Nzdusdanalysis
NZDUSD Bearish Retracement Opportunity (Overall Bullish Bias)-After the most recent bearish push, price found support at the .6000 area and formed a Lower low
- Price found support and formed a double bottom, which is a candlestick reversal pattern and made a bullish push.
-Price then met resistance near the .62500 area and formed a somewhat doji candlestick, showing indecision and hinting at a possible reversal.
- I am waiting for price to form a candlestick reversal pattern on a lower time frame (1-4) before it makes it bearish retracement.
- I can see price testing the 50.0-61.8 fib level, to confirm the change in market sentiment (bullish).
-The 50.0-651.8 Fib levels also align with the neckline of the double bottom, I am anticipating a test of the neckline followed by a bullish up.
NZDUSD Long Term Trading IdeaHello Traders
In This Chart NZDUSD DAILLY Forex Forecast By World of Forex
today NZDUSD analysis 👆
🟢This Chart includes_ (NZDUSD market update)
🟢What is The Next Opportunity on NZDUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
NZDUSD - Short active ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: As I expected in my previous analysis, price made a retracement and filled that huge imbalance, now I expect bearish price action as price rejected from 4H bearish order block from premium market zone.
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NZDUSD Top-down analysis Hello 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.
DeGRAM | NZDUSD pullback tradingNZDUSD is trading in the descending channel.
Price pulled back from the support level. There's a confluence level where resistance level 50% fibo perfectly lines up with it.
We expect the bearish trend to continue at the channel border.
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NZDUSD Strong Resistance Long opportunityHi traders!
According to my analysis, the NZD/USDcurrency pair is expected to increase, presenting a potential Long opportunity. The basis for this expectation is the recent crossing of the price Above the 100 - period Weighted Moving Average (WMA), indicating a Bullish signal. Additionally, there is a strong resistance level that further strengthens the case for an upward movement in the price.
Have trading day ahead!
NZDUSD Bearish Pennant Pattern BreakoutVery simple trading pattern forming in the direction of bigger picture trend. We will wait until we see a bullish correction
on the smaller time frames before looking for an entry. Once this correction is complete we will then enter short as long
as we think we can achieve a minimum of 1 to 3 risk reward on this particular trade.
NZDUSD - Short from premium zone ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Technical analysis: We are here in a bearish market structure from 4H timeframe perspective, so I am looking for shorts from premium zone. My point of interest is if price makes a retracement to fill the imbalance higher and then rejects from bearish order block.
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Market Over-Reacts? NZD tanks more than 2% The New Zealand dollar experienced a significant drop of over 2% on Wednesday, reaching its lowest level in more than three months at $0.6039. This decline followed the Reserve Bank of New Zealand's (RBNZ) expected decision to raise cash rates by 25 basis points to 5.5%. However, the central bank also hinted that it might conclude its tightening campaign, which likely contributed to the currency's decline. In more positive news, inflation expectations eased during the first quarter, dropping from 3.30% to 2.79%, potentially solidifying the RBNZ's choice to halt further rate hikes.
Analyzing the 1-hour chart of the NZD/USD pair, it is evident that it broke below the previous swing low at 0.6111. However, the selling momentum may have started to weaken in the past hour, as indicated by the extreme oversold condition of the Relative Strength Index (RSI) and the pair's inability to close below 0.6100. The next target for a downward movement could be 0.6092, which seems to be the level where current sellers feel comfortable probing further.
One potential explanation for this slowdown could be the release of the latest Federal Open Market Committee (FOMC) minutes. The minutes revealed a division among Federal Reserve officials during their previous meeting regarding the future direction of interest rates. Some members believed that further rate increases were necessary, while others anticipated a slowdown in economic growth that would negate the need for additional tightening measures. As a result, the committee decided to remove the phrase "additional policy firming may be appropriate" from its post-meeting statement.
Market expectations currently indicate that the rate increase in May will be the final one in the current cycle. Furthermore, there is speculation that the Federal Reserve may reduce rates by approximately a quarter percentage point before the year's end. If this prediction holds true, it could be argued that the sharp decline in the New Zealand dollar is an overreaction.