NZD/JPY UpsideIn addittion to our previous post of the ABCDE wedge pattern on the 1h chart, price is holding the 38.2% fibonacci support level / previous structure as support.
Kiwi
NZDUSD - reversal to upside imminent. The most bullish USD pairSuccessful retest of daily order block - likely reversal to UPSIDE.
According to the latest CFTC COT data hedge funds are the most bullish on NZD (even more so than the AUD) - hedge funds have greatly increased long exposure to NZD.
NZDUSD - Live weekly Elliott plotsAs per plotting of the Weekly in Advanced Get - we will update these ideas with daily plots.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
SELL LIMIT ORDER FOR NZDUSD: 4H SWING TRADETRADE TYPE: SELL LIMIT ORDER
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 0.70650
STOP LOSS: 0.71250
TAKE PROFIT: 0.70050
RISK TO REWARD: 1:1
Follow this thread for any future updates regarding this specific trade
NZD/JPY 38.2% Fibo Support! + Bullish SeasonalityNZD/JPY has traded into the 38.2% fibo retracement level as support, which is also the previous structure resistance .
NZD/JPY has a bullish seasonal tendency from September through to the end of the year and we anticipate this seasonal trend to play out.
Looking for upside into the 27% fibonacci extension level.
NZDUSD Horizontal Resistance Level at 0.73146NZDUSD. Wait for a close above 0.73146 for a long opportunity.
EUR/NZD Signal - EUR Consumer Price Index - 29 Oct 2021EURNZD is selling now prior to the EUR Consumer Price Index data, which measures the change in a representative basket of goods and services, and is used to measure inflation. Technically the pair is ranging after a bearish leg, and we are selling range resistance.
NZD/USD Signal - NZD ANZ Business Confidence - 27 Oct 2021NZDUSD has broken the bull flag to the upside and performed a retest prior to the NZD ANZ Business Confidence data, which is released by the ANZ and shows the business outlook in New Zealand. Technically the pair has broken the bull flag to the upside and performed a break and retest pattern. We are looking for a push into the 0.7260 level.
NZDJPY breaks up from corrective pattern!NZDJPY has broken the corrective flag pattern to the upside, having found support around the 21.4% fibo level. We anticipate continued upside to the 21.4% extension fibo.
NZD/USD Signal - USD Mortgage Applications - 20 Oct 2021NZDUSD has bounced from resistance prior to the USD Mortgage Applications data, which reveals the number of mortgage applications in the US. Technically the pair has bounced from the resistance, and the RSI has generated a sell signal. We anticipate a small correction in this trend.
We will be covering this position quickly.
NZD/JPY Signal - Seasonal Data - 19 Oct 2021NZDJPY is trending to the upside today, and there is a strong bullish seasonal tendency in play at the moment. Technically the pair is holding well above the support trendline and price has bounced from the 80.70 support. We anticipate this move to continue into the 82.40 resistance.
NZDUSD ShortHey Traders, in the coming week we will be monitoring NZDUSD for a selling opportunity around 0.7085 area respecting the strong down trend on Daily frame ( Trend is your friend) in combination with the resistance zone, once i will notice any bearish confirmation the trade will be executed.
Remember to use proper risk management and don't risk more than 1% of your account.
never trade against the trend.
Trade Safe, Joe.
NZDCAD longCurrently the price is sitting on the strong support level, I think the price most likely retrace to a strong trend line around 0.893 if the price is still in downtrend direction, if not then it can break the trendline and go through the resistance of 0.900.
Good luck
GBP/NZD_4H_LongLong position taken because the price started a bullish trend from a daily demand zone and also it broke last week high and a 4H supply zone, so I took a long position.
R/R = 1:1.86
Symmetrical Triangle with Breakout in NZDJPY Towards 78.50Trend Analysis
The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup will be observed if NZDJPY were to decline to 76.855.
Technical Indicators
NZDJPY has positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. The RSI is greater than 50 and there has been a positive crossover on the KST.
Recommendation
The recommendation will be to go long at market, with a stop loss at 76.855 and a target of 78.50. This produces a risk/reward ratio of 1.48.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in NZDJPY.
AUD/NZD Signal - NZD RBNZ Rate Decision - 6 Oct 2021AUDNZD is trending to the upside currently after RBNZ's rate decision to hold rates. Technically the pair has broken the bull flag to the upside and the RSI is bullish. We anticipate continued upside to 1.0530.
LONG NZDUSDLong Kiwi for 300 pips.
Buying this pair is easy money.
Risk- reward is so logical.
So, long this and no panic.
NZDUSD - SHORT POSITION (Dail)CONFLUENCES:
- Downward trend
- rejection from fib level
- breakout from minor support
- currently running on Break Even
NZD/USD Signal - USD 3 Month Bill Auction - 13 Sep 2021NZDUSD has bounced from trendline support prior to the USD 3 Month Bill Auction, which reveals the yields on the US Government backed security. Technically the pair has bounced from the trendline and the RSI has turned positive, and we are seeing USD weakness so far this week.
NZD/USD Signal - USD Initial Jobless Claims - 9 Sep 2021NZDUSD is trending to the downside today prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair has broken to the downside of the support trendline, and has bow formed a resistance trendline.
EUR/NZD Signal - NZD Westpac Consumer Survey - 20 Sep 2021EURNZD is trending to the upside prior to the NZD Westpac Consumer Survey data, which usually is based on a survey during which respondents rate their opinion on different issues concerning current and future economic conditions. Technically the pair is grinding to the upside, but is lagging behind gains made on EURAUD. We anticipate the pair to make gains and catch up to the highly correlated counterpart.
