NZDUSD - Sell Stop on Break of 4-Hour SupportAnalysis
A divergence has been identified, and a rising wedge pattern has formed. The price is currently testing the 4-hour resistance level and is moving towards the 4-hour support. If the price breaks the second support level, we will enter a position, anticipating a bearish trend.
Trade Plan
Entry: 0.61284
SL: 0.61503
TP1: 0.61065
TP2: 0.60846
NZDUSD
Levels discussed on livestream 10th July 10th July
DXY: Consolidating on 105.00 support area, looking for breakout to 105.40 (price needs to stay above 105).
NZDUSD: Sell 0.6080 SL 15 TP 30, then look for reaction at support level 0.6050
AUDUSD: Buy 0.6760 SL 20 TP 110 (Hesitation at 0.68)
USDJPY: Buy 161.50 SL 25 TP 50
GBPUSD: Sell 1.2775 SL 20 TP 70
EURUSD: Buy 1.0860 SL 20 TP 55
USDCHF: Sell 0.8935 SL 20 TP 40
USDCAD: Consolidating between 1.36 and 1.3650, do nothing for now
Gold: Look for reaction at 2390 resistance level
NZDUSD H4 | Bearish reversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6147, which is a multi-swing high resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 0.6106, an overlap support level close to 50% Fibo retracement.
The stop loss will be at 0.6193, an overlap resistance level.
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.
NZDUSD: Profit taking into RBNZ decisionNZDUSD – technical overview
Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this prospect. A monthly close below 0.5800 will intensify bearish price action.
R2 0.6222 – 12 June high – Strong
R1 0.6200 – Figure – Medium
S1 0.6048 – 2 July low – Medium
S2 0.6031 – 15 May low – Strong
NZDUSD – fundamental overview
There is no change expected from the RBNZ today, though we have seen profit taking into the event risk. We've also seen some Kiwi selling on the New Zealand Treasury's reporting of weaker sales, with consumers experiencing hardship. Absence of first tier data on Wednesday’s calendar will leave the focus on another round of Fed Chair testimony and some Fed speak.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
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
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.
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.
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
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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.
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. IC Markets 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.
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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nzdusd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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 these 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 :-)
NZDUSD Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the NZDUSD next move:
The instrument tests an important psychological level 0.6096
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6123
My Stop Loss - 0.6078
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
WEEKLY FOREX FORECAST June 8-12th Part 2: FX PairsThis is Part 2 of the Weekly Forex Forecast.
In this video, we will cover:
USD Index, EUR, GBP, CAD, AUD, NZD, CHF, JPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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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.
NZDUSD → Traders believe in the best outcome. NFP aheadFX:NZDUSD strengthens after a false breakdown. The change of the fundamental background leads to a change in the character of the market. Traders are looking at a breakout of 0.614 and growth in the future, but ahead of NFP...
On D1 the price is not going to leave the sideways range yet, as we are told by the false breakdown and return to the channel with the subsequent formation of the impulse. Technically, on H4 a pre-breakdown consolidation is forming and the price is gradually pushing up to resistance, which may lead to a breakout and further growth.
Fundamentally, based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270,000 in the previous month, and unemployment to remain flat. But it's worth paying attention to the actual data. As a mild reminder of slowing economic growth could weigh heavily on the Fed.
Resistance levels: 0.614
Support levels: 0.61, 0.608
Technically traders believe in the continuation of the growth. A break of resistance may trigger a rally. But unpredictable news may change the market mood and in this case active selling may start.
Regards R. Linda!
NZDUSD Is Going Up! Long!
Please, check our technical outlook for NZDUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.609.
The above observations make me that the market will inevitably achieve 0.613 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!
Falling towards 38.2% Fibonacci support?NZD/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6100
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6069
Why we like it:
There is a pullback support level which is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.6144
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
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 Massive Long! BUY!
My dear subscribers,
This is my opinion on the NZDUSD next move:
The instrument tests an important psychological level 0.6071
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6109
My Stop Loss - 0.6047
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Independence Day (4th July) Analysis4th July (Independence Day)
DXY: Likely to consolidate between 105.15 and 105.45. Below 105, could trade down to 104.60. Break 105.45 could trade up to 105.90 (More likely scenario)
NZDUSD: Sell 0.61 SL 20 TP 45 (DXY strength)
AUDUSD: Sell 0.67 SL 30 TP 75
USDJPY: Range between 161.10 and 162
GBPUSD: Straddle: Buy 1.2780 SL 20 TP 80 or Sell 1.2725 SL 20 TP 100
EURUSD: Buy 1.0810 SL 25 TP 80 (hesitation at 1.0850) (DXY weakness)
USDCHF: Sell 0.8990 SL 30 TP 70 (dxy weakness)
USDCAD: Buy 1.3645 SL 25 TP 55 (dxy strength)
Gold: Break above 2370 could trade up to 2390
Kiwi H4 | Approaching pullback resistanceThe Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6144 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level.
Stop loss is at 0.6170 which is a level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 0.6098 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
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.
Levels discussed on 3rd July Livestream3rd July
DXY: Needs to break 105.70 (61.8% retracement), to trade lower to 105.40 and bullish trendline. Below 105.40 could trade down to 105.15 support
NZDUSD: Buy 0.6110 SL 20 TP 45
AUDUSD: Could trade higher, look for reaction at 0.67 resistance level
USDJPY: Buy 162.20 SL 30 TP 80
GBPUSD: Look for reaction at 1.2740 (UK elections on 4th July)
EURUSD: Buy 1.0790 SL 20 TP 60
USDCHF: Buy 0.9020 SL 20 TP 50
USDCAD: Buy 1.3625 SL 20 TP 60
Gold: Breaking out of the range, above 2345 could trade up to 2355