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U.S. Dollar / New Zealand Dollar

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USDNZD trade ideas

💡Don't miss the great sell opportunity in NZDUSD Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.7167). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Take Profits: TP1= @ 0.7114 TP2= @ 0.7090 TP3= @ 0.7055 TP4= @ 0.7026 TP5= @ 0.7003 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 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
7
New Zealand dollar jumps after FOMC meetThe New Zealand dollar has steadied on Thursday after posting strong gains a day earlier. Currently, NZD/USD is trading at 0.7260, up 0.07% on the day. The pair has climbed 0.85% so far this week. The New Zealand dollar continues to gain ground against the struggling US dollar. The kiwi has flexed its muscles in April, with sizzling gains of 3.97% this month, erasing the losses sustained in March. The FOMC meeting, which was passed without incident, saw the US dollar retreat broadly against the major currencies. The FOMC meeting did not contain any surprises, as the Fed remained in dovish mode. However, a close look at the language of the rate statement and Fed Chair Powell's follow-up remarks revealed a few subtle changes from previous meetings. The Fed acknowledged progress in the battle to control Covid-19 and the strengthening of the US labour market, stating: Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened". When Powell was asked specifically about tapering, he replied that it was too early to have a conversation about that. This sent US yields lower, dragging down the US dollar. With the FOMC meeting out of the way, the markets can now focus on key economic releases. The US releases first-estimate GDP for Q1 on Thursday (12:30 GMT), and the consensus is for a strong gain of 6.8%, after a 4.3% gain for Q4, which was revised upwards from 4.0%. A print of 6.8% or higher could shake up the US bond market and send yields higher, which would likely give the US dollar a much-needed boost. In New Zealand, business confidence improved to -2, up from the preliminary reading of -8.4 points. With the global demand growing for New Zealand commodities and stable domestic activity, I would expect business confidence to continue to improve in the coming months. NZD/USD is testing resistance at 0.7243. This is followed by resistance at 0.7291. There is support at 0.7135 and 0.7075
by OANDA
NZDUSD 1H The price managed to come down to the latest major structure zone, but even if its above the zone I am looking for some bearish breakouts, why that? I see the price after reaching the major high structure area, strong rejection happened and made little declination to the downside, that resist line is showing that. With that pressure, there are high probabilities for Double Top to form and break the neck zone, followed by retest and continuation, now at least down to the next structure zone.
by mestefe
NZDUSD AnalysisMy Technical Analysis 1. Bullish on weekly timeframe. 2. Broke down trendline on daily tf, hence buy bias. 3. Supported by the 50 EMA on 4h tf. 4. Nicely Rejected by the previous higher high and wick is near the 50 period ema on 1H tf. 5. Trendline break on 5min tf with a bullish engulfing candle. RISK REWARD RATIO - 1 : 6.66 Guys, I just wanna say that if this (almost) impossible trade idea is a win then I deserve a Gold Medal for this XD. I know by the time I finish typing this the trade might have progressed quite a bit but I'll try to figure it out for the next time. Entry/Exit stuff Entering on the Bullish engulfing candle that broke the down trendline on 5min tf - Stop loss below the swing low - Profit Target is on the weekly tf resistance line About Myself Hello Traders, My name is Sid. A New trader in market, started 6 months ago, did a price action / technical analysis course recently and now I'm here to practice and test my skills in real time. I'll be sharing my analysis and my ideas on many forex pairs here. Would appreciate your support (like, share, comment, etc.) and I'll see you on the next episode of Drag.... I mean "REAL TIME TRADER" (still thinking of a gud name, plz recommend some) See ya.
Long
by vxyawv
💡Don't miss the great sell opportunity in NZDUSD Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (0.7270). . 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 32. Take Profits: TP1= @ 0.6940 TP2= @ 0.6775 TP3= @ 0.6615 TP4= @ 0.6385 TP5= @ 0.6240 SL= Break below S2 ❤️ 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 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