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Nzdusdlong

Trade Recommendation: Long NZDUSDWe've identified a potential buying opportunity in the NZD/USD currency pair. Currently, the market price stands at 0.59062. We suggest considering a long position at this level. Trade Details: Currency Pair: NZD/USD Entry: Market price (0.59062) Stop Loss: To manage risk, set a stop loss level. Target: We anticipate a target price around 0.60300 levels. Disclaimer: Trading in the foreign exchange market involves significant risk, including the potential loss of principal. The information provided here is for educational and informational purposes only and does not constitute financial advice. Past performance is not necessarily indicative of future results. Before engaging in any trading activities, it is essential to carefully consider your financial situation, risk tolerance, and investment objectives. Additionally, seek advice from a qualified financial advisor if necessary.
Long
by Maven_Trader24
NZDUSD to turnaround from the downtrend?NZDUSD - 24h expiry Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6100. We look to Buy at 0.6020 (stop at 0.5992) Our profit targets will be 0.6090 and 0.6105 Resistance: 0.6050 / 0.6090 / 0.6100 Support: 0.6025 / 0.6020 / 0.6000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
NZDUSD LONG 100 PIPSThe NZDUSD currency pair is currently hovering within a favorable buying zone, presenting an opportunity for traders to capitalize on potential upward movement. This zone, typically defined as a range of approximately 100 pips, is where market dynamics suggest a higher probability of price bouncing upward. Such zones often coincide with key support levels, technical indicators, or chart patterns, indicating a temporary halt or reversal of a downward trend. Traders eyeing this setup may consider entering long positions, anticipating a bullish momentum that could drive the price towards their profit targets. However, prudent risk management strategies should be employed, including setting stop-loss orders to mitigate potential losses in case the market moves against the anticipated direction. Overall, understanding and effectively navigating such buy zones can enhance trading success by aligning with market dynamics and maximizing profit potential in the NZDUSD pair.
Long
by MOAZAM1133
NZDUSD to turnaround?NZDUSD - 24h expiry We are trading at oversold extremes. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6010 will confirm the bullish momentum. The measured move target is 0.6035. We look to Buy at 0.5990 (stop at 0.5968) Our profit targets will be 0.6045 and 0.6060 Resistance: 0.6010 / 0.6030 / 0.6035 Support: 0.6000 / 0.5990 / 0.5975 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD Long at "New Product Pre-Release Sale"Just long-ed NZDUSD when price came to a level where "The Market Remembers"(support area). The final push towards the down side was strong, and then 10/20 Period Mean Price crossed over, signalling to me that the dynamics has changed. The 10 Period Mean Price is able to be higher than the 20 Period Mean Price, telling me that there's a shift in peoples wallets. Take a look at the 4H Time Frame, and it will be apparent that we are trading based on the Big Boys "The Market Remembers" level. We could ride the coat tail of the big boys, helping them gather the wood they need and selling it to them for a premium. Don't be like rice farmers. They sow, they slog, and get paid pennies while the rice buyers aka big boys get fed and fat. Rather the rice rots than to sell it to the big boys. But we are not mere farmers, so, we get to bargain with the big boys. I will be exiting if I see that the demand is not there and unable to get my higher prices, aka, I will be cutting my losses quickly, instead of letting my cows die in the farm. Grade AAA beef too expensive, nah? ok, I will sell it to at a lower price, dont go to the next door farm, please.(You better watch out, bruh). But if price is able to rise, and our premium wag-yu is in high demand, we will sell it to the highest bidder and provide dough for our fam. Gotcha fam. 1304SGT 18032024
Long
by ProfessionalDuckHunter
NZDUSD to continue in the upward move?NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. The correction lower is assessed as being complete. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 0.6170 will confirm the bullish momentum. We look to Buy at 0.6150 (stop at 0.6130) Our profit targets will be 0.6200 and 0.6215 Resistance: 0.6170 / 0.6190 / 0.6200 Support: 0.6150 / 0.6130 / 0.6125 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDUSD to find buyers at current support?NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Short term RSI has turned positive. A move through 0.6095 will confirm the bullish momentum. The measured move target is 0.6125. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 0.6080 (stop at 0.6060) Our profit targets will be 0.6130 and 0.6145 Resistance: 0.6100 / 0.6120 / 0.6160 Support: 0.6090 / 0.6080 / 0.6070 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA