Joe Gun2Head Trade - EURNZD Stalling on the dailyTrade Idea: Selling EURNZD
Reasoning: Resistance a 1.69922 on the daily
Entry Level: 1.6969
Take Profit Level: 1.6673
Stop Loss: 1.7047
Risk/Reward: 2.79:1
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.
Kiwi
Meanwhile In New Zealand....NZD/USD has failed to sustain the upside above 0.5800. While below 0.6010/0.6060, the downtrend is set to persist, economists at Société Générale report.
“NZD/USD recently formed an interim low near the lower limit of a multi-month down sloping channel at 0.5565 which is also a trend line drawn since 2009.”
“An initial bounce is taking shape; the 50 DMA near 0.6010/0.6060 which is also the low of July is expected to be an important hurdle near-term. Failure to overcome this resistance can lead to continuation in downtrend towards last month trough of 0.5565 and 2020 levels of 0.5495/0.5470.”
Unlike the RBA yesterday, the Reserve Bank of New Zealand met expectations by raising its key rate by 50 points to 3.5%. Having started raising the rate a year ago, the RBNZ accelerated the move from 25 to 50 points in April, bringing it to the cyclical highs of 2014-15.
The Reserve Bank cites too high core inflation (without food and energy) and labor shortages as reasons for further rate hikes. And here, it is worth remembering that at its peak in 2007/08, New Zealand's key rate reached 8.25%, and cyclical lows in 2002 and 2003 were 4.75% and 5.00%, respectively. In other words, the New Zealand economy is more suited to high rates than many.
Joe Gun2Head Trade - Head & Shoulders Top on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Head & Shoulders Top
Entry Level: 0.6311
Take Profit Level: 0.6125
Stop Loss: 0.6363
Risk/Reward: 3.53:1
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.
$nzdusd - I am bearish but why?$nzdusd - I am bearish but why?
I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading.
0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805
Data wise we got BOE & ECB left - lets see what they have in store for us.
Don't forget to trade your own plan.
Have a great day ahead,
Trade Journal
NZDUSD buying opportunity | 16 December 2022On the H4 timeframe, NZDUSD is ascending within a bullish channel. On 13 December, price spiked upon the release of softer than anticipated US CPI data, and came to test the 0.64550 where significant indecision can be seen between buyers and sellers from the ranging price action. Sellers eventually won out on the back of fundamental fuel on 15 December when a 50 bps Fed rate hike and hawkish FOMC statements caused NZDUSD to decline until the 0.63280 support level. This represents our entry point, where we forecast a bullish reversal back to the 0.64550 level which is also our take profit level. A break below to the next support level at 0.62650 represents our stop loss. Stochastics have dipped below the 20th percentile while price exceeded the lower bound of the Bollinger Bands, indicating that current prices are experiencing oversold conditions and supporting our bullish bias.
If price comes to test the 0.64550 resistance level again as we predict, investors should pay close attention to the Core PCE Price Index due to be released on 23 December, which may give price the bullish fuel to break above or keep it firmly under the resistance level.
EURNZD - Short term bias has turned positiveEURNZD - Intraday - We look to Buy at 1.6621 (stop at 1.6579)
Short term bias has turned positive. 20 4hour EMA is at 1.6619. We look to buy dips. The trend of lower intraday highs has also been broken.
Our profit targets will be 1.6721 and 1.6741
Resistance: 1.6740 / 1.6770 / 1.6794
Support: 1.6723 / 1.6690 / 1.6630
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Joe Gun2Head Trade - NZDUSD Bear flag on 60minTrade Idea: Selling NZDUSD
Reasoning: Short term top pattern and bearish flag
Entry Level: 0.6350
Take Profit Level: 0.6289
Stop Loss: 0.6376
Risk/Reward: 2.21:1
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.
Joe Gun2Head Trade - Swing failure on the dailyTrade Idea: Selling NZDJPY
Reasoning: Swing failure on the daily, looking for lower prices
Entry Level: 87.27
Take Profit Level: 86.37
Stop Loss: 87.68
Risk/Reward: 2.15:1
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.
