NZDUSD Is Going Up! Long!
Please, check our technical outlook for NZDUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.609.
The above observations make me that the market will inevitably achieve 0.613 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDUSD
Falling towards 38.2% Fibonacci support?NZD/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6100
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.6069
Why we like it:
There is a pullback support level which is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.6144
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
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.
NZDUSD Massive Long! BUY!
My dear subscribers,
This is my opinion on the NZDUSD next move:
The instrument tests an important psychological level 0.6071
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6109
My Stop Loss - 0.6047
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Independence Day (4th July) Analysis4th July (Independence Day)
DXY: Likely to consolidate between 105.15 and 105.45. Below 105, could trade down to 104.60. Break 105.45 could trade up to 105.90 (More likely scenario)
NZDUSD: Sell 0.61 SL 20 TP 45 (DXY strength)
AUDUSD: Sell 0.67 SL 30 TP 75
USDJPY: Range between 161.10 and 162
GBPUSD: Straddle: Buy 1.2780 SL 20 TP 80 or Sell 1.2725 SL 20 TP 100
EURUSD: Buy 1.0810 SL 25 TP 80 (hesitation at 1.0850) (DXY weakness)
USDCHF: Sell 0.8990 SL 30 TP 70 (dxy weakness)
USDCAD: Buy 1.3645 SL 25 TP 55 (dxy strength)
Gold: Break above 2370 could trade up to 2390
Kiwi H4 | Approaching pullback resistanceThe Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6144 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level.
Stop loss is at 0.6170 which is a level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 0.6098 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
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.
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.
Levels discussed on 3rd July Livestream3rd July
DXY: Needs to break 105.70 (61.8% retracement), to trade lower to 105.40 and bullish trendline. Below 105.40 could trade down to 105.15 support
NZDUSD: Buy 0.6110 SL 20 TP 45
AUDUSD: Could trade higher, look for reaction at 0.67 resistance level
USDJPY: Buy 162.20 SL 30 TP 80
GBPUSD: Look for reaction at 1.2740 (UK elections on 4th July)
EURUSD: Buy 1.0790 SL 20 TP 60
USDCHF: Buy 0.9020 SL 20 TP 50
USDCAD: Buy 1.3625 SL 20 TP 60
Gold: Breaking out of the range, above 2345 could trade up to 2355
Kiwi H4 | Falling to 50% Fibonacci Pullback SupportThe Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6037 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 0.5984 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 0.6105 which is an overlap 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
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.
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.
NZDUSD → Traders prepare for bearish rally to 0.60OANDA:NZDUSD is consolidating after breaking the uptrend support. There are no signs on the chart for possible growth, only if the fundamental environment does not change drastically...
Technically, a bearish situation is forming on the senior timeframe within the 0.6219 - 0.6084 range. Traders do not believe that the dollar will start to fall and are forming sell-offs of the New Zealand dollar. A break of 0.6083 could lead to a strong sell-off that could spill the market to 0.60 - 0.587. But as the US GDP will be released tomorrow, the market may continue to move flat until some important measures are taken by the major traders.
Resistance levels: 0.6140, 0.6215
Support levels: 0.6083, 0.600
I expect a retest of the support against which a small rebound may follow. But, if the situation both technically and fundamentally will not change in the near future, we should expect the formation of a bearish trend.
Regards R. Linda!
Potential bullish rise?The Kiwi (NZD/USD) is currently on the pivot and could rise to the overlap resistance level.
Pivot: 0.6046
1st Support: 0.6007
1st Resistance: 0.6100
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.
Bullish bounce?NZD/USD is falling towards a support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could potentially bounce from this level to our take profit.
Entry: 0.6037
Why we like it:
There is a pullback support that lines up with the 127.2% Fibonacci extension.
Stop loss: 0.6006
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 0.6102
Why we like it:
There is an overlap resistance 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.
Kiwi H4 | Heading into overlap resistanceThe Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6131 which is an overlap resistance.
Stop loss is at 0.6158 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6059 which is a swing-low support.
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
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.
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.
TSRI Strategy: NZDUSD to bounce higherTimeframe: H4
Trend: Continuation of the uptrend
Support/Resistance: Look for the price to bounce off the support, and the bullish trendline which coincides with the 50% Fibonacci retracement level.
TSRI MACD: Crossover to signal buying opportunity
SL: 20 pips below the support level.
TP: 100 pips at the resistance level.
The NZDUSD price forecast update June 30thThe NZD/USD pair is trading around 0.60914. The price is currently below both the 100-period and 200-period moving averages, indicating a bearish trend.
There is a significant support zone around 0.60313 to 0.59926. This zone had previously acted as a support but has been broken and retested, indicating a potential shift to resistance. Immediate resistance is around 0.60824, just above the current price.
The price has recently broken through a significant support level (around 0.60824) and retested it, suggesting a potential continuation of the downtrend.
Summary: Right Now it indicates a bearish trend with the price trading below key moving averages and having recently broken a critical support level. Traders should look for selling opportunities on rallies to resistance levels, with potential downside targets near the descending support line around 0.59000. Always ensure proper risk management with stop-loss orders above key resistance levels.
