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.
Kiwi
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
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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!
Joe Gun2Head Trade - Selling NZDCHF into major resistanceTrade Idea: Selling NZDCHF
Reasoning: Selling NZDCHF into major resistance
Entry Level: 0.5895
Take Profit Level: 0.5802
Stop Loss: 0.5930
Risk/Reward: 2.67:1
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 belatedly breaks up after hawkish RBNZ, broad USD selloffNZDUSD looks to have taken out resistance capped just below 0.6230, which may set the stage for upward extension toward resistance in the 0.6352-0.6469 zone. Reclaiming a foothold below 0.6150 now seems necessary to neutralize near-term upward pressure.
Prices were relatively staid after November's RBNZ announcement registered on the hawkish end of expectations - seeing some gains at first but struggling to find momentum - but overall USD weakness offered fuel thereafter (with November FOMC meeting minutes at least somewhat helpful in pushing the Greenback lower, though its slide began before the news hit the wires).
NZDUSD Targeting A Test of 0.6300Technical & Trade View
NZDUSD
Trade View
Bias: Bullish Above Bearish below .6050
Technicals
Primary support is .6050
Primary upside objective .6300
Next pattern confirmation, acceptance above .6210
Failure below .6030 opens a test of .5950
20 Day VWAP bullish, 5 Day VWAP bullish
Institutional Insights
Analysts at Credit Agricole note ‘The RBNZ’s aggressive tightening cycle will see NZ lead the rest of the G10 into an economic slowdown, and falling dairy prices on the back of a weak China economy are seeing the NZD underperform. The re-opening of the international border will be a positive for the coming 3M. Soft economic landings locally and internationally will improve the NZD’s prospects over the coming 6-12M’
NZDUSD .6164 Target Achieved, New Pattern EmergingTechnical & Trade View
NZDUSD
Bias: Bullish Above Bearish below .6000
.6164 Target Achieved, New Pattern Emerging
Technicals
Primary support is at .6000
Primary pattern objective is .6240 Daily HVN
Acceptance above .6165 next pattern confirmation
Failure below .6000 opens a test of .5900
20 Day VWAP bullish , 5 Day VWAP bullish
Notes
While the RBNZ led most other DM central banks in starting the cycle, JPMorgan economists expect the Bank to accelerate its hiking pace again to 75bp at the coming meeting after NZ CPI surprised significantly to the upside in 3Q22
Analysts at Credit Agricole believe the RBNZ’s aggressive tightening cycle will see NZ lead the rest of the G10 into an economic slowdown, and falling dairy prices on the back of a weak China economy are seeing the NZD underperform. The re-opening of the international border will be a positive for the coming 3M. Soft economic landings locally and internationally will improve the NZD’s prospects over the coming 6-12M.
AUThis was my analysis and resulting forecast a while back, and I appreciate that because I do not know this pair (Studied It). It has showed me that in order to understand it I cannot come with the same mentality as where my pairs I focus on everyday. So I take the lesson and add to my book of learning and sharpening
Consider .5963 Target Achieved, New Pattern EmergingTechnical & Trade View
NZDUSD
Bias: Bullish Above Bearish below .5738
Consider .5963 Target Achieved, New Pattern Emerging
Technicals
Primary support is at .5850
Primary pattern objective is .6164
Acceptance above .5965 next pattern confirmation
Failure below .58540 opens a test of .5738
20 Day VWAP bullish , 5 Day VWAP bullish
GBPNZD H&SI don't trade the Head and Shoulders patterns, but I have thrown one up there as it highlights the areas where other retail traders may be waiting for a signal. Obvious one would be the neck line break. I'd want to be short before price got there and then be looking to get out as the momentum sucked in more traders.
The other place to look would be above the right shoulder and head, and wait for price to go back up there and sweep some retail stops.
NZDUSD Targeting A Test of .5963Technical & Trade View
NZDUSD
Bias: Bullish Above Bearish below .5800
Option Expiry:
Technicals
Primary support is at .5825
Primary pattern objective is .5963
Acceptance above .5875 next pattern confirmation
Failure below .5790 opens a test of .5710
20 Day VWAP bullish, 5 Day VWAP bullish
Joe Gun2Head Trade - Higher prices on NZDUSD?Trade Idea: Buying NZDUSD
Reasoning: Looking for higher prices in the short term.
Entry Level: 0.5682
Take Profit Level: 0.5805
Stop Loss: 0.5644
Risk/Reward: 3.24:1
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 - Buying a pullback on GBPNZDTrade Idea: Buying GBPNZD
Reasoning: Intraday pullback to support
Entry Level: 1.9936
Take Profit Level: 2.0266
Stop Loss: 1.9849
Risk/Reward: 4.26:1
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 - Fading NZDCADTrade Idea: Selling NZDCAD
Reasoning: Fading NZDCAD
Entry Level: 0.7747
Take Profit Level: 0.7625
Stop Loss: 0.7767
Risk/Reward: 5.82:1
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.
The Kiwi Is Finishing Five-Wave CycleHello traders, today we will talk about the Kiwi (NZDUSD) in which we see nice and clean Elliott wave development.
The Kiwi is trading bearish already for a while and looks like there's room for more weakness, at least for a short period of time. From Elliott wave perspective we can see it finishing a five-wave cycle within a potential wave C of Y, but as you can see subwave (5) is still missing and it can send the price even down to 0.55 - 0. 54 area before it finds the strong support.
So, while it's trading in the EW channel, be aware of more downside pressure this week, just keep in mind that it can be final leg down before we will see a recovery.
Bull/Bear level remains at wave (1) swing low, so bulls can be considered only when/if the price jumps back above 0.60 region.
Trade well!
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