Nzdusd short Shorting Nzdusd once I get a bearish close below my zone
Also two lower high make a downtrend
So expecting a dump
USDNZD trade ideas
Sell nzdusd More selling expected till next full week like all usd pairs
Currently trading in a down trend and breaking its previous HL and making now LL And LH
Means downtrend start and now in safe heaven
NzdUsd Trade IdeaNU was on a solid bullish run. Price did break bullish structures on the higher time frame confirming the shift in the market. With price still being overall bearish and the daily time frame retesting 0.61800, shorts are definitely the priority for me for this week. I"ll personally be looking for price to come back down to 0.61100. We could even expect price to break that level as well some time this week as long as price stays BEARISH.
NZDUSD is in the Selling DirectionHello Traders
In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD 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 Sellers In Panic! BUY!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.6116 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6189
Recommended Stop Loss - 0.6074
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
#NZDUSD 4HNZDUSD 4H Sell Opportunity
Sell Level: 0.61750
Target Levels: 0.60900 / 0.60000
Description:
We are currently observing a sell opportunity for the NZDUSD pair on the 4-hour chart. The recommended entry point for this trade is at 0.61750.
Technical Analysis:
Resistance Level: The price has encountered resistance around the 0.61750 level, which has been validated by previous price action.
Downtrend Confirmation: The recent price action suggests a potential continuation of the downtrend, with the pair showing signs of bearish momentum.
Target Levels:The initial target for this trade is set at 0.60900, with a secondary target at 0.60000. These levels are based on previous support zones and Fibonacci retracement levels.
Trade Strategy:
1.Entry: Place a sell order at 0.61750.
2.Stop-Loss: Consider setting a stop-loss order slightly above the entry level to manage risk in case the market moves against the position.
3Take Profit: Set the take-profit levels at 0.60900 and 0.60000, adjusting based on market conditions and risk tolerance.
Risk Warning:
As with any trading opportunity, it is crucial to manage risk appropriately. Ensure to use proper risk management techniques, such as setting stop-loss orders and adjusting position sizes according to your trading strategy.
Happy trading!
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of NZDUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bearish trend
2. Bullish Divergence
3. No continuation pattern
4. Inverse Head & Shoulder reversal pattern formed
5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making HHs & HLs
7. Initiated two trades on MT4 by marking buy stop ON break out of inverse H & S neckline and stop loss at HL
NZDUSD - Daily - Short - Part.2Bias still remains the same: Heavily bearish.
- Two positions open. Takeprofit at the bottom of the range. This could take weeks...
NZDUSD BUYGood afternoon traders!! I hope you all are having a great trading week so far. This is my analysis on NZDUSD!!
Let me know what you guys think so far!!
Short nzdIm shorting nzd because Prices have reached a reasonable supply point around .6195 , i expect to see price drop to .6127 to .6083 area where there was demand in the past, which maybe overwhelmed.
Short nzdIm shorting nzd because Prices have reached a reasonable supply point around .6195 , i expect to see price drop to .6127 to .6083 area where there was demand in the past, which maybe overwhelmed.
NZDUSD: Time for Retracement?! 🇳🇿🇺🇸
NZDUSD may retrace from a key daily/intraday horizontal resistance.
As a confirmation, I see an inverted cup and handle pattern
on an hourly time frame.
The price may reach 0.6166 level today.
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NZD/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the NZD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.614.
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FOREX (NZDUSD) All long targets done using RisologicalFOREX (NZDUSD) All long targets done using Risological
Nice forex trade (NZDUSD) on Risological.
All long trade targets done nicely on the 15m time frame.
The Trailing stop is at 0.61645, so, small portion of the trade is still open for further upward profits.
If the price closes (15m candle close) below the Risological trend line - the dotted line acting as trailing stop, that will be the sign of trend reversal and we will look at fresh short position.
Thanks and all the best.
Like and follow if this helped.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.62200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62200 support and resistance area.
Trade safe, Joe.
Potential bullish rise?NZD/USD has reacted off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6171
Why we like it:
There is a pullback support.
Stop loss: 0.6120
Why we like it:
There is a pullback support level.
