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Nzdusdtrade

Nzdusd Super short position for the downside looking forward to sell NZDUSD around 0.6175 level or above as we have seen a massive shift for downside in all major currencies as dollar seems to rally higher and target 104.25 level which makes this pair weaker and pois to move down. As i am also using the inner circle trader concepts and a mentorship student of 3 years this model should pan out and should target 0.6120 level with the higher time frame institutional order flow.
Short
by Rizwan-Ali
NZDUSD → Plummets from a four-month high, drops below 0.6200FX:NZDUSD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields. Consequently, the pair tumbled more than 0.80% and trades at 0.6154. The NZD/USD uptrend remains intact, though it is subject to a pullback. If the pair slides past the 0.6150 figure, the next support would be the November 30 swing low at 0.6120. Up next the 200-day moving average (DMA) at 0.6089. A breach of the latter and the pair could shift neutral if it slumps below the October 11 high turned support at 0.6055. On the other hand, if NZD/USD buyers reclaim 0.6200, further upside is seen above 0.6226, followed by a test of the July 27 high at 0.6273. If those two supply zones are erased, a jump to 0.6300 is on the cards.
Short
by tradingconmike
7 Dimension Trade Idea For NZDUSD 🕛 TOPDOWN - Long-Term Bullish Setup for NZD/USD Overview: The 3-month, monthly, and weekly analyses indicate a significant shift in character for NZD/USD. After a prolonged downtrend, the pair shows signs of a bullish reversal. While a trend line resistance is identified on the weekly, a daily correction is expected before considering a long entry. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Change in character. 🟢 Swing Move: Impulsive with (CHOCH). 🟢 Inducement: Direct CHOCH. 🟢 Pull Back: Awaiting, potentially deep. 🟢 Internal Structure: Bullish. 🟢 Ext OB: Unmitigated for a potential flip. 🟢 Resistance/Supply Zone: Identified at the swing high level, aligned with the weekly resistance trendline and premier order block. So better for wait a correction till our suggest entry levels 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Rounding Patterns: Near completion at target levels. Continuation: Rising Wedge, Shakeout Continuation. 🟢 CANDLE PATTERNS Key Considerations: Record session count observed without momentum weakening. Strict engulfing candles indicating sustained bullish strength. 3️⃣ Volume: 🟢 Fixed Range shows intact bull volume. 🟢 Volume on breakout and during correction is positive, suggesting a potential change of character. 4️⃣ Momentum RSI: 🟢 In the super bullish zone. 🟢 Range shift indicates growing bullish power. 🟢 No divergence observed. 🟢 Overbought, expecting a small correction. 🟢 Grandfather-father-son entries hint at strong bullish control. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band and dual band derivation support potential reversal and uptrend moments. 6️⃣ Strength According to ROC: 🟢 Values: NZD 4.61 Vs USD 0.07, signaling USD weakness against NZD. 7️⃣ Sentiment: Overall, the sentiment is not entirely clear. While bulls have strong control, a final decision awaits a correction and its behavior. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bullish CHOCH. ☑️ Current Move: Impulsive. ✔ Support/Resistance Base: Flip area. ☑️ Candles Behavior: Awaiting correction. ☑️ Trend Line Breakout: To be marked after prices complete the correction. 💡 Decision: Buy after a corrective move provides a valid low. 🚀 Entry: 0.6040 ✋ Stop Loss: 0.5848 🎯 Take Profit: 0.7366 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 45 days SUMMARY: The analysis supports a long-term bullish setup for NZD/USD. The completion of the corrective move is crucial for a more accurate entry, allowing for a favorable risk-to-reward ratio. Patience is key to capturing the potential upside in this trade.
Long
by Optimum369
1
#NZDUSD: 600 PIPS BUYING OPPORTUNITY Hey everyone, NZDUSD is approaching a perfect buying zone, price recently dropped heavily and will continue dropping for another few days. We need to wait for a daily candle to close in a strong bullish behavior once it does, we can enter accordingly. Like our work? Then Like and comment, most importantly follow our page so you never miss out of any big trade setup/ideas. Thanks as always for showing incredible support towards us ;)
Long
by Setupsfx_
48
NZDUSDThe FX:NZDUSD is flat against the US Dollar (USD), early during Wednesday’s Asian session, ahead of the Reserve Bank of New Zealand (RBNZ) monetary policy decision. At the time of writing, the pair exchanges hands at around 0.6134, sitting above the 200-day moving average (DMA), suggesting the pair remains bullish. Given the backdrop, a hawkish stance by the RBNZ could likely underpin the pair to test the next resistance area at 0.6225, the July 31 swing high, followed by the July 27 high at 0.6273. Conversely, and the most likely scenario, RBNZ Governor Adrian Orr and Co. are expected to hold rates unchanged for the fifth consecutive meeting, which would likely weigh on the NZD/USD pair, which would dive toward the 0.6100 figure, ahead of the 200-DMA at 0.6089. If the exchange rates pierces that support level, the losses could extend to 0.6050, and beyond.
