NZDUSD Short Sell LimitDXY about divertion has been foam ,
sell limit at the point of fair value gap as well as the 50-618 fibo level
i trust on my own analysis , and i did well on my risk management.
staytune.
USDNZD trade ideas
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Trade idea for NZD/USDLooking at the chart we can see that there was some respect for the levels of the Fibb.
We can see that the price reversed on the 0.618 and then again on the 0.382 level.
What we could do now is trade here and see if we can maybe get some profit to the topside now.
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.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
A valid setup CPI confirmed yesterdayHello everyone, hope we're all doing very well !.
CPI pushed price down to tap the H4 order block which price actually did reject with an H4 hammer candle that adds even more confirmation for the buy.
The SL which is just below the order block is 0.5980 (26 pips)
Entry is just around this place price is but since price has moved already you can enter at the current price (0.6007).
Use proper risk and money management and try not to over-leverage your account.
NZDUSD Is Bullish! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.599.
The above observations make me that the market will inevitably achieve 0.601 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Kiwi H1 | Potential bearish breakoutThe Kiwi (NZD/USD) is falling towards a potential breakout level and could break through this level to drop lower.
Sell entry is at 0.5992 which is a potential breakout level.
Stop loss is at 0.6025 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance.
Take profit is at 0.5950 which is a pullback support.
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NZD-USD Potential Long! Buy!
Hello,Traders!
NZD-USD is going down
And will soon hit a horizontal
Support level of 0.5978
From where a local bullish
Rebound will be expected
Buy!
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Check out other forecasts below too!
Did you miss out on the surprise NZD/USD trade? The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, sending the New Zealand dollar plunging by 1% against the U.S. dollar. The move caught markets off guard, as most analysts had anticipated the central bank would hold rates steady until at least its next meeting. Today wasn’t supposed to be the day, but these are the moments traders eagerly anticipate to capitalize on sudden market shifts.
The RBNZ's decision underscores a growing trend among central banks, signaling a potential global shift in monetary policy. This early rate cut hints that central banks may be increasingly focused on fostering economic growth and ensuring a soft landing amid weakening economies. The big question now: Will the Federal Reserve follow suit?
The NZD/USD had been on an upward trajectory for nearly two weeks, but that rally has now reversed. The pair has broken above the 200-day moving average and is nearing the 50-day as well. The key support zone around 0.5850, which has held since last September, could now be in play, with a closer pivot point near 0.5980.
NZDUSD: Market of Buyers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDUSD pair price action which suggests a high likelihood of a coming move up.
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NZDUSD 12:28 14/08/2024Posted this for fun. Was going to do 3 RR but i'm playing it safe with 1.5 again. The was some NZDUSD news recently and it following and I expect price action to reach 0.59 before September. Price is still been following a trendline put on ages ago.
Market Analysis: NZD/USD Trims GainsMarket Analysis: NZD/USD Trims Gains
NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is declining from the 0.6080 resistance zone.
- There is a major bullish trend line forming with support at 0.6010 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.6000 zone. The New Zealand Dollar broke the 0.6035 resistance to start the recent increase against the US Dollar.
The pair climbed above 0.6060 and the 50-hour simple moving average. It tested the 0.6080 zone and is currently correcting gains. The pair corrected lower below the 0.6060 level. The pair also traded below the 50% Fib retracement level of the upward wave from the 0.5988 swing low to the 0.6081 high.
The NZD/USD chart suggests that the RSI is now well below 50 and signaling more downsides. On the downside, there is major support forming near 0.6010 and a trend line.
The trend line is close to the 76.4% Fib retracement level of the upward wave from the 0.5988 swing low to the 0.6081 high. The next major support is near the 0.5990 level.
If there is a downside break below the 0.5990 support, the pair might slide toward the 0.5980 support. Any more losses could lead NZD/USD in a bearish zone to 0.5950.
On the upside, the pair might struggle near 0.6035. The next major resistance is near the 0.6060 level. A clear move above the 0.6060 level might even push the pair toward the 0.6080 level. Any more gains might clear the path for a move toward the 0.6200 resistance zone in the coming days.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NZDUSD Is Looking For A Bigger RecoveryLooking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can recover the price back to the upper triangle line. Wave A looks to be finished after RNBZ delivers surprise 25 BPS rate cut to 5.25% today, so seems like it’s now making a pullback in wave B that can retest 0.59x support area before a continuation higher for wave C towards 0.61 – 0.62 resistance zone.
NZD/USD Plunges Following RBNZ DecisionNZD/USD Plunges Following RBNZ Decision
The exchange rate fell by 1.1% after the Reserve Bank of New Zealand cut interest rates by 25 basis points to 5.25% and signalled further easing.
According to RBNZ Governor Adrian Orr:
→ Inflation is returning to the target range, and the bank may begin normalising rates;
→ Several scenarios were considered, and consensus was reached for a 25 basis point rate cut;
→ Forecasts indicate that New Zealand is moving towards a period of low and stable inflation;
→ The economy is meeting expectations, although high-frequency data show some weakening.
The rate cut decision was somewhat unexpected, as the RBNZ had previously forecast that the rate-cutting cycle would start later. This has resulted in increased volatility in the NZD/USD chart today.
According to technical analysis of the NZD/USD chart:
→ In August, the price formed an ascending channel (shown in blue);
→ Yesterday, a bearish Double Top pattern emerged above the upper boundary of the channel—this was a warning signal for bulls, considering that the RSI indicator was in overbought territory;
→ The RBNZ decision pushed the price to the channel’s median, which is acting as support.
It is possible that the median may be breached by bears and the decline could continue. If so, support may be anticipated at the psychological level of 0.600 and the 0.598 level, which acted as resistance in early August before switching roles.
Much of the future direction of the NZD/USD rate will depend on news from the US: today, at 15:30 GMT+3, the Consumer Price Index (CPI) figures will be released.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
