Nzdusdanalysis
NZDUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: We can see here that price changed the character and started to form lower highs and lower lows, so I am looking for shorts. For now I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.63000.
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Imbalance correctionPrice abruptly shot to the upside and mitigated the internal supply zone after the accumulation phase, then made a pullback to the zone. The pullback formed this contraction to load a volatile bullish move to reach the breaker block above. Price respected the zone in a distribution manner which reduced price all the way down to the 50% Fibonacci retracement within the order block. With this area being mitigated, the market is more likely to correct the imbalance by filling the fair value gap and persistently going bullish to the order block. If we don’t catch this current move, then we wait for the anticipated pullback to level 0.62127 with the 0.062868 target…
NZDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZDUSD potential upside from its trendline support areaNZDUSD is potentially creating rejection and reverse to continue its bullish movement. Therefore, I am not suggesting you try doing counter trading by opening selling/short position.
At the moment, NZDUSD is weaving in its support with rejection happen due to the Nonfarm Payrolls news.
The overall market has been muted due to easter holidays this week and we should see the market back to normal next week.
I am seeing that we are able to take long position because NZDUSD has rejection in its support of the trendline and having bullish movement in 1H and 4H timeframe.
I will set the stop loss at 0.62 and potential upside at 0.638.
Good luck!
Happy profit!
Recession Probability Dumped NZDIn the 4-hour and daily timeframe, FRVP shows the $0.6230 level as a critical support. At the same time, we see that it has been in the ascending channel since the beginning of March and is currently breaking the lower support of the channel. The fact that the sub-support of the channel and the FRVP support are in the same region increases the risk level of this region. The prospect of New Zealand's possible recession has pushed the NZD below this risk level. In such a scenario, it is possible to see $0.60 levels.
NZDUSD SELLSHello traders we are looking out for NZDUSD sells movement all we wait for is for price to test back our 0.61 fib lvl which is 0.62274 area take profits lvl 0.60972 for about 133 pips and my stop loss lvl is 0.62551 , risking about 24 pips on this trade tell me what you guys think this trade
20 Reason For sell NZDUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: after forming a church in 2007, the price is currently in sideways to upside
phase yet grab all bearish liquidity and now ready for a bull move in my point of view based on the 12-month chart
2:📆Monthly: clear downtrend here, but the last low is not all its lower high, so the downtrend is halted here in this tf price is officially sideways
3:📅Weekly: price breach recent OB also breach recent pullback, so probability it may go up to premium area or extreme OB so we can open only buy positions in this pair in coming weeks
😇 7-Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: The price structure is showing a change in character and starting a new impulsive move.
2 Pattern Candle Chart: A bearish momentum candle known as the Boji classic pattern has appeared.
3 Volume: There is not much support from the volume.
4 Momentum (Unconventional RSI): The RSI has encountered resistance at the 60 level.
5 Volatility Measure (Bollinger Bands): The Bollinger Bands have shown a head fake with a bearish momentum candle.
6 Strength (ADX): The bearish DMi has gained strength.
7 Sentiment (ROC): There has been a sharp change in the sentiment over the last week.
✔️ Entry Time Frame: H4
Entry Time Frame Structure: Bearish.
Entry Move: Impulsive.
Support/Resistance Base: Waiting for H4 trend line.
FIB: Trigger trend line has also been breached.
☑️ Final Comments: Sell at the breakout.
💡 Decision: Sell.
🚀 Entry: 0.6223.
✋ Stop Loss: 0.6277.
🎯 Take Profit: 0.6102.
😊 Risk to Reward Ratio: 1:3.
🕛 Expected Duration: 3 day
Bullish channelIn this stunning bullish order flow, price abruptly shot drastically up, but eventually dropped within the order flow channel. The market failed to mitigate the order block and drove up to trigger the order block. The NFP on Friday tapped into the point of interest which is the demand zone in this case, however, the structure is still looking valid. The anticipation is still the same, looking for price to nicely drop to the demand zone and create an opportunity for buyers to take over…
NZDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement to take liquidity below equal lows and then to reject from bullish order block + institutional big figure 0.62000.
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DeGRAM | NZDUSD bullish opportunityNZDUSD broke out of the ascending channel.
On the 4H timeframe, the market returned to the consolidation zone.
There is a kill zone for a long opportunity at support 0.62500 if price pulls back to it.
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NZDUSD - Buying opportunity for 6.3:1Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
FX:NZDUSD took us out and went back to entry on last trade, however we got a BOS on lower timeframe for continuation and I see a great area for buying here.
Risking 1% for 6.3%, I always take amount invested as partial and let rest run.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments.
Regards,
Enzo
NZDUSD Buy NZDUSD advanced to a seven-week high of 0.6378 in the wake of a bolder-than-expected 50bps rate hike by the Reserve Bank of New Zealand early on Wednesday. The pair has been developing northwards within a bullish channel since the drop to 0.6083 on March 10th, having already climbed above its simple moving averages (SMAs). Encouragingly, the RSI and the MACD are sending clear positive signals at the moment, with the former trending up confidently above its 50 neutral mark and the latter gaining ground within the positive region.
The next hassle could be the channel’s upper boundary, which overlaps with the 61.8% Fibonacci retracement of the latest downleg at 0.6392. A successful move higher could retest the 0.6465 constraining zone ahead of the 2023 top of 0.6536. Should the bulls push for new highs, the door would open for the long-term resistance trendline drawn from the 2021 high of 0.7463.
NZDUSD h1 price is in an uptrend. Today it is possible that the pair will move up to the 0.6370 resistance area once again. Recommended buy to current price 0.6320, SL: 0.6280, TP: 0.6370