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NZDUSD

NZDUSD ANALYSIS ON H4 CHART.Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100 after the hawkish tone delivered by the U.S. FOMC. The New Zealand CPI q/q data (Actual: 1.4%, Forecast: 1.3%, Previous: 2.2%) released earlier today indicated a slowdown in the pace of inflation during the fourth quarter of 2021. NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67100. Look for short buying opportunities of NZD/USD.
Long
by charliedavies770
NZDUSD ANALYSIS ON H4 CHART.Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100. The New Zealand CPI q/q data (Forecast: 1.3%, Previous: 2.2%) will be released tomorrow at 0545 (GMT+8). Currently, NZD/USD is testing the resistance zone of 0.67100 and the next support zone is at 0.65400. If NZD/USD rejects the resistance zone of 0.67100, look for short-term selling opportunities up until the FOMC announcement tomorrow at 0300 (GMT+8).
Short
by charliedavies770
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6695). 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 35. Take Profits: TP1= @ 0.6660 TP2= @ 0.6635 TP3= @ 0.6613 TP4= @ 0.6589 TP5= @ 0.6570 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_ME
5
The one where it didn't Work.Trading is the game of Probabilities. Lot of retailers are being dragged into markets without proper understanding of RISK MANAGEMENT. It is NOT as simple as just about clicking that "Buy/sell button" I am here to share the importance of STOP LOSS and the purpose of writing this up is to share that part where maket tells you that it's above you. Irrespective of how good your analysis is, Irrespective of how great you're at interpreting the price action. You can still Lose. Let me explain this trade - So many cues influenced me to put on this trade. Starting off with the head and shoulders on the top left corner. Constant selling pressure + EMA 9 going below EMA 21 + Breaking that neckline - were add-ons. Missed my entry there. By the time I got back to the screen, Price was straight down to $0.6763. I Interpretted looking at wide red candle on 18th Jan, that the sellig presure was still intact. Which was even confirmed by looking at the indicators. As soon as the support left the play, I thought it was a good entry and I went short. 1 Hour later my SL was hit. Post-mortem- I think it was not a good entry from the swing prespective. However, would've made a couple of bucks on a shorter time frame. Where did I go wrong ? May be I didn't capture the bullishness that was being built, backed by decent volumes at 11:30 PM. PLEASE RESPECT YOUR STOP LOSS.
by pranay0508mishra
AUDUSD Analysis on H4 Chart.Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.68 and traded into the resistance zone of 0.68400 after the release of the strong U.S. inflation data, leading to the weakening of USD. The New Zealand Building Consents data (Actual: 0.6%, Forecast: NA, Previous: -2.1% revised from -2.0%) released earlier today indicated an increase in the number of issued building permits in last November. Current, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100. Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
Long
by charliedavies770
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this symbol, waves 1, 2 and 3 have been completed and now we are inside wave 4. Wave 4 is very long in terms of time and is in normal condition in terms of Fibo. We think this wave is complex and from this complex wave the y wave is being completed. We are inside wave (c) of wave (y) and from this wave c, waves 1, 2, 3 are formed. And now wave 4 has started, wave 4 according to wave 2 is probably in the form of a flat, which is long in terms of time and shallow in terms of price, and we still preferred not to specify the target. If the Fibonacci retracement of 0.618 at the price of 0.70000 is broken upwards, it can be concluded that the correction process is complete and the leading waves are forming. A further drop above Fibonacci 0.618 would be a very abnormal warning sign. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
NZDUSD Analysis on H4 Chart.Overall, NZD/USD is ranging across. Recently, NZD/USD traded into the resistance zone of 0.68400. New Zealand banks will be closed today in observance of New Year’s Day. Also, New Zealand banks will be closed tomorrow in observance of Second New Year’s Day. Expect lower trading volume and volatility during the usual New Zealand market hours. Currently, NZD/USD is testing the resistance zone of 0.68400 and its next support zone is at 0.67100. Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
Long
by charliedavies770
NZDUSD | The best point to buy🎯Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4. Wave 4 is very long in terms of time and is in normal condition in terms of Fibo. We think this wave is complex and from this complex wave the y wave is being completed. We are inside wave c of y, and from this wave c, waves 1,2,3 are formed. And now wave 4 has started, wave 4 according to wave 2 is probably flat, which is long in time and shallow in price. Preferably, we will specify a more accurate target in the next analysis. If the Fibonacci retracement of 0.618 breaks at the price of 0.70000, it can be concluded that the correction process is complete and the leading waves are forming. A further drop above Fibonacci 0.618 would be a very abnormal warning sign. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
3
NZDUSD braces for a bull-run ahead of next week’s RBNZFirmer RBNZ Inflation Expectations for Q4 propels NZDUSD towards confirming falling wedge bullish formation, extending run-up towards the 200-SMA level of 0.7070 by the press time of early Thursday. It should be noted, though, that the 38.2% Fibonacci retracement (Fibo.) of September-October upside, near 0.7085, adds to the upside filter and may probe the bulls before directing them to the monthly peak surrounding 0.7200. In doing so, the RBNZ’s rate hike will be crucial to watch. Meanwhile, failures to keep the wedge breakout could drag the quote back to 61.8% Fibo. level near the 0.7000 threshold. Following that, a six-week-old horizontal support zone near 0.6980 and the wedge’s support line close to 0.6970 will test the NZDUSD bears before directing them to 78.6% Fibonacci retracement level and September’s bottom, respectively near 0.6930 and 0.6860. To sum up, NZDUSD flag bullish bias before the key RBNZ interest rate decision.
Long
by MTradingGlobal
NZDUSD drops back towards 0.6900 despite RBNZ rate hikeRBNZ leads the developed-world central banks with a 0.25% rate hike on Wednesday but couldn’t lift the NZDUSD prices. The reason can be linked to the broad US dollar strength amid risk-off mood and firmer Treasury yields. Technically, the Kiwi pair’s failures to cross the 10-DMA hurdle joined the bearish MACD signals and downward sloping RSI line to weigh on the quote. However, a horizontal area established from mid-June near 0.6915-25, becomes the key barrier for the pair’s further downside towards an ascending support line from August 20, around 0.6870. Also acting as a support is the latest swing low close to 0.6860 that can question the sellers before offering the yearly bottom of 0.6805. On the contrary, a clear upside break of the 10-DMA, at 0.6857 by the press time, won’t be enough for the NZDUSD bull’s welcome as a three-week-old resistance line near 0.7015 holds the gate for entry. In a case where the pair cross the trend line resistance, the 0.7080-85 region comprising multiple levels marked since late July may act as a buffer before propelling the quote to the last month’s high near 0.7170.
Short
by MTradingGlobal
Technical Analysis: NZDUSD bears rejected around 0.7000NZDUSD refreshed monthly low, before bouncing off 50-DMA during the four-day downtrend. Not only the short-term moving average but 38.2% Fibonacci retracement of the May-August decline also challenges the pair sellers around the 0.7000 threshold. Should the quote drops below the 0.7000 mark, 23.6% Fibonacci retracement level of 0.6920 and July lows near 0.6880 can entertain the bears before directing them to the yearly low of 0.6804. On the contrary, recovery moves need to get validation from September 08 lows near 0.7075. Following that, 61.8% Fibonacci retracement and monthly top, respectively around 0.7120 and 0.7170, should lure the NZDUSD buyers. In a case where the pair bulls keep the controls beyond 0.7170, the 0.7230 and the May monthly peak surrounding 0.7315 should return to the chart. Overall, the kiwi pair braces for corrective pullback amid a short-term downtrend.
Long
by MTradingGlobal