AUDNZD Intraweek Technical AnalysisThe aussie has completed its downward correction against the kiwi , My idea for next week is to take long positions at 1.10528 ans 1.10664 with target of resistance of 1.110.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
Kiwidollar
NZDUSD moving higher as US Dollar correctsNZDUSD - Intraday - We look to Buy at 0.6275 (stop at 0.6215)
Previous support located at 0.6300. Previous resistance located at 0.6350. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6275, resulting in improved risk/reward. A move through 0.6350 will confirm the bullish momentum.
Our profit targets will be 0.6400 and 0.6425
Resistance: 0.6350 / 0.6400 / 0.6425
Support: 0.6300 / 0.6275 / 0.6250
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
$NZD KIWI - Where to next?$NZD KIWI - Where to next?
We had the FOMC, wasn't as hawkish we are at neutral rates, we had a horrible GDP and now we are in data dependent of course, is recession priced in already? Well, time will tell but regarding NZD:
Technical terms: In pennant/Bull flag a break to either direction. A break above 50 EMA - TL down we onto the bulls further in control next area of interest 1.618 areas which is a key resistance zone.
I bullish FX commodity pairs and precious metals, even a crypto! (Not Investment Advice)
TJ
Joe Gun2Head Trade - Possible short term top on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Possible Head and Shoulders forming on NZDUSD. A break lower would also see the short term channel invalidate.
Entry Level: 0.6610
Take Profit Level: 0.6121
Stop Loss: 0.6242
Risk/Reward: 3.18:1
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 to continue move higher on dollar weakness?NZDUSD - Intraday - We look to Buy at 0.6180 (stop at 0.6120)
Previous support located at 0.6200. Previous resistance located at 0.6250. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6180, resulting in improved risk/reward. A move through 0.6250 will confirm the bullish momentum.
Our profit targets will be 0.6305 and 0.6325
Resistance: 0.6250 / 0.6300 / 0.6325
Support: 0.6200 / 0.6180 / 0.6150
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
NZDUSD breaks down, looking to sell rallies.NZDUSD - Intraday - We look to Sell at 0.6150 (stop at 0.6200)
Previous support located at 0.6100. Previous resistance located at 0.6150. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6150, resulting in improved risk/reward. A move through 0.6075 will confirm the bearish momentum.
Our profit targets will be 0.6010 and 0.6000
Resistance: 0.6150 / 0.6200 / 0.6225
Support: 0.6100 / 0.6075 / 0.6000
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
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.
NZD/USD: KIWI the bird OR KIWI the fruit falling off the tree?hello, hi fellow traders,
simple chart only with horizontal support levels, but all represent important levels that provided high volumes of trading during the past times.
my bias: the nearing deep to act as safe buy/long with target by the end of Q1/2023 above 2021 highs. as I expect the central banks interest rates "drama" to get finished by then and the world's economies will get much more stable and forecasting demand for commodities will get clear and New Zealand will have much higher demand for their exports (positive for KIWI == the bird scenario).
meanwhile, in the short term, say the rest of H1/2022 we are about to experience volatile price action. the mix of unclear interest rates policies, geo-political tensions, frequently changing GDP growth forecasts, all these make the "fear" in the market to have the upper hand. promising a deep in the time horizon mentioned. now, how low the exchange rate of NZD/USD will go during that process? (== "guessing" time)
actual investment strategy: accumulating around current 2022 lows and within the 0.60-0.65 cluster seems optimal
what if it goes under 0.60? (== KIWI the fruit falling off the tree scenario) -- first, this is highly unlikely in my core view. second, the financial trading business offers very good instruments to collect premiums when the market goes for awhile beyond ranges. the best strategy in such case would be to SELL/WRITE CALL options 1-3 months further 3%-5% above the cost of the position (== selling covered call - you cannot lose more but only to make less in case the market expires in the money). optimal case here, the premiums collected expire out the money and the position in the money, while the next leg UP will start just after the expiry out the money. but, do not get too busy with that, you always can open new longs not being part of the running longs that are involved with the options strategy. this is MONEY/POSITION/TRADE/RISK management of bit higher grade. not really a thing for day traders or near future swing traders. this is management of an investment.
further, how lower this pair will go during the weeks before turning higher the coming months? == risk management
patience and well established plan will do a good work for you. I have no clue if this one will turn into great money making investment, I know that the worst case scenario is not a pain making loss and failure in this pair means that there is another great making making investment running in parallel as soon and IF that 0.6000 barrier falls on quarterly close basis.
summary: buy the deeps carefully, be patient until 2021 highs will get taken. investment it is, not a trade!
just my analysis/opinion, nothing more than that, nothing less than that. can be dead wrong or lucky "fluky" right
good luck
NZDUSD Buy OpportunityA fakeout just below the 0.67296 daily horizontal support level has presented a long trading opportunity on the NZDUSD chart.
Depending on how soon you enter the trade, you could be looking at a reward-to-risk ratio of 3.57 if you set your stop at 0.66995 and your target at 0.68630.
Endeavour to check with your own analysis before making any trading decision.
I'm rooting for you!
Your FX Plug.
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.
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.
Take Profit: 0.70806 (NZDUSD)Wait for a pull back to the EMA 10, EMA 20, Trend Line, and Horizontal Support Level for a long entry.
Potential short opportunity on NZDUSD for next weekLooking through to next week, if price pushes up to the 6850 area ill be looking to short the market
I have shown 3 potential targets based on your risk appetite
Option 2 & 3 would be dynamic targets where as option 1 is a static target and a re-test of the lows
GOOD LUCK TRADERS
NZDUSD Take Profit 0.66319Price closed above 0.65958 and exposed resistance price level 0.66319 as a target for take profit.
MZDUSD _-LONG SETUUUUUUUUUUUUUUPbest RR is there
best zone
already broken downtrend line. just make a trade with SL which is less than 6 pips. greak risk will be taken
$NZDUSD: Good RR setup...The Kiwi dollar presents us with a high reward to risk long setup here. Set stops below 0.68 to be safe and let it ride until it hits 0.6974 for a 50% take profit, and exit the rest of the position by the close of Jan 27th, or if price hits 0.71295 before that date. Risk 0.25% minimum, and up to 1-2% of the account in this trade, you can calculate sizing based on the distance from entry to the stop loss area of your choosing (below 0.68 to be safe), a reward to risk over 1.5-2:1 would be good. Leaving 0.5-1 ATR of buffer below support is often a good idea, so something below 0.68 fits the bill considering the daily ATR.
$AUDUSD has a setup here as well, and the weekly $DXY chart looks like we can get a move by next week, in that timeframe, together with strength in precious metals and copper gives me a good feeling regarding selling dollar weakness against commodity producing countries' currencies.
Best of luck,
Ivan Labrie.
NZDUSD - PREPARING FOR LONG
As per Real Technical view, we may expect clear breakout here to take long position.
