860 level (see chart). After hitting a high of just under 0.6300, it has dropped a bit to test - and so far hold - prior resistance at 0.6170 (see red arrows on the chart). This level has now turned into support. If we can now take out the pivotal 0.6218/20 level, then more gains could be on the way, initially targeting the liquidity now resting above the most recent high at 0.6300 area.   So far this week, we have had two disappointing employment indicators from the US, namely JOLTS job openings and now ADP private sector payrolls (rising by just 99K instead of 144K expected and prior number was revised lower too). From here, a substantial further decline in the US dollar would require further bearish US economic data this week. Friday's payrolls report is key in this regard. But any data-driven upside should be limited given the Fed’s clear signal that it will cut rates. Put simply, weakness in US data is needed to keep the pressure on the US dollar, while the upside for the greenback should be limited on any data surprises because of the Fed’s strong indications that rate cuts are starting this month. This makes me bearish on the dollar and therefore bullish on major currency pairs like the NZD/USD. By Fawad Razaqzada, market analyst at FOREX.com
Long
by FOREXcom
NZDUSD Strong sell opportunity.The NZDUSD pair gave us last time (June 26, see chart below) a solid sell signal, even though the Target just fell short of being hit: The price is giving yet again a sell signal as not only it fulfilled the 0.786 Fibonacci retracement level and got rejected but also the 1D RSI hit and got rejected exactly on the 70.00 overbought barrier, which is where all tops since late 2022 have been priced. As a result, we expect the pair to initially hit at least 0.6000 towards the end of this month. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
PROGRESSAfter a really long time i got to understand trading! After a really long pause from sharing my trading insights i am now using a simple yet another not profitable style however! After a really long time i got to understand that its not the strategy its the TRADING PLAN! All and everything works if you make it work ! here i am sharing its not about your analysis its about a set of rules you include in any startegy ! Its about how you manage your trading business simply as you manage your life and your finances ! Sharing this to tell you that my win-rate is as low as 15% of course my risk to reward is massive but if used incorrectly your would lose every single time ! CREATE A PLAN AND USE WHAT EVER STRATEGY YOU HAVE NOW ! PS: if you think you can predict and you are a technical and fundamental savy ! just know you are wrong even if you are right you are still wrong because in one moment a big money trader can mess with your prediction for fun yes just for fun! God Bless you
by ayman_aeh
NZDUSD💡Hello everyone, NZDUSD chart analysis Liquidity solicitation (Liquidity Sweep) On the daily time frame, the price performs what is known as a “liquidity call”, which often refers to a price movement that attracts traders to enter long trades, believing that the price will continue to rise, but then a quick reversal in the trend occurs. The MACD indicator indicates that purchasing momentum has begun to decline. We move to a lower time frame looking for a selling opportunity⬇️ ⛔It is not investment advice, for educational purposes only.
by Adhamcurrency
2
NZD/USD "KIWI" Bank Money Heist Plan on Bearish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist NZD/USD "KIWI" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 1H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
Double Bottom LongGood day traders, i hope you have all been well. Lets get into it. This is a follow up on the NZDUSD formation i uploaded last time, the Double Bottom. We can all agree that the setup played out well, price reached the Resistance(0.62691-0.62970) and i believe price will or is heading back down to retest the neckline of the double bottom before it continues upward and i have identified the possible neckline resistance that was broken and will be retested as new support(0.61335-0.61266). remember chart patterns do work only if you apply them properly and that is at significant Support or Resistance. All the best
Long
by madanhileeroy
NZDUSD Will Explode! BUY! My dear friends, NZDUSD looks like it will make a good move, and here are the details: The market is trading on 0.6188 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6238 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
The Most Famous Traders Around the GlobeThe Most Famous Traders Around the Globe You may have come across news articles and personal stories on social media about traders who have made huge profits and achieved early retirement. Such stories can motivate you to learn and practise to achieve your personal highs. In this FXOpen article, you will find out more about the most famous traders and their success stories. What Makes a Trader Successful? It’s important to realise that success is subjective, and there is no one formula for achieving it. For some people, success is earning as much as possible in a short period, while for others, it’s about gradually saving up and building capital for retirement. Still, people who come to succeed generally share certain character and behavioural traits. Let’s consider what can positively influence trading. Experienced and successful traders: - are well-educated in their fields - have a solid trading plan - are disciplined and patient - can control their emotions - are flexible and adaptable These qualities are essential for navigating the changing markets and finding profitable opportunities, and developing these characteristics