NZDUSD LONGI have observed an inverted H&S pattern for NU on the daily and weekly time frame. We are also at the .236 FIB retracement. May be a good entry for reversal.
USDNZD trade ideas
Kiwi H1 | Downward trend to extend further?The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5978 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.5998 which is a level that sits above the 23.6% Fibonacci retracement level and a swing-high resistance.
Take profit is at 0.5914 which is a swing-low support.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Bearish drop?NZD/USD is rising towards the resistance level which is an overlap resistance that is slightly below the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5986
Why we like it:
There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 0.5913|
Why we like it:
There is a pullback support level.
Take profit: 0.6024
Why we like it:
There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement.
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NZD/USD 4 Entries + 500 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NzdUsd Trade IdeaNU is an extremely bearish pair. Price has been creating LH and LLs on all time frames. I wanted to see price pullback to the last LL created and that's exactly what happened. Entry for me was a shift of structure after the pullback to confirm our push to the downside. Entry was after a bearish candle closed on the 15m with the 1hr also going bearish. Personally looking for a 1:3rr on this set up. We'll see what happens.
NzdUsd Trade UpdateLast night I posted a NU trade Idea and explained my reasoning for going short on the pair. Price ended up playing out BEAUTIFULLY. I did see price come back up to entry but at that point I knew price was still overall bearish since those bearish structures were still being respected. Once price dumped again I managed to move my stops into profit. NU managed to dump straight towards my target where I then decided to close just a few pips short from TP. Solid set up and risk to reward as always!
NZDUSD Bullish Bias on October 29, 2024: Fundamental Analysis !Overview: NZDUSD Daily Analysis with Slight Bullish Bias on 29/10/2024
As of October 29, 2024, the NZDUSD (New Zealand Dollar to US Dollar) currency pair shows a slight bullish bias. This outlook is driven by a combination of factors, including recent economic data releases, interest rate expectations, and external influences on both the New Zealand and U.S. economies. In this analysis, we'll look at the critical fundamental drivers affecting NZDUSD today and explore why a bullish trend could be more favorable.
Key Drivers for NZDUSD Bullish Bias
1. Strong New Zealand Economic Indicators
- Recent data releases from New Zealand have shown resilience in GDP growth, robust employment numbers, and strong retail sales figures. These economic indicators collectively suggest that the New Zealand economy is maintaining a steady recovery trajectory.
- The Reserve Bank of New Zealand (RBNZ) has emphasized stability in its interest rate policies, which lends some support to the NZD in the near term, especially as the markets anticipate other global currencies might experience higher volatility.
2. Dovish Tone from the Federal Reserve
- The Federal Reserve's current stance has been notably cautious. Although inflation has shown signs of moderation, the Fed is maintaining a watchful approach toward interest rate hikes, which has softened USD demand.
- With Federal Reserve members expressing concerns over slower growth, the likelihood of further rate increases seems limited, which could weigh on the U.S. Dollar’s strength, creating favorable conditions for NZDUSD.
3. Market Sentiment and Risk Appetite
- Risk sentiment remains an influential factor for NZDUSD, as the New Zealand Dollar is often viewed as a “risk currency.” Recently, global markets have seen heightened interest in risk assets as investors seek higher returns, which typically benefits the NZD.
- Stock market trends also point to a cautious risk-on sentiment today, supporting currencies like the New Zealand Dollar over safe havens, including the USD.
4. Commodity Prices and the Impact on NZDUSD
- As a commodity-linked currency, the New Zealand Dollar often correlates with commodity prices. The slight uptick in dairy prices—a primary export for New Zealand—has bolstered the currency, offering additional support against the USD.
Technical Factors Supporting NZDUSD
On the technical front, NZDUSD is showing strong support levels around the 0.5900 mark, with a potential resistance near 0.6050. This support-resistance band aligns with current market sentiment, allowing room for potential upside movement. A breakout above the resistance level could confirm the bullish bias and potentially attract more buyers.
Conclusion: Why Today’s Market Conditions Favor NZDUSD
The current market conditions and fundamental indicators suggest that NZDUSD may see a slight bullish bias throughout October 29, 2024. New Zealand's strong economic outlook, combined with the Fed’s cautious tone and positive risk sentiment, all contribute to a favorable environment for the New Zealand Dollar. However, traders should monitor any breaking news that could shift market sentiment and potentially affect NZDUSD.
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9. October 2024 NZDUSD
Kiwi H4 | Rising into overlap resistanceThe Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5990 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6047 which is a level that sits above the 50.0% Fibonacci retracement level and a swing-high resistance.
Take profit is at 0.5913 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SELL NZDUSD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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NZDUSD ChartTrend Bearish
Divergence Bullish
Bullish Reversal Pattern
Sentiments Also Bullish
Trade Plan After confirmation of Trend Reversal.
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5975 will confirm the bearish momentum.
The measured move target is 0.5925.
We look to Sell at 0.6000 (stop at 0.6020)
Our profit targets will be 0.5950 and 0.5925
Resistance: 0.6000 / 0.6025 / 0.6035
Support: 0.5950 / 0.5930 / 0.5925
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.
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Key Levels to Watch for NZDUSD Long EntryHello,
OANDA:NZDUSD pair is approaching its 1-year strong support level at 0.589779. Although there's still some ground to cover, this level remains a potential test point. A possible turnaround could occur around 0.597577 if support holds. Following that, key levels to watch are 0.595883-0.591643, with the final support at the 1-year low. Monitoring these levels closely may reveal an optimal entry point for a long position.
