NZD (New Zealand Dollar)
NZDJPY - 4hrs ( Sell Trade Target Rang 180 PIP ) Pair Name : NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
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🦸♀️Bearish Break
98.350 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Channel Break
- Day / week low
- Fibo Golden Zone
🦸♀️Bullish Reversal
96.800 Area
reasons
- Choch Zone
- Visible Range Hvn
- Major Turn level / D
- Fibo Golden
- Fixed Range Hvn
AUDNZD Two levels to sell for the long-term.The AUDNZD pair gave us a strong sell-and-buy double signal last time (June 03, see chart below):
However it did manage to invalidate the Symmetrical Resistance Zone sell bias and even broke yesterday above Resistance 2 (1.108600), which has been holding since February 20 2023.
In order to make sense of this move, it is best to view it on the wider 1W time-frame. As long as the 1W candle is closing below Resistance 2, then the action remains a sell, targeting 1.08000 (0.236 Fibonacci level).
If the 1W candle closes above Resistance 2, we will take the loss immediately and sell at the top of the Channel Up with the same Target (1.08000).
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Heading into 50% Fibonacci resistance?NZD/USD is rising the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6104
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.6128
Why we like it:
There is a pullback resistance level.
Take profit: 0.6070
Why we like it:
There is a pullback support level.
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.
Falling towards 38.2% Fibonacci support?EUR/NZD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.77237
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.76387
Why we like it:
There is a pullback support level which aligns with the 76.4% Fibonacci retracement.
Take profit: 1.78532
Why we like it:
There is a pullback resistance level which lines up with the 161.8% Fibonacci extension.
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.
Bullish rise?The Kiwi (NZD/USD) has bounce of the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance which acts as an overlap resistance.
Pivot: 0.6071
1st Support: 0.6050
1st Resistance: 0.6107
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: Bullish Continuation & Long Trade
NZDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCHF
Entry Point - 0.5470
Stop Loss - 0.5454
Take Profit - 0.5496
Our Risk - 1%
Start protection of your profits from lower levels
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NZDJPY What Next? BUY!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 98.272
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 - 98.598
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDCHF – should I short this? … the week of 08 July, 2024This pair is at a significant level of 0.5500 but I have to admit that I am a bit double minded. I want to go short, but cannot rule out a bullish continuation either. So let me list the Pros and Cons.
Pros
Preceding trend was bearish.
Price is consolidating in an upward sloping channel – also known as “bearish flag” pattern.
For the past 5 trading days, price has been unable to close above 0.5500.
Many wicks to the up side.
Cons
Price is above the 200dma.
Most recent price action is bullish.
Weekly chart is bullish, previous structure was broken.
The best way forward is to put this pair on our watch list and we make our own decision. Deciding not to trade this is a valid decision too.
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.
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GBPNZD Technical Analysis anda Trade Idea The GBPNZD has experienced a strong rally on the back of RBNZ data release being fairly dovish today. This has resulted in NZD to weaken somewhat offering a potential buy opportunity. This rally has overextended and I'm looking for an entry point on a pullback down into the 61.8% Fibonacci retracement level. In the video we talk about the trend market structure, price action and I attempt to simplify some ideas to help people who are new to trading understand how the markets work. This analysis is for educational purposes only and not to be construed as financial advice.
NZDJPY Sell signal at the top of the Channel Up.The NZDJPY has been trading within a Channel Up pattern since the March 24 2023 bottom and today just made contact with its top (Higher Highs trend-line). We expect a strong rejection, similar to July 05 2023 that pulled-back all the way to the 0.5 Fibonacci retracement level and the 1D MA100 (green trend-line).
As a result, we treat today's rejection as a strong sell opportunity. Our Target is 95.580 (Fib 0.382).
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GbpNzd could rise and test 2.12 resistance (1:3 R:R)Since the beginning of the year, GBP/NZD has been on an upward trajectory, making higher lows and higher highs on the daily chart.
Last week, the pair briefly dropped below support, but this was a false break, strongly reversed by Friday's price action.
Currently, a new higher low seems to be forming.
In my opinion, the pair will continue its upward movement and test the previous high around 2.12.
My strategy is to buy on dips against the recent low, aiming for a 1:3 risk-to-reward ratio.
NZDUSD: Profit taking into RBNZ decisionNZDUSD – 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 0.6222 – 12 June high – Strong
R1 0.6200 – Figure – Medium
S1 0.6048 – 2 July low – Medium
S2 0.6031 – 15 May low – Strong
NZDUSD – fundamental overview
There is no change expected from the RBNZ today, though we have seen profit taking into the event risk. We've also seen some Kiwi selling on the New Zealand Treasury's reporting of weaker sales, with consumers experiencing hardship. Absence of first tier data on Wednesday’s calendar will leave the focus on another round of Fed Chair testimony and some Fed speak.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Falling towards overlap support, could price bounce from here?NZD/CAD is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 0.83166
1st Support: 0.82938
1st Resistance: 0.83551
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.
NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
NZD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 98.041 area.
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Falling towards 50% Fibonacci support?The Kiwi (NZD/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 0.6103
1st Support: 0.6084
1st Resistance: 0.6145
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.
NZD/JPY H1 Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 98.50, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 98.03
2nd Support – 97.80
Stop-Loss: To manage risk, place a stop-loss order above 98.90. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you