NZDUSD BuyCould be a nice buy opportunity on NZD/USD from this demand level we tapped into. Just waiting for entry confirmation to take this trade. It’ll probably be a quick play for equal highs
NZDUSD trade ideas
Bearish drop off 78.6% Fibonacci resistance?The Kiwi (NZD/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the pullback support.
Pivot: 0.5984
1st Support: 0.5832
1st Resistance: 0.6062
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.
NZD/USD Weekly Analysis"On Monthly:
It made a Hammer formation at the Psychological Support 0.58000 which is Bullish candle formation.
It potentially can go up to 0.6000 which is another Psychological number / Rersistant ultimately.
However, as all three EMA and other USD pairs show, the primary move is Bearish.
-- On Weekly:
It seems it has made a Bi-Lateral flag after a major Bearish move since 2021.
last week made a Bullish Engulfing Candle moving up to 0.6000.
Although, temporary it can be Bullish, but Primary move is Bearish as all three EMAs are Bearish.
--On Daily:
this time frame doesn't give us much more data than what we have seen on Monthly and Weekly. It just proves that Bull are in charge temporary in a primary Bearish move.
-- On Hourly:
Lower time frame confirms the same thing which is Bullish move up to 0.6000 as it broke the Bearish trend and runing above all three EMAs, 200, 50,and 20.
One opportunity would be price comes down and touch and get rejected at 0.59000 to continue Bullish up to 0.6000."
NZD/USD Eyes Key Liquidity Zones for Potential ReversalThe NZDUSD is at an strong FVG zone at the higher end near 0.5960-0.6070, marking a major resistance or liquidity area. This zone aligns with the prior HH, making it a critical area for potential reversals or breakouts.
Bullish Scenario: A breakout above 0.5940 targets the strong FVG near 0.6070.
Sustained bullish momentum could confirm a mid-term reversal toward 0.6100 and higher.
Bearish Scenario: A rejection at the strong FVG would target the Major Low at 0.5780. A break below 0.5780 could signal a continuation of the broader downtrend.
NZDUSDLooking at NZD/USD, we notice an unfilled imbalance on the downside, which aligns with the overall market structure. We've observed a change of character, shifting from bullish to bearish, indicating that buyers have now stepped into the market. This change of character was confirmed by the break of previous highs.
Currently, we're waiting for a higher low to form, signaling the continuation of the bullish trajectory and the opportunity to fill the upside imbalance. While we wait for this higher low, we’ll focus on lower timeframes to look for optimal entries, aiming to align with smart money and institutional traders.
NZDUSDNZDUSD
The potential buy scenario for the pair next week:
The pair is to be monitored as it approaches the designated buy zones on the chart.
SPOT GOLD is EXPECTED TO DROP TOWARDS 2480-2465 IF 2605/2535 BRKSPOT GOLD is in a Correction Down on the Weekly , it is in a ABC Correction on the Daily . We believe Wave B is Complete and C has began and Expected to complete below A which is 2535. Moreover the Bulls has NO Strength and are struggling to Rise. Technically , it should happen if Geo Political News doesn't affect. Alternatively, If 2665/2687 Breaks then our outlook has to be Re- Analyzed and projected again.
NZDUSD break of daily structure .. the week of 02/12/2024A break of structure on the daily chart is a pretty big deal and we see that the kiwi has done that breaking to the upside. After being bearish for the past 2 months, NZDUSD is now bullish.
Looking for an entry on the H4 chart, I like to take a fib of the last bullish move and have marked a zone (green) between the 50-61.8% retracement. If I see evidence of bullish price action here, I will be interested in taking a long entry. Stop will be below the recent swing low and will aim for the next resistance at 0.6000.
This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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Please comment and share your thoughts too!!
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NZDUSD Eyes Upside as USD FaltersHello,
OANDA:NZDUSD has experienced significant upside and is now poised to rise toward the 1M PP. While the market still has a bearish undertone, it is likely to turn bullish soon. The price has established itself above the 1W/1D resistance levels, which is a promising indication. A key resistance to watch is at 0.601404. As highlighted in the previous analysis, the USD has weakened.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZDUSD SWING SELLI will looking to enter downside positions on the NZDUSD going into the first week of december. Goodluck to my followers.
NZDUSD’s bounce might have potentialRecent American data generally in line with expectations supported the impression that the Fed will continue to cut gradually, while the RBNZ’s double rather than triple cut on Wednesday also gave some support recently to NZDUSD. The selection of Scott Bessent as incoming American Treasury Secretary has somewhat decreased the likelihood of immediate large tariffs.
