NZDCAD: Watching for Bullish Setup After Key Zone TestNZDCAD is approaching a potential setup, but price has not yet reached the key highlighted area. Here’s my plan:
1️⃣ If price pushes into the pink highlighted resistance zone, I’ll wait for a pullback to validate the setup.
2️⃣ Once price pulls back and holds a key support level, I’ll look for a bullish confirmation to go long.
This setup allows me to enter at a better risk-to-reward ratio while confirming buyer strength. Patience is key—I’m waiting for price to meet my criteria before taking action.
Mindset Tip:
In trading, waiting isn’t passive—it’s preparation. Let the market come to you and validate your plan before making a move.
NZDUSD
Kiwi H4 | Rising 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 0.5935 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.5987 which is a level that sits above the 23.6% and 61.8% Fibonacci retracement levels.
Take profit is at 0.5835 which is a swing-low support.
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Potential bullish rise off pullback support?The Kiwi (NZD/USD) has reacted off the pivot and could potentially rise to the 1st resistance which is a pullback resistance.
Pivot: 0.5877
1st Support: 0.5837
1st Resistance: 0.5918
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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 on strong downtrend amid USD strengthThe US dollar's recent surge, reaching around 106.5 post-election, impacts global markets and American consumers. Strong economic data and inflation pressures bolster the dollar, while Trump's tariffs could enhance its strength. Meanwhile, the NZD has dropped to 0.58574 against the USD, influenced by New Zealand's economic conditions and fluctuating commodity prices. As the yen and peso also weaken significantly, the dollar's future depends on unfolding policies and geopolitical events. Analysts foresee potential gains but caution against international retaliation.
USD rally or profit-taking opportunity? USD rally or profit-taking opportunity?
The dollar extended its gains on Friday, bolstered by Donald Trump’s White House return, pressuring the Aussie and Kiwi by over 1%.
Credit Agricole flagged Trump’s policy agenda as a source of upside risk for the greenback but dismissed the likelihood of another 2018-style rally.
With the dollar’s already elevated level, Credit Agricole analysts see limited scope for a repeat of past surges. By late 2025, they project dollar weakness as Federal Reserve rate cuts accumulate. Near-term, the prospect of profit-taking could cap further gains.
NZD/USD at Strong Support: Is a Move Higher on the Horizon?Since the end of September 2024, the NZD/USD pair has been in a pronounced downward trend, experiencing a depreciation of over 8% without any significant retracements. This downward movement has found crucial support around the 0.5850 level, where the price is now showing early signs of exhaustion. This support level has been tested on previous occasions, indicating it may serve as a key area of interest for buyers. As the market awaits a potential upward corrective movement, traders should remain vigilant, particularly with the upcoming release of US Retail Sales data, which could significantly impact the pair's volatility.
Scenario 1: Upward Correction
The rejection of the support at 0.5850 and the formation of a potential bottom signal the presence of buyers. A break above the previous day's high at 0.5885 could confirm the entry of buying pressure. The 38.2% Fibonacci level at 0.6040 serves as the first projected target for this upward correction, coinciding with an important resistance zone.
A buying opportunity may arise if the price breaks yesterday's high at 0.5885. In this instance, we could see the formation of an Engulfing Pattern on the daily chart, a strong bullish signal.
Initial Target : The target could be set around 0.6040, where mid-term resistance aligns with the 38.2% Fibonacci retracement level.
Stop Loss: A suitable stop loss might be positioned below the support line, around 0.5800, to protect against adverse movements.
Scenario 2: Continuation of the Downtrend
Conversely, if the price breaks below the 0.5850 support level, it will immediately encounter another significant support zone at 0.5790. Given the proximity of these support levels, a 60-pip move may not justify the risk, especially considering the sharp downward trend observed over the past two months.
Potential Short Trade if Major Support is Broken:
From a risk/reward perspective, a short opportunity could become attractive only if the price breaks below the 0.5790 level. In this case, the next level of support would be sufficiently distant to offer a favourable risk/reward ratio for traders.
In summary, the NZD/USD pair is currently at a pivotal support level, displaying signs of potential exhaustion. The next price movements will be critical in determining whether we witness a significant corrective rally or a continuation of the downtrend. Traders should exercise caution, particularly in light of forthcoming economic data, and closely monitor key levels to make informed trading decisions.
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NZSDUSD Bottom of the 1-year Rectangle. Strong buy.The NZDUSD pair gave us a solid sell signal on our last idea (September 04, see chart below) as it respected the 1-year Rectangle pattern, stayed within its Resistance and Support levels and easily hit our 0.6000 Target:
The price hit yesterday the top of the 1-year Support Zone (0.58500) and is reacting today positively with the first green 1D candle in 6 days. The 1D RSI has double bottomed on the 30.00 oversold barrier as on April 14, so we have a strong case for going long with huge reward and limited risk. Notice how we are about to form a 1D Death Cross and the last two such patterns coincided with the bottoms on the Support Zone.
