NZDUSD: Bearish Stocks And Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60000 support and resistance area.
Trade safe, Joe.
NZDUSD
NZD/USD low in?The NZD/USD has bounced strongly off its overnight lows, following a sharp drop below 0.5860 support where it had bounced in July. If it can post a daily close above its opening level, it will created a hammer-like candle on the daily to suggest a major has been formed. But let's wait for that confirmation and US ISM services PMI data before turning bullish on the NZD/USD.
The unwinding of carry trades continued to be the main trend overnight, leading to significant fluctuations in currencies such as the Japanese yen and Swiss franc, while stock indices and US futures declined. Once the equity markets stabilize, other currencies may start to strengthen against the dollar. Currently, only the euro has shown any notable strength, besides currencies with lower interest rates like the JPY, CHF, and CNH. The overall outlook for the US dollar is likely to become more negative as the equity markets stabilize, given the recent sharp adjustments in US interest rates.
By Fawad Razaqzada, market analyst at FOREX.com
Sell NZD/USD Channel Breakout (Today NFP)The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.5952, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.5907
2nd Support – 0.5880
Stop-Loss: To manage risk, place a stop-loss order above 0.5984. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Heading into 61.8% Fibonacci resistance?XAU/USD is rising towards the resistance level which is an overlap resistance that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,457.72
Why we like it:
There is an overlap resistance level which is slightly above the 61.8% Fibonacci retracement.
Stop loss: 2,473.77
Why we like it:
There is a pullback resistance level.
Take profit: 2,431.07
Why we like it:
There is an overlap support level.
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.
Bearish drop?NZD/USD has reacted off the resistance level which is an overlap resistance that is slightly above the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5980
Why we like it:
There is an overlap resistance level which is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.6005
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 0.5918
Why we like it:
There is a pullback support level which lines up with the 50% Fibonacci retracement.
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.
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap resistance and could potentially drop to the 1st support level.
Pivot: 0.5980
1st Support: 0.5904
1st Resistance: 0.6037
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.
Find the bottom of AUDUSDThe Australian Dollar trades around 0.6500 on Wednesday. The daily chart analysis shows that the AUD/USD pair has broken below a descending channel. The 14-day Relative Strength Index (RSI) is hovering near the oversold 30 level, indicating a potential upward correction soon.
Immediate support for the AUD/USD pair is around the throwback support around the 0.6470 level.
On the upside, key resistance is around the “throwback support turned resistance” at 0.6575, aligned with the nine-day Exponential Moving Average (EMA) at 0.6581. A break above this level could lead the AUD/USD pair to test the psychological level of 0.6600, with a potential aim for a six-month high of 0.6798.
BUY NZDUSD zone 0.59100-0.58900
↠ Stoploss 0.58700
→ Take Profit 1 0.59400
→ Take Profit 2 0.60100
GBP/USD : Possible Falling ? (READ THE CAPTION)By analyzing the #GBPUSD chart on the 4-hour time frame, we observe that the price encountered strong selling pressure upon reaching the marked supply zone on the chart (1.2820 to 1.2865) and corrected down to 1.27840. The last traded price (close) for GBPUSD is 1.27993, and if the price stabilizes below this level, we will likely see further decline in this currency pair. This analysis will be updated accordingly.
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EUR/USD : The Price Will Fall ? (READ THE CAPTION)By analyzing the #EURUSD chart on the 4-hour time frame, we observe that on Friday, the price reached the Bearish Order Block around 1.09240 and finally showed an initial negative reaction after a significant upward movement. The last traded price in EURUSD was 1.09097, and if the price can stabilize below this critical resistance level, we might see a price drop to fill the liquidity void created by this rise. This analysis will be updated accordingly.
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NZDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 :-)
NZDUSD Is Approaching The Main Down TrendHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60600 support and resistance area.
Trade safe, Joe.
WEEKLY FOREX FORECAST July 15-19th: EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 8-12th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NZDUSD: Weak Market & Bearish Forecast
Balance of buyers and sellers on the NZDUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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NZDUSD Technical Analysis and Trade Idea US100👉🔍 Looking at the NZDUSD chart, we can clearly see that the price has broken out of a 4-hour downtrend. There is a noticeable break in market structure to the upside, followed by a significant rally. It has now reached a resistance level, and I'm anticipating a retracement back down to the 50% to 61.8% Fibonacci levels, where I'll be looking for a potential buy opportunity if the price action described in the video unfolds.
It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before making any buying or selling decisions, as explained in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
NZDUSD H4 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 0.5912, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 0.5980, a multi-swing high resistance.
The stop loss will be placed at 0.5856, which is a swing low upport level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
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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.
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1-Hour Chart Analysis NZDUSD short
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The 1-hour chart reveals a rising channel, with price nearing the upper boundary. The RSI is currently showing a lower low while the price shows a higher high, indicating bearish divergence which is often a sign of an impending reversal.
Key Observations:
Rising channel with price approaching the upper boundary.
RSI shows bearish divergence.
Sell confirmation conditions met:
RSI lower low.
EMA bearish crossover.
Higher time frame bearish trend.
Sell signal triggered at 0.59586, with targets at 0.5920 and 0.5880.
Bearish drop?The Kiwi (NZD/USD) has reacted off the pivot which has been identified as an overlap resistance and could drop to the 61.8% Fibonacci support.
Pivot: 0.5980
1st Support: 0.5904
1st Resistance: 0.6037
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 - Short after BOS !!Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. We have on H4 hidden divergence and on H1 regular divergence, I wait for break of structure to open short position.
Fundamental news: Tomorrow (GMT+3) we have NFP day in USA, also Unemployment Rate results, news with high impact on currency.
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NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : NZD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Reversal
0.58700 Area
Reasons
- Major Turn level
- Major Support
- Candle Pattern
- Choch Zone
Bearish Reversal
0.60000 Area
reasons
- Major Turn level
- Visible Range Hvn
- Pattern Reversal
- Fixed Range hvn
- Fibo Golden
NZD/USD +150 Pips 0 Drawdown , New Entry Valid To Who Missed !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Trading Idea: Bearish Shark Setup on NZDUSDI wanted to share an interesting setup on NZDUSD that’s been forming for a while. Let’s dive into the details!
Current Overview:
Bearish Shark Setup:
Potential Reversal Zone (PRZ) : The setup has been hovering at the PRZ, which some traders might misinterpret as a violation.
Key Insights:
Having the Right Knowledge Matters : From my 19 years of trading and nearly 16 years of coaching, I’ve seen even experienced traders make mistakes in reading signals like this. It’s not uncommon for traders with 8 years of experience to misjudge such setups.
Strategy:
Second Chance Entry:
Key Level : 0.5935
What to Do: If you missed the initial signal, wait for the market to retest 0.5935 for a second chance entry opportunity.
Community Alert:
This Trade Alert was triggered at 14:00(SGT)
Final Thoughts:
Patience and proper signal interpretation are crucial in trading. If you’re looking for a second chance, keep an eye on 0.5935. Don’t hesitate to reach out if you need more insights or if you missed this trade.
What’s your take on this setup? Have you seen similar patterns before? Share your thoughts and strategies below!
Happy trading, everyone!
WEEKLY FOREX FORECAST July 29-Aug 2: USD EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 22-26th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.