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New Zealand Dollar / U.S. Dollar

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NZDUSD trade ideas

NZDUSD SHORT TRADE OUTLOOK (SEPT. 24-27)>The New Zealand Dollar experienced an explosive rally today, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders. >We can now observe five invalidated supply zones lined up on the chart. >Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop. >The US Dollar Index remains undervalued ( refer to my USD analysis for more insights ). >Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move. ***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
Short
by TradersPod
NZD/USD blasts to 2024 highs as golden cross triggered Given its status as cyclical currency closely tied to the fortunes of the global economy, it comes as no surprise that NZD/USD blasted to a 2024 YTD high following China’s latest stimulus announcement. Having broken long-running downtrend resistance, and with momentum indicators providing bullish signals without being overbought, there could further upside to come for the Kiwi as speculation swirls that China may announce fiscal stimulus measures in the coming days to boost flagging domestic demand. Put simply, ahead of Golden Week holidays in China, risks appear skewed to the upside near-term even after the run we’ve seen. We’ve even seen the 50-day moving average cross the 200-day moving average from below, delivering a golden cross. Even though I’m not putting any weight on the event trigger, it’s like the cherry on top for bulls. One option is to buy the break now with a tight stop below for protection, although that screens as a lower probability play with the pair sitting in between two levels. My preference would be to wait for a potential pullback towards .6300, allowing for a stop to be placed below the level or former downtrend for protection. Alternatively, if we see a push above .6370, you could buy the break with a tight stop below for protection. For the latter setup to work from a risk-reward perspective, you’d need to target .6540. Good luck! DS
Long
by FOREXcom
Noob here. Thanks in advance!Hello all! I'm trying to grab the basics here in chart reading so I will make various posts to make sure I'm going in the right directions. Please if you stumble upon this feel free to give me a little bit of feedback if I'm in the right direction or even off by a mile and what I should be looking for! I have joined Six Figure Capital and am looking to become a full time trader at some point. This is an example of a down trend that I could find, please let me know if I'm correct on this!
by dattoneguy
2
Lingrid | NZDUSD updating SWING highs. Bullish MOMENTUMFX:NZDUSD is making higher lows, indicating bullish pressure, though the higher highs are relatively at the same level, suggesting a potential breakout of resistance. The recent formation of a bullish continuation a triangle pattern, typically signals that the market is consolidating before a potential breakout. As the market approaches the psychological level of 0.63000, which acts as a resistance zone on the daily timeframe, there is a possibility that it might break through this level. The price action on the daily timeframe appears very bullish, therfore I expect the market to a pullback before attempting to break through this resistance and continue higher. My target is resisatnce around 0.62990 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
2
Bearish drop?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 0.6293 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci extension. Stop loss: 0.6346 Why we like it: There is a resistance level at the 161.8% Fibonacci extension. Take profit: 0.6212 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Could the kiwi reverse from here?The price is rising towards the pivot point which has been identified as a pullback resistance and could drop to the 50% Fibonacci support. Pivot: 0.6293 1st Support: 0.61901 1st Resistance: 0.6350 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.
Short
by ICmarkets
1
Using Probability to Guide My Long Positions on NZDUSDThe NZDUSD pair is showing bullish potential due to several key factors. Recent US inflation data came in softer than expected, which could lead to a more dovish stance from the Federal Reserve. Additionally, the Fed's recent interest rate cut is likely to weaken the US dollar, benefiting the New Zealand dollar. These factors, combined with NZDUSD's positive momentum over the past week and month, support a bullish outlook for the pair. To capitalize on this potential, I'm using probability-based analysis to enter long positions. By focusing on high-probability setups, I aim to achieve more consistent results over time. 12M: 2W: 1H: I’d love to hear your thoughts on the NZDUSD outlook and my trading strategy. Please share your insights or questions in the comments below!
Long
by Jasminex1x2
Kiwi H4 | Potential bullish bounce off 50% Fibo supportThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6182 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6141 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 0.6256 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. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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.
