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Newzealanddollar

NZDUSD Close to the long-term Support. Buy opportunity.The NZDUSD pair had previously completed its bullish leg above the 1D MA50 (blue trend-line) before starting the new correction on the August 12 High, as we illustrated on our previous analysis: Right now the price is again the closest its been since July 12 to the bottom (Lower Lows trend-line) of the 1 year Bearish Megaphone pattern. This makes the odds of a buying stronger, even though the 1D RSI isn't yet oversold. Probably that will happen within the current level and 0.5900. In any case this is a good medium-term buy opportunity, initially targeting the 1D MA50 and Inner Lower Highs (1) trend-line on a potential +5% rise (minimum of rises inside the Megaphone) and in extension the 1D MA200 (orange trend-line) and the Inner Lower Highs (2) trend-line on a +7.50% rise (maximum inside the Megaphone). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦 Hey traders, NZDCAD broke and closed below a solid structure support yesterday. Retesting the broken structure, the price formed a head and shoulders pattern on 1H time frame. To short with a confirmation, watch 0.7893 - 0.7898 horizontal neckline. We need an hourly candle close below that to confirm the breakout. Then, short aggressively or on a retest. Goals will be 0.788 / 0.7865 If the price sets a new high though, the setup will be invalid. Please, support this post with like and comment!
Short
by VasilyTrader
3
💵Canadian Dollar/New Zealand Dollar💵Analyze !!!Canadian Dollar/New Zealand Dollar is running near the important resistance line and resistance zone. I expect the Canadian Dollar/New Zealand Dollar will go down at least to the support line. Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price. 🔅Canadian Dollar/New Zealand Dollar Analyze (CADNZD) Daily Timeframe⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
💵Euro/New Zealand Dollar💵 Analyze🦀/Rising wedge!!!Euro/New Zealand Dollar was able to make a Bearish Deep 🦀Crab🦀 Harmonic Pattern & Rising wedge near the Resistance zone. I expect the Euro/New Zealand Dollar will start to go down at my TRZ(Time Reversal Zone) to the 🎯targets🎯 that I showed in my chart. 🔅Euro/New Zealand Dollar (EURNZD) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
EURNZD: Very Bullish Setup 🇪🇺🇳🇿 Take a look how perfectly EURNZD has respected the confluence zone based on 786/50 retracements of the last bullish impulse. The market was nicely rejected and formed a double bottom formation then. I am currently holding my buy limit order on a retest of a broken neckline of a double bottom. Initial target will be 1.645. Stop loss lies below the lows of the pattern. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Trend change for GBPNZD❓Earlier on this evening UK time we had a buy alert for GBPNZD Is the trend changing for this pair? Trend trade identified and entered. Working 45M timeframe on this strategy. Trade details can be found on the chart in printed label. All the TP values same in label as that's what I'm aiming for on this strategy. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌
Long
by pow_removetheguesswork
1
AUD NZD - FUNDAMENTAL DRIVERSAUD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite a decent recovery from the start of the year, the AUD gave back most of its 1Q22 gains throughout 2Q22 due to China’s continued struggles with Covid breakouts, and more recently the big slump in key commodities (Iron Ore & Coal). China’s economy is always a key focus for the AUD. While other major economies are expected to slow in 2022, China was expected to grow (with monetary and fiscal policy very stimulative), but we are yet to see the new additional stimulus measures spill over into the soft and hard data. The expected recovery, if it happens, remains a key consideration for the AUD. Our view in 1Q22 was that China’s expected recovery would be enough to keep commodities like Iron Ore supported even while other commodities push lower on global demand concerns, but the market proved us wrong on that assumption. The RBA stuck to a higher pace of tightening with a 50bsp hike in August, but it wasn’t enough to provide the AUD with upside as the bank mentioned their policy is not on a pre-determined path and also expressed growing concerns about consumers. While Iron Ore prices stays pressured and covid lockdowns in China persists, we maintain a neutral bias for the AUD. POSSIBLE BULLISH SURPRISES Positive Covid developments in China (easing restrictions, more fiscal or monetary support, or stopping their covid-zero policy) could trigger bullish reactions in the AUD. As a risk sensitive currency, catalysts that causes big bouts of risk on sentiment could trigger bullish reactions in the AUD. Any catalyst that triggers some recovery in Australia’s key commodity exports (China stimulus, lifting covid restrictions, new infrastructure projects in China, higher inflation fears) should be supportive for the AUD. With the RBA just getting started with their hiking cycle, there is scope for them to turn more aggressive, which means any overly hawkish comments or overly bullish CPI , or wage data could trigger some bullish reactions. POSSIBLE BEARISH SURPRISES Negative Covid developments in China (increasing restrictions or adding new ones) could trigger bearish reactions in the AUD and remains a course of concern. As a risk sensitive currency, catalysts that causes big bouts of risk off sentiment could trigger bearish reactions in the AUD. Any catalyst that triggers more downside in Australia’s key commodity exports (additional China restrictions, demand destruction fears, and additional news on recent centralized iron ore buyers) could be negative for the AUD. Concerns about consumers & growth means the RBA have been cautious to confirm STIR market expectations. If they ‘only’ hike by 50bsp without higher terminal rate forecasts we would expect the AUD to push lower out of the meeting. BIGGER PICTURE The outlook for the AUD is neutral for now, but that is largely dependent on what happens to China, whether key commodities like Iron Ore and Coal can stop their recent bleeding, and how long China struggles to recover their previously expected growth trajectory. Until the covid situation improves materially, and until commodities and China’s growth stabilizes, the AUD is best suited for short-term trades in line with strong short-term sentiment. Also keep in mind that the AUD is currently the most stretched among the other majors