NZD/USDOn Daily,
it clearly pulling back from impulsive Bearish move for a long time. In the Rising Wedge OR it can be a reversal the previous Bullish move did't reach the previous high.
this means that it might go back down one more time.
On the lower time frame, 10Minutes, it seems, it's pulling back "Correction" . If the trend line breaks and confirms, I would consider going Bearish.
USDNZD trade ideas
NZD-USD Risky Long! Buy!
Hello,Traders!
NZD-USD made a retest
Of the horizontal support
Level 0.5687 and we are
Already seeing a local
Bullish reaction so we
Are locally bullish baised
And we will be expecting
A further bullish move up
Buy!
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Elliott Waves in NZD/USD – A Bullish Outlook 📊 NZD/USD Technical Analysis Based on Elliott Waves
The NZD/USD market is in a short- and mid-term uptrend and is currently completing its fifth Elliott wave.
📍 Key Support Level: 0.56880
✅ As long as this level holds, the price can continue its bullish movement toward 0.58000.
🔹 If this support level is broken, the Elliott wave structure may change. So, always consider risk management!
📊 What’s your view on this analysis? Do you agree with this outlook? Share your thoughts in the comments! 👇
NZDUSD Ready for a Bullish MoveHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today NZDUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDUSD OBEYING ELLIOTT WAVEThe move numbered in Red from the top of the screen is an on-going 5 Wave move that obeys Elliott Wave principles. The wave is Mathematically backed by the Fibonacci Sequence. A Zigzag formed the Wave 2 and a Flat would form the Wave 4 as shown. Though on-going, moves can be predicted using Elliott Wave from beginning to their ends. The NZDUSD is not immune to the Laws of Nature.
Potential bearish reversal?The Kiwi (NZD/USD) has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 0.5744
1st Support: 0.5693
1st Resistance: 0.5773
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$NZDUSD Trade Idea that clicked inSerie Of Higher high On 30Min, 1hour and 4 hour timeframes
Break Of Structure (BOS) of the Trendline.
I waited for my confirmation trend continuation candle on the lower time frame (30min)
I put 2 trendlines on the body of the first blue candle
Since I see that the price CLOSE higher than the trendline of the Higher Body Length, I went Long with a StopLoss at the yellow trendline (4 Hour Trendline)
Take Profit at Fibonacci Extension -127% (100pips)
That was my first confirmation, I took a second trade at my second confirmation
When the price retraced to Fib Retracement 38.6%, I adjusted SL but when I saw that it didn't break 50% but just tested it, I put another Long position. Small stop loss hunt institutions.
it was another confirmation of the uptrend (while adjusting the SL to 78.6%)
Finally, my last confirmation was my Moving averages (Blue over red signal uptrend)
I could have added other indicators but , my trade idea was already in motion with strong confirmations already
3 positions, 1 trade, 267 pips
100 pips
81 pips
86 pips
SL was 15 pips in the red so, very low downside for big upside . Opaah !
1 day and 1 hour of holding.
Kiwi D1 | Heading into swing-high resistanceThe Kiwi (NZD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5761 which is a swing-high resistance.
Stop loss is at 0.5838 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance.
Take profit is at 0.5653 which is an overlap support.
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Lingrid | NZDUSD potenatil Bullish RALLY Following FAKE BreakoutThe price perfectly fulfilled my last idea . It reached the target zone. FX:NZDUSD recently formed a false breakout of the previous weekly level and the psychological level at 0.56000. On the daily timeframe, the market has approached a demand area from which it previously surged, suggesting that we could see a pullback from this level again. We already can see a market shift in the form of higher highs and higher lows. Since we have high-impact news today, there may be selling pressure, potentially driving the price toward the psychological level below. I expect that the price to retest the area below the upward trendline. My goal is resistance zone around 0.57210
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Likely NZD/USD "Kiwi" sell set up according to the tape reading!1).Appears maxed on wave 5 and lined up for a price correction south...ABC. 2).Japanese Candlesticks are Bearish. 3). Price Momentum and Volume is dropping. 4). Banks & Hedges appear to be selling the pair. 5).The chart exhibits bearish trend lines. 6). The chart liquidity seams to be in the works of an M pattern. 7). The overall economic fundamentals have been risk-off for assets!
NZD/USD’s Expanding Triangle Upside: Targeting 0.5728 & 0.5767
NZD/USD appears to be rebounding from the lower boundary of an expanding triangle, indicating a potential bullish continuation. A sustained push above the 0.5650 “reverse level” could drive the pair toward Expect Level 1 (0.5728) and, if momentum persists, Expect Level 2 (0.5767). As long as price holds above the failed-support zone and maintains its upward structure, buyers are likely to keep control, aiming for these key Fibonacci-based targets.
Back to 0.50?The next important NZD/USD data to watch will be published tomorrow when the US publishes its initial jobless claims. Is expected to show that a forecast from 242 k to 222k, which can be positive for the dollar index.
The Fed will, therefore, maintain its hawkish view if these numbers are correct since they will signal that prices remain significantly high.
There are other inflationary risks ahead. Donald Trump has pledged to impose new and bigger tariffs from top countries. On top of this, he is deporting millions of undocumented migrants, many who work in industries like construction and agriculture.
All these factors explain why US bond yields have rocketed to the highest level in two years, with the 30-year moving to 5%.
On the other hand, the RBNZ has continued to cut interest rates, and analysts expect the trend to continue in the coming months. It slashed them from last year’s high of 5.50% to the current 4.25%. As such, the local currency has fallen as the divergence between the Fed and the RBNZ continues.
Technically, we broke a converging triangle last December, with can lead us to further decline, possibly to the monthly bullish order block at 0.49690. This will complete wave y of superior Y.