Smart money concept.i took this trade because of:
1.the 1H and 15m uptrend
2.liqudity and manipulation in 5M
3.the counter trend in 5m
5.the demand zone in 15M
NZDUSD trade ideas
NzdUsd Trade IdeaGonna be starting my week off with some NU shorts! Price is in a solid range with structures giving opportunities to execute trades. We had price open up above resistance but then price managed to dump back below into the range with bearish structures being broken. Entry for me was the retest after the break of structure. I'm personally looking for price to tap back into the support level below for a potential 1:3rr.
NZDUSD - LONG - RISKYExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
NZDUSDLooks like after grabbing some liquidity at the tentative resistance, NZDUSD is going to relax for a moment downwards.
NZDUSD POSSIBLE TRADE SETUPHey Traders,
Check this analysis out on NZDUSD, this is showing a potential for both buy and short opportunity.
So, keep a close tab on the pair something is about to make way
Trade safe.
Read The NZDUSD MarketLet's Read the NZDUSD Chart and Looking at Price Actions to Prepare for start a great Week, Good Luck With Your Trades <3
Market Analysis: NZD/USD Rebound Could Be LimitedMarket Analysis: NZD/USD Rebound Could Be Limited
NZD/USD is also correcting losses and might recover further if there is a clear move above the 0.6030 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is attempting a recovery wave above the 0.5960 resistance.
- There was a break above a major bearish trend line with resistance near 0.5980 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair also followed a similar pattern and declined from the 0.6030 zone. The New Zealand Dollar gained bearish momentum and traded below 0.6000 against the US Dollar.
The pair even dropped below the 50-hour simple moving average and tested 0.5940. A low was formed near 0.5939 and the pair is now attempting a fresh increase. It is back above the 0.5960 level and the 50-hour simple moving average.
Besides, there was a break above a major bearish trend line with resistance near 0.5980. The pair surpassed the 50% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5939 low.
On the upside, the pair is facing resistance near the 76.4% Fib retracement level of the downward move from the 0.6031 swing high to the 0.5939 low at 0.6010.
The next major resistance is near the 0.6030 level. If there is a move above 0.6030, the pair could rise toward the 0.6050 resistance. Any more gains might open the doors for a move toward the 0.6085 resistance zone.
On the downside, immediate support on the NZD/USD chart is near 0.5975. The next major support is near the 0.5960 zone. If there is a downside break below 0.5960, the pair could extend the decline toward the 0.5940 level. The next key support is near 0.5910.
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.
NZDUSD Analysis: Anticipating a Slight Bullish Bias on November NZDUSD Analysis: Anticipating a Slight Bullish Bias on November 4, 2024
Introduction
Today, November 4, 2024, the NZDUSD (New Zealand Dollar to US Dollar) pair may see a slight bullish bias, supported by various fundamental factors and current market conditions. This article provides a detailed analysis of NZDUSD, focusing on the key drivers and factors shaping the market to help traders make informed decisions. For TradingView readers, we’ve highlighted essential keywords to enhance SEO visibility, ensuring this article reaches those interested in NZDUSD forex trading.
Key Drivers Impacting NZDUSD Today
1. New Zealand's Economic Indicators
- Recent data from New Zealand suggest signs of resilience in the economy. The employment change report has shown a steady improvement, with job growth figures remaining healthy, indicating an active labor market. This positive outlook could drive investor sentiment toward the New Zealand dollar, potentially contributing to a slight bullish trend in NZDUSD.
2. US Dollar Weakness amid Mixed Economic Signals
- The US Dollar Index has experienced slight declines, attributed to recent mixed economic data from the United States. Employment numbers from the US have fallen short of expectations, indicating potential softening in the labor market. Additionally, lower-than-expected PMI data may weigh on the dollar’s strength, giving the New Zealand dollar room to appreciate against the USD.
3. Interest Rate Differential between RBNZ and the Federal Reserve
- The Reserve Bank of New Zealand (RBNZ) has maintained a more dovish approach, yet expectations remain that the RBNZ will keep rates steady. In contrast, the Federal Reserve's signals toward holding interest rates stable could lead investors to seek higher-yielding currencies, such as the New Zealand dollar, in search of better returns. This factor may support a bullish bias for NZDUSD today.
