Potential BullsAs it seems, it's like the market is on wave 4 of a smaller degree in a bullish momentum, we think that after the correction we'll proceed to the upside. That's our opinion as for now with the KIWI pair.
NZDUSD trade ideas
long opportunitiesThis is a trade where I’m staying patient, and the COT numbers are particularly interesting.
Speculators' behavior has driven prices bearish, and while the sentiment remains predominantly short, we could see a relief rally from those heavy shorts in the coming weeks, or potentially sooner.
It will be very telling to see what the COT report shows by Friday. If we observe a significant reduction in shorts, I believe we could see prices push higher next week.
I’ll be looking for an entry at a key support zone formed on the daily or weekly chart.
NZDUSD: Initiation of a Correction phase!Welcome back! Let me know your thoughts in the comments!
** NZDUSD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDUSD A Fall Expected! SELL!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.5888 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5850
Recommended Stop Loss - 0.5909
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDUSD Long Trade SetupThe pair failed to break lower and continue below 0.5835. I think we're headed for a switch here and price maybe preparing to retrace higher to retest old levels.
Entry: 0.5885
Stop : 0.5835
Targets: 0.5989 & 0.6066
NZDUSD Potential Up correction from crossing of supportsNZDUSD recently showed a false breakout below its previous support and has reached a demand zone on the daily timeframe, suggesting a potential pullback. On the 4H chart, bullish divergence at the support level supports the likelihood of a retracement. The price may move higher to retest the resistance zone around 0.5880, which has been tested multiple times. This setup indicates a potential for a short-term recovery
NZD/USD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on NZD/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.579.
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NZD/USD Possible Bullish Recovery NZD/USD currently sitting at a strong Weekly support area with strong Bullish momentum, on the 4H we are likely to see a retracement in price to fill the imbalance created after the impulsive move to the upside, we may also wait for a strong break of structure on as well on the 4H to give us more confluence for a reversal.
Potential bullish bounce for the Kiwi?The price is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.5862
1st Support: 0.5816
1st Resistance: 0.5937
Risk Warning:
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Disclaimer:
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NZDUSD Daily Analysis: Slight Bullish Bias Expected.NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Positive New Zealand Data and Weak U.S. Dollar 28/11/2024
Introduction
The NZDUSD pair is likely to maintain a slight bullish bias today as strong fundamentals from New Zealand and continued pressure on the U.S. dollar support the New Zealand dollar (NZD). Improved risk sentiment and rising commodity prices further enhance the outlook for the kiwi. This article explores the key drivers influencing NZDUSD today and provides insights for traders.
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Key Drivers Influencing NZDUSD
1. Resilient New Zealand Economic Performance
New Zealand’s recent economic indicators, including steady retail sales growth and robust dairy export performance, continue to support the kiwi. The nation’s economic resilience bolsters investor confidence in the NZD against the greenback.
2. U.S. Dollar Weakness
The U.S. dollar (USD) remains under pressure as the Federal Reserve’s dovish tone dominates market sentiment. Weak economic data from the U.S., such as declining consumer confidence and softer inflation, reduces demand for the greenback.
3. Rising Commodity Prices
As a commodity-linked currency, the NZD benefits from rising global commodity prices. Positive momentum in agricultural and dairy prices strengthens the kiwi, further supporting the pair’s bullish outlook.
4. Improved Global Risk Sentiment
Global financial markets are seeing reduced volatility, and risk appetite is improving. This trend favors higher-yielding and risk-sensitive currencies like the NZD, providing additional upward momentum for NZDUSD.
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Technical Analysis
Moving Averages and RSI
NZDUSD is trading above its 50-day moving average, suggesting continued bullish momentum. The Relative Strength Index (RSI) is in neutral territory but trending upward, indicating room for further gains.
MACD and Key Levels
The MACD indicator remains positive, reinforcing the bullish outlook. Key resistance is located at 0.6390, with immediate support at 0.6300. A breakout above resistance could push the pair toward 0.6450 in the near term.
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Conclusion
NZDUSD is positioned for a slight bullish bias today, supported by strong fundamentals in New Zealand, weakness in the U.S. dollar, and favorable global conditions. Traders should monitor key levels and remain attentive to potential changes in sentiment or economic data releases that could impact the pair’s trajectory.
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NZDUSD Potential UpmoveHi.
Descending chanel breakout and HTF Double bottom.
After a period of strong selling pressure maybe its time for some bullish movement.
We see the first signs but wait for some LTF Correction and break out
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, NZUDSD is trading in a downtrend and currently is in a correction phae in which it is approaching the trend at 0.59600 support and resistance area.
Trade safe, Joe.
NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP )🟢 Pair Name :NZD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long )
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Bullish Reversal
0.58900 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Major Choch zone
- Quarter low
Bearish Reversal
0.60500 Area
Reasons
- Major Turn level
- Visible range Hvn
- Trend Contnuation
- Fibo Golden / Choch
- P / Quarter low Break
NZDUSD - Bullish ReversalFollowing are the factors for Bullish Reversal:
1. TREND: Bearish -1
2. DIVERGENCE: Bullish +1
Sentiments 91% Long
NZDUSD: Bears Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDUSD pair which is likely to be pushed down by the bears so we will sell!
