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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

1-Hour Chart Analysis NZDUSD short Visit ourtrades website for more insight link in bio The 1-hour chart reveals a rising channel, with price nearing the upper boundary. The RSI is currently showing a lower low while the price shows a higher high, indicating bearish divergence which is often a sign of an impending reversal. Key Observations: Rising channel with price approaching the upper boundary. RSI shows bearish divergence. Sell confirmation conditions met: RSI lower low. EMA bearish crossover. Higher time frame bearish trend. Sell signal triggered at 0.59586, with targets at 0.5920 and 0.5880.
Short
by FourtradesTV
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 61.8% Fibonacci support. Pivot: 0.5980 1st Support: 0.5904 1st Resistance: 0.6037 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
NZDUSD - Short after BOS !!Hello traders! ‼️ This is my perspective on NZDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. We have on H4 hidden divergence and on H1 regular divergence, I wait for break of structure to open short position. Fundamental news: Tomorrow (GMT+3) we have NFP day in USA, also Unemployment Rate results, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : NZD/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Reversal 0.58700 Area Reasons - Major Turn level - Major Support - Candle Pattern - Choch Zone Bearish Reversal 0.60000 Area reasons - Major Turn level - Visible Range Hvn - Pattern Reversal - Fixed Range hvn - Fibo Golden
Long
by GoldenEngine
2
Trading Idea: Bearish Shark Setup on NZDUSDI wanted to share an interesting setup on NZDUSD that’s been forming for a while. Let’s dive into the details! Current Overview: Bearish Shark Setup: Potential Reversal Zone (PRZ) : The setup has been hovering at the PRZ, which some traders might misinterpret as a violation. Key Insights: Having the Right Knowledge Matters : From my 19 years of trading and nearly 16 years of coaching, I’ve seen even experienced traders make mistakes in reading signals like this. It’s not uncommon for traders with 8 years of experience to misjudge such setups. Strategy: Second Chance Entry: Key Level : 0.5935 What to Do: If you missed the initial signal, wait for the market to retest 0.5935 for a second chance entry opportunity. Community Alert: This Trade Alert was triggered at 14:00(SGT) Final Thoughts: Patience and proper signal interpretation are crucial in trading. If you’re looking for a second chance, keep an eye on 0.5935. Don’t hesitate to reach out if you need more insights or if you missed this trade. What’s your take on this setup? Have you seen similar patterns before? Share your thoughts and strategies below! Happy trading, everyone!
Editors' picks
Short
by RaynLim
8
July Hold Could Spell Further Downmoves (NZDUSD)..Traders are now pricing in a preferred Sept cut for the FED, leading to slight strength/rebound momentum. Antipodean currencies have taken a hit on China news, especially AUD, NZD following suite but more so on the encouragement to buy 'safer' currencies (as seen CHF/Yens/USD rise) on fears. The technical level we have arrived at on NZDUSD (labelled) warrants reasonable technical bias for entry. Risk remains due to sentiment factors and is somewhat reflected in the most recent price action momentum. If we do drift lower, Price Action (long) levels may be preferred for entry at relatively recent lows.
by WillSebastian
7 Dimension Sell setup or NZDUSDCore Analysis Method Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H4 1: Swing Structure: Bearish swing confirmed with inducement. As the swing move makes the first pullback with an internally bearish structure, it mitigates the dicional POI at the internal premier zone or resistance supply area. 2: Pattern 🟢 CHART PATTERNS Reversal: Double top forming but not confirmed yet. 🟢 CANDLE PATTERNS Shrinking candle pattern forming with bullish momentum unable to break the range indicates climax player entry and profit-taking activity with FOMO. Inside bar also forming indicates the end of bullish activity. 3: Volume 🟢 Much bullish volume is considered during the corrective move but unable to break the resistance, meaning this is all execution volume here. 4: Momentum RSI 🟢 Currently in a bullish zone without range shift, indicating weak bullish momentum. However, divergence suggests that the price might come down to take new buy orders. The Grandfather-Father-Son signal indicates another strong bearish move is coming, so we are leaning towards sellers. 5: Volatility Bollinger Bands 🟢 After a short contraction and upper band squeeze breakout, proper walking on the band indicates continuation for the buy side in terms of volatility. 6: Strength Bears are weaker than bulls. 7: Sentiment 50/50 ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: Waiting for MSS 💡 Decision: Sell Stop order 🚀 Entry: 0.5932 ✋ Stop loss: 0.5951 🎯 Take profit: 0.5841 😊 Risk to reward Ratio: 4.79 RR 🕛 Expected Duration: 10 days SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with mixed signals from structure, volume, momentum, volatility, strength, and sentiment. Leaning towards a bearish move due to the Grandfather-Father-Son signal and divergence on RSI.
Short
by Optimum369
NZDUSD: Bullish Reversal After Strong Bearish MovementNZDUSD: Bullish Reversal After Strong Bearish Movement Overview The NZDUSD pair has recently shown signs of a potential bullish reversal after experiencing a strong bearish movement. The pair has hit a significant support level, indicating a potential end to the downtrend and the beginning of a new upward movement. ### Key Technical Levels 1. Support Levels: - 0.5875: A robust support level where the price has found significant buying interest. This level has historically acted as a strong floor for the pair. - 0.5850: Additional support which further reinforces the bullish outlook if the price manages to stay above this level. 2. Resistance Levels: - 0.5935: Immediate resistance level that needs to be broken for the bullish trend to gain momentum. - 0.5950: Key resistance and potential target for the initial bullish wave. - 0.6000: Major resistance and final target for the current bullish setup. Technical Indicators Relative Strength Index (RSI): - The RSI has moved from oversold territory and is now rising, indicating increasing buying pressure and potential for further upside. Trend Analysis - The overall trend on the daily chart suggests that the pair has bottomed out after a prolonged bearish trend. The recent price action indicates a shift towards a bullish market structure, aligning with the identified support and resistance levels. Fundamental Factors 1. New Zealand Economic Data: - Recent economic data from New Zealand has shown signs of improvement, which could boost the NZD. Better-than-expected GDP growth and employment figures support the bullish outlook. 2. US Dollar Weakness: - Any signs of weakness in the US dollar, possibly due to dovish Federal Reserve policies or weaker economic data, could further support the bullish reversal in NZDUSD. Trade Setup - Entry: Consider entering long positions on a break above the 0.5900 resistance level. - Targets: Aim for initial targets at 0.6000, with further potential up to 0.6200. - Stop Loss: Place a stop loss below the 0.5850 level to manage risk. Risk Management Trading involves significant risk, and it’s crucial to manage your positions carefully. Always use stop losses and adjust your trade size to align with your risk tolerance. Conduct your own research and consider seeking advice from a financial advisor. This analysis highlights the potential for a bullish reversal in the NZDUSD pair, supported by key technical indicators, chart patterns, and fundamental factors. By monitoring the identified levels and market signals, traders can make informed decisions and capitalize on the potential upward movement.
Long
by forexNetwork10