The 20 SMA is an important dynamic resistance on the chart of NZDUSD and might push the price lower in the next few days, but a close above there could signal an ongoing bounce. There’s no clear signal from volume though so a new sideways trend is also a possibility.
58c on 26 November was the lowest price since around this time last year, so it might be difficult to break below there without a clear fundamental driver, possibly 6 December’s NFP. A move back above 60c seems very unlikely in the next few days unless sentiment shifts notably.
NZDUSD - The uptrend of the dollar is over?!The NZDUSD currency pair is located between the EMA200 and EMA50 in the 4H timeframe. In case of a downward correction, we can see the demand zones and buy within that zones with the appropriate risk reward.
Although Trump has announced plans to impose tariffs on Canada, Mexico, and several other countries, closer analysis suggests that these measures are more related to addressing issues like migration and drug trafficking than economic policies. Therefore, these actions are not considered a serious threat to international trade and may be interpreted differently by the markets.
The appointment of Scott Bassant, a seasoned expert in currency markets and hedge funds, as the head of the economic team under President-elect Trump, has brought greater confidence to the markets. Bassant, who leans towards boosting the stock market, is likely to pursue more moderate policies, including reducing reliance on tariffs.
One of Bassant’s proposed approaches involves using a weaker dollar instead of trade wars and tariffs to achieve economic goals such as increasing domestic production, improving trade balance, and strengthening the stock market. If international agreements, particularly with China, are reached, this strategy could put additional pressure on the dollar.
Conway, Chief Economist of the Reserve Bank of New Zealand, has stated that Trump’s policies are currently viewed as a medium-term risk to inflation and economic volatility. Moreover, forecasts have not yet accounted for potential U.S. tariffs. Conway has also predicted that house prices in New Zealand will rise by 6.8% next year. While he does not expect a significant boom in housing prices, he anticipates a modest revival in the real estate market.
Meanwhile, Silk of the Reserve Bank of New Zealand has announced that for February, a rate cut of 25 or 50 basis points is under consideration. During this week’s meeting, all options were reviewed, but the committee quickly reached consensus on a 50-basis-point cut. He clarified that a reduction beyond this level was deemed unnecessary as there remains a need to focus on controlling domestic inflation.
NZDUSD → False breakdown of a double bottom. But...FX:NZDUSD is forming a local reversal pattern on the background of the dollar correction. It is too early to talk about a change of trend, but we can get a correction with the purpose of retesting the liquidity zone
On the daily timeframe earlier a false breakdown of the double bottom was made, the price was not let down and in a few days began to buy out on the background of news on inflation from the USA. Traders took the decline in inflation relatively positively and moved to profit-taking in the dollar, which gives the forex market a chance.
For now, the focus is on the 0.59-0.5912 zone. If the bulls can keep their defenses above this zone, we may get a rise to 0.597 (towards the descending channel resistance) in the long run
Resistance levels: 0.5912, 0.5972
Support levels: 0.588, 0.58166
But, we should not deny the downtrend. From any resistance the price can continue downward movement, as there are no preconditions that the market is ready to change the trend.
Regards R. Linda!
NZDUSD Daily: Is EMA(21) strong enough to block the bulls???The main trend is still downtrend as shown by the lowers lows and lowers highs but we can see a bounce from Support at 0.57966. The EMA(21) is acting as a dynamic resistance but if price managed to close above it should be a sign for a possible trend reversal, otherwise we may see a downward move continuation. The 0.57966 is a critical Support level and keeping an eye on that in case of a break could result in more downward move and more pips.
The RSI is just below 50 and a move above this level may sign a bullish momentum increase; on the other hand if drops below 40 it will sign a bearish continuation.
So the next moves will depends in how the price will move in relation to the EMA(21). We may don't see a clear picture that today(Friday 29th AEST) but next week we may have a better picture.
NZDUSD LONGNZDUSD LONG
nzdusd making bullish divergence after a long
bearish trend, now currently trying to break their last
LL, and print new HH, we will enter this reversal trade at
these levels.
NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong NZDUSD Daily Analysis: Slight Bullish Bias Expected Amid Strong NZ Data and Weak U.S. Dollar 29/11/2024
Introduction
The NZDUSD pair is expected to maintain a slight bullish bias today as positive economic data from New Zealand and continued weakness in the U.S. dollar provide upward momentum for the kiwi. Factors such as improved global risk sentiment and commodity price support further enhance the outlook for NZDUSD. This article examines the fundamental and technical drivers influencing the pair’s movement.