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NZDUSD: Weekly Support and Bullish Divergence on 4-Hour ChartNZDUSD is currently finding support at a key weekly level and has formed a bullish divergence on the 4-hour chart. This setup suggests potential upward momentum.
NZDUSD Forecast for TodayBearish Outlook.
NZDUSD prices are expected to decline today, driven by a strengthening US dollar and decreasing investor appetite for riskier assets. The currency pair is likely to be pressured by the ongoing economic uncertainty and declining trade balances.
Technical Analysis.
On the technical front, NZDUSD is trading below the 50-day moving average, indicating a bearish trend. The Relative Strength Index (RSI) is also pointing to overbought conditions, suggesting a potential decline.
SNR.
Key support level for NZDUSD is at 0.58113, while key resistance level is at 0.59130.
Trading Strategy.
Based on our analysis, we recommend a short position in NZDUSD, targeting a move towards 0.58113. However, traders should be cautious of potential bounces and adjust their strategies accordingly.
BEST WISHES TOM 😎
Nzdusd buyCoool entry
H4 inner week trend broken clearly
Now u can enter into buy without any doubt
Just stuck with my analysis, u will nerve gonna be lose
NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid.NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Positive New Zealand Economic Indicators and Weak U.S. Dollar 27/11/2024
Introduction
The NZDUSD pair is expected to exhibit a slight bullish bias today, driven by robust economic conditions in New Zealand and continued weakness in the U.S. dollar. Favorable commodity prices and improving global risk appetite further bolster the case for the New Zealand dollar’s strength against the greenback. This article explores the fundamental and technical factors contributing to today’s NZDUSD outlook.
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Key Drivers Influencing NZDUSD
1. Strong New Zealand Economic Data
Recent economic releases from New Zealand, including steady business confidence and resilient trade figures, support the New Zealand dollar (NZD). The agricultural export sector, particularly dairy, continues to perform well, providing a solid base for the kiwi dollar.
2. Weakening U.S. Dollar
The U.S. dollar (USD) faces sustained pressure as dovish Federal Reserve expectations dominate market sentiment. Soft economic data from the U.S., including declining consumer spending and slowing inflation, reduce demand for the greenback.
3. Commodity Price Momentum
As a commodity-linked currency, the New Zealand dollar benefits from rising global commodity prices. Positive trends in dairy and agricultural products further enhance NZD’s attractiveness.
4. Improved Risk Sentiment
Global markets are showing signs of stabilization, with diminishing concerns about geopolitical tensions and economic slowdowns. This improved risk appetite boosts demand for higher-yielding and risk-sensitive currencies like the NZD.
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Technical Analysis
Moving Averages and RSI
NZDUSD is trading above its 50-day moving average, reinforcing the bullish sentiment. The Relative Strength Index (RSI) indicates upward momentum but remains below overbought territory, suggesting further room for gains.
MACD and Key Levels
The MACD indicator remains in positive territory, showing continued bullish momentum. Key resistance is situated at 0.6370, while support lies at 0.6280. A breakout above resistance could see the pair targeting higher levels near 0.6450.
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Conclusion
The NZDUSD pair is positioned for a slight bullish bias today, supported by strong fundamentals from New Zealand, a weaker U.S. dollar, and favorable commodity price trends. Traders should watch for any shifts in global market sentiment or unexpected data releases that may influence short-term price movements.
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NZDUSDOANDA:NZDUSD Trade Idea: Bullish Bias
Summary:
This setup suggests a bullish outlook for NZDUSD, driven primarily by seasonal and COT factors, while considering slightly opposing exogenous influences favoring USD.
Key Points:
Seasonality: NZD shows bullish momentum from Nov 25 to Dec 11, while USD has bearish seasonality from Nov 23 to Dec 6, giving an edge to NZD.
Commitment of Traders (COT): Both NZD and USD are near their bottoms, with overall positioning supporting a buy bias for NZDUSD.
Exogenous Factors:
Balance of Payments (BOP): Both NZD and USD are positive, resulting in a neutral impact.
GDP Growth Differential: The differential between NZD and USD GDP growth is improving, favoring NZD.
Stocks: NZD shows negative performance in stocks, while USD is positive, a slight negative for NZDUSD.
Interest Rates (IR): Declining rates negatively impact both currencies, but the effect is neutralized as both are reducing at the same pace.
Conditional Scoring:
Positive Factors: NZD: 9, USD: 11
Negative Factors: NZD: 4, USD: 13. (Buy bias).
Technical Context:
Seasonals and COT data align strongly with NZD strength, while exogenous factors slightly favor USD.
Trade Bias:
Buy NZDUSD as seasonal and sentiment factors strongly favor NZD despite minor exogenous opposition from USD.
Risk Disclaimer: Ensure proper risk management while entering this trade.
NZDUSD - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher. Also price swept 1W key liquidity, so the probability for some bullish move higher.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of strength) on key liquidity level with GAP, so there is a higher probability to see price higher at least on opposite level (marked higher).
Your success is determined solely by your ability to consistently follow the same principles.
