NZDUSD Bullish NZDUSD has been in an uptrend and after a slight downward consolidation we can expect it to move bullish again.
Also we can see that there is a ABCD haramonic pattern with a 30Min Bullish Div.
USDNZD trade ideas
NZD edges lower ahead of RBNZ decisionThe New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%.
The Reserve Bank of New Zealand is expected to hold its cash rate at 5.50% for an eighth straight time when its meets early on Wednesday. The RBNZ has been unwilling to shift away from its ‘higher for longer’ stance, despite the worsening economic downturn. The services and manufacturing sectors are both showing contraction and consumer and business confidence has been weak. The economy posted annual growth of only 0.3% in the first quarter after two quarters of contraction, which is a technical recession.
The weak New Zealand economy badly needs a rate cut to kick-start growth, but the RBNZ’s first priority is to bring inflation back down to the target band of 1% to 3%, preferably around the 2% midpoint. Inflation eased from 4.7% to 4.0% in the first quarter but this is still above the target band.
What can we expect from the central bank? With a rate hold widely expected at Wednesday’s meeting, the focus will be on the tone of the rate statement. At the previous meeting in May, the RBNZ projected that it wouldn’t lower rates until the third quarter of 2025 and the economy may have worsened since then, which could delay a rate cut even further. I expect that the message from Wednesday’s meeting is that rates will not drop before the inflation picture improves and the RBNZ could warn that rate hikes remain on the table.
NZD/USD is testing support at 0.6114. Below, there is support at 0.6079
0.6180 and 0.6215 are the next lines of resistance
Bullish NZDUSDThis pair is about to test a strong support zone which acted previously as resistance. It is also the formation of of a 2nd shoulder for a bullish H&S pattern. Wait for a bullish impulse follow by a correction on a smaller timeframe to go long on this pair. With our targets to the neckline( previous resist zone) and continue long on the break of our resist zone.
Trade safe
NZDUSD: MultitimeframeHello Traders,
Just like Aussie! kiwi has had a bearish weekly channel.
But it is broken for Kiwi!
regarding the weekly chart we had a reversal or we might need a one!
but considering the daily chart:
We are in a bullish leg of a bullish channel that even broken the shorter term bearish trend line.
Let's long it!
OMG!!! WHAT YOU DON'T KNOW ABOUT NZDUSD PAIRI made a quick video that explains my analysis of NZDUSD and why I am looking to short the pair. It is a well-detailed video that explains a lot of things about my strategy and the way I approach the market. Ask me questions if you don't understand.
Make sure you watch the video from the beginning to the end. thanks
Neutral Strategy with a Buy Outlook, High Risk For PlacementsStrategy: Neutral | Outlook: Buy | Risk for placing orders: High
Trend Identification: The main market trend is bearish, with the current secondary trend showing a short-term upward trajectory. Prices are moving in the upper zone of the downward channel near the support levels of the secondary trend. Investors should be cautious due to the existing accumulation observed in the market.
Fibonacci Retracement: Significant levels with increased risk for trading placements are between 0.60062 and 0.60788, with the risk decreasing above 0.61237 and below 0.59545.
Fibonacci Expansion: Critical resistance points are at 0.62641, 0.63819, and 0.65726. These levels can be used to delineate a potential upward price movement.
Technical Indicators: Technical indicators show increased risk for trading placements in the current phase due to divergence from the main trend.
Detailed Analysis
Trend Identification
The dominant trend in the exchange rate chart is downward. The current secondary short-term trend in the exchange rate chart is upward. Within the main downward trend channel, exchange rate prices are moving upwards in the upper zone. Within the secondary upward trend channel, exchange rate prices are moving upwards in the lower zone. Movement near the lower zone of the secondary trend channel could indicate an imminent reversal against the main price trend direction. The lower zone of the trend channel is considered a support level. Current market conditions contain relative risk for trading placements.
Fibonacci Levels of Support and Resistance
Fibonacci Retracement
Using the Fibonacci Retracement tool, we aim to identify critical support levels and areas with increased risk for trading placements. Applying the Fibonacci Retracement tool to the upward exchange rate trajectory helps define the levels to which the rate can move down without the current price trend being considered reversed. Specifically, under current exchange rate conditions, this point is around 0.60062. The potential for breaking this support point and continuing price movement below 0.60062 requires great caution as it could indicate a trend reversal and significant losses for investors who have placed buy orders. Conversely, breaking this level means the continuation of the main downward price direction.
From the study of the Fibonacci sequence on this currency pair, two important levels emerge that need to be mentioned. Trading placements at any point within these two levels carry increased risk due to pressure accumulation. This range is defined by the levels 0.60062 and 0.60788. Risk decreases above the 0.61237 limit for buy orders and below the 0.59545 limit for sell orders.
