Bearish reversal?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the pullback support.
Pivot: 0.6036
1st Support: 0.5965
1st Resistance: 0.6080
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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NZDUSD trade ideas
NZDUSD SHORT Market structure bearish on HTFs DH
Entry at Daily AOi
Weekly Rejection At AOi
Daily Rejection At AOi
Previous Structure point Daily
Around Psychological Level 0.60000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 3.06
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
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NZDUSD I Monthly CLS I Model 1 I TR Liqudity as TargetHey, Market Warriors, here is another outlook on this instrument
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is right after the manipulation of the CLS candle when CIOD occurs, and we are targeting 50% of the CLS range. H4 CLS ranges supported by HTF go straight to the opposing range.
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๐ Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Possible reversal on Nzd/UsdNZD/USD is currently trading around 0.6030, and there are indications of a potential reversal. Let's break down the key points :
- Current Price: NZD/USD is trading at 0.6027, with a 0.2% increase in the last 24 hours.
- Ascending Channel: The pair is testing the lower boundary of an ascending channel near 0.6020, which could signal a bearish bias if broken.
- Relative Strength Index (RSI): The 14-day RSI remains above 50, suggesting a bullish bias is still in play.
- Resistance Levels: Initial resistance is at the nine-day EMA of 0.6028, followed by the eight-month high of 0.6081.
- *Support Levels*: A break below 0.6020 could lead to a decline toward the 50-day EMA at 0.5941.
Maybe bullish:
- Overlap Support: The pivot point at 0.5989 acts as an overlap support, which could lead to a bounce to the 1st resistance at 0.6060.
- Buying Opportunity: Traders are monitoring NZD/USD for a buying opportunity around the 0.60000 zone, citing a testing of the upward trend and liquidity zone.
Keep in mind that technical analysis is only part of investment reference, and market volatility can be unpredictable. It's essential to consider multiple factors, including economic news and geopolitical events, when making trading decisions .
NZDUSD to find sellers at market price?NZDUSD - 24h expiry
Price action looks to be forming a top.
Further downside is expected.
Risk/Reward is ample to call a sell from current levels.
A move through 0.5910 will confirm the bearish momentum.
The measured move target is 0.5875.
We look to Sell at 0.5975 (stop at 0.6005)
Our profit targets will be 0.5900 and 0.5875
Resistance: 0.5950 / 0.5960 / 0.5975
Support: 0.5910 / 0.5900 / 0.5875
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Bullish bounce off overlap support?The Kiwi (NZD/USD) is reacting off the pivot, which has been identified as an overlap support, and could bounce to the first resistance, which is an overlap resistance.
Pivot: 0.5990
1st Support: 0.5951
1st Resistance: 0.6044
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Trade Idea: Buy NZD/USD (Short-Term)
**๐ Trade Idea: Buy NZD/USD (Short-Term)**
**Bias:** ๐ผ Mildly Bullish
**Timeframe:** โณ Short-Term (few days to a week)
---
### **๐ก Why Buy NZD/USD?**
**๐บ๐ธ U.S. Dollar (USD):**
* **U.S. growth slowing**
โ *๐ Losing steam โ not great for the greenback.*
* **Inflation still above 2%**
โ *๐ฅ Still sticky, but not hot enough to force more hikes.*
* **Fed on pause, no hikes expected**
โ *๐ Neutral stance = no strong push behind the dollar.*
* **Traders are heavily short USD**
โ *๐ Market leaning bearish โ the flow favors downside.*
---
**๐ณ๐ฟ New Zealand Dollar (NZD):**
* **Moves with AUD; USD weakness helps**
โ *๐งฒ Riding the Aussieโs coattails and dollar softness.*
* **RBNZ cut to 3.25% but no surprises now**
โ *๐ค Dovish tone is baked in โ no fresh reason to sell.*
* **Inflation stable, no shock data**
โ *โ๏ธ Balanced outlook helps keep NZD supported.*
* **June 23 GDP is the next big test**
โ *๐
Eyes on the date, but no panic until then.*
* **Dairy & China demand still a drag**
โ *๐๐ Known risks โ not new, not spooking the market.*
---
### **๐ Outlook:**
Not a breakout setup, but NZD/USD could **grind higher** if nothing major changes. USD weakness + quiet Kiwi = room to float up short-term.
---
**๐ Note:**
> *โItโs not exciting, but itโs working. USD soft, NZD steady โ could drift higher while the market waits for GDP.โ*
NZD/USD Shows Bullish Hints, Can Gains Be Sustained?Market Analysis: NZD/USD Shows Bullish Hints, Can Gains Be Sustained?
