NZDUSD
Levels discussed on 29th May livestream29th May
DXY: Weakness. Break below 104.50 could trade down to 104 support, (hesitate at 104.20)
NZDUSD: Buy 0.6150 SL 20 TP 35
AUDUSD: Buy 0.6680 SL 20 TP 45
USDJPY: Buy 156.80 SL 30 TP 60
GBPUSD: Buy 1.2770 SL 30 TP 50
EURUSD: Buy 1.0865 SL 25 TP 30
USDCHF: Buy 0.9160 SL 30 TP 65
USDCAD: Buy 1.3665 SL 30 TP 60
Gold: If price breaks 2345 could head lower to 2330
Kiwi H4 | Potential bearish breakoutThe Kiwi (NZD/USD) is falling towards a potential breakout level and could potentially drop lower from here.
Sell entry is at 0.6127 which is a potential breakout level.
Stop loss is at 0.6158 which is a level that lies above a pullback resistance.
Take profit is at 0.6082 which is an overlap support.
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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. 70% 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):
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🆕 NZDUSD: CURVE ANALYSIS 🆕 (Based on the 11H Chart)
SLO2 @ 0.6199 ⏳
SLO1 @ 0.6163 📉
SSO @ 0.6138 ⏳
TP1 @ 0.6093
TP2 @ 0.6035
TP3 @ 0.5992
TP4 @ 0.5925
BLO1 @ 0.5909 ⏳
BLO2 @ 0.5871 ⏳
ADDITIONAL INFO:
✍️ As anticipated, it appears we have a downtrend
🤑 Currently, our SLO has triggered and we're in profit +20 pips
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
This is an Intermediate Time Frame trade (4 hours to 6 day):
— Offers a clearer picture of the underlying trend compared to short-term frames.
— Provides more opportunities for confirmation signals and technical analysis.
— Allows for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
NZDUSD - 4hrs ( Buy Trade Target Range 180 PIP ) Pair Name : NZD/USD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
------
🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bullish Break
0.60000 Area
Reasons
- Major Turn level
- Channel Break Out
- Inner choch
- Day + week High Break
- P / Quarter low Area
- Visible Range Lvn
Bearish Reversal
0.61800 Area
Reasons
- Major Turn level
- P / Month High
- Visible Range Hvn
- Pattern Target
- Fibo Golden
- Choch Zone
Levels discussed during livestream 28th May28th May
DXY: consolidating at support 104.50, look for bounce higher, towards 104.90 or resistance (confirmation if price breaks 104.60)
NZDUSD: Buy 0.6140 SL 15 TP 35
AUDUSD: Sell 0.6645 SL 20 TP 50
USDJPY: Buy 157.30 SL 30 TP 65
GBPUSD: Reject resistance Sell 1.2790 SL 25 TP 90 (Hesitation at 1.2750)
EURUSD: Sell 1.0885 SL 20 TP 40
USDCHF: Sell 0.9110 SL 25 TP 40
USDCAD: Buy 1.3660 SL 30 TP 80
Gold: Could trade down to 2330, look for reaction to form double bottom.
NZDUSD Will Go Up From Support! Long!
Here is our detailed technical review for NZDUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.612.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.616 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!
NZD/USD - Bearish Harmonic Pattern Signals Downtrend TrendThe NZD/USD currency pair is currently exhibiting strong bearish signals. A Bearish Harmonic Pattern has formed at a key resistance area, indicating a potential reversal. Additionally, a Bearish RSI Divergence on the 4-hour chart further supports our bearish bias.
_________________Technical Indicators_____________________
Bearish Harmonic Pattern:
The Bearish Harmonic Pattern detected at the key resistance level suggests a potential downward movement. This pattern is known for its high probability of signaling trend reversals, reinforcing our expectation of a bearish trend.
Bearish RSI Divergence:
The Relative Strength Index (RSI) on the 4-hour chart shows a bearish divergence, adding another layer of confirmation to our bearish outlook. The divergence indicates weakening momentum, suggesting that the recent upward movement is losing strength.
___________________Trade Setup_______________________________
Entry and Stop Loss
Entry Point: 0.61345
Stop Loss: 0.61535
The entry point is strategically placed below the resistance area to capture the expected downward movement. The stop loss is set slightly above the resistance to protect against potential breakouts.
Take Profit Levels:
To maximize potential profits, we have set three take profit levels:
TP-1: 0.61155
TP-2: 0.60965
TP-3: 0.60775
These levels are based on historical support zones and Fibonacci retracement levels, ensuring logical and technically sound exit points.
Conclusion:
The confluence of a Bearish Harmonic Pattern and a Bearish RSI Divergence at a critical resistance area strongly indicates a potential bearish trend for the NZD/USD pair. By following the outlined trade setup, traders can effectively capitalize on this anticipated market movement. Always ensure to manage risk appropriately and adjust stop losses and take profits as the market evolves.
Levels discussed on 27th May Livestream27th May
DXY: Consolidating along 104.70 level, could retrace to 104.90 (50% retracement level), looking to continue lower to support 104.50
NZDUSD: Buy 0.6150 SL 25 TP 65
AUDUSD: Buy 0.6666 SL 20 TP 60
USDJPY: Buy 157.30 SL 30 TP 65
GBPUSD: Break previous high, Buy 1.2765 SL 20 TP 50 or double top Sell 1.2745 SL 20 TP 60
EURUSD: Sell 1.0850 SL 15 TP 45
USDCHF: Sell 0.9125 SL 30 TP 50
USDCAD: Look for reaction at 1.3610
Gold: Wait for retracement to complete, Below 2325 could trade down to 2300
NZD/USD SHORT FROM RESISTANCE
Hello,Friends!