Long
by FXCM
1
NZD/USD Hits Supply Level,Potential Double Top Formation SignalsAs forecasted in our recent analysis, the NZD/USD pair has reached the key supply level around 0.6230. At this level, a potential double top formation is emerging, which, in confluence with the supply area, suggests that a retracement may be on the horizon. Adding further weight to the potential for a pullback, the latest Commitment of Traders (COT) report shows that retail traders are heavily long on the NZD/USD, which often serves as a contrarian indicator when combined with technical signals like the double top pattern. Today's focus for investors will be on the preliminary US Purchasing Managers Index (PMI) data for September, which could provide more clues for the next movement in the NZD/USD pair. The Manufacturing PMI is expected to tick up slightly to 48.6 in September from 47.9 in August, signaling a continued contraction in the sector but at a slower pace. Meanwhile, the Services PMI is projected to slip marginally to 55.3 in September from 55.7 in August, indicating a still-expanding services sector, though at a slower rate. Given the current technical setup at the supply zone and the economic backdrop, we are looking for a short setup on NZD/USD, anticipating further downside pressure. The likelihood of a stronger USD could rise, particularly if today's PMI data supports the case for US economic resilience, contrasting with weakness in other major economies like Germany, where the Flash Manufacturing PMI has disappointed markets. As the EUR/USD continues to fall following poor German data, further strengthening of the USD could weigh on the NZD/USD pair, reinforcing the bearish outlook. The combination of retail traders' long positions, a possible double top formation at the supply zone, and positive momentum in the USD positions the pair for a potential retracement, offering a favorable opportunity for short-term bearish setups. Traders should watch today's PMI releases closely, as any stronger-than-expected results from the US could amplify USD strength and accelerate the anticipated pullback in the NZD/USD pair. ✅ Please share your thoughts about NZD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Buy to Sell NZDUSD!!!From a weekly perspective, we are coming from: - inverted volume gap - orderblock The DoL is to the upside Specifically the swing high points, Lq1 (0.62992) Lq 2 (0.63696) etc, Going into next week we expect a continuation of that bullish momentum to retest the weekly OB and then get the pullback. Daily Swig Structure = Bullish Daily Internal Structure = Bullish Daily Fractal Structure = Bullish We trade the immediate structure. Our Immediate structure is the internal Structure, which is bullish. This means that we have no business selling this currency, we should only be looking for buying opportunities for better odds of success. We know we are buying but where are we buying from? Price moves in phases: 1. Phase 1 - Break of structure. 2. Phase 2 - Retest of the previous structure. 3. Phase 3 - Continuation of the dominant trend. Since we are trading the internal structure,we have to examine the phase price is in: ===> we are in phase 2. As long as price has not taken out the Internal targeted High, we can assume that price is not yet done and we may actually get a bearish pressure. However, NZDUSD has show alot of bullishness and for a good reason. Looking at the weekly, we are coming off a strong Orderblock/support level. In essence, we have mitigated the first weekly imbalance and therefore the DoL is to the upside targeting the Swing Highs. That forms a good narrative and logic for why we may see a continued pressure. Now that we know the DoL is to the upside, we need to assess where we should buy from. Our lower timeframes gives us the answer to that, as in Set Up 1. Also, we should not that on the daily timeframe, we had a volume gap (0.62434 & 0.62496), if price closes above the gap, and breaks the Fractal High, we should look for entry opportunities at that Inverted FVG as in Set Up 2. ------------------------------------------------------------------------------------------ 4hrly Swing Structure = Bullish 4hrly Internal Structure = Bearish 4hrly Fractal Structure = Bullish We trade the immediate structure. The 4hrly internal Structure is our immediate structure. Price is in phase 2. We need to get involved in phase 3 of price. We can see that the internal structure switched bearish. This could be interpreted as the first confirmation that the 4hrly swing pullback has started. The fractal market switching bearish was the first signal, but now the internal switching is a more powerful confirmation. Understanding this narrative, we may see price actually falling. What gives us the confidence that internal pullback is over? ===> When we get the Break of fractal targeted Low. We have to be smart about how we trade this; We have an orderblock above the fractal targeted high and price may reach this order block first before we see price melting to the downside. So in essence, we have to follow the fractal orderflow which is bullish until we get to our OB. If we close abov our 4H targeted high, our set up is invalidated Notice also how after taking the liquidity above the FOMC Candle price has started consolidating. this is building liquidity. ------------------------------------------------------------------------------------------ 15mins Swing Structure = Bullish 15Mins Internal Structure = Bullish 15mins Fractal Structure = Bullish What is the narrative? We need to buy, tap into a HTF OB then sell this market. But where are we buying from? Well, look at the 15 mins, we have two clean orderblocks
Long
by DagemFxStudio
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 :-)
Short
by ShahedZare