NZD/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
NZD/USD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 0.983.
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USDNZD 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%
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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.
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.
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Bearish reversal off pullback resistance?NZD/USD is reacting off the reistance level which is a pullback resistance that lines up with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.6039
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 0.6060
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension.
Take profit: 0.5966
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
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waterfall time? the drop that drop everything with it time? waterfall time?
the drop that drop everything with it time?
or no?
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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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CLS is real smart money โ the combined power of major investment banks and central banks moving over 6.5 trillion dollars a day. Understanding their operations is key to markets.
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Understanding the behavior of CLS allows you to position yourself with the giants during the market manipulations โ leading to buying lows and selling highs - cleaner entries, clearer exits, and consistent profits.
๐ Model 1
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.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
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NZD_USD RIKSY SHORT|
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NZD_USD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 0.6020
Price decline is to be expected
SHORT๐ฅ
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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
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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
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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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NzdUsd Trade IdeaNzdUsd is another bearish pair. There is a level of resistance on the higher time frame where price could potentially respect and flip structures at that specific level. If all goes well we could expect some sort of bearish range. I'll be looking to short the pair for a 1:3rr if the set up plays out as planned.
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
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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.
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NZD_USD WILL GO DOWN|SHORT|
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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
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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.
NZDUSD POSSIBLE TRADE SETUPPotential Trade Setup on NZDUSD
NZDUSD is on a strong 3-week rally correction that almost got broken to the downside last week and successfully retested on Friday
That said, I am still quite anticipating for a possible continuation of the bearish trajectory that started last week to continue towards the MAY low at 0.5880
Trading Plan:
1. SELL: is currently in play, and a further downside movement can be well followed through in the 4H chart.
2. BUY: if the resistance is broken and the retest is successful.
Targets:
1. Can be 1:2 for either entry.