Kiwi H4 | Potential bearish reversal?The Kiwi (NZDUSD) is rising towards a key overlap resistance. Price could hit the sell entry at 0.63790, which is an overlap resistance that aligns close to the 127.2% Fibonacci extension level, and potentially reverse from this level to drop lower. Take profit is at 0.62964 which is a pullback support. Stop loss is at 0.64327 which is a pullback resistance that aligns close to the 141.4% Fibonacci extension level.
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Kiwi
NZDUSD H4 | Rising into resistance?NZDUSD is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 0.63881
Why we like it:
There is an overlap resistance that aligns with the 127.2% Fibonacci projection level
Stop Loss: 0.64745
Why we like it:
There is a pullback resistance that aligns with the 161.8% Fibonacci projection level
Take Profit: 0.62969
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD H4 | Falling to 50% Fibo supportNZDUSD is falling towards a key support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 0.61312
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.60647
Why we like it:
There is a recent swing-low support
Take Profit: 0.62177
Why we like it:
There is an overlap resistance at the recent swing-high
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD H4 | Potential bearish reversal?NZDUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 0.62079
Why we like it:
There is an overlap resistance
Stop Loss: 0.62357
Why we like it:
There is an overlap resistance that aligns close to the 127.2% Fibonacci extension level
Take Profit: 0.61275
Why we like it:
There is an overlap support that aligns close to the 38.2% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Kiwi is waking up- Stocks did well last week, when they closed at the highs, despite hawkish Powell, which can be one of the reasons why maybe USD did not sell off that much. However, there was a nice turn down on Friday of the US currency, when other majors rallied. Kiwi appears to be on the top of xxx/USD list, so if stocks will continue to rise then I think that NZDUSD will continue to do well. In fact, pair has some nice ongoing impulse away from 0.6050/40 key support area. I am long NZDUSD still, and will update it when needed.
NZDUSD H4 | Potential bearish reversal?NZDUSD has hit the sell entry at 0.60964 which is a key overlap resistance aligns with the 23.6% Fibonacci retracement level and price could potentially reverse to drop lower. Take profit is at 0.60439 which is an overlap support that aligns with the 78.6% Fibonacci retracement. Stop loss is at 0.61465 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
🔥 NEW: GBPNZD ✨ AGGRESSIVE TRADE 🔥-SL @ 2.0930 🚫
SSO1 @ 2.0795 ⏳
SSO2 @ 2.0525 ⏳
TP1 @ 2.0000 (shaving 25%)
TP2 @ 1.9566 (shaving 25%)
TP3 @ 1.9250 (shaving 25%)
TP4 @ 1.8750 (closing ALL Sell Orders)
Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair.
✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE
00:00 Intro
00:52 DCA Entries, TPs, SLs
03:48 Technical Analysis for Novices
08:20 Technical Analysis for the Pros
10:55 BIG PICTURE (21D)
12:27 Boost, Follow, Comment, Join
-SL @ 90.00 🚫
SLO2 @ 89.33 ⏳(21D)
SLO1 @ 89.00 ⏳ (2D)
SSO @ 88.33 ⏳ (2D)
TP1 @ 87.80 (shaving 25%)
TP2 @ 86.80 (shaving 25%)
TP3 @ 86.15 (shaving 25%)
TP4 @ 84.90 (shaving 25%)
TP4 @ 1.1475 (closing ALL Sell Orders)
TECHNICAL ANALYSIS
A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure.
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✨ NEW: NZDJPY ✨ BIG PICTURE (14D) ✨🗣 SHOUT OUT TO @Vick_NZ for recommending I re-analyze this pair.
-SL @ 94.50 🚫
SLO @ 89.33 ⏳
TP1 @ 79.75 (shaving 25%)
TP2 @ 71.50 (shaving 25%)
TP3 @ 65.50 (shaving 25%)
TP4 @ 56.25 (shaving 25%)
SUPPORT @ 54.00
BLO @ 48.55 ⏳
BLO2 @ 77.85 ⏳
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NZDUSD H4 | Bearish momentum for Kiwi?NZDUSD is one of the worst-performing currencies today. Could momentum carry it down towards our take profit target after hitting the sell entry? Wait for breakout confirmation prior to entering the trade.
