@nzdchf bears?after such impulse i believe that we can go lower; at least to the level marked on the chart
Kiwi
NZD/USD Signal - NZD NZ Business PMI - 17 Sep 2021NZDUSD is trending to the downside currently, having broken below the key support zone following disappointing NZD Business PMI data, which presents business conditions in New Zealand. The Business PMI is an important indicator of the overall economic condition. A result that values above 50 signals appreciates (or is bullish) for the NZD, whereas a result that values below 50 is seen as negative (or bearish). Technically the pair has broken key support, and we also anticipate USD strength to drive the exchange rate lower.
The Kiwi Setup 1 - Can it do a Wave 5 up?This might look like a simple pullback on the D1 chart
on the H4 chart, if you follow my method, then it is a setup 1. Possibly going into a Wave 5 up.
The negative is that it might be the start of an ABC pullback and I might get B trapped.
But I will take this regardless and keep that in mind.
Stop Loss below the Daily Small doji
@gbpnzd interesting price action-with such bearish price action I won't be surprised if we hit the 1.9 level
-one barrier can stop us from going to that price is the 1.92 level
NZD/USD Signal - RBNZ Rate Decision - 18 Aug 2021NZDUSD is trading to the downside today as the RBNZ were expected to raise interest rates but held them instead. Technically the pair has created a large wick shadow to the downside and we anticipate the pair to continue to the downside and fill this wick.
RBNZ rate decision setup for NZDUSDNext week marks a rate decision event for RBNZ. Currently at 0.25%, there is news in the air for an increase in the rate by 25bp, and possibly another hike before the end of this year.
Currently NZDUSD has been flowing more or less in the indicated upward channel. It has fallen due to a strong USD this week and a reversal is in the making.
Two highlight points on the chart indicate 1. a slight drop in US retail sales and 2. the RBNZ rate announcement.
Provided these events fall in support of the Kiwi, it is expected to bounce up and test the 0.7100 range and possibly further.
Point to note: currently the 4h signal shows the reverse from this week's downtrend has already started - however its a Friday!!! I feel like jumping on to the long already but may be worth waiting till NY open or London close to understand the levels better. There's a chance we lose pips on the entry but its a safer play. A well-placed stop may benefit the early birds.
See ref. think.ing.com.
AUD/NZD Signal - AUD Westpac Consumer Confidence - 10 Aug 2021AUDNZD is trending to the downside prior to the AUD Westpac Consumer Confidence data, which shows Wesptac's analysis of the consumer market. Technically the pair is trending to the downside and has pulled back into resistance at the trendline, the 200 moving average, and the structure zone. We anticipate continued downside.
NZDCAD Bull Flag.NZDCAD, has formed a bullish flag, which could lead to continuation and the chance for us to ride a wave up if we get a nice breakout, who else is enjoying being back at work? Love this game, good luck guys, lets go champ.
GBP/NZD_1H_ShortShort position taken – 1H - Although in bigger timeframes the trend was bullish but it showed weakness and cannot pass the last week high and reverse from it. In 1H timeframe, it broke the last low (1.96205) which created last high and also it passed the ascending komu. I entered the short position and the TP is last week low.
R/R = 1:2.07
GBP_NZD_4H_LongThe long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High.
R/R = 1:1.1
NZD/CAD_4H_ShortA short position is taken. In the 4H time frame, the price keep building LH and also it was below descending komu. Also, it hit the weekly resistance, so I took a short position and put the TP on yesterday low.
R/R = 1:2.06
GBP/NZD_4H_LongThe long position has been taken, in the daily trend was bullish, in the 4H price broke a supply level and it was pulling back. As a result, I take a long and the TP was the last HH.
R/R = 1:1.48
AUDNZDGreat risk reward set up in AUDNZD, Ratios are in line and we can look for AUDNZD to make a big move up, this is not going to be done in a week however, this is a swing style of trade and patience is key to hit your targets.
EURNZD HARMONICSEURNZD, Looks ready to make a strong move up according to the pinbar and harmonic formation, potentially 200 pips up for grabs if this is correct.
LONG NZDUSDNice retouch after breaking wedge and seems Kiwi want to gain more than 100 pips against Dollar.
So, long Kiwi with logical stop loss and wait for tomorrow Kiwi data.
NZD/USD Signal - USD Interest Rate Decision - 28 Jul 2021NZDUSD has broken below support prior to the USD Interest rate decision. Technically the pair is in a downtrend, and the structure has been correcting for the previous 2 days, prior to this support break. We anticipate downside into the 0.6896 level.
#NZD weakness against the US. DollarHello Traders!
Risk off mood advanced as china enters into lockdowns and has its financial markets drop by 4%.
Enter on the trend line break.
Take Profit levels labelled.
Have a great day!
Vitez
Upward Trend Channel in NZDCAD, Targeting 0.895 Upper BoundTrend Analysis
The main view of this trade idea is on the 2-Hour chart. The Forex Cross NZDCAD is in an upward trend channel, and is forming a higher low around the 0.875 price level. Expectations are for a continuation of this trend channel in the medium term, with a higher high being made around the 0.895 price level, 1.81% away from current levels.
Technical Indicators
The technical indicators being used need to confirm the expected positive price movement in NZDCAD. At the time of publishing, NZDCAD is approaching a positive crossover on its short (25-SMA), medium (75-SMA) and fractal moving averages. Also, secondary positive confirmations in KST and RSI is being monitored, that is, a positive crossover in KST as well as the RSI crossing above 50. The occurrence of these positive crossovers will aid in the bullish thesis of NZDCAD.
Recommendation
The recommendation will be to go long at market. At the time of publishing NZDCAD is trading around 0.879. The medium-term target price is observed around the 0.895 price level, the top of the upward trend channel. A stop loss is set at 0.874. This produces a risk reward ratio of 2.31.
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. At the time publishing, I have a position in NZDCAD.
EUR/NZD Signal - NZD Credit Card Spending - 21 Jul 2021EURNZD is trending to the upside prior to the NZD Credit Card Spending data, which reveals the spending on credit cards domestically, giving insight into the personal debt markets. Technically the pair has bounced from the 71% fibo level, the 200 15m moving average and the trendline, and we anticipate upside into the 127% fibonacci extension.
STOP STOP HUNTING!!!THIS IS THE DEFINITION OF A STOP HUNT!
we've all seen how the dollar has exploded over the past couple of days but NZD is not giving up without a fight you can see that every time the kiwi goes below .695 on the weekly candle it rushes back up before the week is over.
now fundamentally speaking, WE KNOW the RBNZ (New Zealand Central Bank) will be raising rates next month from the current .25%. & WE KNOW THE SMART THING TO DO IS TO PUT OUR MONEY INA STRONG CURRENCY WITH HIGH INTEREST RATES, ESPECIALLY AGAINST LOW ONES JPY( -.10%) CHF(-.75%), & USD (.25),which happens to be all the "SAFE HAVEN" currencies
i cannot be the only one looking ahead and seeing the true potential of the KIWI.
nzdusd must go to .7315 (400+ PIPS)
nzdchf must go to .662 (250+ PIPS)
nzdjpy MUST GO TO 83.9 (800+ PIPS)
