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NZD (New Zealand Dollar)

Higher timeframe resistancePrice mitigated the internal daily supply zone, which is now acting as the highest timeframe resistance. After the mitigation a retracement occurred in a corrective manner to give us a contraction before the volatile move that cleared the swing low at 2.12600. With the swing low being cleared, we have a shift and price has already triggered the breaker block as indicated. We now was liquidity generated about, looking for the liquidity to be swept and the order block to be respected for a clean bearish entry at 2.13200. The stop is 30 pips which is at 2.13500 and the target is 2.11700 which is a total of 150 pips, the anticipation is a 1:5 trade…
by tokelohomi
NZD/USD Hits Supply Level,Potential Double Top Formation SignalsAs forecasted in our recent analysis, the NZD/USD pair has reached the key supply level around 0.6230. At this level, a potential double top formation is emerging, which, in confluence with the supply area, suggests that a retracement may be on the horizon. Adding further weight to the potential for a pullback, the latest Commitment of Traders (COT) report shows that retail traders are heavily long on the NZD/USD, which often serves as a contrarian indicator when combined with technical signals like the double top pattern. Today's focus for investors will be on the preliminary US Purchasing Managers Index (PMI) data for September, which could provide more clues for the next movement in the NZD/USD pair. The Manufacturing PMI is expected to tick up slightly to 48.6 in September from 47.9 in August, signaling a continued contraction in the sector but at a slower pace. Meanwhile, the Services PMI is projected to slip marginally to 55.3 in September from 55.7 in August, indicating a still-expanding services sector, though at a slower rate. Given the current technical setup at the supply zone and the economic backdrop, we are looking for a short setup on NZD/USD, anticipating further downside pressure. The likelihood of a stronger USD could rise, particularly if today's PMI data supports the case for US economic resilience, contrasting with weakness in other major economies like Germany, where the Flash Manufacturing PMI has disappointed markets. As the EUR/USD continues to fall following poor German data, further strengthening of the USD could weigh on the NZD/USD pair, reinforcing the bearish outlook. The combination of retail traders' long positions, a possible double top formation at the supply zone, and positive momentum in the USD positions the pair for a potential retracement, offering a favorable opportunity for short-term bearish setups. Traders should watch today's PMI releases closely, as any stronger-than-expected results from the US could amplify USD strength and accelerate the anticipated pullback in the NZD/USD pair. ✅ Please share your thoughts about NZD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
NZD/JPY Short Setup – Trendline Break & Retest - 1:6.5 RRNZD/JPY Short Setup – Trendline Break & Retest I'm watching the NZD/JPY pair on the 1-hour chart. We've seen a clean break below the ascending trendline, signalling a potential reversal. I'm looking to enter short on a retest of the broken trendline at 89.590, with a stop loss at 90.100 (-51.4 pips). The setup offers a solid reward-to-risk ratio with multiple take profit levels: TP1: 88.666 (+92 pips) – where I will move the stop loss to break even. TP2: 87.580 (+201 pips). Full TP: 86.273 (+332 pips).
Short
by PipShiesty
8
NZDCAD Sellers In Panic! BUY! My dear friends, My technical analysis for NZDCAD is below: The market is trading on 0.8446 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8460 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GBPNZD Will Explode! BUY! My dear followers, This is my opinion on the GBPNZD next move: The asset is approaching an important pivot point 2.1172 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2.1229 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURNZD to find sellers at market price?EURNZD - 24h expiry Short term bias has turned negative. 50 4hour EMA is at 1.7919. We look for a temporary move higher. Daily signals are mildly bearish. Rallies should be capped by yesterday's high. We look to Sell at 1.7915 (stop at 1.7960) Our profit targets will be 1.7795 and 1.7775 Resistance: 1.7900 / 1.7941 / 1.7970 Support: 1.7850 / 1.7823 / 1.7800 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.
Short
by OANDA
1
Falling towards major overlap support?NZD/JPY is falling towards the pivot which which is an overlap support and could bounce to the 1st resistance. Pivot: 88.22 1st Support: 87.15 1st Resistance: 90.24 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
NZDCAD A Fall Expected! SELL! My dear subscribers, My technical analysis for NZDCAD is below: The price is coiling around a solid key level - 0.8452 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8434 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2