Update levels on NZDUSD scenario 11.12.24In this market I added levels and in general I partly reworked the entire analysis so far it looks like looking for SFP if the market finds it then it is likely that it will rebound and it will depend on how the market maintains the support if the price breaks through it then there is a long set option up if he keeps it then a short set up is quite possible.
NZDUSD trade ideas
nzdusd buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZD/USD "The Kiwi" Forex Market Heist Plan on BullishHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist NZD/USD "The Kiwi" Forex Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Target 🎯 : 0.59600
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BULLISH NZDUSD PREPARING FOR FLASH PMI TOMMOROW From a technical standpoint, The NZDUSD remains firmly entrenched in a bearish trend. The pair is nearing critical support at the 0.5740 level which is seems ti have been breached and could possibly pave a further decline. The NZD/USD pair extended it's downward trajectory on Friday thereby retesting very interersting zones that helped me come up with this analysis. The sustained weakens in the NZDUSD reflects a combination of factors including a dovish stance by the Reserve bank of NZ persistant concerns over China's economuc recovery and robust USD supported by shifting federal reserve monetary policy expectations. This particular analysis I'm cutting corners looking for bullish sentiments based on tomorrows PMI DATA. The NZDUSD pair has been left at the mercy of a broader market sentiment and traders appear reluctant to take aggressive positions ahead of the upcoming FOMC meeting this week. The meeting is expected to provide further insight into Fed's policy outlook and could potentially influence the pair's trajectory in the near term hence the bullish outlook I'm looking to get inside buy positions
Trade recommendation
BUY NZDUSD
SL 0.575336
TP 1 - 0.577769
TP 2 - 0.578698
TP 3 - 0.579761
Let’s Get Kiwi with It: Time to Long NZD/USD!remember that trading is like a box of chocolates, you never know what you're gonna get. So, let's dive in:
Interest Rate Differentials: The Reserve Bank of New Zealand (RBNZ) and the US Federal Reserve may have different stances on interest rates. If the RBNZ is expected to raise interest rates or the US Federal Reserve is expected to lower them, this could lead to an appreciation of the NZD/USD pair. It's like a seesaw, when one goes up, the other goes down. Unless it's broken, then you're just sitting on the ground.
Economic Indicators: Economic indicators such as GDP growth, unemployment rate, inflation, and consumer sentiment can influence the exchange rate. If the New Zealand economy is expected to perform better than the US economy, this could lead to an appreciation of the NZD/USD pair. It's like a race, and right now, the Kiwi bird might just be wearing the running shoes.
Commodity Prices: New Zealand is a major exporter of commodities, especially dairy products. If milk prices are expected to rise, this could lead to an appreciation of the New Zealand dollar. So, if you see a cow, thank it for potentially boosting your profits.
Political Risks: Political events and policy changes can influence exchange rates. If there are political risks in the US that are expected to negatively impact the US economy or if there are positive political developments in New Zealand, this could lead to an appreciation of the NZD/USD pair. Politics, am I right? It's like a soap opera but with potentially more drama.
Market Sentiment: Market sentiment can influence exchange rates. If traders are bullish on the New Zealand dollar or bearish on the US dollar, this could lead to an appreciation of the NZD/USD pair. Remember, the market is like a party. You want to join when everyone is having fun, not when everyone is leaving.
Technical Analysis: The NZD/USD pair may be at a key support level, and a reversal pattern may be forming. If the pair breaks above this level, it could signal a move upwards. It's like reading tea leaves, but instead of predicting your future love life, you're predicting currency movements.
Remember, these are potential reasons and the actual movement of the NZD/USD pair will depend on a variety of factors. It's important to conduct thorough research and consider the potential risks before making a trading decision.
NZDUSD Hits 1-Year LowHello,
OANDA:NZDUSD has experienced further downside, reaching a new 1-year low of 0.575375. An upward move is expected, contingent on confirmation at key pivot points. Nevertheless, a break and close below the 1-day strong support level at 0.573881 could precede further downside before a potential reversal.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZD/USD Bears Remain in ControlSince early October, sellers have largely taken control of the NZD/USD (New Zealand versus the US dollar) and sent price to lows not seen since late 2022, with limited pullbacks seen. Overall, the currency pair is down nearly 10% from October highs.
Ichimoku Resistance Supporting Sell-On-Rally Setups
What is technically important to recognise is that the current downtrend remains supported by the area formed between the Ichimoku’s Conversion Line (blue at US$0.5830) and Base Line (red at US$0.5892). Consequently, as long as the pair continues to explore lower levels, any pullback will likely prompt traders to closely monitor price action for signs of bearish intent from within the aforementioned area.
Adding to the bearish outlook for the NZD/USD, in addition to the 200-day simple moving average (US$0.6050) rotating lower, and price crossing south of the line in early October, it is clear that the Ichimoku’s Leading Span A (light green at US$0.5861) crossed below the Leading Span B (light orange at US$0.6012). This provides a bearish signal and helps establish another resistance area that investors will watch closely should a deeper pullback come to fruition: the Ichimoku Cloud.
Price Direction?
With the downtrend clear, should a pullback to resistance at US$0.5816 materialise – which, at that point, will likely line up with the resistance area between the Ichimoku’s Conversion/Base Lines – this could be an area that sellers are drawn to.
NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 0.592 level area with our long trade on NZD/USD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.57800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.57800 support and resistance area.
Trade safe, Joe.
Weekly CLS range, HTF - Old low, Breaker , Model 1Weekly CLS range, HTF - Old low, Breaker, Model 1
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps you become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
POSSIBLE BULLISH SET UP ON NZDUSDNZDUSD is reacting on weekly support level , has rejected for the first time and it is coming back to test the support for the second time to give us "W" pattern known as double bottom. Another confluence spotted is the break of 4hr trend line and it is having its way back to retest the trend line and the support level at same area. lets patiently wait for the touch and our bull candle confirmation to take the buys.