As a result, we are now long, targeting 0.6200, which is considerably below the 0.786 Fibonacci retracement, the level that all previous Bullish Legs hit.
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Will NZDUSD continue its bearishness?From my analysis, NZDUSD may become bullish for a few days till it gets to the marked point of interest. Then, it'll continue its bearish trend again.
This trade idea has a risk-to-reward ratio of 1:10.
Patience will play a huge role in the execution of this trade.
Could the Kiwi reverse from here?The price is reacting off the pivot which aligns with the 161.8% Fibonacci extension and could rise to the 1st resistance which is a pullback resistance.
Pivot: 0.5839
1st Support; 0.5752
1st Resistance: 0.5914
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 to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower. Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5850 will confirm the bearish momentum.
We look to Sell at 0.5890 (stop at 0.5920)
Our profit targets will be 0.5815 and 0.5800
Resistance: 0.5900 / 0.5920 / 0.5925
Support: 0.5850 / 0.5815 / 0.5800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDUSD - Look for a sell !!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. My point of interest is imbalance filled and rejection from bearish OB.
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NZDUSD On The Rise! BUY!
My dear followers,
I analysed this chart on NZDUSD and concluded the following:
The market is trading on 0.5872 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5918
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZD/USD 4 Entries +750 Pips 0 Drawdown , New Update Now !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.
NZD/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
NZD/USD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.592 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZD/USD Holds Steady: Market Awaits Key CPI DataThe NZD/USD currency pair is exhibiting a flat performance, lingering around 0.5985 during the London session on Wednesday. Traders are biding their time ahead of the US Consumer Price Index (CPI) release for October and comments from the Federal Reserve officials later in the day.
From a technical standpoint, the current price level is nearing a key area of interest for potential long positions, as it aligns with a demand zone highlighted in our analysis and the Commitment of Traders (COT) report. Furthermore, the market is influenced by expectations surrounding inflationary tariffs proposed by Republican President-elect Donald Trump, which could elevate prices and potentially limit the Federal Reserve's ability to implement interest rate cuts. As a result, the US dollar is experiencing a stronger performance overall.
Attention is now shifting to the upcoming CPI inflation report, particularly the core gauge, which is expected to show a month-on-month increase of 0.3% for October. Any indications of rising inflation could diminish the likelihood of a rate cut in December, thereby boosting the Greenback further. Conversely, a weaker-than-expected report could encourage traders to increase their expectations for a reduction in rates from the Federal Reserve.
With these factors in mind, I am looking to position for a long trade with a limit order, capitalizing on the potential upward movement as market conditions unfold.
✅ 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.
NZDUSD forming a bottom?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot support is at 0.5925. We expect a reversal in this move.
A move through 0.5950 will confirm the bullish momentum.
The measured move target is 0.6050.
We look to Buy at 0.5925 (stop at 0.5885)
Our profit targets will be 0.6025 and 0.6050
Resistance: 0.5950 / 0.6000 / 0.6050
Support: 0.5925 / 0.5900 / 0.5875
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
Weekly FOREX Forecast: BUY USD vs EUR GBP AUD NZD CAD CHf JPYThis is an outlook for the week of Nov 4 - 8th.
In this video, we will analyze the following FX markets: EUR, GBP, AUD, NZD, CAD, CHF and JPY.
The USD is strong and showing no signs of weakness. This video analyses which of the major pairs are the best markets to look for the best setups for the week ahead.
Enjoy!
May profits be upon you.
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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.
Is the Kiwi Ready to Bounce? Approaching Key Support!The Kiwi took a major hit in October, dropping sharply from the 0.638 resistance level, which has held strong for over two years.
Looking at the weekly chart, we can see that the market has formed a clear range between 0.638 and 0.588—the lower level we’re now approaching.
On the daily chart, the initial drop was intense, with strong selling momentum evident in large red candles. However, as the price dropped past the halfway point of the range, momentum began to ease. This slowdown is visible in the smaller, mixed red and green candles.
This price action indicates that selling momentum is slowing as we approach the 0.588 level. In fact, the market has now started moving sideways, signaling that buyers may be accumulating at the bottom of the range.
Given these signals, I’ll be looking for buy setups using my TRFX Indicator, focusing on the 4-hour to 8-hour timeframes. Ideally, I’d like to see another dip toward or even slightly below 0.59 before entering.
The target for this setup is the top of the range, with the setup invalidated by a clear weekly break below the 0.588 support.
Let me know what you think below! :)
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 this 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 Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59900 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59900 support and resistance area.
Trade safe, Joe.