Potential bullish rise?NZD/USD has bounced off the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could rise from this level to our take profit.
Entry: 0.5977
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.5913
Why we like it:
There is a pullback support level.
Take profit: 0.6080
Why we like it:
There is a pullback resistance level.
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.
NZDUSD
NZDUSD Is Bullish! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.599.
The above observations make me that the market will inevitably achieve 0.601 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Kiwi H1 | Potential bearish breakoutThe Kiwi (NZD/USD) is falling towards a potential breakout level and could break through this level to drop lower.
Sell entry is at 0.5992 which is a potential breakout level.
Stop loss is at 0.6025 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.5950 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Possible Inverted Head & Shoulder on DXY15th August
DXY: Possible Inverted Head & Shoulder forming (retail sales data pending), price above 102.70 can trade up to 102.90. Below 102.45, invalidates IHS, could trade down to 102 support.
NZDUSD: Sell 0.5985 SL 20 TP 40
AUDUSD: Likely range bound, Buy 0.6585 SL 20 TP 60
GBPUSD: Buy 1.2875 SL 25 TP 60
EURUSD: Sell 1.0990 SL 20 TP 45
USDJPY: Could continue to consolidate, watch for reaction at 146 and 148.
USDCHF: Sell 0.8620 SL 20 TP 60
USDCAD: Sell 1.3690 SL 20 TP 55
Gold: Above 2460 could trade up to 2480. Below 2460, break 2450 could trade down to 2430.
Did you miss out on the surprise NZD/USD trade? The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, sending the New Zealand dollar plunging by 1% against the U.S. dollar. The move caught markets off guard, as most analysts had anticipated the central bank would hold rates steady until at least its next meeting. Today wasn’t supposed to be the day, but these are the moments traders eagerly anticipate to capitalize on sudden market shifts.
The RBNZ's decision underscores a growing trend among central banks, signaling a potential global shift in monetary policy. This early rate cut hints that central banks may be increasingly focused on fostering economic growth and ensuring a soft landing amid weakening economies. The big question now: Will the Federal Reserve follow suit?
The NZD/USD had been on an upward trajectory for nearly two weeks, but that rally has now reversed. The pair has broken above the 200-day moving average and is nearing the 50-day as well. The key support zone around 0.5850, which has held since last September, could now be in play, with a closer pivot point near 0.5980.
NZDUSD: Market of Buyers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDUSD pair price action which suggests a high likelihood of a coming move up.
❤️ Please, support our work with like & comment! ❤️
Market Analysis: NZD/USD Trims GainsMarket Analysis: NZD/USD Trims Gains
NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is declining from the 0.6080 resistance zone.
- There is a major bullish trend line forming with support at 0.6010 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.6000 zone. The New Zealand Dollar broke the 0.6035 resistance to start the recent increase against the US Dollar.
The pair climbed above 0.6060 and the 50-hour simple moving average. It tested the 0.6080 zone and is currently correcting gains. The pair corrected lower below the 0.6060 level. The pair also traded below the 50% Fib retracement level of the upward wave from the 0.5988 swing low to the 0.6081 high.
The NZD/USD chart suggests that the RSI is now well below 50 and signaling more downsides. On the downside, there is major support forming near 0.6010 and a trend line.
The trend line is close to the 76.4% Fib retracement level of the upward wave from the 0.5988 swing low to the 0.6081 high. The next major support is near the 0.5990 level.
If there is a downside break below the 0.5990 support, the pair might slide toward the 0.5980 support. Any more losses could lead NZD/USD in a bearish zone to 0.5950.
On the upside, the pair might struggle near 0.6035. The next major resistance is near the 0.6060 level. A clear move above the 0.6060 level might even push the pair toward the 0.6080 level. Any more gains might clear the path for a move toward the 0.6200 resistance zone in the coming days.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WEEKLY FOREX FORECAST AUG 12-16: USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for AUG 12-16th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
RBNZ Cuts, UK CPI Slows, US CPI Pending14th August
DXY: CPI data pending (below 3%), break below 102.50 could trade down to 102 support level.
NZDUSD: Buy 0.5990 SL 20 TP 90
AUDUSD: Buy 0.6660 SL 30 TP 60
GBPUSD: Buy 1.2875 SL 25 TP 60
EURUSD: Buy 1.1025 SL 30 TP 100
USDJPY: Sell 146.20 SL 40 TP 200 (needs to stay below 148)
USDCHF: Sell 0.8625 SL 30 TP 60
USDCAD: Sell 1.3700 SL 20 TP 45
Gold: Climbing higher, above 2475 will see 2480, beyond that will see 2500
NZDUSD Is Looking For A Bigger RecoveryLooking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can recover the price back to the upper triangle line. Wave A looks to be finished after RNBZ delivers surprise 25 BPS rate cut to 5.25% today, so seems like it’s now making a pullback in wave B that can retest 0.59x support area before a continuation higher for wave C towards 0.61 – 0.62 resistance zone.