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Key Drivers Influencing NZDUSD
1. Strong New Zealand Economic Data
Recent economic indicators from New Zealand, such as robust business confidence and a recovery in export volumes, are boosting the New Zealand dollar (NZD). These positive fundamentals reflect the resilience of New Zealand’s economy, supporting the kiwi’s strength against the greenback.
2. U.S. Dollar Weakness
The U.S. dollar (USD) remains subdued as dovish Federal Reserve expectations weigh on investor sentiment. Recent declines in U.S. consumer sentiment and weak durable goods orders reinforce market expectations of a prolonged rate pause, reducing demand for the USD.
3. Improved Risk Sentiment
Global markets are experiencing a rebound in risk appetite, favoring higher-yielding and commodity-linked currencies like the NZD. The easing of geopolitical tensions and stable equity markets are key contributors to the improved sentiment.
4. Rising Commodity Prices
As a commodity-driven currency, the NZD is benefiting from rising dairy and agricultural product prices, which are crucial to New Zealand’s export economy. This support further bolsters the kiwi’s bullish outlook.
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Technical Analysis
Moving Averages and RSI
NZDUSD is trading above its 50-day moving average, signaling continued bullish momentum. The Relative Strength Index (RSI) is approaching overbought levels but remains supportive of further upside.
MACD and Key Levels
The MACD indicator remains in positive territory, affirming the bullish trend. Key resistance is at 0.6400, with immediate support at 0.6320. A breakout above resistance could see the pair targeting 0.6450 in the near term.
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Conclusion
NZDUSD is likely to exhibit a slight bullish bias today, driven by strong New Zealand economic data, a weaker U.S. dollar, and favorable global conditions. Traders should watch for potential breakouts above resistance levels, while also staying alert to any changes in risk sentiment or economic releases.
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Could the Kiwi reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as an overlap support.
Pivot: 0.5937
1st Support: 0.5878
1st Resistance: 0.5974
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 - An end to a free fall?? Time for $$ to take break?NZDUSD has plunged to October 2023 lows although overall structure clearly shows this pair is in a range.
If you compare the dollar index to the NZDUSD you see an inverse correlation, Dollar reached a significant resistance whereas NZDUSD reached a significant support. But that 's not say price cant pierce through these zones as seen recently on the EURUSD pair on Friday. Price broke through prior support of .5850 and heading towards levels 0.5800 - 0.5780. Could it take a bounce from there?
I look for LONG scalp opportunities at these levels (.5800 - 5780) based on any exhaustive candlestick pattern on the LTF (H4). But first I'll look for short entries to these levels for a 20-40pips as no clear signal for LONG presents itself at the moment and then change my bias to LONG aiming for .5850 & .5910 price levels on the bounce.
Sentiment data showing buyers/sellers sentiment reaching extremes for a reversal? Till then.
NZDUSD (one of my best setups)One of my best setups is NZDUSD for a buy. The market recently broke out of a well defined channel wiith a strong bullish engulfing candle on the daily timeframe, signaling a shift in momentum. currently the price is in consolidation phase , likely accumulating orders and seeking to clear previous liquidity levels above. This behavior suggests the market is gearing up for a continuation of the bullish trend , providing an opportunity to position for futher upside as it aligns with higher timeframe directionsal bias and potential key liquidity zones.
NZDUSD's bounce could have potentialRecent American data generally in line with expectations supported the impression that the Fed will continue to cut gradually, while the RBNZ’s double rather than triple cut on Wednesday also gave some support recently to NZDUSD. The selection of Scott Bessent as incoming American Treasury Secretary has somewhat decreased the likelihood of immediate large tariffs.
The 20 SMA is an important dynamic resistance on the chart of NZDUSD and might push the price lower in the next few days, but a close above there could signal an ongoing bounce. There’s no clear signal from volume though so a new sideways trend is also a possibility.
58c on 26 November was the lowest price since around this time last year, so it might be difficult to break below there without a clear fundamental driver, possibly 6 December’s NFP. A move back above 60c seems very unlikely in the next few days unless sentiment shifts notably.
This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
NZDUSD (ONE OF MY BEST SETUS)One of my best setups is on NZDUSD for a buy. The market recently broke out of a well defined channel with a strong bullih enguling candle on the daily timeframe, signaling shift in momentum currently , the price is in a consolidatioon phase , likely accumulating orders and seeking to clear previous liquidity levels above . this behavior suggests the market is gearing up for a continuation of the bullish trend , providing an opportunity to position for further upside as it aligns with higher timefrane directional bias and potential key liquidity zones.
Potential BullsAs it seems, it's like the market is on wave 4 of a smaller degree in a bullish momentum, we think that after the correction we'll proceed to the upside. That's our opinion as for now with the KIWI pair.
