NZDCHF - Wait For It...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDCHF has been overall bullish , trading within the flat rising wedge marked in blue.
Currently, NZDCHF is undergoing a correction phase in the shape of a falling channel in red.
Moreover, it is retesting massive support in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #NZDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZD (New Zealand Dollar)
NZD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Bullish trend on NZD/CHF, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.544.
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NZD/CHF Bullish Gartley Pattern Suggests Uptrend PotentialBullish Gartley Harmonic Pattern Formation:
The NZD/CHF currency pair is currently forming a Bullish Gartley Harmonic Pattern, indicating potential upward movement. This pattern is aligned with a significant support area, reinforcing our bullish outlook.
Key Support and Trendline Confluence:
The price has received a strong rejection at this key support level, which coincides with a critical trendline and the 78.6% Fibonacci retracement level. This confluence of technical factors strengthens the likelihood of a bullish reversal.
RSI Divergence:
Adding to our bullish sentiment is the RSI divergence observed on the 4-hour time frame. The RSI is showing signs of divergence, suggesting a potential shift in momentum in favor of the bulls.
Trade Setup:
Entry Point: 0.54125
Stop Loss: 0.53460
Take Profit Targets:
TP-1: 0.54790
TP-2: 0.55455
TP-3: 0.56120
Conclusion:
Based on the alignment of the Bullish Gartley Harmonic Pattern, key support area, trendline, 78.6% Fibonacci retracement level, and RSI divergence, we anticipate a potential bullish move in the NZD/CHF pair. Traders should consider entering at the specified entry point with the given stop loss and take profit targets for an optimized risk-reward ratio.
GBPNZD: DT Curve Analysis📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146.
📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot range. It's important to note that there will likely be a lot of consolidation in this area.
📈 If the price closes below the mid-pivot, the downtrend is expected to continue. Conversely, a turnaround to the upside could occur at the major support level of approximately 2.0235.
🙏 Let's remain optimistic and hope for favor as we navigate the market.
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could fall to the 1st support.
Pivot: 0.8348
1st Support: 0.82764
1st resistance: 0.83837
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.
NZDCAD Set To Grow! BUY!
My dear subscribers,
NZDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.8290 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8304
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPNZD Simple Trade Plans PRE New Zealand InflationA rampant GBP Post UK Elections and a dovish stance coming out the RBNZ have provided us with a significant rally to start to look short on (Carefully).
If CPI comes in higher, we may see a reversal of the latest NZD sentiment, ultimately dropping GBPNZD (not a given).
Short side bias comes at local highs, extreme push. Likely to weaken.
NZDCHF What Next? BUY!
My dear subscribers,
My technical analysis for NZDCHF is below:
The price is coiling around a solid key level - 0.5400
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5426
My Stop Loss - 0.5385
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
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WISH YOU ALL LUCK
EURNZD to continue in the upward move?EURNZD - 24h expiry
Our short term bias remains positive.
Setbacks should be limited to yesterday's low.
We look to buy dips.
20 4hour EMA is at 1.7921.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 1.7928 (stop at 1.7878)
Our profit targets will be 1.8048 and 1.8068
Resistance: 1.7978 / 1.8061 / 1.8100
Support: 1.7925 / 1.7900 / 1.7870
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.
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NZDUSD: Bullish Indices And Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60300 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60300 support and resistance area.
We Would also like to consider the current bullish bias on Stocks, due to the positive correlation NZDUSD can benefit from that!
Trade safe, Joe.
NZD_JPY SUPPORT AHEAD|LONG|
✅NZD_JPY is about to retest a key structure level of 95.24
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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GBNZD I Potential short from top of channel Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Bearish drop?NZD/CHF has reacted off the pivot which is a pullback support and could drop to the 1st support which acts as a pullback support.
Pivot: 0.54475
1st Support: 0.54122
1st Resistance: 0.54745
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.
NZDCHF Will Explode! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The price is coiling around a solid key level - 0.5447
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5476
Safe Stop Loss - 0.5428
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPNZD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.0774 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0726
Safe Stop Loss - 2.0808
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK