Looking for shortNZDUSD is expecting to reach to the downside after having a reversal formation & has a clear movement to the downside.
USDNZD trade ideas
nzdusd outlookNZDUSD to continue, shooting down as you can see its already on a down trend and there is a flag like pattern forming
NZDUSD drops 1.0% on RBNZ’s dovish halt, focus on 0.6080-70NZDUSD marks the biggest daily loss in two weeks as the Reserve Bank of New Zealand (RBNZ) announces monetary policy decision. That said, the RBNZ not only pushed back the concerns about rate hikes while keeping the practices unchanged but Governor Adrian Orr signaled the end of the rate hike trajectory in his press conference and drowned the New Zealand Dollar (NZD). With this, the quote extends the previous day’s U-turn from the 50-SMA hurdle while justifying a looming bear cross on the MACD. However, a convergence of the 200-SMA, an upward-sloping trend line from mid-November 2023 and a 50% Fibonacci ratio of the Kiwi pair’s October-December 2023 upside, near 0.6080-70, appears a tough nut to crack for the bears. Should the quote manage to remain bearish past 0.6070, the odds of witnessing a slump toward the 0.6000 psychological magnet can’t be ruled out.
Meanwhile, the 38.2% Fibonacci retracement level and the 50-SMA will restrict the NZDUSD pair’s corrective bounce respectively near 0.6150 and 0.6180. Following that, the 0.6200 round figure and the monthly high of around 0.6220 will lure the Kiwi pair buyers. It should be noted that the quote’s sustained run-up beyond 0.6220 will need validation from the 0.6280 and the 0.6300 upside hurdles before targeting the late 2023 peak of around 0.6370.
Overall, the RBNZ disappoints the Kiwi bulls and lures the pair bears but the downside room appears limited.
"Unveiling the Downward Spiral: NZD/USD Trend Analysis"In this analysis, we delve into the NZD/USD currency pair's current trajectory, revealing a downtrend that appears poised to persist. With a strategic examination of recent market movements, we uncover a trend that seems to have entrapped buyers, offering insights into potential future developments. Stay informed and navigate the market with confidence as we dissect the intricacies of this downward spiral in NZD/USD trading.
@johntradingwick
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SMC EntryPossible Order block entry in NZDUSD, if inducement is grabbed then valid high will get confirm and price can go to the order block, Then can make entry on 15M timeframe when Choch happens in !5M timeframe
NZDUSD As per previous post I have recommended this on behalf of our technical analysis, Now you can see that the trend is going as per marked target.
NZDUSDNZDUSD Technical Analysis According Lone Because, NZDUSD Consolidation Breakout or Retest Complete. So NZDUSD Buy for Long Time Trader and Short Time.
"Navigating the NZD/USD Resistance: Understanding Breakout FailuIn the dynamic realm of forex trading, the NZD/USD pair has encountered resistance, prompting traders to anticipate a potential breakout. However, historical data suggests that the pair often maintains a range-bound behavior, making breakout attempts susceptible to failure. This phenomenon prompts a closer examination of the factors influencing such occurrences and strategies for navigating breakout failures effectively. Understanding the dynamics of breakout failures in the NZD/USD pair is crucial for traders seeking to capitalize on its price movements while managing risks prudently. This article delves into the intricacies of breakout failures in the NZD/USD pair, offering insights and strategies to navigate this challenging yet potentially rewarding aspect of forex trading.
NZD/USD Long TradeMACD Diverged at 0.59811 signaling a reversal. Price Rejected off of the Trendline after it failed to break lows. MACD gave upward Momentum signal once Price hit the Trendline. Confirming the reversal. Stop Loss at the last Swing Low 0.60420
NZDUSD 4H short position | fvg entry updateThis is the update of my previous post on NZDUSD 4H sell setup , beautiful 1:3.5 RRR trade
NZDUSD , WAITING FOR PERFECT SETUPNZDUSD , WAITING FOR PERFECT SETUP , Fib shows stop at 50 , trend is up , just need to breat the higher high now and i am in
NZDUSD 4H short idea | FVG setup Confirmations:-
1] market structure shift
2] order block
3] fvg entry
4] trend continuation
5] engulfing bar candlestick confirmation
Target:- 1:3.5 RRR
NZDUSD bulls can ignore recent pullbackNZDUSD drops the most among the G10 currency pairs while reversing the previous weekly gains, the first in four, as market players show a lack of conviction in the hawkish speech from Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr. It’s worth noting that a long holiday season in China also allowed the Kiwi pair traders to consolidate the previous week’s upside ahead of the US inflation data, scheduled for release on Tuesday. However, Friday’s falling wedge confirmation and bullish MACD signals, as well as the upbeat RSI (14) line, favor the quote’s gradual rise unless it slips back beneath the 0.6100 resistance-turned-support. Even so, the 100-SMA and the stated bullish chart pattern’s lower line, respectively near 0.6075 and 0.6030, quickly followed by the 0.6000 psychological magnet, will challenge the pair sellers before giving them control.
Meanwhile, fresh buying in the NZDUSD pair can wait for a clear upside break of a five-week-old horizontal resistance surrounding 0.6175-80. Following that, the mid-January swing high of around 0.6280 and the late 2023 peak of near 0.6370 will lure the Kiwi pair buyers. In a case where the quote remains firmer past 0.6370, the theoretical target of the falling wedge breakout, namely around 0.6450, will be in the spotlight.
Overall, the NZDUSD pair’s latest retreat becomes less attractive unless backed by the downbeat US inflation data, as well as a sustained trading beneath 0.6100.
NZDUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
A Good Possibility of upward Movement in NZDUSD , Long Trade .A good possibility of a upward momentum in NZDUSD as per Technical and Historical price action.
Q&M pettern created so it is bullishIt is created Q &M pettern created so it is buy side it will go up side
“Double Doji” lures big-time NZDUSD bulls as key week beginsNZDUSD edges higher past 0.6100 while defending the rebound from 200-SMA during early hours of the key week comprising New Zealand (NZ) Consumer Price Index (CPI) and the US PMIs for January. In doing so, the Kiwi pair also justifies the “Double Doji” bullish candlestick formation to consolidate the biggest weekly loss in six months. Additionally favoring the bullish bias is the RSI (14) line’s rebound from nearly oversold conditions and receding bearish bias of the MACD signals. It’s worth noting, however, that a daily closing beyond 0.6140 becomes necessary to confirm the bullish candlestick pattern. In that case, a convergence of a three-week-old falling resistance line and 23.6% Fibonacci retracement of October-December 2023 upside, near 0.6230, will gain the market’s attention ahead of the late 2023 peak surrounding 0.6370.
On the flip side, the 200-SMA level of 0.6090 restricts immediate downside of the NZDUSD pair. Following that, the 50% and 61.8% Fibonacci ratios could test the Kiwi pair bears around 0.6070 and 0.6000 respectively. If at all the NZ inflation fails to inspire the pair buyers and/or the US data came in too strong and pushes back the dovish Fed concerns, the sellers won’t hesitate to target the mid-November 2023 bottom of near 0.5860 before aiming for the previous yearly low of around 0.5770.
Overall, NZDUSD pair’s recovery appears overdue but the fundamentals need to back the upside and hence bulls should remain cautious.
My thoughts on NZDUSD 15th Jan 24 I think it'll drop to the 2H FVG to rebalance as well as to take any liquidity pools around that area indicated below current price then rally above the current highs for liquidity pools. Setup R:R = 3.5
sell in nzd/usdit is at resistance level and need for some profit booking
so it has more chances of showing some down side before continueing
its original trend so here is the plan
NZDUSD LONGnzdusd buy found
there is weekly trendline breakout found
and its buying pattern also no its near in 50% fibo of buy so 0.61750-0.61670 is the buy zone
if cross that next buy zone will be 0.61220-0.61130
and strong demand zone is 0.61010-0.60840
but my prediction is 1st and 2nd zone will be a strong zone
use sl and sell stop(x2lots compare to currents) order
NZDUSD short Though it is in the Discount in PD Array in LONG TERM perspective, there is a high chance that it will take out the SSL below the OCT 22 low; but before that, it is probable to grab the internal range liquidity.
