#NZDUSD 1H #NZDUSD Weekly Outlook
Timeframe: H1
The market trend is bearish. We'll prioritize sell opportunities at the order block.
Wishing you a successful trading week ahead!
USDNZD trade ideas
Potential bullish rise off overlap support?NZD/USD is reacting off the support level which is an overlap support and could rise from this level top our take profit.
Entry: 0.6156
Why we like it:
There is an overlap support level.
Stop loss: 0.6122
Why we like it:
There is a pullback support level.
Take profit: 0.6207
Why we like it:
There is a pullback resistance that is slightly above the 23.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish opportunity @ NZDUSD The beginning of this trend is when H4 rejects by the Simple Moving Average 200. Always trade in H4 in this pair, because the volatility is always so massive.
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 :-)
A possible Bearish run for the NZDUSD PairTHE PAIR SEEMS TO BE IN STRONG BEARISH MOMENTUM.
The New Zealand dollar is fundamentally weak and and US Dollar is strong where as in accordance with the DOW theory NZDUSD is also in bearish trend as per our trading Strategy of Monday Blues.
What are your views ?????
NZDUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my NZDUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
NZDUSD Is Very Bullish! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.615.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.626 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
the New Zealand Dollar against the US DollarThe image shows a chart for the New Zealand Dollar against the US Dollar, with the current price of 0.61586. The chart is from TradingView, published on October 6, 2024, at 5:50 UTC. The chart shows a pair of parallel channels, which appear to be used to determine potential support and resistance levels for the price. The pair of channels is also used to draw a trendline. There is a small red and green candlestick at the 13:00 mark, suggesting an attempted breakout of the bottom channel.
NZDUSD SELL!
DXY is bullish on the daily and 4HR. NZDUSD has broken structure to the downside. Waiting retest the 61 fibs at resistance. Will sell at 0.62500. Best trade setup for the coming week. Please let me know your thoughts.
NZD-USD Potential Long! Buy!
Hello,Traders!
NZD-USD is falling down
Now and the pair is locally
Oversold so I think that
After it hits the horizontal
Support of 0.6121 from
Where we will be expecting
A local bullish correction
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
The image shows a candlestick chart of the NZD vs USDThe image shows a candlestick chart of the New Zealand Dollar vs. the US Dollar (NZDUSD) on October 5, 2024. The chart is for a 2-hour timeframe and is provided by OANDA. The current price is 0.61586. The chart shows the price action from the 16th to the 15th. It shows the currency pair trading within an upward channel. The blue arrow is pointing up, indicating that the price is likely to continue moving higher. The orange line represents a support level, which is a price level where buying pressure is expected to increase. The red dotted line represents resistance, where selling pressure is expected to increase.
ANOTHER SHORT FOR THE KIWIDISCLAIMER ! THE INFO BELOW IS JUST MY VIEW , TRADE RESPONSIBLY
FUNDERMENTAL
Fundermental we are expecting a rate cut on NZD of 0.5 basis point, so the intrest differential of the dollar to the kiwi will be 0.25 differential.
TECHNICAL
We had a bearish week forming a bearish engulfing on the weekly we are expecting a pullback to premium before the rate cut hence Monday and Tuesday we expect an upmove, my entry is bound to be at equilibrium of the range
NZDUSD - BUYDon’t sleep on this one. CHFJPY will stabilize back to 169.45 where equilibrium lies. These trades usually hit within three weeks, and 90% of the time within 7 days.
Buying and holding. If it moves against me, I sell more. Low leverage trading.
My style isn’t for everyone, but it’s the only approach that’s consistently worked for me.
NZD_USD RISKY LONG FROM SUPPORT|
✅NZD_USD is going down now
But a strong support level is ahead at 0.6140
Thus I am expecting a rebound
And a move up towards the target at 0.6200
LONG🚀
✅Like and subscribe to never miss a new idea!✅
NZD/USD Trade Plans (Pre NFP)Buy limit orders set at SZ1 (support zone 1).
Reasonable USD strength pre jobs, may continue. If order is triggered then will exit at mentioned levels or earlier depending on Sentiment developments.
NZDUSD Fri 04 OctDaily : Bullish Trend,
H4 : Level 1, 2 and 3 Completed. Divergence identified. ChOCH identified. Wait for Retest to Key Zone to Sell
NZDUSD Set To Grow! BUY!
My dear subscribers,
My technical analysis for NZDUSD is below:
The price is coiling around a solid key level - 0.6201
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, gIving a perfect indicators' convergence.
Goal - 0.6259
My Stop Loss - 0.6167
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
NZDUSD OVERVIEWNZDUSD formed a bullish market structure after breaking 0.62992 4H/D1/1W, and the price returned within the Area of Liquidity, consuming the unconsumed liquidity that was left after the price shift. It took an outside formation (new structure after the shift), and the price came back to capture the unconsumed liquidity, which is why the price returned. Now, we are continuing with a bullish continuation trade.