NZD/USD is also rising and might aim for more gains above 0.6040.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is consolidating gains above the 0.6000 zone.
- There was a break above a major bearish trend line with resistance at 0.5970 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD at FXOpen, the pair started a steady increase from the 0.5880 zone. The New Zealand Dollar broke the 0.5920 resistance to start the recent increase against the US Dollar.
There was a break above a major bearish trend line with resistance at 0.5970. The pair settled above 0.5960 and the 50-hour simple moving average. It tested the 0.6040 zone and is currently consolidating gains.
The pair tested the 23.6% Fib retracement level of the upward move from the 0.5882 swing low to the 0.6040 high. However, the bulls are active above the 0.6000 level.
The NZD/USD chart suggests that the RSI is stable near 60. On the upside, the pair might struggle near 0.6040. The next major resistance is near the 0.6090 level.
A clear move above the 0.6090 level might even push the pair toward 0.6120. Any more gains might clear the path for a move toward the 0.6200 resistance zone in the coming days.
On the downside, immediate support is near the 0.5980 level. The first key support is near 0.5960. It is close to the 50% Fib retracement level.
The next major support is near 0.5920. If there is a downside break below the 0.5920 support, the pair might slide toward 0.5880. Any more losses could lead NZD/USD in a bearish zone to 0.5850.
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.
NZDUSD Bearish Bias on the 4H Bearish momentum break of trend line
LL created
Waiting for a pull back to the 50 - 61.8 % fib level
Pros
- we have daily Bearish
- Key Resistance level
- Fresh trend change
Cons
- We still need to wait for pull back to present a good entry.
For Entry,
- Looking for bearish price action e.g
momentum loss, pull back trend line break, bearish engulfing,
lower timeframe change of structure
Heading into overlap resistance?The Kiwi (NZD/USD) is rising towards the pivot which has been identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse to the 1st support which is a pullback support.
Pivot: 0.6009
1st Support: 0.5940
1st Resistance: 0.6044
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish AB=CD Hey traders ๐
This is a textbook Bullish AB=CD structure unfolding on NZDUSD.
The market sold off in clean symmetry from A โ B, pulled back into C, and completed the full AB = CD leg at D (0.59590) โ precisely at the 100% โ 127.2% PRZ.
๐ง Pattern Breakdown:
AB = CD completion at 0.59590
Reversal began from confluence zone with clear reaction
PRZ defined from 0.59788 to 0.59574
Target 1 โ 0.60202 โ 0.60368
Target 2 โ 0.60683 โ 0.60849 (extension to full symmetry cycle)
We now monitor for continuation and use structure to manage the trade.
Momentum shifting bullish โ trade the setup, not your opinion.
โ C. Dela | #TradeChartPatternsLikeThePros.
NZDUSD Breakout Alert | Bearish Wave Incoming?The bullish trendline that supported NZD/USD for over a month has finally been broken decisively, signaling a potential bearish reversal.
๐ Technical Breakdown:
Price has rejected strong resistance around 0.6078 โ 0.6100
Clean breakdown below the bullish trendline support
Market structure shift confirmed on the 4H chart
Bearish momentum is gaining strength with no signs of slowdown
๐ Bearish Scenario:
Expecting a minor pullback toward 0.5950โ0.5980 zone (potential retest)
If resistance holds, likely continuation toward major support at 0.5490
โ
Trade Idea:
๐ Sell on pullback below 0.5980โ0.6000 zone
๐ฏ Target: 0.5700 โ 0.5550 โ 0.5490
โ SL above 0.6100
๐ Watch closely for price action confirmation before committing โ momentum is key.
#NZDUSD #ForexAnalysis #Breakdown #TrendReversal #TechnicalAnalysis #BearishSetup #TradingView #PriceAction
NZD/USDPrice action trading is a methodology in financial markets where traders make decisions based on the actual price movements of an asset over time, rather than relying heavily on technical indicators or fundamental analysis. It involves observing and interpreting patterns and trends in price charts to predict future price movements.
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 127.2% Fibonacci resistance.
Pivot: 0.6036
1st Support: 0.6002
1st Resistance: 0.6093
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZD_USD WILL GO DOWN|SHORT|
โ
NZD_USD is going down currently
As the pair broke the key structure level of 0.6030
Which is now a resistance, and has made a pullback
And the retest, so I think the price will keep going down on Monday
SHORT๐ฅ
โ
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.