NZDUSD - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher
Your success is determined solely by your ability to consistently follow the same principles.
USDNZD trade ideas
Continued Pressure on NZD/USD Following a Brief Seller RespiteTechnical Outlook
The NZD/USD pair has resumed its downtrend following a brief consolidation phase. Sellers have aggressively pushed the pair toward the most recent low at 0.58217. A confirmed break below this level could open the door for further declines, with immediate support targets at 0.58177, 0.58126, and the psychological threshold of 0.58070.
The Bollinger Bands exhibit a pronounced downward slope, signaling heightened bearish volatility. Additionally, the moving averages are aligned in a bearish crossover, reinforcing the dominance of sellers in the current market structure.
Alternative Scenario
To counter this bearish outlook, buyers would need to reclaim the immediate resistance at 0.58364.
Key Events to Watch
Market participants are closely monitoring US economic data, including non-farm productivity and unit labor costs, as well as a long-term Treasury bond auction. These reports are expected to influence USD strength, potentially impacting NZD/USD volatility further.
A Bullish Bat on NZDUSD AND A Potential Bullish Shark
WEEKLY: Price has bounced off of weekly support
with a bullish candle and the bullish candle has a rejection below. A NEW STORY IS ABOUT TO BEGIN
DAILY: We have a CHOCH on the daily to the upside. price is coming back to retest a level of support. we have a bullish shark on the daily, but 1.13 of XA is yet to be tested, AND 2.24 OF BC PROJECTION IS YET TO BE TESTED. (Obstacle). hopefully, the retest holds
H4: NO SET UP , CONFIRM CHOCH.
H1 and H2: A BULLISH BAT WITH CONFIRMED CHOCH, WE ENTER AT THE RETEST OF THE SUPPORT.
TARGET NEXT WEEKLY RESISTANCE AT 0.5917 ( though am planning on swinging it)
STOP LOSS: RECENT LOW, (28 PIPS)
NZD/USD: Rally Ahead or Downside Risk?Hello Traders,
Trust you had a great weekend.
Take a moment to read my analysis of the NZDUSD currency pair.
Overview
The NZD/USD pair is currently trading at 0.58325, maintaining a clear downtrend on both the H1 and H4 timeframes. The pair remains confined within a bearish channel, reflecting continued selling pressure.
Idea
The price is currently testing a critical support zone, which aligns with the 0.786 Fibonacci retracement level of the impulsive move from November 26th to November 29th. The current price action suggests a potential pause at this support level, indicating a possible rally if the zone holds.
In a bullish scenario, the price is expected to advance toward the 0.5890 and 0.59016 resistance levels. However, the high at 0.5929 is not anticipated to be breached under the current outlook. Should the price break above this high, further upward momentum could extend to the 0.59692 zone before a likely reversal.
On the other hand, a decisive break below the 0.57966 support would invalidate this bullish expectation and signal further downside potential.
Conclusion
While NZD/USD remains in a bearish trend, the current support zone presents a key inflection point. A rally is likely if the support holds, with resistance levels at 0.5890 and 0.59016 in focus. However, a breach below 0.57966 would confirm a continuation of the downtrend, nullifying the bullish outlook.
Do let me have your thoughts guys.
Cheers and have a great week.
NZDUSD is BullishPrice was in a strong downtrend, however the bulls seem to have assumed control of the price action as previous lower high is successfully broken, and a higher high is printed instead. If the bulls maintain pressure then we will see the break of descending trendline and previous higher high, which according to Dow theory is a classic sign of bullish reversal. Targets are mentioned on the chart.
Kiwi H4 | Swing-high resistance at 61.8% FiboThe Kiwi (NZD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5884 which is a swing-high resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.5940 which is a level that sits above a multi-swing-high resistance.
Take profit is at 0.5807 which is a swing-low support.
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What’s Flowing: NZDUSDThe NZDUSD pair continues its downward trajectory, respecting the established bearish trend. Key resistance zones near 0.5860 and 0.5905 are capping any upward movements, while sellers maintain control. Support levels around 0.5770 are acting as a key target area for further downside potential.
The price remains below the moving averages, reinforcing bearish sentiment. Recent attempts to push higher have been met with selling pressure, with price action consolidating near the lower bound of the range. Traders should watch for a potential breakout below 0.5770 to confirm continued bearish momentum.
Market participants should stay cautious of any reversal signals near the support zones, but overall, the flow favors the downside for NZDUSD in the short term.
NZD/USD: Bulls Reloading at Demand ZonesOn the NZD/USD chart, price has reached a critical juncture near two strong demand zones (highlighted in purple).
These zones represent areas where institutional buyers could step in, given their historical significance.
The recent sell-off appears to have grabbed liquidity below local lows (red dotted lines), setting the stage for a potential bullish reversal.
If price reacts strongly within these zones, we could see a recovery targeting liquidity above the highs marked at 0.5865 and beyond.
The plan involves waiting for bullish confirmations such as higher highs or engulfing patterns to enter long positions, with stops placed below the lower demand zone for protection.
Initial targets focus on taking profits at key liquidity levels, while the overall bias remains bullish as long as the demand zones hold. Patience is key to trading this setup successfully.
Weekly Analysis - NZD/USD"On Monthly:
It continued Bearish move towards 0.58000 Psychological number that has been tested many times in the past.
All three EMA 200, 50 and 20 (BGR) are Bearish.
-- On Weekly:
It seems it has made a Bi-Lateral flag after a major Bearish move since 2021.
It confirms the Bearish move towards the 0.5800 and Trendline.
--On Daily:
It has made a Double Top to continue Bearish move. Once it hit 0.58000, and depending on the reaction afterward, I would pick the trade.
-- On Hourly:
Hourly chart doesn't add much to the picture. There is less than 30 Pips to 0.58000. you may notice Head & Multi-Shoulders formation to support Bearish move along with all three EMAs 20, 50 and 200 (RGB)."
NZDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.58600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58600 support and resistance area.
Trade safe, Joe.
NZD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the NZD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.586.
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