4. China's Economic Conditions and Impact on NZD
- China’s economic performance has a significant influence on the New Zealand dollar due to the trade relationship between the two countries. Recent data from China indicate modest improvements in manufacturing and industrial production, which could provide indirect support to the New Zealand dollar. As market sentiment improves around Chinese growth, demand for commodities and related currencies, such as the NZD, might see a boost.
5. Technical Analysis Points to Potential Upside
- From a technical perspective, NZDUSD is trading above its 20-day moving average, and the Relative Strength Index (RSI) indicates a near-neutral position, suggesting room for an upward move. Additionally, recent chart patterns hint at possible support near 0.5850, with resistance around 0.5950, creating a scenario where buyers may step in if support levels hold firm.
Conclusion
In conclusion, NZDUSD could see a slight bullish bias today, with factors such as New Zealand’s stable economic indicators, recent USD weakness, interest rate differentials, and China’s economic health supporting the pair. While this analysis indicates a possible upward movement, traders should remain cautious and monitor any new data releases from both New Zealand and the United States. Stay tuned to TradingView for live updates and further analysis on NZDUSD.
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1. NZDUSD forecast
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9. NZDUSD bullish trend
NZDUSD If the support of the bottom of the channel is not lostIf the support of the bottom of the channel is not lost, the upward path will continue and imaginable scenarios.
As long as it does not lose the bottom of the long-term ascending channel, it will follow the path drawn by the blue arrow in the current descending channel and the target points can be imagined for it. If it hits the bottom of the ascending channel again and loses it, the next support level is marked in the red path. The results of the US presidential election and the upcoming federal conference of the day and the decision regarding the interest rate should also be taken into account.
NZDUSD LONG IDEA On 4HR tf, we can see some exhaustion around 0.59611 as we got multiple equal lows, and price pushed up and is currently above resistance level 0.59979. Should price close the 240 candle above resistance we can start looking for long opportunities towards 0.60584.
NZDUSD LONGNZDUSD is bullish as it has made a bullish divergence and break its last lh with a strong bullish momentum. we are also bearish in dxy as it is rejected by its resistance and hopefully go bearish for atleast this week so, we are going to long the nzdusd. with sl below its last 1h low... hope this will go accordingly inshallhaa
Potential bullish rise?The kiwi (NZD/USD) is reacting off the pivot and could rise from this level to the 61.8% Fibonacci resistance.
Pivot: 0.5991
1st Support: 0.5939
1st Resistance: 0.6048
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NZD/USD Clears Resistance, Eyes Monthly PivotHello,
OANDA:NZDUSD has finally broken through the strong weekly resistance level and is now on an upward trajectory toward the monthly pivot point. However, given the overall bearish trend, caution is advised as some fluctuations are likely.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZD/USD Long D1 PullbackBuy Limit Entry @ 0.61774
S/L @ 0.58497
T/P1 @ 0.65061
T/P2 @ -----------
R.R.R. @ 1/1
Pure Price Action Trading based on Pullback of Key Levels.
NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
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 this 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 :-)
NzdusdPrice is creating LL and also took out our Demand area to the far left with this in mind we should look for sell setups and as we can see price gave us a QML sell setup which is fakeout V3 and also we have a bearish engulfing pattern as a DP
NZD-USD Will Fall! Sell!
Hello,Traders!
NZD-USD is trading in a
Downtrend and the pair
Is making a pullback
From the horizontal resistance
Of 0.6000 from where
We will be expecting a
Further move down
Sell!
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Increase the difficulty level on yourself. Often, traders like to make things a lot harder for themselves than they need to. Everyone is seeking a silver bullet, truth is "less is actually more".
Dow Theory is actually the Grandfather of technical analysis.
If you have never heard of this, or even if you have and brushed over it, you are missing out.
