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NZDUSD Potential for Bullish Continuation| 30th November 2022Looking at the H4 chart, my overall bias for NZDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 0.62092, where the previous swing high was. Stop loss will be set at 0.60872, where the previous swing low and 23.6% Fibonacci line is is. Take profit will be at 0.63525, where the 88% Fibonacci line is located. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
2
NQ - 15 Minute - RTs - FridayLarge Range within a Friday where a Fill higher should not be discounted. 3 Drives to the Lows and a Hold makes NQ the Standout while ES YM RTY have given up the ghost. Unfortunately - it's Friday. Sellers remain Sellers at the lows. There are large Gaps everywhere in all Complexes. Chasing here is a very bad idea until NYSE to 10 AM EST Open. EU Session compounded the Selling. There are NO Coupon Purchases today, no need as the Bond Flight remains in Trade. ________________________________________________________________________ Meme Stocks and Bitcoin are struggling, the DX has the potential to Blow off to 97.60. Dangerous Mistakes will abound today, they always show up at the end of the Week. _________________________________________________________________________ High Dramas and more certainly to arrive. 200 SMAs have been tested 86 of the last 100 years. Were this to occur and we continue to favor this into Year-End, it will be decidedly quick. _________________________________________________________________________ Whipsaws might be over, we won't know until the Open. NQ is the Laggard to the Downside as the Big 7 remain supported... The BIG 7 need to break and break very hard.
CME_MINI:NQ1!
by HK_L61
1
Bearish Targets ... Even Deeper Downside? | $NZD $CAD #RBNZ #BOCFriends, On a pure fundamental basis, a rate-based directional bias should favor a decline in the NZDCAD pair. First, $NZD was recently affected by a decline in its dairy futures pricing, bringing the currency to a double-top formation near the 0.87525 level, and capping any new advance on the back on these futures price concerns. Also, RBNZ stated: "We saw nothing today to change our view that this tightening cycle has a long way to run before it’s all over and done", suggesting a low-likelihood of any added hike in its rate, especially following its 25% cash rate hike on June 11, 2014. On the Loonie side, #BOC remains in a wait-and-see stance. Its initial consideration was to favor a decline in its rate. However, it also expressed concerns about any rate hike based on its export impact. In fact, consensus so far sees a "positive manufacturing trends and an improving U.S. economy" as a basis for an ulterior rate hike, but none have expressed a likelihood for this rate hike to occur in July 2014 - Rather, an increasing number of economist are suggesting that November would represent the earliest such hike, if at all. PATTERN ANALYSIS: On a pure pattern play, this category of trader might perceive the morphing of either Bullish Bat, whose Point-D would complete the pattern at 0.92020, although a more bearishly expectant trader might see a crab completing at a lower 0.89802 level. PREDICTIVE/FORECASTING MODEL: The model has produced a bearish market reversal confirmation signal, setting two bearish targets as follows: 1 - TG-1 = 0.92446 - 07 JUL 2014 and 2 - TG-2 = 0.91884 - 07 JUL 2014 These targets are colored to suggest that TG-1 (yellow) represents a moderate-probability target, whereas TG-2 (red) represents a lower-probability target. However, further downside is also probable, based on the recency of the reversal signal and the potential downside revealed by daily and weekly timeframes. OVERALL: Bearish outlook is based on the complicity of fundamental, pattern and predictive model data. An interim reaction to the upside remains a possibility as usual, but the technical data favors a downturn so far. Cheers, David Alcindor Predictive & Forecasting Analysis ------------------ Twitter: @4xForecasting ------------------
Short
by 4xForecaster
2