Long
by tradingconmike
NZDUSDDear Traders, Our overview remain bullish as in our previous chart that we had explained it, right now price is in very tricky sport while dxy did not make any strong retracement since last week and has continued dropping in this week too. It is hard to clearly pin point when DXY will retrace so we kept that thought in mind and we think price of NZDUSD will continue the bullish momentum. This idea is swing move, please use smaller time frame for entries, like and comment if you agree with the idea. thanks a lot ;)
Long
by Setupsfx_
1
Moves around 0.6050 with a bullish sentimentFX:NZDUSD extends gains around three-month highs, trading around 0.6050 during the early European session on Tuesday. The selling pressure on the US Dollar (USD) continues, as there is increasing consensus that the Federal Reserve (Fed) has concluded its policy-tightening campaign. Market sentiment is now leaning towards the likelihood of rate cuts by the Fed starting in March 2024. The 14-day Relative Strength Index (RSI) is above the 50 level, indicating a bullish sentiment for the NZD/USD pair. This could encourage bullish moves towards the psychological resistance level around 0.6100. Moreover, the Moving Average Convergence Divergence (MACD) line, situated above the centerline and diverging above the signal line, is suggestive of a bullish momentum in the market. On the downside, the 23.6% Fibonacci retracement at 0.6004 may serve as a crucial support level, followed by the nine-day Exponential Moving Average (EMA) at 0.5988. A decisive break below the EMA could potentially pave the way for the pair to test the 38.2% Fibonacci retracement at 0.5960, aligning with the significant level at 0.5950.
Long
by tradingconmike
NZDUSD Long Term BUYING Trading IdeaHello Traders In This Chart NZDUSD HOURLY Forex Forecast By FOREX PLANET 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 CHART 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
Long
by ForexPlanet20
NZDUSD → Inverted H&S in progressThe FX:NZDUSD pair aims for stability above the psychological resistance of 0.6000 as the market mood has turned bullish due to easing price pressures in the United States economy. The Kiwi asset turns upbeat as investors hope that the Federal Reserve (Fed) is done with hiking interest rates as progress in inflation declining towards 2% is steady. S&P500 futures generated decent gains in the Asian session, indicating a significant improvement in the risk-taking ability of the market participants. The US Dollar Index (DXY) hovers near a two-month low around 104.00. Further action in the US Dollar will be guided by the monthly US Retail Sales data for October, which will be published at 13:30 GMT. As per the consensus, consumer spending contracted by 0.3% against 0.7% growth in September. NZD/USD forms an Inverted Head and Shoulder chart pattern on a daily scale, which indicates a prolonged consolidation. A breakout of the aforementioned chart pattern will result in a bullish reversal. The asset climbs above the 50-day Exponential Moving Average (EMA), which indicates that the major trend has turned bullish. The Relative Strength Index (RSI) (14) aims to shift into the bullish range of 60.00-80.00. If the RSI (14) manages to do so, a bullish momentum will get triggered. More upside would appear if the asset breaks above the neckline of the inverted H&S pattern, which is placed from September 29 high at 0.6050. This will result in further upside towards August 11 high near 0.6090 followed by August 4 high at 0.6133. In an alternate scenario, a breakdown below November 14 low at 0.5863 would drag the asset toward November 2 low at 0.5838. Further decline below the latter would expose the asset to October 26 low at 0.5772.
Long
by tradingconmike
💡NZDUSD: Will there be a turnaround?NZDUSD witnessed its third consecutive day of decline. However, the downward momentum appears relatively mild, given that three days of decline do not match the intensity of the preceding single day of increase. The price is currently undergoing a retest, suggesting a potential stabilization. The chart structure on NZDUSD D1 indicates a cumulative sideways movement. On the H1 timeframe, NZDUSD is forming a price range, indicative of a cumulative sideways phase. The primary strategy for today involves selling NZDUSD on the H1 chart from higher levels. Alternatively, there's a reserved approach to wait for a potential buy opportunity if NZDUSD on H1 breaks above and successfully retests.
Short
by Stone_Haven