Entry: 0.61476
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.61715
Why we like it:
There is an overlap resistance
Take Profit: 0.61118
Why we like it:
There is an overlap support that sits under the 50.0% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Looks explosiveGBP is trending higher against almost al pairs, in this case is forming a bullish flag. You can open a small position now, if it drops open another. I very unlikely that the pair breaks down the support. I don't have a TP, I would let it rip. My SL would be if a daily candle closes below the support breaking it.
POTENTIAL NZDUSD INTRA DAY LONG OPPORTUNITYHEY EVERYONE! HOPE YOU GUYS ARE HAVING A BLESSED AND PROSPEROUS WEEKEND!
I just wanted to come on here and share an intra-day intra-week opportunity here in NZDUSD. This setup is technically going to be a counter flow/ counter trend setup then the higher TF but it is worth sharing because of what price action did towards the end of last week. So lets dive in!
OK. So looking at NZDUSD we can see on the 1D timeframe it is currently bearish maintaining lower highs and lower low structure sequences. But the lower TF now seems to be shifting to a temporary bullish trend. last week we saw price action come down to make new lows then immediately shoot up breaking structure LH(lower high) on the 1H timeframe. Because this is bearish still on the 1D timeframe I held off to post this until I saw a new break higher to form a new higher high to confirm the hourly new bullish shift while being a pullback on our higher TF. Nonetheless there is great opportunity here for a intra-week trade to the upside into daily supply and structure resistance for a 3rd push on this hourly. Just to share I am long term believing, based on price action that we will see a large, longer monthly timeframe push to the upside but for now it is bearish on the daily and until it breaks above that we have to respect those levels until it does so. So lets look for some relief on this pair to the upside into those structure and supply levels for a potential few hundred pips for the week!
Cheers guys!
P.S. I HAVE A FEELING PRICE MAY TRY AND TAKE OUT SOME LOWS BEFORE GOING TO UPSIDE SO BE PATIENT AND WATCH FOR THOSE HOURLY BULLISH PLAYERS TO RETURN.
🔥 MODIFICATION: NZDJPY 🔥 SWING TRADE 🔥Our technical analysis of NZDJPY is still in play. The pair has been in a downtrend for the past few months and has recently reached a Supply Zone (SZ) at 86.60 on the 15-hour chart. This SZ suggests that there is strong selling pressure at this level, and it is likely that the pair will continue to decline. The next resistance level is at 86.80, and if this level is respected, then we have a huge opportunity to capitalize on this downside pressure.
Resistance @ 86.80
Supply Zone @ 86.60
SSO2 @ 86.15 📉
SSO1 @ 85.15 📉
TP1 @ 84.35 (shaving 25%)
TP2 @ 83.66 (shaving 50%)
TP3 @ 82.33 (closing ALL Sell Orders)
BLO1 @ 82.00
BLO2 @ 81.25
-SL @ 80.85 🚫
NZDUSD H4 | Approaching 61.8% Fibo resistanceNZDUSD could rise into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 0.61872
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 0.62368
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level
Take Profit: 0.61118
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD H4|Rising into 61.8% Fibo resistance?NZDUSD is rising into an overlap resistance that sits just above the 61.8% Fibonacci retracement level. Price could hit the sell entry at 0.61884 and potentially reverse to drop lower. Take profit is at 0.61142 which is an overlap support. Stop loss is at 0.62346 which is an overlap resistance that aligns with the 78.6% Fibonacci retracement level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD H4 | Overhead resistance for Kiwi?NZDUSD could head into an overlap resistance that sits just above the 38.2% Fibonacci retracement level. Price could hit the sell entry at 0.61142 and potentially reverse to drop lower. Take profit is at 0.60438 which is an overlap support at the recent swing-low. Stop loss is at 0.61884 which is an overlap resistance that sits just above the 61.8% Fibonacci retracement level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD H4|Kiwi running into 38.2% Fibo?NZDUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 0.61118
Why we like it:
There is an overlap resistance that sits above the 38.2% Fibonacci retracement level
Stop Loss: 0.61851
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level
Take Profit: 0.59939
Why we like it:
There is an overlap support at the recent swing-low
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDUSD, D1 | Reversal off key resistanceWe're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection.
It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower.
A reversal from here could see prices potentially drop all the way down to our major support at 0.5749 which also happens to be a 78.6% Fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.