could help you on your way. Edward Arthur Seykota: an Algorithm for Success Edward Arthur Seykota is known as a “Father of Trading Systems”. This man is a legend in the world of trading, and for good reason. Ever since beginning his career as a trader in the 1970s, he has been captivated by the concept of a mechanised system for conducting trades and performing technical analysis. Ed Seykota developed algorithms for trading and used computer programs to execute trades. The profit made by his robot used between 1972 and 1988 was over 250,000% — the assets of his client grew from $5,000 to $15 million. He has been consistently profitable in the markets for more than four decades, and his success has inspired countless traders around the world. Andy Krieger: How to Hack Forex Trading One of the best day traders is Andy Krieger, a currency trader who gained notoriety in the late 1980s for his aggressive trading strategies. He worked for Bankers Trust, and he’s best known for trades against the New Zealand dollar. His primary strategy was to bet against the NZD because he believed it would be susceptible to short-selling. Krieger enlarged his risk by combining foreign currency options with his significant trading limit, took a position, and benefited from the 1987 New York Stock Exchange crash. Andy made a profit of over $300 million for his employer in just one day. Ingeborga Mootz: A Great Female Trader Ingeborga Mootz is a woman from Germany who proved that there are no age or gender restrictions on trading. Having no relevant education or experience, she became a successful investor at the age of 75. Now she is almost 100 years old and a millionaire, and she keeps advising others on how to make money in the stock market. Ingeborga Mootz used to have a humble existence, and when she married, her husband forbade her from working. Her stock market activity began after her husband’s death when she found a thousand shares of VEBA while going through his papers. She sold the shares and made a 100% profit, and trading became her point of interest. The main area that Frau Mootz looks at is banking. Richard Dennis: How to Trade a Trend Richard Dennis inspires traders with his ingenious and innovative approach to commodities trading. Dennis was a trend trader who preferred identifying trends and making trades in their direction with increasingly high leverage, maximising profits in good scenarios. Richard was born into a poor Irish family in Chicago, and he made a name for himself trading on the Chicago Mercantile Exchange at the age of 17. Within ten years, he turned a borrowed $1,600 into an astounding $200 million through commodities trading. One of his most famous experiments involved training a group of people known as “Turtles” for just two weeks. The Turtles reportedly made an impressive cumulative profit of $175 million over five years. Bill Lipschutz: How to Learn From Mistakes and Manage Risk Bill Lipschutz began his trading career after graduating from Cornell University in the late 1970s. During this period, he managed to turn a modest investment of $12,000 into a staggering $250,000. However, there was a setback, and one bad trading decision caused him to lose his entire stake. This experience taught him a valuable lesson in risk management that he has carried through his career. In 1981, Lipschutz took a job as a currency trader at Salomon Brothers. At the time, forex trading was only growing in popularity. He quickly established himself as a very successful trader and, by 1985, was making the company more than $300 million a year in profits. He eventually became Salomon’s chief currency trader and held this position until his departure in 1990. Final Thoughts All these experienced traders who have achieved success differ from each other in biography, trading style, and strategy. The amounts they have earned are also different. It is important to remember that these are the exceptions rather than the rules, and most traders face losses while trading. However, what you can learn from them is that they possess some specific qualities such as risk management skills, emotional control, loss acceptance, discipline, and flexibility. You can develop these skills as well, and to do this, open an FXOpen account and start your journey. To boost your performance, consider using the advanced trading tools offered on our TickTrader platform. We are sure that they will be helpful for trading, learning and skill development. 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.
Education
by FXOpen
5
NZD/USD rolling over as dairy rebound soursKiwi is looking toppy after printing a shooting star last Thursday, following the bearish reversal through .62764 with two back-to-back declines before easing lower again today. With RSI (14) breaking its uptrend, bullish momentum is waning. While not confirmed by MACD, the Kiwi looks heavy on the charts. Much will be determined by the price action around .6218, a level that thwarted numerous bullish probes in 2024 up until recently. If we see the price fall below .6218 and hold there, one potential setup would be to sell the break with a tight stop above the level for protection. On the downside, minor support is located below .6200 and around .6175, although there’s nothing meaningful until .6133 where former downtrend resistance intersects with horizontal resistance at .6133. From a fundamental perspective, Kiwi remains closely correlated with dairy markets, as shown in the bottom pane with a rolling 20-day correlation with whole milk powder futures of 0.94. Dairy prices remain strongly negatively correlated with moves in the US dollar index, making the Kiwi essentially an inverse play on US dollar movements. Good luck! DS
Short
by FOREXcom