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Kiwi

NZDUSD H4 | Heading into resistance?NZDUSD could head into an overlap resistance that sits just above the 38.2% Fibonacci retracement level. Price could hit the sell entry at 0.61159 and potentially reverse to drop lower. Take profit is at 0.59925 which is an overlap support at the recent swing-low. Stop loss is at 0.618573 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.
Short
by FXCM
✨ NZDCHF...UT ✨ Swing Trade ✨✨ NZDCHF...UT ✨ Swing Trade ✨ - SL @ 0.5300 🚫 BLO @ 0.54421 ⌛️ BSO @ 0.57441 ⌛️ TP1 @ 0.62380 TP2 @ 0.70565 TP3 @ 0.75736 Current Opportunity Our team foresees a notable downtrend retracement for DXY, leading to a bullish stance on NZDCHF. Our strategy involves partially reducing our position by 25% at the first and second take profits, ultimately closing the entire position upon reaching our third take profit. Big Picture Following the projected downward retracement, we anticipate DXY to sustain its upward momentum, which is expected to extend the bearish trend of NZDCHF in the long term. As we approach TP3, we will provide an update regarding a potential short position. Happy Trading!!
Long
by CashFalcon
NZDUSD H4 | Overhead resistance for Kiwi?NZDUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 0.60967 and potentially move lower from here. Our stop loss will be at 0.61306 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 0.60251 which is a recent swing-low support. 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.
Short
by Rockqet
2
NZDCAD 29/MAY/2023The Reserve Bank of New Zealand (RBNZ) recently made a decision to raise interest rates. Normally, when a country raises its interest rates, it tends to strengthen its currency. in this case, the opposite happened in this situation. The price of the New Zealand dollar actually went down because of a dovish statement from the RBNZ. A dovish statement means that the central bank (RBNZ) expressed concerns about the economy uncertainty, causing it to decline in NZD value against other currencies. NZDCAD has formed a bearish channel, which suggests a downward trend in the NZD's value. Given the support area and the bearish channel, there is a possibility that the price of the New Zealand dollar will rebound or increase in value in the near future. Traders and investors will be closely watching this support area to see if the NZD's price bounces back from there. There are several geopolitical, economic, and fiscal policy issues that could potentially impact the rebound of the New Zealand dollar and even push it to drop further. These factors are particularly relevant in light of the dovish statement from the RBNZ. Geopolitical events, such as trade disputes, political instability, or global conflicts, can have a significant impact on currency values. If there are geopolitical tensions or uncertainties that affect New Zealand's trade relationships or create instability in the region, it could put downward pressure on the New Zealand dollar. Economic factors also play a crucial role. If there are indications of a weakening New Zealand economy, such as lower-than-expected GDP growth, rising unemployment, or a decline in consumer spending, it could negatively impact the NZD's value. If there are concerns about inflation exceeding expectations or a deterioration in the overall economic outlook, it could lead to a further decline in the currency. Fiscal policy decisions by the New Zealand government can also influence the currency. If there are indications of expansionary fiscal policies, such as increased government spending or tax cuts, it could stimulate economic growth and potentially support the New Zealand dollar. Conversely, if there are concerns about fiscal austerity measures or a lack of government support for the economy, it could undermine the currency's rebound. Furthermore, any additional dovish statements or actions from the RBNZ could reinforce the downward pressure on the New Zealand dollar. If the central bank continues to express concerns about the economy, hinting at further interest rate cuts or unconventional monetary policy measures, it could erode market confidence and lead to a deeper drop in the NZD's value. The currency market is influenced by a complex interplay of various factors, and predicting its movements with certainty is challenging. Traders and investors should carefully monitor geopolitical developments, economic indicators, and fiscal policy decisions, along with any further statements from the RBNZ.
Long
by DNP-FX
2
NZDUSD H4 | Kiwi rising into resistance?NZDUSD could rise towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 0.60974 and potentially move lower from here. Our stop loss will be at 0.61263 which is an overlap resistance. The take profit level will be at 0.60429 which is a recent swing-low support. 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.