Take profit: 0.6252
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
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Potential bullish rise?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 0.6164
1st Support: 0.6126
1st Resistance: 0.6232
Risk Warning:
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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.
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With the breakout in gold, FX pairs may move into EOWWith gold breaking higher, the EURUSD, GBPUSD, AUDUSD and NZDUSD may break or continue to build their bull flag patterns. No data to move the markets, stocks continue to squeeze, the end of the week could bring you more of the same of what we saw today.
NZ dollar drifting ahead of manufacturing dataThe New Zealand dollar is showing little movement on Thursday. NZD/USD is trading at 0.6139 at the time of writing, up 0.05% on the day.
New Zealand’s manufacturing sector has been in the doldrums, as the manufacturing PMI has posted 17 consecutive declines. Friday’s PMI is expected to improve to 47 in August, up from 44 in July (a reading below 50 points to contraction). The New Zealand economy has deteriorated and in August the Reserve Bank of New Zealand responded with its first rate cut since March 2020. The RBNZ has joined the club, as most major central banks have lowered rates and the Federal Reserve is poised to do so next week.
The RBNZ will be looking to continue lowering rates, as the cash rate of 5.25% remains high and is weighing on economic activity and households. Inflation has dropped to 3.3%, which is close to the target of between 1% and 3%. The central bank meets next on Oct. 9 and there is pressure on the RBNZ to follow up with a second straight rate cut.
In the US, today’s inflation numbers were a mix. Headline producer prices rose 1.7% Y/Y in August, following a downwardly revised 2.1% gain in July and just below the market estimate of 1.8%. However, core PPI rose from 2.3% to 2.4%, below the estimate of 2.5%. Today’s PPI data didn’t budge the market pricing of a Fed rate cut, with an 87% probability of a 25-bps cut next week, according to the CME FedWatch tool. Still, not everybody is on board for small cut – JP Morgan is projecting that the Fed will deliver a jumbo 50-bps reduction.
NZD/USD is testing resistance at 0.6134. Above, there is resistance at 0.6160
There are support lines at 0.6110 and 0.6084
NZD/USDTechnical Analysis: NZD/USD
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
Therefore, be sure to check the initial news before entering.
Attention!!!
If the trading symbol of the bank is closed, do not trade that symbol!!
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
NZDUSD - AnalysisPotential trade here. Head and shoulders inside another head and shoulders. Price is respecting bearish structure. I'm weary of the 200 ema acting as magnetic support. I'd like to see a retest of this neckline before taking a sell position
NZD/USD Gains Amid Risk-On Sentiment But Downside Risks RemainThe NZD/USD pair saw gains this week, driven by a positive shift in market sentiment following the release of the U.S. Consumer Price Index (CPI) data for August on Wednesday. The headline inflation figure dropped to a three-year low, easing concerns about persistently high inflation in the U.S. and increasing the likelihood of a 25-basis point rate cut by the Federal Reserve in the near future. This risk-on mood has provided short-term support for the New Zealand Dollar (Kiwi), as investors temporarily shifted their focus away from risk-off assets like the U.S. Dollar.
Despite this positive development, the Kiwi's upside potential may be limited. The Reserve Bank of New Zealand (RBNZ) is expected to implement additional rate cuts by the end of 2024, as the country's economic outlook remains uncertain. A dovish stance by the RBNZ could weigh on the NZD in the long term, especially as market participants adjust their expectations for future monetary policy decisions.
From a technical analysis perspective, NZD/USD remains vulnerable to further downside pressure. After reversing from a key supply area (as highlighted in our previous analysis), the pair could be poised for a continued decline. Retail traders remain bullish on the NZD, but data shows that institutional players, often referred to as "smart money," have taken a more cautious approach, with lower positioning in the currency. This divergence in sentiment suggests that the current bullish momentum may be short-lived, and a bearish continuation could be on the horizon.
In summary, while the NZD/USD pair has gained ground due to improved risk appetite following the U.S. CPI release, the broader outlook remains bearish. The prospect of further RBNZ rate cuts, combined with the positioning of institutional investors, suggests that the Kiwi may face additional downward pressure in the coming weeks. Traders should watch for key technical levels and remain alert to shifts in market sentiment.
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