EURNZD - Selling at trend resistanceEURNZD - Intraday - We look to Sell at 1.6559 (stop at 1.6599)
Trend line resistance is located at 1.6560. Bespoke resistance is located at 1.6570. Our short term bias remains negative. Preferred trade is to sell into rallies.
Our profit targets will be 1.6459 and 1.6439
Resistance: 1.6520 / 1.6570 / 1.6600
Support: 1.6470 / 1.6430 / 1.6400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
EURNZD - Selling into ralliesEURNZD - Intraday - We look to Sell at 1.6569 (stop at 1.6609)
Trend line resistance is located at 1.6570. Bespoke resistance is located at 1.6570. Our short term bias remains negative. Preferred trade is to sell into rallies.
Our profit targets will be 1.6469 and 1.6449
Resistance: 1.6470 / 1.6520 / 1.6570
Support: 1.6430 / 1.6400 / 1.6370
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
$NZD - Trade idea!$NZD - Trade idea!
Another day, another great opportunity for us traders to take advantage of. Don't forget to have patience...
What a clean set up! Clear levels in a break to either direction - add alerts in, add orders in - whatever suits your own trade plan!
Enjoy,
Trade Journal
$NZD - Where to next?$NZD - Where to next?
Here is the great element of trading us traders can take advantage of even we are within ranges - there are still opportunities. Here's a clear view of the levels it can go towards.
Today we have PPI which will move the markets and next week we have FOMC - Take advantage of the moves and data that's coming through whilst sticking to your OWN trade plan.
Best,
Trade Journal
EURNZD - Intraday rallies continue to attract sellers EURNZD - Intraday - We look to Sell at 1.6649 (stop at 1.6689)
Trend line resistance is located at 1.6660. Prices expected to stall near trend line resistance. We look for a temporary move higher. Preferred trade is to sell into rallies. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our short term bias remains negative.
Our profit targets will be 1.6549 and 1.6539
Resistance: 1.6570 / 1.6600 / 1.6640
Support: 1.6530 / 1.6480 / 1.6420
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NZDUSD - Bullish ChannelNZDUSD - Intraday - We look to Buy at 0.6300 (stop at 0.6225)
Previous support located at 0.6300. Previous resistance located at 0.6400. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 0.6350 will confirm the bullish momentum.
Our profit targets will be 0.6450 and 0.6500
Resistance: 0.6400 / 0.6450 / 0.6500
Support: 0.6300 / 0.6250 / 0.6225
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NZDJPY - Buying dipsNZDJPY - Intraday - We look to Buy at 85.75 (stop at 85.10)
Previous support located at 86.00. Previous resistance located at 86.80. Indecisive price action has resulted in sideways congestion on the intraday chart. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 87.25 and 87.50
Resistance: 86.80 / 87.00 / 87.50
Support: 86.00 / 85.75 / 85.25
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Joe Gun2Head Trade - Range play on GBPNZDTrade Idea: Buying GBPNZD
Reasoning: Trading in a range on the 60min chart
Entry Level: 1.9226
Take Profit Level: 1.9452
Stop Loss: 1.9180
Risk/Reward: 4.95:1
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.
EURNZD - Our short term bias remains negative. EURNZD - Intraday - We look to Sell at 1.6827 (stop at 1.6867)
Our short term bias remains negative. Preferred trade is to sell into rallies. 20 1day EMA is at 1.6827.
Our profit targets will be 1.6727 and 1.6707
Resistance: 1.6740 / 1.6800 / 1.6830
Support: 1.6700 / 1.6670 / 1.6640
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NZDUSD short ideaAs you can see from this markup we have locked into nearly all areas from our push down.... meaning the only areas are the liquidity above and below our highest zone!
so following what we know of interlocking structures the lower move would be next... taking us out of our retrace move and back into our trending structure move....
Reaching lower would give us 3 targets including the swing low after the first areas had been met!
If you like this idea let us down below with a like & share!