OANDA:NZDUSD
NZDUSD | Potential Shift In Oder flowMeasuring the potential shift in institutional order flow depends critically on how the price reacts at the high and low points of the previous cycles. As a bearish investor in the NZDUSD, I am expecting to see important key reference levels failing to act as support until all longer-term targets are reached...
NZD/USD Slips as Fed Powell Hints at Gradual Rate CutsThe NZD/USD pair has been losing ground in the wake of Federal Reserve Chair Jerome Powell's recent remarks, indicating that interest rates will be lowered gradually "over time." This dovish signal from Powell has bolstered the US Dollar, placing additional pressure on the New Zealand Dollar (NZD).
Adding to the bearish sentiment, the upcoming US ISM Manufacturing PMI for September is projected to show a slight improvement, with expectations set at 47.5 compared to the previous reading of 47.2. A better-than-expected result could further support the USD, reinforcing the downward trajectory of the NZD/USD pair.
On the New Zealand front, economic data has also been less than favorable. The country’s Building Permits fell by 5.3% month-over-month in August, a significant reversal from the substantial 26.4% increase recorded in July. This decline reflects a slowdown in the construction sector, further weakening the New Zealand Dollar.
From a technical perspective, NZD/USD has reached a key supply area where the price seems to be reversing. The Commitment of Traders (COT) report also aligns with this potential reversal, showing a shift in sentiment towards the USD. Coupled with the latest economic news and the anticipation of stronger US data later today, the technical indicators and fundamentals both point to a continued bearish outlook for NZD/USD.
In conclusion, with Powell’s dovish comments, weak New Zealand data, and the likelihood of stronger US economic reports, the NZD/USD pair appears poised for further declines. Traders should watch for confirmation from today’s ISM Manufacturing PMI release, which could boost the USD further and solidify the reversal in NZD/USD.
✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NZD/USD Bears Eye Deeper Correction Amid Positive US JOLTS ReporThe NZD/USD pair continues its bearish trajectory following the release of strong US JOLTS Job Openings data yesterday. This has intensified market speculation about the resilience of the US labor market, which could lead to further tightening by the Federal Reserve. As a result, the Kiwi dollar has come under pressure, with bears targeting a deeper correction.
In our previous forecast:
we highlighted the potential for a drop after NZD/USD encountered strong resistance in a key supply zone. The price has continued its downward momentum, confirming our analysis, and the Commitment of Traders (COT) report further supports a bearish continuation, with commercial hedgers reducing their long positions. The market dynamics show potential for the trend to reach our second take-profit target.
Fundamental Outlook: Labor Market Signals Weigh on Kiwi
The US JOLTS report, showing unexpectedly high job openings, signals strength in the labor market. This is significant because robust employment data often leads to increased expectations for tighter monetary policy from the Federal Reserve. As the central bank looks to combat inflation while maintaining economic stability, positive labor indicators like these reinforce the likelihood of interest rates remaining elevated for an extended period.
On the New Zealand side, a mixed economic outlook and weakening demand for riskier assets have further pressured the NZD. With inflation in check but economic growth showing signs of stagnation, the Reserve Bank of New Zealand (RBNZ) is not expected to be as aggressive as the Fed in future monetary policy moves. This policy divergence creates a favorable environment for NZD/USD bears.
COT Report Signals Further Downside
The COT report confirms that the institutional market is shifting towards further bearish positions in NZD/USD. Commercial traders have been reducing their long exposure, while speculators are increasingly taking short positions. This sentiment, combined with the technical rejection in the supply area, suggests that the trend is far from over.
Key Data to Watch: US Unemployment Claims
Today, traders will be closely watching the release of **US Unemployment Claims** data. If the numbers come in better than expected—indicating a stronger labor market—this could further bolster the US dollar and drive NZD/USD lower. A positive surprise in the data would support the case for the Fed to maintain its current stance on interest rates, thus enhancing the bearish outlook for NZD/USD.
Technical Analysis: Deeper Correction in Sight
Technically, the NZD/USD remains under pressure after its rejection at the supply area. The price is trending below key moving averages, and momentum indicators show bearish divergence, suggesting that the downside momentum is still strong. A break below the recent low could open the door for further losses.
In conclusion, NZD/USD bears are firmly in control, and with favorable economic data from the US, a deeper correction seems likely. Traders should keep an eye on today’s Unemployment Claims report for further clues on the pair’s direction.
✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
nzdusd bearishnzdusd has been in free fall for the last 3 days and has tried to hold on to its support at 0.6210 but failed. This decline will continue until 0.6160. I have indicated the entry sl and tp zones on the chart.
Potential bullish rise?NZD/USD is reacting off the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 0.6209
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss: 0.6154
Why we like it:
There is an overlap support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.6259
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