Short
by Rockqet
NZDUSD H4 | Approaching 23.6% Fibo resistanceNZDUSD could approach a key resistance level and potentially reverse from here. We could see price drop down to our take profit target. Entry: 0.60845 Why we like it: There is an overlap resistance that aligns with the 23.6% Fibonacci retracement Stop Loss: 0.61171 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement Take Profit: 0.60330 Why we like it: There is a 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.
Short
by VantageMarkets
🔥 NEW: GBPNZD 🔥 SWING TRADE 🔥-SL @ 2.0750 🚫 SLO @ 2.0560 ⏳ SSO @ 2.0190 ⏳ TP1 @ 1.9485 (shaving 25%) TP2 @ 1.8875 (shaving 25%) TP3 @ 1.8433 (shaving 25%) TP4 @ 1.7751 (closing ALL Sell Orders) SLO1 @ 1.7590 ⏳ SLO2 @ 1.7190 ⏳ -SL @ 1.7000 🚫 TECHNICAL ANALYSIS: The price of GBPNZD is currently trading at ~2.0415. Overall, the technical analysis for GBPNZD is bearish. The price is trading below the moving averages, the RSI is below 50, and the MACD is crossing below the signal line. This analysis suggests that price action will likely continue to decline in the near term. FUNDAMENTAL ANALYSIS: As of May 26, 2023, the fundamental analysis for GBPNZD is strong — short term — and nearing a solid supply area @ 2.0560. On the one hand, the UK economy is improving, with GDP growth expected to reach 1.2% in 2023. This data supports the strong employment growth and rising wages. However, on the other hand, the UK's trade deficit is widening, and inflation is expected to remain high. In New Zealand, the economy is also growing, and its GDP growth is expected to reach 2.5% in 2023, supported by solid dairy exports. Overall, the fundamental outlook for GBPNZD is weakening. The UK economy shows signs of the widening trade deficit and inflation increasing. As a result, the pound's value is likely to remain under pressure, and the Kiwi dollar is expected to appreciate causing the GBPNZD to be short.
Short
by ProfessorCEWard
NZDUSD H4 | Overhead resistance for Kiwi?NZDUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 0.60974 and potentially move lower from here. Our stop loss will be at 0.61513 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement. The take profit level will be at 0.60429 which is a recent swing-low support. 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.
Short
by Rockqet
4
NZDUSD H4 | Falling to supportNZDUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.61242 and bounce up from here. Our stop loss will be at 0.60974 which is an overlap support. The take profit level will be at 0.61602 which is an overlap resistance. 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.
Long
by Rockqet
NZD/USD to remain bid ahead of tomorrow's RBNZ meeting?There are a growing number of calls for the RBNZ to deliver a hawkish 25bp hike tomorrow, due to the government's 'inflationary' budget delivered last week. This could also potentially result in the RBNZ upgrading their terminal rate in their quarterly forecasts. NZDUSD is consolidating on the 4-hour chart, having found support above the 200-day EMA. RSI (14) is above 50 and confirming the initial stages of this assumed trend, and OBV (on balance volume) has broken to new cycle highs to suggest underlying bullish pressure. We've identified around the monthly R1 pivot ~0.6340 for an initial upside target, and the near-term bias remains bullish above the 200-day EMA.