Fibonacci Expansion
The use of the Fibonacci Expansion tool aims to identify resistance levels. Based on the latest upward movement in the price chart, these levels can be used to estimate the range of a potential upward price movement. The resistance levels that seem to exist, as well as their distance from the current price, are as follows:
A) 0.62641 – 150 pips
B) 0.63819 – 267 pips
C) 0.65726 – 457 pips
Technical Indicator Analysis
Moving Averages
Current exchange rate prices are between moving averages. The distance from the current price to the moving averages is insignificant, and no conclusions can be drawn. Visualizing the moving average results shows that price movement is not currently aligned with the main trend. However, there may be points in the coming days that could be utilized for trading placements.
MACD
The MACD is marginally positive and moving sideways with unsatisfactory momentum. Visualizing the MACD results does not show deviations from the price trend, which could indicate a potential price trend reversal. MACD results indicate that current price movement is not evolving according to the main trend, as significant pressure accumulation is observed on the price chart.
Moving averages and MACD indicate that the probability of trading placement under current market conditions contains high risk. This conclusion is drawn from the fact that technical indicators do not provide results harmonizing with the prevailing price trend and indicate indecisiveness in trend
Kiwi H4 | Falling to 50% Fibonacci supportThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6098 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6059 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 0.6147 which is a pullback resistance.
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Short trade
8th July 24
NY Session
Sellside
3.00 pm
1min FT Entry
1Hr TF Overview
Entry 0.61259
Profit level 0.61150 (0.18%)
Stop level 0.61279 (0.3%)
RR 5.45
Target liquidity lows
NZDUSD: A Break Above 0.6110 Can Push NZDUSD to 0.6200NZDUSD: A Break Above 0.6110 Can Push NZDUSD to 0.6200
NZDUSD completed a bullish wedge pattern.
The price can spend some time in correcting again given that the focus for this week will be on
FOMC minutes on Wednesday and the NFP data on Friday.
This can help NZDUSD rise further during these days considering that the market may speculate again regarding a possible rate cut from the FED in the September meeting.
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❤️
Harmonic sell NZDUSD- Gartley TF 4H
- Carb TF 1H
!! pattern combo set!!
2 entry sell her and SL in 200% fibo
Telling stop on 1 RR
Falling towards 50% Fibonacci support?The Kiwi (NZD/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.6103
1st Support: 0.6084
1st Resistance: 0.6145
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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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NZDUSD H4 SHORTPrice is slowly coming up to the next liquidity zone.
From there I will be looking at short confirmations and trading it down to the buy side liquidity levels
Short trade 8th July 24
LND to NY Session
Sellside
10.30 am
15min FT Entry
1Hr TF Overview
Entry 0.61379
Profit level 0.61318 (0.6%)
Stop level 0.61417 (0.10%)
RR 1.61
NZDUSD: Short Trade with Entry/SL/TP
NZDUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry - 0.6137
Stop - 0.6159
Take - 0.6107
Our Risk - 1%
Start protection of your profits from lower levels
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Bullish All The WayThis is a great season for this pair. It is not everyday we are lucky to find all timeframes aligned in the same direction. This is the case on the NZDUSD today. As at the time of this analysis, all of the timeframes of our analysis, from the Monthly down to the 1 hour, are aligned bullish and they are scream BUY.
On the 4 hour chart, we see that the market is in an uptrend. Price has come in to test our zone and from there we have seen the 1 hour bullishness begin to take off. As at the time of sharing this trade idea, the market has also begun to make progress with the bullishness. We have just witnessed a break of structure bullish. We will now wait for price to pullback into our refined 15 minute zone, from which we will look to take the bullish trade.
If price crashes our zone, then we will as always declare a "setup invalidated", we will abandon this setup so far, and begin our analysis setup anew, in line with new market direction.
NZDUSDNZDUSD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
nzdusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZD HTF BIAS IS HEAVILY BULLISH Anticipating price to drop to that hourly internal demand and push up.
Sell side liquidity has been swept by the NFP candle hence Anticipating price not to pullback to the extreme hourly demand
Chart pattern Marking is bullish we have a triangle pattern which broke me we continue with our bullish move
NZDUSD Long Analysis 08/07/2024ICMARKETS:NZDUSD
been a while since i posted.
market trend is continuing upwards, you can see a bullish orderflow going on. htf demand area sitting around the .618 and 0.5 fib level got retraced and has moved up a hundred pips.
just need a ltf confirmation for entry, you'll for sure find one during London session and personally i would hold until the -0.272 fib level because i usually experience pullbacks from that level (0.63030 is a good price target imo).
i expect a breakout+retest at the trend line.
this is just an idea.
NZDUSDNZDUSD - Had a trade on this pair last week as you can see , since then price has switched structures and is now bullish. With that being said for us to be able to take a trade on this pair price must push up a little further to then return and bounce off the zone and we are looking for a new higher low to be formed.
