USDNZD trade ideas
Bullish bounce off 50% Fibonacci support?NZD/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5648
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Stop loss: 0.5584
Why we like it:
There is a pullback support that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.5722
Why we like it:
There is a pullback resistance level.
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NZDUSD - LongTerm + MidTerm forecast, Technical AnalysisMonthly TimeFrame:
Weekly TimeFrame:
LongTerm forecast (Monthly Timeframe):
Price is in a Downtrend, But 0.5470 is a Major support.
Considering that this support line has not been broken since 2009, there is a high probability that the price will be rejected and a long-term upward trend will be formed.
But this process will also take years.
MidTerm forecast (Daily Timeframe):
0.57992 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach MidTerm targets.
Beginning of entry zone (0.5540)
Ending of entry zone (0.5470)
Take Profits:
0.5664
0.5750
0.5799
0.5863
0.5916
0.6036
0.6118
0.6259
0.6368
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NZDUSD - 23 Jan 2025 SetupNZDUSD Market structure are now on a Bullish mode. Spotted demand area (Green Rectangle). its the first demand area after the price breaking bearish structure.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
NZDUSD Will Go Higher! Buy!
Please, check our technical outlook for NZDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.571.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.580 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDUSD LONGNZDUSD has been in a downtrend for quite some time, price then failed to create a lower low which is an indication of possible change in trend. Currently price as broken passed a resistance level with multiple touches thereby creating an higher high. On the look out for pull back into fib levels and bullish reversal candle stick pattern for entry.
Risk is 0.5% of my account.
NZDUSD - DOUBLE BREAKOUT TO THE UPSIDE.Pair has broken out of pattern(s) and this comes with a strong momentum. Would likely see a strong push up to 0.5800 level (over a 100pips) in the coming days with other targets in view. But first level 0.57370 looks more certain intraday and "maybe" offer some resistance. We have the fib. retracement level 0.236 and megaphone upper trendline as obstacle. Would it pullback to resistance now turned support? Not sure, but would Long scalp at any given opportunity.
NZD-USD Bullish Breakout! Buy!
Hello,Traders!
NZD-USD was trading
Beneath the falling resistance
Line but now we are seeing a
Bullish breakout so we are
Now locally bullish biased
And we will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
NZD Possible Daily Future Formation?Now this may just be a big rationalization but i am curious to know what your guys thoughts are on this possible pattern.
With the dollars strong NFP data earlier today extending the price lower, the dollar also hit a large untested resistance on the daily timeframe. i am wondering if this could be a very sideways H&S in the event that the dollar rejects that daily level. The large buyside liquidity draws in the middle of structure also make me believe there could be a retracement to the upside on NZD.
This isnt a TP or SL idea, i am looking for the opinion of other fellow traders and what they may think the price action could be in the coming week.
Feedback is greatly appreciated. Kind feedback of course, Tradingview minds and ideas have turned into a battle ground over who is a moron for their idea and who is not lol.
If i am incorrect ill be waiting for that red bearish candle to blow through my computer screen and desk to then hit my toes. Lmk.
potential buy idea NZDUSDA potential buying opportunity is emerging as the price breaks out of a descending trendline, fueled by a successful test of daily support and a bullish divergence on the 4-hour chart. The price has been creating higher highs, indicating a shift in momentum.
Key levels to watch:
1. Retest of the broken trendline for a potential long entry.
2. Break and retest of the 4-hour order block above, offering a secondary buying opportunity.
PS: This analysis is for educational purposes only and should not be considered financial advice. Always practice good risk management.
NZDUSDThis is a technical analysis chart for the NZD/USD currency pair on a 30-minute timeframe. Here's a breakdown of what is happening:
Descending Channel: The price has been moving within a downward-sloping channel, indicated by the two blue trendlines. These trendlines show lower highs and lower lows, suggesting a short-term bearish trend.
Breakout Potential: The price has recently moved above the upper boundary of the descending channel. This breakout could indicate a shift in momentum from bearish to bullish.
Resistance Levels:
0.56845: A horizontal blue line marks a key resistance level that the price might test.
0.56890: Another resistance level just above, which is also marked as "High" on the chart.
Arrow Suggestion: The upward arrow suggests that the price might continue moving higher, targeting the 0.56845 resistance level as the next potential price point.
Current Price: The price is at 0.56666, with a bid/ask spread of 0.56668/0.56671.
Conclusion: The chart is signaling a potential bullish move following the breakout. If the price sustains above the channel and gains momentum, it could reach the resistance levels marked. However, traders may wait for confirmation of the breakout to avoid false signals.
NZD/USD, sell, 8hEntry: Current Market Price
take: 0.55910
stop loss: 0.57417
NZD/USD is currently trading within a resistance zone. With bearish pressure building, we expect a move downward toward the target level, while the stop loss is set above the resistance to manage risk effectively.
SELL 🔥
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