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NZD-USD

Bearish Opportunity on NZD/USDGood morning traders! Today we will analyze NZD/USD in multiple timeframes to show you a potential bearish opportunity. We must highlight the term POTENTIAL since the setup is not ready yet, and we need certain conditions to be met first. 🔸First of all, we are going to analyze the Weekly chart, which is where this bearish view comes from: The price was strongly rejected in the resistance zone. The next area where we consider that there may be a reversal is in the support zone. This enables us to look for a bearish scenario in a lower timeframe. 🔸In the Daily chart (published), we see that the price is against a local support zone, slightly penetrated, but the breakout is not confirmed yet. Of course, there is still the possibility that this is a false breakout, and the price will return to the bullish direction. The way to reduce this happening is to wait for a clear break + retest + rejection. 🔸In the 4H chart, we can see it more clearly:
Short
by ThinkingAntsOk
1
💡Don't miss the great sell opportunity in NZDUSD". There is still a possibility of temporary retracement to the suggested resistance line (0.6916). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 34. Take Profits: TP1= @ 0.6887 TP2= @ 0.6873 TP3= @ 0.6845 TP4= @ 0.6695 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
14
💡Don't miss the great sell opportunity in NZDUSD. There is still a possibility of temporary retracement to the suggested resistance line (0.6916). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 0.6887 TP2= @ 0.6873 TP3= @ 0.6845 TP4= @ 0.6695 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
NZDUSD facing bearish pressure | 19 July 2021NZDUSD is holding below short-term descending trendline resistance. A short-term drop below 61.8% Fibonacci retracement level and our sell entry at 0.70039 towards graphical swing low support and take profit level at 0.69652 could be possible. Technical indicators are showing room for further bearish drop as well. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
NZDUSD facing bearish pressure|16th July 2021Prices are approaching 1st resistance, in line with horizontal overlap resistance, 61.8% Fibonacci extension level. Prices might reverse off to 1st support, in line with the horizonal swing low support, 161.8% Fibonacci retracement and 161.8% Fibonacci extension levels. If prices surpass the descending trendline resistance, it may face resistance from horizontal swing high resistance, in line with the 161.8% Fibonacci retracement and 100% Fibonacci extension . Stochastic indicator is approaching resistance of 91.17, further supporting our bearish view. 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, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
BUY NZDCADHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price given a breakout and done its retest. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes
RBNZ doves are running out of arguments - ING*Markets have likely turned a blind eye to domestic factors for many pro-cyclical currencies over the past few weeks, with global risk dynamics driving most losses. This was the case for NZD too. *Markets are almost fully pricing in a rate hike by year-end from the RBNZ, which is now looking increasingly likely. 1Q GDP jumped to 2.4% YoY (exceeding expectations), inflation may have moved to the 2.5-3.0% region in 2Q, housing inflation has remained high, and a weaker NZD is surely welcome by the Bank. *We think the chances of a late-2021 hike are 50/50, but surely the reasons to keep the stimulus going in other forms are lacking, so some material tapering should be on the way. This should keep the rate profile of NZD significantly more attractive than AUD and support a move to 0.75 in NZD/USD by year-end.
by thunderpips
4
Possible trend shift in NZDUSD – going longThe Tidal Shift Strategy has just bought NZDUSD at 0.70012. The system recommends entering this trade at any price between 0.69882 and 0.70142. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.41414, which suggests that the NZDUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00104, so the stop loss has been set at 0.6949. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. 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, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
NZDUSD facing bearish pressure, potential for further downsidePrices are facing bearish pressure and is facing resistance from horizontal pullback resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards 161.8% Fibonacci extension Fibonacci confluence . If prices continue to push up, prices might face resistance from horizontal pullback resistance in line with 38.2% Fibonacci retracement and 78.6% Fibonacci extension . EMA is also above prices, showing a bearish pressure for prices.
Short
by TradeGATEHub
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7004). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 33. Take Profits: TP1= @ 0.6967 TP2= @ 0.6945 TP3= @ 0.6921 TP4= @ 0.6896 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
12
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7004). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 33. Take Profits: TP1= @ 0.6967 TP2= @ 0.6945 TP3= @ 0.6921 TP4= @ 0.6896 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
6
NZDUSD a continuation of the downtrend 🦐NZDUSD on the 4h chart approached the daily support. The market is moving in a descending channel and we can expect a continuation for a lower lowe. According to Plancton's strategy if the price will break below we will set a nice short order. –––– 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.
Short
by InkyGrip
2
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7063). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 38. Take Profits: TP1= @ 0.7032 TP2= @ 0.6999 TP3= @ 0.6962 TP4= @ 0.6922 TP5= @ 0.6883 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
15
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7063). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 38. Take Profits: TP1= @ 0.7032 TP2= @ 0.6999 TP3= @ 0.6962 TP4= @ 0.6922 TP5= @ 0.6883 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
6
NZDUSD facing bullish pressure | 28th June 2021NZDUSD is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports. We could see further upside above the Buy Entry level, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension, and horizontal swing low support, towards Take Profit level, in line with 78.6% Fibonacci extension and horizontal swing high resistance. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
NZDUSD approaching 1st support, potential for bounce!Price is approaching 1st support, in line with 38.2%, 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, where we could see a bounce and further rise towards 1st resistance, in line with 78.6% Fibonacci extension and horizontal swing high resistance. Price is holding above both the ascending trendline and Ichimoku cloud supports, showing signs of bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
1