NZDUSD Bearish Breakout!NZD-USD broke out of the
bearish flag and
The breakout is confrmed
So we will be expecting
A potential move down !
Nzdusdtrade
#NZDUSD: Possible Big Selling Opportunity! Dear Traders,
Hope you had a great weekend, now looking at the big picture of NZDUSD, we think price will likely to reverse after touching our area, DXY may become reverse in a week or two, while the pair is yet far from our entry point. We expect smooth drop; ensure you take appropriate risks when trading.
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NZDUSD Looking BullishThe Business Confidence report for New Zealand's NZD/USD reveals a positive shift in business sentiment, with a rise to 36.5 in January from the previous figure of 33.3. This indicates an optimistic change in how businesses perceive the economic environment. However, the NZD Activity Outlook, measuring firms' expectations for their own activity, witnessed a slight dip, decreasing to 25.7% from the earlier reading of 29.2%.
NZDUSD Analysis(➡️RR=2.00)🏃 NZDUSD is moving near a 🟢 Heavy Support zone($0.6110-$0.6050) 🟢.
📈Regarding Classic Technical Analysis , it seems that NZDUSD has succeeded in forming a Double-Bottom Pattern , and we are currently witnessing a pullback to the Neckline .
🌊In terms of Elliott wave theory , NZDUSD seems to have completed 5 impulsive waves and is currently completing corrective waves .
🌊Most likely, the structure of correction waves is Double Three Correction(WXY) .
🔔I expect the NZDUSD to rise to at least the 🔴 Resistance zone($0.6220-$0.6178) 🔴 again after the pullback completes.
New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 15-minute Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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NZDUSD Trading Plan - 28/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect NU to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NZDUSD A BULLISH ENTRYhello guys
NZDUSD Formed an inverted head and shoulder on a daily key level during the formation the price rejected a supply zone many times it also plays now as a neckline for the pattern
if the price manages to break and retest it may be a very good entry for a buying opportunity
NZDUSD Bearish Outlook: Technical and Fundamental AnalysisA comprehensive analysis spanning multiple timeframes presents a bearish outlook, augmented by fundamental factors. On the monthly chart, there's a clear rejection at a significant resistance level, indicating strong selling pressure at these price points. Shifting to the weekly timeframe, a notable observation is the breach of a critical support level, which has now turned into resistance. This shift was accompanied by a consolidation phase, highlighting a significant mitigation of positions and the addition of substantial short positions, further validating the bearish sentiment.
The daily chart provides a more granular view, showcasing a distinct breakdown in structure towards the downside. This technical breakdown suggests continued bearish momentum in the short term, as lower lows and lower highs form part of a downtrend.
From a fundamental perspective, the strength and momentum of the USD are evident, fueled by recent data releases that have kept the dollar "hot." Additionally, there's an observed bullish divergence with bonds, although this doesn't necessarily imply a long-term trend reversal.
On the New Zealand side, the upcoming Consumer Price Index (CPI) data release is anticipated to show a cool off, potentially setting the stage for an upward price correction. However, this expected bullish move should be interpreted with caution, as price action leading up to significant catalysts often respects the prevailing trend, which, in this case, is bearish.
In summary, while short-term bullish opportunities may arise from fundamental data releases such as the NZD CPI, the overarching technical analysis across monthly, weekly, and daily charts suggests a bearish trend for NZDUSD. Traders might consider looking for sell opportunities on rallies or breaks of structure, keeping an eye on key support and resistance levels for entry and exit points. Fundamental factors, including the strength of the USD and upcoming economic indicators, should be monitored closely to gauge their impact on the currency pair's direction.
NZDUSD SELL | Sell Setup| Short Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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NZDUSD Bearish Breakout!NZD-USD broke out of the
bearish pennant and
The breakout is confrmed
So we will be expecting
A potential move down !
Potential swing trade long for NZD/USDWe've seen a nice pullback on NZD/USD into a prior volume cluster, false break of 0.62 with a doji and a bullish divergence with the RSI (2).
Assuming US CPI doesn't surprise to the upside, this looks like a decent swing trade long setup. Although a risk-on vibe and broad USD weakness is required to make it work.
Take note that 1-day implied volatility is 2.5x its 20-day average, which is the highest among FX majors. The NZ-US CESI spread is also diminishing to show economic data from New Zealand is faring better than the US on a relative basis.
A break beneath the doji low invalidates the bullish bias.
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.
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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
RBNZ Rate Hike Hint vs US Cut Outlook: A 330-Pip OpportunityFrom a fundamental perspective, this pair has aggressively recovered upward. This is attributed to the downward trend shift of the dollar and projections for the NZD, which include talks of a potential interest rate hike in the first quarter of the upcoming year. However, the U.S. economy is showing signs of cooling down, leading to projections of rate cuts starting next year. These two economic factors - weakness versus strength - are likely to continue bolstering this pair's strength.
The take profit idea of the set up(330pips) is base on monthly ATR which is 330.
NZDUSD 25-29 outlookmy outlook on NU this upcoming week. NU has been moving with the trend beautifully and will most likely continue to do so for another while. make use of it while its still here
as always, follow your trading rules and position yourself wisely
NZDUSD - Retracement to fill imbalance ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure, so it is important to follow the trend and look for longs. For now I see price to make the retracement to fill imbalance lower and if price rejects from bullish order block I will consider to open a long position.
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NZDUSD Technical Analysis And Trade Idea The NZDUSD has shown notable upward momentum, reaching a significant resistance point on both daily and weekly charts. This video offers an extensive analysis, carefully scrutinizing price actions and uncovering potential trade prospects through comprehensive assessments across various timeframes, spanning from weekly down to 15-minute intervals. Expect a thorough examination encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's essential to highlight that the insights shared in this video are purely educational and should not be construed as financial guidance.
NZDUSD Analysis H1Here is my analysis for NZDUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZD/ USD ! 19/12 Resistance zone for SELL signal⭐️ Smart investment, Strong finance
⭐️ NZDUSD INFORMATION:
The trade balance of New Zealand experienced a decrease of $1.234B, which was contrary to the forecast of -$1.2B. This decline was a result of a slump in the trading of goods, with both imports and exports showing a decrease. As a result, it will be challenging for Kiwi buyers to find any incentives to bid during the upcoming week. However, the focus of most market participants will be on the US Dollar (USD) as the week comes to an end, with the anticipation of one final round of US inflation data.
⭐️ Personal comments NOVA:
Strong resistance zone, high trading volume, cannot be broken temporarily. Set up SELL signal
⭐️ SET UP NZDUSD PRICE:
🔥SELL zone: 0.62300 - 0.62450 SL 0.62900
TP1: 0.62000
TP2: 0.61700
TP3: 0.61400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
NZDUSD H1, FUTURE PERSPECTIVE ✅🧠Hello Traders!
This is my perspective for NZDUSD H1. At the moment, we can see a phase of accumulation, I expect a manipulation until 0.6115 and after that, to execute LONG TRADE.
Also, the level of 0.61700 is an important level of resistance to follow. Exactly from this level, I expect the distribution and I will look for a LONG TRADE ENTRY.
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NZDUSD - Look for a long ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 0.61000.
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NZDUSD Price Movement After Fed Turns To Timing Of CutsAfter breaking through a strong resistance level in the range of 0.617-0.618, the price of NZDUSD continued to move upward within the framework of impulse wave 3.
We expect the bullish trend to continue with minor pullbacks up to 0.645.
In recent weeks, the New Zealand dollar has been one of the strongest currencies, but we expect this trend to continue in the medium term due to the Fed's intention to cut rates in 2024.
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Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
NZDUSD About to Go Down!NZDUSD moving in a Channel and now testing its upper trendline, We may see selling from here and price will test middle and then lower line of the channel.
It's a long term trade so, mange your risk accordingly!
NZDUSD Looking BearishCertainly. Here's a rephrased version along with an explanation:
We recently observed a market response following our decision to initiate a sell position at 0.6122 on the 4-hour (H4) chart. This decision was based on identifying a resistance level that overlapped with the current market conditions.
In order to set clear risk and reward parameters, we established a profit target at 0.6064. This target aligns with an overlapping support level, indicating our expectation for a downward price movement.
To manage potential losses and protect our trade, we strategically placed a stop loss at 0.6189. Notably, this stop loss coincides with another overlapping resistance level. This placement aims to limit losses in case the market moves against our sell position, providing a risk management strategy aligned with the identified chart patterns.