TradeWithTheTrend3344
NZD/USD 3 Entries + 350 Pips 0 Drawdown , Fourth Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDUSD BULLS ARE IN POWER NOWThe last candle which is a pin bar is very important for this whole setup, Bulls are gaining strength against bears at the support level. As a downfall candle is changed into a pin bar which indicates that the Bulls are assembled now and want to take the market up to the next resistance area.
NZDUSD is in a long position.As you can see, it has reached the bottom of the channel and I expect a positive reaction from it. The loss limit can be set at the bottom of the channel. Currently, it is the best position to buy.
SasanSeifi| NZD/USD,4-Hour Hey there, ✌ In the short-term 4-hour timeframe, we’ve observed a bearish trend starting from the 0.63700 price range. The recent breakdown below the 0.62500 level has pushed the price down to the 0.62000 zone, showing some corrective movement.
Currently, the price is trading around 0.62000.my short-term outlook leans toward further downside towards targets at 0.61700 and the demand zone below.
However, if we see signs of weakening momentum around 0.62000, there is a possibility that the market could enter a ranging phase. In such a scenario, potential pullbacks could bring the price up to levels of 0.62350, 0.62500, and 0.62750 as a corrective move before resuming the bearish trend.
To better understand the market's direction, it’s crucial to monitor price reactions in these zones.
Alternative Scenario: Price Correction Another scenario to consider is continued price correction. In this case, we expect the price to make a corrective move towards our targets. If the market enters a range and confirms the price action, we could then see positive fluctuations from the specified targets and the demand zone.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
NZD/USD Analysis for October 28, 2024: Slight Bullish Bias Amid NZD/USD Analysis for October 28, 2024: Slight Bullish Bias Amid Mixed Economic Signals
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Introduction
The NZD/USD currency pair shows signs of a slight bullish bias today, October 28, 2024, with underlying fundamental and technical factors driving the sentiment. We’ll analyze key drivers impacting the New Zealand Dollar and the US Dollar and explain why these elements may be positioning NZD/USD for potential upward momentum.
Key Drivers of Bullish Bias in NZD/USD
1. New Zealand Economic Data
- Recent economic releases out of New Zealand have provided some strength to the Kiwi dollar. Last week’s inflation rate showed resilience, slightly beating forecasts and giving the Reserve Bank of New Zealand (RBNZ) room to maintain a balanced policy stance.
- New Zealand’s Trade Balance, also recently reported, showed minor improvements, supporting the notion of a stable economic environment. This data can be a short-term positive factor for the NZD against a backdrop of uncertain global growth conditions.
2. US Dollar Weakness Amid Interest Rate Concerns
- The USD has faced challenges amid mixed economic data in the United States. As investors await the Federal Reserve’s upcoming policy statement, speculation about the potential halt or slowdown of rate hikes could add pressure on the USD.
- Recent softening in US consumer confidence and labor market data raises expectations that the Fed may take a more dovish approach, which may weaken the USD and offer NZD/USD pair some bullish support.
3. Global Sentiment and Risk Appetite
- The current global risk sentiment also influences the NZD, a traditionally risk-sensitive currency. With global markets showing resilience and stocks rebounding, there is a slight increase in demand for riskier assets, such as the NZD. Should this risk-on sentiment continue, NZD/USD could benefit from increased interest in the Kiwi.
- Commodity prices, particularly dairy—New Zealand’s largest export—have remained relatively stable, offering support to the Kiwi and enhancing its attractiveness in the current environment.
4. Technical Analysis: Support and Resistance Levels
- Support Level: The 0.5800 level appears to be a strong support for NZD/USD. Should this level hold, it could provide a basis for further upward movement.
- Resistance Level: A key resistance level is near 0.5950. If the NZD/USD pair breaks through this resistance, it could signal additional bullish momentum and further gains.
- Moving averages and momentum indicators are showing a neutral to slightly positive sentiment, reflecting a minor upward trend.
Conclusion
Given these factors, NZD/USD may show a slight bullish bias today as it finds support in New Zealand's economic resilience, potential Fed rate decisions, and stable risk sentiment. However, traders should monitor any upcoming news and economic data for changes in sentiment, as global financial markets remain highly reactive.
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NZD/USD Poised to Reach 0.6000NZD/USD Poised to Reach 0.6000
NZD/USD tested a strong resistance zone near 0.6060 and faced multiple rejections from that area.
The price also closed three consecutive bearish candles, indicating increased bearish momentum.
Given this pattern, we may see NZD/USD move down to 0.6000 in the coming days, considering its tendency to decline with low volume.
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❤️
Read the NZDUSD MarketLet's Look at NZDUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
NZD/USD for a bullish move ?the price has entered my Daily demand zone. but for a better entry i go to the 4H for another zone to time the market. looking at numbers its also insinuating that the market might shift for a bulish move begin next week. what i hope happens is the market coming to my 4H demand zone and leave with a nice rejection candle. thats when i wil enter my position.
if that doesnt happen i wil look for the market to create a new 4H demand zone in the Daily demand with the same 4H rejection for an entry. always keep your options open.
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 :-)
Shorting NZD/USDThe USD, benefiting from a safe-haven status and strong economic data, is likely to see further gains, reinforcing the potential for a decline in NZD/USD.