What do you think ? Let me know in the comments
SIGNAL:
SELL: 0.60944 - 0.61085
STOP: 0.61168
TAKE PROFIT: 0.60295
TAKE PROFIT: 0.59948
NOTE: Trade at your own risk. Thank you
Simple Strategies for NZDUSDA complicated trading strategy doesn't guarantee profits. Sometimes, a simple trading strategy works best. Here are two straightforward approaches I have for the NZDUSD trade.
Strategy:
1. Retest of Resistance at 0.6096:
- Setup: Watch for a retest of the resistance level at 0.6096.
- Entry: Enter a short position on confirmation of resistance holding.
- Stop-Loss: Place a stop-loss just above the resistance level.
- Target: Aim for key support levels below for potential profit.
2. Retest of the Tip of the Bearish Channel:
- Setup: Look for a retest at the tip of the bearish channel.
- Entry: Enter a short position if the price respects the channel boundary.
- Stop-Loss: Place a stop-loss just above the bearish channel.
- Target: Aim for the lower boundary of the channel or key support levels below.
Key Points:
- Simplicity: Simple strategies can be effective and easier to manage.
- Risk Management: Ensure proper stop-loss placement to manage risk effectively.
- Confirmation: Always wait for confirmation of the levels holding before entering trades.
Sometimes, simplicity is the key to effective trading. What’s your take on NZDUSD?
Do you have any other straightforward strategies that work for you?
Share your thoughts and strategies below!
NZDUSD Weekly Analysis and OutlookNZDUSD Weekly Analysis and Outlook
This week, the NZDUSD pair has been entrenched in a bearish trend, reflecting a prevailing downward momentum. The recent market activity suggests that this trend may continue, with the pair approaching a critical support zone.
Current Market Overview:
The bearish pressure on NZDUSD indicates strong selling interest, as evidenced by the consistent downward movement. As the pair approaches a key support level, traders should closely monitor the price action for potential breakout scenarios.
Expectations and Potential Scenarios:
Primary Expectation: If the price successfully breaks below the current support zone, we anticipate continued downward momentum. This breakout could signal further declines, with potential to reach lower support levels, providing opportunities for short positions.
Alternative Scenario: Conversely, if the support level holds, there may be a temporary pause or retracement in the bearish trend. Traders should be prepared for this possibility, as it may offer opportunities to reassess positions before the downtrend resumes.
Conclusion:
In summary, the NZDUSD pair remains in a bearish trend, with potential for further declines upon breaking the support zone. Traders should remain vigilant, watching for key breakout signals and adjusting strategies accordingly. Monitoring both bearish continuation and potential corrective scenarios will be essential for effective trading. Stay informed and ready to adapt as market conditions evolve.
By Piptera Digital Soltuions,
Invest Wisely
#NZDUSD: 800+ pips buying opportunity! Buy Big! We have excellent buying opportunity on nzdusd, with accurate risk management we can target 800+ pips buying opportunity!. We are expecting DXY to be bearish and overall we can see price growing strongly. With three take profit targets you can see yourself taking 800+ pips home.
Team Setupsfx_
NZDUSD - Short active !!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 short position. I expect bearish price action from here as price can reject from bearish order block + institutional big figure 0.61000. As well we have hidden divergence.
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NZDUSD ( UNDER BEARISH PRESSURE ) ( 4H )NZDUSD
HELLO TRADERS
Tendency the price closer a resistance trendline before falling , indicating the price is under bearish pressure
TURNING LEVEL : a blue line a round 0.613, which indicates two cases , the first cases until the price trade below 0.613 reach a support level , the second case the price breaking 0.613 , the price reach a resistance level
RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level between 0.619 and 0.622, when it is created the price by open 4h candle above turning level
SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.608 , buying have already increase at this level
PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.613 , it will attempt to reach support level at 0.608 ,then stable below this level reach 0.603 , if the breaking this level the price trying to reach a new resistance level at 0.619 and 0.622
TARGET LEVEL :
RESISTANCE LEVEL : 0.619 , 0.622
SUPPORT LEVEL : 0.608 , 0.603
NZD/USD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which is a pullback resistance and could fall to the pullback support.
Pivot: 0.6101
1st Support: 0.6048
1st Resistance: 0.6144
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.
Bearish Signals Intensify for NZDUSD Below 0.5800NZDUSD – technical overview
Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this prospect. A monthly close below 0.5800 will intensify bearish price action.
R2 0.6083 – 10 April high – Strong
R1 0.5985 – 29 April high – Medium
S1 0.5852 – 19 April 2024 low – Medium
S2 0.5800 – Figure – Medium
NZDUSD – fundamental overview
RBNZ Governor Orr and Deputy Governor Hawkesby spoke earlier in the session before a parliamentary committee as part of their scheduled Financial Stability Report briefing. Hawkesby said that while there had been an increase in the proportion of non-performing loans, this had been "largely as predicted six months ago," and "provisions hadn't risen or weren't projected to rise as far as they had." On the data front, New Zealand building permits were balanced on the whole. Key standouts on Thursday’s calendar come from German and Eurozone manufacturing PMIs, Canada trade, US trade, US initial jobless claims, and US factory orders.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
WEEKLY FOREX FORECAST: UPDATES! DXY, EUR, GBP....Welcome to another Weekly Forex Forecast Update video.
In this video, we will cover the forecasts given in the Weekly Forecast, and allow you to
gauge the accuracy of the analysis.
USD Index, EUR, GBP, AUD, CAD, NZD, CHF
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May profits be upon you.
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