NZD-USD
NZDUSD LONG!!Looking at the H4 chart, we can see that the 1st support is at 0.64102 which is overlap support that is in line with the 50% Fibonacci line. If the price breaks this level, we could see it drop to 2nd support is down at 0.63355. As the current price is above the Ichimoku cloud and there is an ascending trend line, which suggests bullish momentum.
For the resistance, our 1st resistance is at 0.65130 which is a recent swing high resistance area.
Buy entry at 0.64079, take profit at 0.65089 and stop loss at 0.636350
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NZDUSD - Catch This Wave! 🏄🏼♂️In our last NZDUSD, we identified that we almost completed Wave 1 impulse and we were awaiting the wave 2 ABC correction.
We are now in the correction and we've seen both A and B. We are now in C and we can capitalise on this move before we go LONG.
Trade Idea:
- Watch for a break of the red trendline
- Enter with stops above the highs
- Target: 0.62 (250pips)
Please note that wave C can extend so once we're at 0.62, hold and see if we break that level. Ideally we get 5 clear waves to the downside. If we do, hold trade until we're on the 5th wave and taper positions off there.
Goodluck and as always, trade safe!
NZD/USD: Price is Growing - LONG Continuation Setup ✅The NZD/USD pair attracts fresh buying and jumps to over a one-month high during the latter part of the Asian session on Wednesday. The pair is currently placed around 0.6480 and this rally may continue until 0.6550 / 0.6600. Our Idea today is about a new bullish impulse in a continuation of the strong uptrend.
NZDUSD: Potential rally towards major swing highPrice has just broken a key overlap resistance at 0.6430 and at the same time, we see bullish momentum from our short term ascending support and the bullish ichimoku cloud. This could provide enough momentum to take prices up to 0.6516 which is a major swing high resistance.
Our stop loss is placed at 0.6354 which is an overlap support.
Joe Gun2Head Trade - Range trade on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Small range on the daily.
Entry Level: 0.6372
Take Profit Level: 0.6200
Stop Loss: 0.6430
Risk/Reward: 3.03:1
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🥝 NZD/USD Ready For Declines? 🥝🥝 NZD/USD Ready For Declines?
🥝 Nearest strong support zone: around the cluster of two fibo levels 0.236 of the entire upward wave and 0.236 of the entire downward correction.
🥝 Nearest strong resistance zone: the 0.618 level of the entire downward correction.
🥝 Technical environment:
- Moving averages: Uptrened
- MACD: 50/50
- RSI: Uptrend
- Supertrend: Uptrend
🥝 Price action: NZD/USD Very quickly resumed to continue its medium-term downtrend just after the US CPI inflation data (6.5%). For a moment it broke through the 0.618 level but currently already turning back lower, it looks like today could be the beginning of a continuation of the downtrend. On most pairs with the dollar we can see a slow return of strength of the dollar, I am very curious to see how big the range of the downward wave will be. I set the target level near the 0.382 level of the entire upward wave.
🥝 The scenario I am playing out is the start of declines that will continue over the next few days. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥝 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
NZD/USD:SELL From 61.8% FIBO Resistance Area For A SHORT SetupNZD/USD: The price doesn't go over the resistance at 0.6400 in confluence with the dynamic resistance of the channel and the 61.8% Fibonacci level. The Stochastic is in the overbought area and our Analysis shows a bearish impulse to the 0.6287 level.
NZDUSD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 0.63894, where the 61.8% Fibonacci line is. Stop loss will be at 0.63425, slightly below where the 23.6% Fibonacci line and recent low is. Take profit will be at 0.64353, where the 78.6% Fibonacci line is.
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.
NZD/USD:SELL From Dynamic Resistance 61.8% Fibo SHORT SetupNZD/USD After the Strong bullish impulse of Friday the price today reach the upper side of the dynamic resistance made by the Bearish channel in confluence with the 61.8% FIBO from the last swing high.
This Area should be crucial for the price to see a possible reversal or a breakout for the upper side of the chart. Our Forecast is about a bearish impulse inside the main channel.
🥝 NZD/USD Buyers' Strength 🥝🥝 NZD/USD Buyers' Strength.
🥝 Nearest strong support zone: the area around the last bottom of the downward correction.
🥝 Nearest strong resistance zone: around the last peak of the upward wave.
🥝 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend
- RSI: Uptrend
- Supertrend: Uptrend
🥝 Price action: NZD/USD nicely showed strength during the last session on Friday last week. It is apparent that the bulls are not letting up and the trend of a weakening dollar is still present in the market. The New Zealand dollar has plenty of space to rise from current price levels, looking at the size of the upward candle and the correlation with other major dollar pairs. My impression is that the first significant resistance will be around the recent highs. The most important question the market is asking at this point is "is this the end of the downward correction on this pair".
🥝 The scenario I am playing out is a continuation of the increases to the vicinity of the recent peaks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Analysis AUDNZD : 📅 12/29/2022Analysis AUDNZD :
Considering the breaking of the suffering range and the formation of an upward trend, we can expect a good upward movement.
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price: 1.06700
sl: 1.06200
tp1: 1.07500
tp2: 1.08000
tp3: 1.08700
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👤 Alireza hajighasem : @alirezahajighasem
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📅 12/29/2022
NZDUSD test the 0.382 🦐NZDUSD on the 4h chart after test of the 0.65000 area retraced to the weekly support.
The market from there started a retracement move at the 0.382 where a Supply area can reject the price.
How can i approach this scenario?
According to Plancton's strategy IF the market will break below the lower support we will consider a nice short order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDUSD searching the 0.61 🦐NZDUSD on the 4h chart has broken the ascending trendline and recently tested the daily support at the 0.62750 level.
The price did not continue the series of higher high higher low.
According to Plancton's strategy IF the market will break below the support area we will consider a nice short order according to the Plancton's strategy rules.
–––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.