NZD/USD Plunges Following RBNZ DecisionNZD/USD Plunges Following RBNZ Decision
The exchange rate fell by 1.1% after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25% and signalled further easing.
According to RBNZ Governor Adrian Orr:
→ Inflation is returning to the target range, and the bank may begin normalising rates;
→ Several scenarios were considered, and consensus was reached for a 25 basis point rate cut;
→ Forecasts indicate that New Zealand is moving towards a period of low and stable inflation;
→ The economy is meeting expectations, although high-frequency data show some weakening.
The rate cut decision was somewhat unexpected, as the RBNZ had previously forecast that the rate-cutting cycle would start later. This has resulted in increased volatility in the NZD/USD chart today.
According to technical analysis of the NZD/USD chart:
→ In August, the price formed an ascending channel (shown in blue);
→ Yesterday, a bearish Double Top pattern emerged above the upper boundary of the channel—this was a warning signal for bulls, considering that the RSI indicator was in overbought territory;
→ The RBNZ decision pushed the price to the channel’s median, which is acting as support.
It is possible that the median may be breached by bears and the decline could continue. If so, support may be anticipated at the psychological level of 0.600 and the 0.598 level, which acted as resistance in early August before switching roles.
Much of the future direction of the NZD/USD rate will depend on news from the US: today, at 15:30 GMT+3, the Consumer Price Index (CPI) figures will be released.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NZDUSD Have Formed A Decent Down Trend Align With USD StrengthHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area.
Trade safe, Joe.
GBPUSD and NZDUSD news trading strategy!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD Will Go Down! Short!
Please, check our technical outlook for NZDUSD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.604.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.600 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Keep your eyes on the RBNZ rate decision!Expect some action after the RBNZ rate decision.
Watch the video for more details.
FX_IDC:NZDUSD EASYMARKETS:NZDUSD
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
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. easyMarkets 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.
EUR/USD, AUD/USD, NZD/USD levels into US PPI, CPI and RBNZTwo key inflation reports for the US and a potentially live RBNZ meeting over the next 24 hours has put EUR/USD, AUD/USD and NZD/USD onto my radar. And in each case, these markets have risen to interesting levels which hint at a weaker US dollar over the near-term. Part of this may be because traders are front-running weaker US inflation data.
If the RBNZ treat markets to a dovish cut, it could make for the more volatile move out of the three pairs, whereas weaker US PPI and CPI could help EUR/USD have another crack at breaking above 1.10.
NZDUSD | 15m Trade Plan | Intraday15m current market condition : Took entire buy-side liquidity
During killzones:
Plan A : Take a short position after a 15m bearish confirmation.
Plan B : After inducement is taken, take a long position following a 15m bullish confirmation.
Plan C : Wait for the entire sell-side liquidity sweep, then take a long position based on a 15m bullish confirmation.
note : It's more likely that the marked demand zone will not be respected by the upcoming market session(s).
NZDUSD Set To Fall! SELL!
My dear followers,
I analysed this chart on NZDUSD and concluded the following:
The market is trading on 0.6025 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5970
Safe Stop Loss - 0.6055
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
Second Attempt at Shorting NZDUSDI’m back at it with a second attempt to short NZDUSD, and here’s why this setup caught my attention.
Current Overview:
- 4-Hourly Chart:
i) Rising Channel: The pair is moving within a rising channel.
ii) RSI Divergence: This divergence signals a potential weakening of the uptrend, which adds confidence to the short setup.
Shorting Opportunity:
- 1-Hourly Chart:
i) Type 2 Bearish Shark Pattern: This pattern gave me a solid entry at 0.6029.
Strategy:
- 1st Target:
i) Extended to: 0.5992
ii) Why: The market reversed beyond the original 1st target, allowing me to extend it for better profit potential.
- 2nd Target: Keeping it open to adjust based on how the market moves.
Final Thoughts:
This setup combines a classic RSI divergence with a well-defined Bearish Shark Pattern, making it a compelling opportunity for a second short attempt. If you’re considering a similar trade, keep an eye on the targets and be ready to adapt as the market unfolds.
What’s your take on this setup? Have you noticed similar patterns in your trading? Share your thoughts and strategies below!
Happy trading, everyone! 🚀