Long trade
Pair NZDUSD
Wed 18th Sept 24
NY Session PM
5.00 pm (NY time)
Entry 0.62156
Profit level 0.64728 (4.14%)
Stop level 0.61701 (0.73%) R
R 5.65 Buyside trade
NZDUSD trade ideas
NZD SHORTI see most retailers going long
Of-course the trend is your friend, but know that your friends needs rest
I will be looking to short at the marked zone.
Will you trade there? let me know
Lets talk chart
ORDER BLOCK seen on NZDUSD.Expecting a 30+ move down.
Liquidity area, a added confluence that price will go lower.
⛏️ HERIK
NZDUSD - Buy SetupNZDUSD respecting trendline support.
Printing HH's & HL's
Entry point at Retracement
NZD/USD may fall 35 - 52 pipsOur pivot point is at 0.6330.
Our preference
The downside prevails as long as 0.6330 is resistance.
Alternative scenario
Above 0.6330, look for 0.6358 and 0.6375.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6317 and 0.6308).
Supports and resistances
0.6375 **
0.6358 *
0.6330 **
0.6318
0.6300 last
0.6265
0.6248 **
0.6231 *
0.6214 **
Number of asterisks represents the strength of support and resistance levels.
NZDUSD focuses on upward trend lineOn the 4-hour chart, NZDUSD is currently running above the upward trend line, and bulls have the upper hand. At present, we can pay attention to the retracement of the upward trend line. If the retracement position stabilizes, it will be expected to continue to rise, and the upward target will be the resistance near 0.640. If the price falls below the trend line support, it will start to go down, and the downward target will be the support near 0.620.
Bearish drop?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support level which is an overlap support.
Pivot: 0.6354
1st Support: 0.6255
1st Resistance: 0.6411
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NZDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.62400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.62400 support and resistance area.
Trade safe, Joe.
NZDUSD: Short Trade Explained
NZDUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry Level - 0.6312
Sl - 0.6367
Tp - 0.6222
Our Risk - 1%
Start protection of your profits from lower levels
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NzdUsd - Mid-term AnalysisFor detailed economic analysis, you can check our DXY analysis.
Technically, we expect the price, which is in an upward trend to complete the Elliott 3rd wave, to rise to the 0.6410 - 0.6470 range. If it completes the 3rd wave at these levels, we expect a drop back to the 0.63 level to complete the 4th wave. For the 5th wave, we anticipate the price to rise again to the 0.6530-0.6580 range.
NZDUSD: Bullish Movement Confirmed?! 🇳🇿🇺🇸
I see a nice potential trend-following movement on NZDUSD.
The pair is trading in a strong bullish trend and has recently retraced
to a key horizontal structure support.
An inverted head and shoulders formation and a violation of its neckline
is a strong bullish signal.
We can expect growth at least to 0.6306
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NZDUSD R:R 1:4Wait for NewYork Kill Zone and Asian Low or High Manipulation
Then Check for CHoCH in Lower Time Frame, Then Enter
Please DYOR before entering the Trade.
Potential bullish bounce?NZD/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6235
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6183
Why we like it:
There is a pullback support level.
Take profit: 0.6298
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
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Kiwibank Lowers Kiwi ForecastThe New Zealand dollar (NZD/USD) has slipped below its 25-day exponential moving average (EMA) and could potentially test the 50-day EMA next. But, can sellers maintain the momentum and push further into bearish territory?
Kiwibank is betting on more downside due to faster and deeper rate cuts from the Reserve Bank of New Zealand (RBNZ). However, their initial bearish outlook has softened somewhat.
"In our previous FX Tactical, we anticipated the Kiwi heading towards the 0.5700 mark. But given its reluctance to trade down to that level, we've adjusted our expectations. While we still believe the Kiwi should be lower, it's clear the 0.5700 target is less likely. At this point, 0.5900 seems a more reasonable level," the bank stated.
Further complicating the outlook is China’s influence. Like the Australian dollar, the Kiwi can find support from economic developments in China. Talks of a potential stimulus package from Beijing had initially buoyed market sentiment, but UBS remains unimpressed. The investment bank noted that the scale of China's recent measures falls short of previous stimulus efforts, which historically triggered strong market rallies. Economists cited by The Wall Street Journal share this view, pointing out that borrowing costs are already low, yet demand for credit remains sluggish. Consumer confidence, dragged down by concerns over jobs and the ongoing property market meltdown, remains near historic lows.
