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NZD (New Zealand Dollar)

NZDUSD: Technical Pressure Mounts Amid Weak Trade DataNZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this prospect. A monthly close below 0.5800 will intensify bearish price action. R2 0.6154 – 8 July high – Strong R1 0.6098 – 17 July high – Medium S1 0.5942 – 3 May low – Medium S2 0.5900 – Figure – Strong NZDUSD – fundamental overview On the surface, New Zealand trade data produced a solid headline reading. However, at closer glance, the underlying components were distressing, with both imports and exports declining outright. This along with an ongoing slide in commodities prices proved to be a big weight on the New Zealand Dollar. Key standouts on Tuesday’s calendar come from Eurozone consumer confidence, US existing home sales, and Richmond Fed manufacturing. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Falling towards pullback support?NZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 93.53 Why we like it: There is a pullback support level. Stop loss: 92.44 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 95.10 Why we like it: There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
NZDUSD to continue in the downward move?NZDUSD - 24h expiry There is no indication that the selloff is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.5975 will confirm the bearish momentum. The measured move target is 0.5950. We look to Sell at 0.5990 (stop at 0.6014) Our profit targets will be 0.5930 and 0.5915 Resistance: 0.5990 / 0.6000 / 0.6010 Support: 0.5975 / 0.5960 / 0.5950 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
WEEKLY FOREX FORECAST July 22-26th: EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 22-26th. In this video, we will cover: USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY ... and BitCoin Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COINBASE:BTCUSD
by RT_Money
NZDJPY Is Going Down! Sell! Take a look at our analysis for NZDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 94.587. Considering the today's price action, probabilities will be high to see a movement to 94.204. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
7 Dimension Sell Setup FOR NZDCADCORE Analysis Method: Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish with BOS Swing Move: Corrective move just reached at POI, making a deeper pullback for correction. Internal Structure: Bearish, aligning with the larger timeframe. POI: Momentum move in the low Premier zone. Time Frame Confluence: H4, H1, M15, M5. 2️⃣ Pattern 🟢 CHART PATTERNS: Double top with false breakout. 🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting. 3️⃣ Volume: Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume. 4️⃣ Momentum RSI: 🟢 In bearish momentum zone with range shift. 5️⃣ Volatility Bollinger Bands: 🟢 Contraction is just beginning, so the price might make a small range before moving further down. 6️⃣ Strength: NZD is weaker against CAD. 7️⃣ Sentiment: SELL. ✔️ Entry Time Frame: 15m ✅ Entry TF Structure: Bearish ✔ Entry Time POI: EXT ORDER BLOCK high probability ☑️ FIB Trigger: Activated 💡 Decision: SELL 🚀 Entry: 0.8337 ✋ Stop loss: 0.8360 🎯 Take profit: 0.8156 😊 Risk to reward Ratio: 8 RR 🕛 Expected Duration: 20 days SHORT SUMMARY The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5. A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume. The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment. The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
Short
by Optimum369
NZDJPY is looking for support … the week of 15 July, 2024The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
4
NZDCAD Massive Long! BUY! My dear friends, Please, find my technical outlook for NZDCAD below: The instrument tests an important psychological level 0.8260 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8294 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2