NZD/USD For Bullishyou can go long now
or
wait for correction wave at entry point and go long
- General Trend is Up Trend
- Price break current resistance at red arrow and may be back for retest it
have fun :)
USDNZD trade ideas
NZD/USD: Watch for Key Levels as Uptrend Faces ResistanceNZD/USD is in a strong uptrend but is currently slightly overbought. The NZD/USD pair could potentially rise again within the 0.6219 to 0.6255 range, as the risk-to-reward ratio favors the upside in this range. If the price indeed turns higher, it might reach this morning's high of 0.6297, followed by 0.6340. However, a drop below 0.6219 could trigger profit-taking, driving the price down to 0.6192.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Probability-Driven NZDUSD Long: 54% Chance of Reaching TargetI'm sharing a bullish trade idea for NZDUSD, supported by several key fundamentals. The U.S. dollar is weakening due to expectations of interest rate cuts by the Federal Reserve, which is beneficial for the New Zealand dollar.
Additionally, New Zealand's economy is showing resilience, especially with favorable trade balance data and stable commodity prices, particularly in dairy exports.
To find the best entry points for my long positions, I will use my X1X2 strategy, which focuses on identifying high-probability trade setups. This strategy involves analyzing recent price swings where the probability of a successful trade is over 54%.
12M:
1W:
6H:
Short-term 6H is holding bullish, aligning with our 1W bias.
NZDUSD has formed an insidebar breakoutOn the daily chart, NZDUSD formed an insidebar breakout, and short-term bulls have the upper hand. The current upside target is around 0.6370, and the upper resistance after the breakout is around 0.6410. The intraday support can be around 0.6280, and buying can be considered if it falls back to this position.
nzdusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Long trade
Entry Level: 0.62482
Profit Level: 0.63339 (1.37% above entry)
Stop Level: 0.62346 (0.22% below entry)
Risk-Reward (RR) Ratio: 6.37
This setup suggests a bullish trade with a target gain of 1.37% and a stop loss set at 0.22% below the entry, offering a favourable risk-reward ratio of 6.37.
NZDUSD forecast with possible targets I will go long only if sustain above previous swing high . I will short below .6238 for targets mentioned in chart
Thanks
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6235 will confirm the bullish momentum.
The measured move target is 0.6275.
We look to Buy at 0.6220 (stop at 0.6200)
Our profit targets will be 0.6270 and 0.6275
Resistance: 0.6250 / 0.6270 / 0.6275
Support: 0.6225 / 0.6220 / 0.6210
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSDNZDUSD have some potential for upside with target at 0.63.
All setup on chart.
Traders should not use my plans as signals; they are meant to share my market perspective based on price reactions to key levels. Relying on others' signals limits your learning and causes insecurity. Instead, use my plans to enhance your strategy. Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell. Learning from others is important, but copying them won't make you a professional. Developing your own strategy and critical analysis skills is crucial for long-term success. Always trust your judgment and focus on continuous learning to improve your skills.
Your trading is your responsibility. Choose a good risk management.
Massive triangle forming in NZDUSDPrice action has been building this triangle pattern for quite a long time now, starting its formation back in late 2022. Assuming price doesn't break out prematurely, it appears the trend is timing its setup to break free early next year, perhaps around the time of the US presidential inauguration?
At price's current point, I am looking for a long setup, as both the weekly candle appears to be respecting the bottom trendline of the triangle with a convincing rejection, and the fact that RSI is showing way oversold conditions on the daily timeframe.
NZDUSD-BearishBearish Divergence on RSI appeared on 4 hr time frame. further breakout of rising vedge also supports bearish movement. if breakout of rosing vedge sustains, then it is expected that price of the instrument may go down.
$NZDUSD | Sell Trade | Market Exec |Technical Confluences:
Price action is in Overbought conditions for Daily and Weekly Timeframe
Price bounced off the 38% Fibo retracement
Price is also rejecting the Resistance trendline
Price action also reversed away from an Interest Zone
Fundamental Confluences:
With all other Central Banks in the DM space wanting to cut rates, it negates off the yield premium that NZD would be getting against USD
Market is consolidating after all the USD sell-off and profit-taking mood is here now
-----
Took a short position here targeting the 38% Fibo extension level while will look to cut above the Interest Zone. Risk/Reward ratio is at 2.41.
Price should not break above the Resistance trendline to affirm the recent price has topped out.
-----
Mid-term SellIn the price breaking the mid-term trend channel on H1, we expect a pullback to the 38.2% Fibonacci retracement level. The rise in the DXY also supports this expectation.
NZD/USD POTENTIAL UP ?
Hello everyone, I'm here to share my views on NZD/USD. Please note that this is purely my personal opinion.
As observed from last week's candlestick data, NZD/USD managed to rise from a low of 0.60464 to a high of around 0.62365.
From last week's close, NZD/USD has dropped to 0.61942. It is now around 0.62253 and has the potential UP TO 0.62619 - 0.63034
Feel free to share your thoughts on my view, and I apologize if my English isn't perfect as I used a translation tool.
Double Bottom LongGood day traders, i know it has been a while since i published any ideas but i am back now. Lets get into it, so on the idea above we clearly see that NZDUSD has been strongly bullish for the past few weeks and it formed what we can agree to be a Double Bottom formation on Support level(0.58945-0.58575) and i believe price is heading for Resistance(0.63366-0.64094). It is up to you to figure out how it is going to go about getting to this resistance, meaning find entries that accommodate your accounts. Thank you
Higher time frame breakdown of nzdusdHey guys,
looking at higher time frame breakdown of a complex corrective pattern - high likelihood of this playing out as drawn on chart #nzdusd
NZDUSD: Potential Range Trading OpportunityNZDUSD: Potential Range Trading Opportunity
The price shows the possibility that a Potential Range Trading Opportunity could develop.
This pattern could push the price back down even though we are in an uptrend.
It's a risky, but everything has to be corrected at some point.
1-) As long as the price develops below 0.6235 it should move down again.
2-) If the price moves above 0.6235 then the bullish trend may resume again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDUSDNZDUSD is in reversal mode.
Bearish divergence also shown in RSI.
Double Top reversal pattern also form .
Market sentiment is also very bearish .
We wait and watch for the breakout of Double top reversal pattern Neckline.
NZDUSD: Very Bullish Pattern 🇳🇿🇺🇸
NZDUSD formed a bullish flag pattern on an hourly time frame
after a recent strong bullish movement.
The breakout of the resistance of the flag is a strong bullish signal.
It signifies a highly probable bullish trend continuation.
The price may reach 0.6235 / 0.6245 levels soon.
❤️Please, support my work with like, thank you!❤️
NZD/USD Bullish BreakoutThe NZD/USD chart shows a bullish breakout above 0.6200, turning it into support. The target is the 0.6330-0.6350 resistance zone. A potential long trade with entry near 0.6200, a stop-loss below this level, and take-profit around 0.6350 is suggested, capitalizing on the upward momentum.
NZDUSDDouble Bottom pattern formed on NZDUSD weekly chart, might show some retracement to fulfil the principle of Double Bottom before going further.
NZDUSD - Bullish Trend S2The trend is looking good with no divergence. The indices are opposite and we will buy it instantly. The trade levels are set!