versus the US Dollar , so AUDUSD could be considered on any decent positive catalyst. With a 50bsp fully priced, without an overly hawkish RBA policy statement the AUD looks vulnerable to more downside. NZD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite the RBNZ being one of the most hawkish central banks from 2021, it hasn’t been enough to provide any meaningful trending support for the NZD. The cyclical concerns for the global economy, alongside concerns from China regarding their struggles with their covid-zero policy as well as recent big falls in commodity prices has kept the NZD pressured. Even though the RBNZ is expecting to keep their hiking cycle intact as they proved at their August meeting, some mild economic concerns have been starting to show up in the recent data, something they alluded to in their statement as well by noting medterm downside risks for the economy. Consumer and business confidence from the start of the year has confirmed this view. Furthermore, a big focus for the RBNZ’s aggressive policy (apart from high inflation of course) has been to try and calm down a very hot housing market, and even though the fall is small we have seen YY house prices starting to cool down. These developments on the growth side are not expected to stop the RBNZ’s hiking cycle just yet, but some market participants are expecting a more dovish tone reflecting these concerns and a push back in hike expectations in the months ahead. POSSIBLE BULLISH SURPRISES Positive Covid developments in China (easing restrictions, more fiscal or monetary stimulus, or letting go of the covidzero policy) could trigger bullish reactions in the NZD. As a risk sensitive currency, and catalyst that causes big bouts of risk on sentiment could trigger bullish reactions in the NZD. Any catalyst that triggers some recovery in commodity markets (China stimulus, lifting covid restrictions, new infrastructure projects in China, higher inflation fears; lower growth concerns) should be supportive for the NZD. With a lot of tightening already priced for the RBNZ it would take a lot to surprise markets on the hawkish side, but with growing calls of a dovish pivot, reluctance from the RBNZ on that front could prove supportive in upcoming meetings. POSSIBLE BEARISH SURPRISES Negative Covid developments in China (increasing restrictions or adding additional ones) could trigger bearish reactions in the NZD. As a risk sensitive currency, and catalyst that causes big bouts of risk off sentiment could trigger bearish reactions in the NZD. Any catalyst that triggers more downside in commodity markets (additional China restrictions, demand destruction fears, further growth concerns) could weigh on the NZD. Since a lot of policy tightening has been priced into STIR markets, any negative catalysts that triggers less hawkish RBNZ expectations (faster deceleration in growth or inflation) could trigger downside for the NZD. BIGGER PICTURE The bigger picture outlook for the NZD is neutral for now, but that is largely dependent on what happens to China as the New Zealand economy is also very dependent on trade with China and Australia, and also dependent on whether the RNBZ sticks to their hawkish tone or pivots more dovish in the meetings ahead. Given the RBNZ’s current outlook, we would favour short-term opportunities in the NZD in line with short-term sentiment as opposed to med-term positions.
by thunderpips
2
💵New Zealand Dollar/Japanese Yen 💵 Analyze(Short term)!!!New Zealand Dollar/Japanese Yen is running inside the resistance lines. Also, it can make a Bearish AB=CD Harmonic pattern in my PRZ(Price Reversal Zone). I expect that New Zealand Dollar/Japanese Yen will go down at least to the Trend line and support zone. 🔅New Zealand Dollar/Japanese Yen Analyze (NZDJPY) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
NZDUSD - 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
NZDCHF About to break the 1D MA50 towards a new High.The NZDCHF pair has been trading within a long-term Channel Down pattern since the February 25 2021 High. The last Lower Low on the Channel took place on July 01 2022 and that Low was re-tested on August 29, which held, making the Support so far a Double Bottom. The 3 day rebound is now testing again the 1D MA50 (blue trend-line) for the 4th time in the past 2 weeks with strong probabilities of breaking out not just due to the Double Bottom but also due to the 1D RSI and MACD indicators. Those show that the current rebound is similar to the one that started on February. A break above the 1D MA50 can kick start the new bullish leg to the Lower Highs (top) trend-line of the Channel Down. Moderate target would be the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
NZDUSD - 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
NZDCAD 1D MA50 is the key. Sell below, buy above.The NZDCAD pair has offered us an excellent pattern for a sell high/ buy low plan on our previous analysis more than two months ago: As you see, we were successful on the sell exactly on the 1D MA50 (blue trend-line) rejection and the buy on the Lower Lows trend-line of both the Megaphone and Channel Down patterns. Right now there is a conflict as to where we could be in relation to the prior formations. This may be a quick accumulation below the 1D MA50 similar to July 30 2021 (green circle) or a failure below the 1D MA50 similar to April 15 2022. The 1D MA50 can give the solution to this. As long as 1D candles close below it, the action is a sell targeting first the 0.79100 Support and the 1.5 Fibonacci extension (0.7745) as part of a new Lower Low formation. A closing above the 1D MA50 though, should be taken as a bullish signal, targeting the 0.8250 Resistance and potentially the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
GBPNZD Excellent buy level for a rally to the end of the yearThe GBPNZD pair has been following exactly our trading plan since our last update a month ago, getting rejected on the 1D MA200 (orange trend-line) and hitting the Higher Lows zone of the long-term Triangle pattern that it has been trading in since the April 02 2020 High: The initial rebound after the August 12 Low is seeing a pull-back in the last 10 days and that may be the perfect opportunity for those who missed it, to buy again. Our long-term target for the end of the year is just below the 0.786 Fibonacci retracement level at 2.010. Those who seek more risk, there is also the Symmetrical Resistance if the Triangle breaks to the upside. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2