KIWI - Where to next?Incredible week it has been and there are so many opportunities out there for you all to take advantage of!
KIWI - Pattern in play = Break to either direction!
Reminder: NFP Today!
Have a great weekend :)
Kiwi
Rallies continue to attract sellers in NZDJPYNZDJPY - Intraday - We look to Sell at 84.16 (stop at 84.69)
Our outlook is bearish. Rallies continue to attract sellers. Trend line resistance is located at 84.20. Further downside is expected.
Our profit targets will be 82.80 and 82.50
Resistance: 84.20 / 86.60 / 92.00
Support: 82.80 / 80.00 / 76.00
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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KIWI - More downside?KIWI - Inverse C&H - Looks promising could even be bearish flag as well. Looks like more downside
NZDJPY Setting up for a longHi Traders,
NZD/JPY Could provide us with a Beautiful trade, As per my signature setups, I always try finding trades with a clean range to the left which gives the trade a high probability of playing out.
We are looking at the 4-hour timeframe where price is currently trading at 85.500, I am now just waiting for price to break out of the current resistance of 85.685 where I will then be interested in finding a long position to fill 86.55.
If price fails to break and close above I will not be interested in the move anymore.
Renaldo Philander
Joe Gun2Head Trade - Selling GBPNZDTrade Idea: Selling GBPNZD
Reasoning: Large engulfing candle on the 60min
Entry Level: 1.9452
Take Profit Level: 1.9257
Stop Loss: 1.9550
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.
New Zealand Dollar vs US Dollar - Short Term Swing - 16 June 22'FX:NZDUSD in the past week capitulate, but strong price action appears. FED decision is already taking a place on markets and in the next couple of days, we will see a lot of volatility. Over June futures contracts this week there is no way volatility to be low. Trade with confidence, but always be cautious.
What is the supported thesis technically for the expected scenario on NZUSD?
- Price-action will form a channel in the next 2-3 days
- By Elliot waves probably start the A-B-C correction phase
- The RSI indicator is really high and soon will start correcting
If you have any questions related to this trading idea I will be happy to provide you with answers.
Short Kiwi NZDUSDDouble Top on 4 Hr chart , also rejection from testing Day Chart Swing High (last Lower High)
SL - 20pip above the Swing High
PT - 2x of your SL
AUDNZD 26th MAY 2022RBNZ (Reserve Bank of New Zealand) gave the results of its monetary policy meeting, by raising its interest rate by 0.5% to 2%. With this hawkish policy, the RBNZ became one of the banks that was very aggressive in raising interest rates, leaving other central banks such as The FED and the RBA. Going forward, the RBNZ divulges its plans that larger and earlier rate hikes will reduce high inflation rates.
NZDCHF 24th MAY 2022The New Zealand dollar's performance in response to this week's policy meeting will likely depend on whether the RBNZ signals that a bigger 50bp hike is more likely at its upcoming policy meeting. The underlying case for further policy tightening in New Zealand remains compelling. The latest CPI and labor market reports both continue to reveal building inflationary pressures.The New Zealand dollar's performance in response to this week's policy meeting will likely depend on whether the RBNZ signals that a bigger 50bp hike is more likely at its upcoming policy meeting. Without such hawkish policy signals, the kiwi risks disappointment.
Week Ahead - NZDUSD May 22nd, 2022Events:
US - FOMC Minute
US - core PCE Inflation
US - FED Speakers
FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish.
_________________
NZD - RBNZ rates decision
Close to a 50bp hike is priced in. Expect a move in NZD if they only raise by 25bp.
NZDUSD 18th MAY 2022This is a bearish continuation pattern from the previous NZDUSD analysis. whether the price will retest or the price will fall deeper, let's wait and see.
NZDUSD 30th APRIL 2022
NZDUSD 7th APRIL 2022
AUDNZD: A Buy Setup Targeting the Previous HighLast week, AUDNZD has reached a new high at the 1.1100 level. The trend of AUDNZD is persistent; when the price has reached a new high, that means the trend will not easily reverse for a period of time. Therefore, we are looking for buy entries to capture any retracement from the previous high.
The price has retraced to 1.0980 level,which is the previous resistance level from where the price broke up. From the 1.0980 level, we can see that the price has formed a double bottom pattern, followed by the price breaking the neckline area. Then, we can see that the price further broke the descending trend line. Therefore, a strong bullish momentum has taken place at this level. We are waiting for the price to retrace to the neckline area. From there, we will enter buy positions and target the recent high of 1.1100 level
Joe Gun2Head Trade - NZDUSD Lower prices expectedTrade Idea: NZDUSD Lower prices expected
Reasoning: Downtrend picking up momentum.
Entry Level: 0.6321
Take Profit Level: 0.6237
Stop Loss: 0.6349
Risk/Reward: 2.97:1
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.
GBPNZD Trade IdeaA short trade opportunity has just presented itself on the GBPNZD trading chart!
This is evident from the bearish inverted pin bar candlestick which closes just below the 1.94773 daily horizontal resistance level and signals a rejection of the price level.
A stop at 1.95186 (about 45.1 pips) and a target at 1.92400 (about 233.5 pips) could see you in the region of a 5.18 reward-to-risk ratio.
As always, "Look first, then leap."
Happy trading!
Your FX Plug
NZDUSD 30th APRIL 2022Reserve Bank of New Zealand (RBNZ) is trying to cope with rising inflation and the housing market.
The Central Bank also said it would initiate a gradual reduction in bond holdings under its Large-Scale Asset Purchase (LSAP) program through both bond maturity and managed sales.
NZDUSD 7th APRIL 2022
AUDNZD: A Sharp Price Rejection from the Key Resistance LevelAUDNZD has reached a key resistance level of 1.1000, followed by an immediate sharp price rejection (a doji star plus a large bearish engulfing candle). Since 2020, all two long-term bearish reversals have occurred from this level. However, we know that the trend of AUDNZD is persistent. Therefore, we want to make sure that a reversal has actually occured before throwing in sell positions. It is good to enter the market late but right rather than early but wrong.
Entry Criteria:
After a rejection from the 1.1000 level, the price has reached a support level of 1.8000-1.8200. From here, we expect the price to bounce up again to retest the high, or if not, the 1.0900 level. If a reversal has really taken a place, then the price should break the support area of 1.0800, plus a daily candle closing below that support level. Only then, we can prepare our sell entries at the neckline area to capture the retest and ride the wave down to the first target of 1.0600 level.
NZD/USD possible 1:1 short positionAccording to weekly & daily analysis, there's high potential for this move.
*** Always remember to manage your risk ***
Short NZDUSDJust an idea and trade at your own risk.
NZDUSD retested the broken white line ( double top neckline ) before downtrend continuation in its red lines downtrend.
NZDUSD 7th APRIL 2022Do you believe in strong dollars? Fundamentally, the USD is under inflationary pressure, especially in America. Biden continues to urge the Fed to immediately fight inflation. Jerome Powell has taken step by step since the end of 2021, the fed is considering QE then tapering it from 15M to double it 3 times, then in early 2022 the fed also raises the interest rate by 25bps. What is the impact? of course the USD will strengthen against other currencies. However, this has little impact on commodities-USD. Therefore, we can look for opportunities from the pair against the USD which have a chance to be corrected. Here I found an opportunity for NZDUSD. Technically, there is a Daily resistance area that cannot be breakout. The bearish trend will be perfectly seen if there is a release of good economic data for America.
This is my OANDA:NZDUSD trading plan, how about you?
NZD/USD possible short position (Two Scenarios)If the first short position had failed, then I'll go on the second one to cover 1% loss and earn something.
Always remember to manage your risk.
NZDUSD: A Slight Retrace In Price Before Heading to 70 Cents ?NZDUSD is still on course to likely hit 70 cents! With both NZD and USD weakening so far this week, this pair has been falling suggesting that the NZD is on heavy sell. However this represents a chance to go LONG on this pair since the criteria has already been fulfilled (Observe main chart for all details).
Therefore it is suggested to await for the price to retrace and hit the ideal entry point before taking this trade LONG. However shall the 70 cents target be hit first then the trade becomes invalidated
Have a read at the above link for the complete analysis behind this setup. The current insight is for the traders that have not been able to get into this trade earlier. Now the chance might likely represent to take this trade long.
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights on Major & Minor currency pairs.
NZDUSD | Live position reviewThe identification of a reversal pattern around 0.695 area is a signal that there is a risk of a further decline in the price of the Kiwi. Find in the video how I intend to take advantage of the potential downtrend. I thought I publicly shared a publication on my bearish bias but unfortunately, I do not have it anymore, please bear with me.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
usdcad canadian dollar start of the big bull phase possible The Canadian dollar is in the consolidation phase its very possible point of reversal as this zone is already be tested and respected many times. I am expecting the start of a new big side trend as you see divergence on the MACD indicator as well its sign of losing strength.