Long
by CityIndex
✨ NEW: NZDUSD ✨ Day Trade (7m)SLO @ 87.00 (aggressive sell order) TP3 @ 86.90 (closing ALL buy orders) TP2 @ 86.75 (shave 25%) TP1 @ 86.50 (shave 25%) BLO1 @ 86.40 (aggressive buy order) BLO2 @ 86.25 (aggressive buy order) -SL @ 86.00 🚫 NZD News May 23, 2023 @ 19:00 PT / 22:00 ET The Official Cash Rate (OCR) Will Affect the New Zealand Dollar (NZD) The OCR is set by the Reserve Bank of New Zealand (RBNZ) and is used to control inflation. When inflation is high, the RBNZ will raise the OCR in an effort to slow down the economy. This can make the NZD more valuable, as it makes New Zealand a more attractive place to invest. When inflation is low, the RBNZ will lower the OCR in an effort to stimulate the economy. This can make the NZD less valuable, as it makes New Zealand a less attractive place to invest. 📈 The NZDJPY pair is currently trading at 86.61. Price Action (PA) has been in an uptrend (UT) since 05/21 @ 18:54 PT and if PA breaks mid-pivot (MP) @ 86.65, it should continue the UT until it reaches Major Resistance @ ~86.77 or ~87.04. 📉 If PA reacts to 86.77 as Major Resistance, it could continue to retrace down to the next Demand Zone (DZ) @ 86.40 or 86.25 (7m). * Resistance 2 @ ~87.04 * Resistance 1 @ ~86.77 * Support 1 @ ~86.40 * Support 2 @ ~86.25 BANKS, BUSINESSES, CONSUMERS —The OCR is the interest rate set by the Reserve Bank of New Zealand (RBNZ) —It is the rate at which banks can borrow money from the RBNZ —When the OCR is increased, it makes it more expensive for banks to borrow money —Which, in turn, makes it more expensive for businesses —Which, then, makes it more expensive for consumers to borrow money —This can lead to a slowdown in economic activity —This puts pressure on the value of the NZD —This pressure would cause the NZDJPY to rise INVESTORS — Higher OCRs tend to make the NZD more valuable — Higher interest rates make New Zealand a more attractive place to invest — A higher return can be earned on their money — This increased demand for NZD pushes up its value. ⚠️ It is important to remember that the value of the NZD against the JPY can fluctuate rapidly, and it is always important to do your own research before making any trading decisions.
Long
by ProfessorCEWard
NZDUSD H4 | Reversal from overlap support?NZDUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.62659 and bounce up from here. Our stop loss will be at 0.62070 which is an overlap support. The take profit level will be at 0.63109 which is an overlap resistance that aligns with the 61.8% 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.
Long
by Rockqet
NZDUSD H4 | Potnetial bullish reversal?NZDUSD is falling towards a key support level and potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.62605 Why we like it: There is an overlap support Stop Loss: 0.62077 Why we like it: There is an overlap support Take Profit: 0.63110 Why we like it: There is an overlap resistance that aligns with the 61.8% 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.
Long
by VantageMarkets
NZDUSD H4 | Rising to 38.2% FiboNZDUSD is rising towards a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 0.62605 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement Stop Loss: 0.63110 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement Take Profit: 0.61897 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.
Short
by VantageMarkets
NZDUSD H4 | Resistance at 38.2% Fibo?NZDUSD is rising towards a key overlap resistance that aligns with the 38.2% Fibonacci retracement and potentially reverse from this level. Price could hit our sell entry at 0.62616 and drop down from here. Our stop loss will be at 0.63091 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. The take profit level will be at 0.61876 which is a recent swing-low. 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.
Short
by Rockqet
2
NZDUSD H4 | Bounce from 61.8% Fibo?NZDUSD is falling towards a key overlap support that aligns with the 61.8% Fibonacci retracement and potentially reverse from this level. Price could hit our buy entry at 0.62183 and bounce up from here. Our stop loss will be at 0.61670 which is an overlap support. The take profit level will be at 0.62636 which is an overlap resistance. 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. 4. Long
Long
by Rockqet
3
NZDUSD H4 | Falling to 23.6% FiboNZDUSD is falling towards a key overlap support and could potentially reverse from this level. Price could hit our buy at 0.63155 and bounce up from here. Our stop loss will be at 0.62813 which is an overlap support that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 0.63790 which is an overlap resistance. 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.
Long
by Rockqet
NZDUSD H4 | Falling to 23.6% Fibo supportNZDUSD is falling towards a key support level and reverse from here. We could see price bounce up to our take profit target. Entry: 0.63147 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement Stop Loss: 0.62758 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement Take Profit: 0.63790 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.
Long
by VantageMarkets
Joe G2H - Selling NZDCAD (Again)Trade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.85014 Take Profit Level: 0.8420 Stop Loss: 0.8542 Risk/Reward: 2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
NZDUSD H4 | Pulling back to 23.6% FiboNZDUSD is pulling back towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.63109 and bounce up from here. Our stop loss will be at 0.62707. The take profit level will be at 0.63599 which is a recent swing-high resistance. 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.
Long
by Rockqet
1