Some people will say things like "it's over 100 years old it can't work in today's market"
Yet, humans have changed very little in those last 100+ years. Sentiment driven by fear and greed is where the secret is hidden.
Let me explain by saying Dow theory has 6 "rules" (tenets).
1) Market Moves in Trends Markets have three types of movements: primary trends (long-term trends that last for years), secondary trends (medium-term trends that retrace parts of the primary trend), and minor trends (short-term trends that are typically noise).
You will notice I used the weekly for the larger and the daily for the second.
When I journal my trade setups; I simply use a traffic light system red lines size 4 for primary, then orange line 3 for secondary and green size 2 for the trigger phase. In addition to that, I mark the trends with 3 boxes and arrows pointing up down or sideways.
The second rule;
Each trend has three phases:
Accumulation Phase. In this phase, informed investors start buying or selling, counter to the general market opinion.
Public Participation Phase, more investors notice the trend after it is already underway, and media coverage expands, driving the trend further. (Wyckoff called this a mark-up or mark-down phase)
Excess Phase (or Distribution): At this point, speculation is rampant and detached from actual value, leading informed investors to prepare an exit.
This is where a lot of Wyckoff, Elliott and other tools such as Smart money concepts all overlap.
Then, the 3rd rule.
The market reflects all available information, such as economic conditions and sentiment. Therefore, movement in the market averages considers and reflects this information. (in simple terms, discount the news).
4) For a trend to be validated, different market averages must confirm each other. For example, the trend in the Dow Jones Industrial Average should be confirmed by the Dow Jones Transportation Average. If one index moves to a new high or low, the other should follow suit to confirm the trend.
(I like this one less, but in some instances it can make the next move very obvious.)
Rule 5) The trend is your friend, until the end. Until you see a clear change in the direction, a market shift. The trend is still in play. This one, I feel most just can't comprehend.
As you can see below, I have marked up the extreme high and low, I know both my primary and secondary trends are down. So now, I can use my EW bias or start looking for a Wyckoff schematic. (if I believe we are about to see a shift in the trend.)
You can start to look for information for areas of interest, look into volume and volume profiles.
The last rule. Confirming the trend volume expanding in the direction of the primary trend. For an uptrend, volume should increase as prices rise and decrease during corrections. In a downtrend, volume should increase as prices fall.
In this example, the Fibonacci levels line up, the volume is slowing, the EW count makes some sense and zoomed out you can see a shift.
Now, with all of this info - we could look at "areas of interest"
We are in a demand zone on the higher time frame.
At this stage, there is no trade entry, but if we were to view a change in the character we could simply take a trade as a pullback on the primary trend down.
Something like this;
You see, all you are doing is following the trend and taking a look at other tools, auction areas, fib extensions, an EW bias, and hints of a Wyckoff schematic. But under the hood, the 3 trend principle is a simple-to-follow process.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
NZDUSD Is approaching higher time frames ResistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59900 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59900 support and resistance area.
Trade safe, Joe.
Taking a big picture view of NZDUSD for the week of 04 Nov, 2024Monthly view – strongly bearish. Note that the PA of Oct recovered almost all the entire bullish gains of the preceding 2 months.
Weekly view - price has been ranging, this range is well defined and we still have room to the downside.
Daily view – The trend is clearly bearish, price well below the 200dma indicating a bearish bias.
H4 view - H4 view – For the most part, the 200sma has been holding price below it. I can see a 2.3R short trade. Stop should be a few pips above the most recent high (0.6000) while target can be a few pips above the recent low (0.5852).
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
NZDUSD - INTRADAY IDEAThis NZDUSD chart is according to M15.
Execute the price at the exact price mentioned, NO FOMO.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
NZD_USD BEARISH BIAS|SHORT|
✅NZD_USD is going down
From the horizontal resistance
Of 0.6000 while trading in a
Downtrend so we are
Bearish biased and we will be
Expecting a further move down
SHORT🔥
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NZDUSD BUYNZDUSD with and inverse head and shoulders pattern at the end of this bullish reversal pattern. Allow price to fall to local support 0.5959. Price should target resistance at 0.63 and beyond.