We are now examining the NZD/USD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.607 level.
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Kiwi H1 | Rising into 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 0.6138 which is a pullback resistance.
Stop loss is at 0.6167 which is a level that sits above a pullback resistance.
Take profit is at 0.6092 which is a pullback support that lies above 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. 70% 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.
buy #eurnzd at 1.7980 and take profit at 1.8102 ratio 1:3buy #eurnzd at 1.7980 and take profit at 1.8102 ratio 1:3 is a trade idea as $nzdemployment data made big miss and were so bad but since #nzdusd #eurnzd #gbpnzd outperform on #nzd side while shoulf be the opposite so i try this trade.
may market wanna put off all retail trader
may copper are up so much that boost nzd
for now i see 0 reason why nzd outperform after the so bad employment data
so i try with eurnzd but may better gbpnzd..only nzdjpy gone in good way but coz boj intervention
NZDUSD Sellers In Panic! BUY!
My dear followers,
This is my opinion on the NZDUSD next move:
The asset is approaching an important pivot point 0.6111
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6119
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Bullish bias on NZDUSD monthly timeframePosition: Long
Entry date: 05/24/2024 on daily timefrime.
Risk/reward: 1:2.27
Pros:
1) The quarterly trend is bullish.
2) The monthly timeframe shows a 2-2 Bullish Reversal pattern.
3) The daily timeframe shows a potential 2-1-2 Bullish Reversal pattern that goes along with the weekly timeframe continuity(when the new weekly candle opens on Monday).
Cons:
1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
2) The first entry was already triggered, so we missed some movement, but it's okay not to be the first in.
3) The weekly timeframe doesn't show a confirmation pattern.
Ancient Trendline with RSI Divergence After a long wait, a trading opportunity that is worthy has resurfaced. I'd execute a long order on NZDUSD when it retest the trendline at 0.6096 and my initial stop-loss is at 0.6076(-20). TP1 will be at the immediate resistance and that's when I'll shift stops to entry.
Levels discussed on 24th May livestream 24th May
DXY: Consolidating around 105, break 105.10 to trade up to 105.50 (needs to stay above 104.80 to remain bullish)
NZDUSD: Sell 0.6070 SL 20 TP 75
AUDUSD: Sell 0.6610 SL 20 TP 50
USDJPY: Buy 156.95 SL 25 TP 70-100
GBPUSD: Sell 1.2685 SL 30 TP 40
EURUSD: Buy 1.0830 SL 30 TP 60
USDCHF: Sell 0.9125 SL 30 TP 50
USDCAD: Wait for now
Gold: Wait for retracement to complete, Below 2325 could trade down to 2300
Hawkish RBNZ meeting buoys NZDUSDThe Reserve Bank of New Zealand (RBNZ) has warned about high domestic inflation despite having one of the highest interest rates among major central banks. The committee discussed raising rates but acknowledged that the economy can't handle it. As a result, markets have postponed expectations of a rate cut to November.
The NZD/USD has been steadily rising since April, even after breaking above the longer-term trendline resistance. While the Kiwi dollar is approaching overbought conditions, there is still potential for short-term gains. The next major resistance level is at 0.6200, but first, a test of yesterday's high at 0.6152 is needed. If there is a pullback, prices could settle around the 0.6050 level, which aligns with the 200 SMA.
Kiwi Upside Bias Strengthened after Hawkish RBNZThe Reserve Bank of New Zealand delivered a hawkish hold on Wednesday, as it raised the OCR forecast to 5.7%, leaving room for further tightening. Policymakers believe that longer restriction may be needed to achieve the 1-3% inflation target and also upgraded their forecast, expecting CPI to fall less and slower than previously thought.
The US Fed meanwhile has adopted a cautious stance towards removing monetary restraint, due to stubborn inflation this year, strong economy and robust labor market. The central bank is still widely expected to lower rates this year though. Most commentary - including from Chair Powell - has dismissed prospects of rate hikes, pointing to the need that sustained restrictive stance to control inflation.
The monetary policy differential favors the Kiwi, since RBNZ has kept more tightening in play, whereas its US counterpart has hinted to cuts. NZD/USD is on the driver’s seat with the ability to tackle 0.6219, although news 2024 highs, but further gains towards 0.6412 have higher degree of difficulty.
On the other hand, the Fed’s apprehension provides support to the greenback and this can create pressure back toward the EMA200 (black line). Daily closes below it would pause the upside bias, but sustained weakness below it does not look easy – fundamentally and technically as the daily Ichimoku looms.
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 (trading as “FXCM” or “FXCM EU”), 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
Levels discussed on 23rd May livestream23rd May
DXY: Needs to break 105 resistance, to trade up to 105.50
NZDUSD: Sell 0.6065 SL 30 TP 70
AUDUSD: Sell 0.6610 SL 20 TP 50
USDJPY: Buy 157 SL 30 TP 95
GBPUSD: Likely to stay just above 1.27, Sell 1.2690 SL 25 TP 85
EURUSD: Sell 1.0790 SL 20 TP 60
USDCHF: Buy 0.9165 SL 25 TP 60
USDCAD: Buy 1.3710 SL 25 TP 50
Gold: Below 2350 could trade down to 2330