NZDUSD LongRetracement done, expect DXY to fill the weekly wick helping NZD to gain the momentum back from the first initial push up
1:4 RR stacking this
NZDUSD catching a falling knife at market price?NZDUSD - 24h expiry
The trend of higher lows is located at 0.6120.
A lower correction is expected.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6300 will confirm the bullish momentum.
We look to Buy at 0.6260 (stop at 0.6220)
Our profit targets will be 0.6340 and 0.6350
Resistance: 0.6300 / 0.6325 / 0.6350
Support: 0.6275 / 0.6260 / 0.6250
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Update idea
IDEA NZDUSD LONG POSITION Hi Traders
Pair : NZDUSD
Position : LONG ( BUY )
Entry Price : 0.63080
STOP LOSS @ 0.62880
TP 1 @ 0.63280
TP 2 @ 0.63480
TP 3 @ 0.64000 ( Trailing SL )
Analysis of NZD/USD: Exchange Rate Hits Yearly High TodayAnalysis of NZD/USD: Exchange Rate Hits Yearly High Today
According to the NZD/USD chart, the exchange rate has reached 0.635 New Zealand dollars per US dollar today, its highest level since December 2023.
As reported by Trading Economics:
→ On one hand, the "kiwi" strengthened due to China's announcement of an economic stimulus package, as China is New Zealand's largest trading partner.
→ On the other hand, weaker-than-expected US consumer confidence data (CB Consumer Confidence) released yesterday also supported the pair: actual = 98.7, forecast = 103.9, previous = 105.6.
Today's technical analysis of the NZD/USD chart shows that since late July, the price has formed an upward channel (marked in blue), with the following developments:
→ Bulls managed to break the 0.630 level;
→ The 0.626 level shifted from resistance to support (indicated by an arrow);
→ Since mid-September, the price rise has been most clearly reflected by a steeper upward channel (shown by purple lines);
→ The RSI indicator on the 4-hour timeframe entered the overbought zone and has turned downwards.
It's worth noting that today’s NZD/USD chart indicates the median line is showing signs of resistance, as seen earlier in September.
Given this, the market appears vulnerable to a pullback, and we may witness a retest of the 0.630 level, reinforced by support from the purple lines.
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.
Market Analysis: NZD/USD RisesMarket Analysis: NZD/USD Follows Suit
NZD/USD might aim for more gains above 0.6300.
Important Takeaways for NZD USD Analysis Today
- NZD/USD is consolidating gains from the 0.6350 zone.
- There is a major bullish trend line forming with support at 0.6280 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 0.6180 zone. The New Zealand Dollar broke the 0.6265 resistance to start the recent increase against the US Dollar.
The pair settled above 0.6280 and the 50-hour simple moving average. It tested the 0.6355 zone and is currently correcting gains. The pair corrected lower below the 0.6340 level. The NZD/USD chart suggests that the RSI is now approaching 60.
On the downside, immediate support is near the 23.6% Fib retracement level of the upward wave from the 0.6209 swing low to the 0.6355 high at 0.6320.
The first key support is near a trend line at 0.6280 and the 50% Fib retracement level of the upward wave from the 0.6209 swing low to the 0.6355 high. It is close to the 50-hour simple moving average. The next major support is near the 0.6265 level.
If there is a downside break below the 0.6265 support, the pair might slide toward the 0.6210 support. Any more losses could lead NZD/USD in a bearish zone to 0.6180.
On the upside, the pair might struggle near 0.6355. The next major resistance is near the 0.6380 level. A clear move above the 0.6380 level might even push the pair toward the 0.6440 level. Any more gains might clear the path for a move toward the 0.6500 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.
Kiwi H4 | Falling to 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 0.6292 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6245 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.6353 which is a swing-high resistance.
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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
NZDUSD SHORT TRADE OUTLOOK (SEPT. 24-27)>The New Zealand Dollar experienced an explosive rally today, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders.
>We can now observe five invalidated supply zones lined up on the chart.
>Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop.
>The US Dollar Index remains undervalued ( refer to my USD analysis for more insights ).
>Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
