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NZD (New Zealand Dollar)

NZDUSD to continue in the downward move?NZDUSD - 24h expiry Previous support level of 0.6100 broken. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Short term RSI has turned negative. The measured move target is 0.6040. We look to Sell at 0.6100 (stop at 0.6124) Our profit targets will be 0.6040 and 0.6025 Resistance: 0.6090 / 0.6100 / 0.6125 Support: 0.6075 / 0.6050 / 0.6040 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
NZDCADThe chart depicts the NZD/CAD (New Zealand Dollar/Canadian Dollar) currency pair on a 4-hour timeframe. Here’s an analysis based on the visual information: Trend Analysis: The pair has been in a downtrend, evident from the series of lower highs and lower lows. A descending trendline (yellow line) is drawn, indicating resistance levels. Order Block (OB): A blue rectangle labeled "OB" highlights a demand zone, indicating a significant area where buyers previously stepped in, causing the price to rise. The price is currently at this order block, suggesting potential buying interest. Support and Resistance Levels: The chart shows potential target levels where the price might face resistance or find support: 0.83900: A minor resistance level where the price might pull back before continuing higher. 0.84545: Another resistance level, which may act as a target for a bullish move. 0.85185: A key resistance level; breaking this would indicate a stronger bullish trend. 0.86000: A major resistance level where significant selling pressure might be expected. 0.87000: A higher target level, indicating a strong bullish move if the price reaches this area. Current Price Action: The price is hovering around 0.83281, showing a small decline. The price has just hit the support zone marked by the red rectangle below the current price, suggesting potential buying pressure. Potential Trade Setup: Long Position: If the price holds at the current support level (around 0.83200) and starts showing bullish signals, it could be a good entry point for a long position targeting the mentioned resistance levels. Stop Loss: Below the recent low (around 0.83000) to manage risk. Indicators: No indicators are visible on the chart, but incorporating some (like RSI or MACD) could provide additional insights into momentum and trend strength.
Long
by Tdawly_Official
5
NZDCHF - Follow the Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCHF has been overall bearish , trading within the falling red wedge pattern. Currently, NZDCHF is undergoing a correction phase and it is currently hovering around the upper bound of the wedge. Moreover, it is retesting the previous major low marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the green low and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #NZDCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
3
NZDUSD Is this 1D Golden Cross a bearish signal?The NZDUSD pair has been trading within a Channel Down on the 1D time-frame since the February 02 2023 High. The price almost reached the 0.786 Fibonacci retracement level, which has formed both previous Lower Highs. As the pair completed a 1D Golden Cross today, traders might immediately think that this is a bullish signal, as theory suggests but in the past 18 months, both previous Golden Crosses have formed the Top. At the same time, the 1D RSI completed a Double Top, similar to the December 27 2023 Top. As a result, we have strong evidence to sell this pair again, and target 0.57750 (Support 1). ------------------------------------------------------------------------------- ** 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
MACD Divergence and Overbought Signals: Time to Short NZDJPY?The Yen has been getting hammered across the board lately, and there’s no telling how far these pairs can go long-term. However, in every strong uptrend, buyers eventually take profits, allowing the market to dip and providing opportunities to re-enter at better levels. This scenario seems likely for NZDJPY. We've just popped above a key Monthly resistance level, the swing high from 2007. We’re likely to see buyers ease off and short sellers step in. Here’s why. There are several signs that a reversal is imminent. First, we are extremely overbought across all higher timeframes. While this alone isn’t a signal to enter a trade, combined with the Monthly resistance level, it looks promising. What gives me even more confidence in a sell-off is the Daily chart. It shows clear evidence of slowing buying momentum with choppy price action. After each new high, there’s an immediate sell-off. The most compelling signal is the MACD divergence on the Daily chart (see image below). The combination of extreme overbought conditions and MACD divergence at this key Monthly level gives me confidence in entering a sell trade. The next step is to identify potential drop targets and where buyers might regroup. Two key targets stand out: The previous Monthly resistance, the 2014 high at 93.5, which is the first target for this sell setup. The 0.236 Fibonacci retracement at 88.5, just above the 2022 highs that held for over a year before breaking out again at the start of this year. This area is likely to attract buyers as shown in the image below My plan is to sell now and close 25% of my position every 200-pip drop. After the first drop, I will move my stop loss to the entry price. Let me know your thoughts in the comments.
Short
by TheFxAce
8
Overlap support ahead?NZD/CAD is falling towards the pivot which acts as an overlap support and could bounce from this level to the 1st resistance. Pivot: 0.83496 1st Support: 0.83107 1st Resistance: 0.83993 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
NZDCHF A Fall Expected! SELL! My dear friends, Please, find my technical outlook for NZDCHF below: The price is coiling around a solid key level - 0.5478 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.5444 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDCHF Will Fall! Short! Please, check our technical outlook for NZDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.547. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.543 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
Potential bullish rise?NZD/USD is currently on a support level which is a pullback support and could rise from this level to our take profit. Entry: 0.6103 Why we like it: There is a pullback support level. Stop loss: 0.6047 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.6168 Why we like it: There is an overlap resistance level which is slightly below the 61.8% 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
EUR/NZD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support. Pivot: 1.7552 1st Support: 1.7395 1st Resistance: 1.7634 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.
Short
by ICmarkets
GBPNZD - 4hrs ( Sell Trade Target Range 240 : 480 PIP ) ☑Pair Name : GBP/NZD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Break 2.06600 Area Reasons - Major Turn level - Visible range Hvn - Pattern Break - Choch Daily - week low / day low break - Quarter's Area - Fixed Range Poc ✔️Bullish Reversal Profit Gains 2.04000 Area ✔️Bullish Reversal 2.01000 Area Reasons - Major Turn level / D - Pattern Target - Bullish Accumulation Zone - 2 Quarter Low - 3 Quarter low - Major Choch Zone - Visible range Hvn
Short
by GoldenEngine
2