NZD (New Zealand Dollar)
GBPNZD Technical Analysis! SELL!
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.0807 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0732
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.
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WISH YOU ALL LUCK
GBPNZD: Growth & Bullish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the upward direction.
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GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. 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 2.062 area.
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Heading into overlap resistance, could it reverse?NZD/CAD is rising towards the pivot and could potentially reverse from this level to the 1st support.
Pivot: 0.83992
1st Support: 0.83442
1st Resistance: 0.84341
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NZDUSD is approaching a decent support areaHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60800 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60800 support and resistance area.
Trade safe, Joe.
NZDCAD: Policy Divergence Favoring the KiwiHello Traders,
In today's trading session, we are keeping a close watch on NZDCAD for a promising buying opportunity around the 0.83900 level. After experiencing a prolonged downtrend, NZDCAD has successfully broken out and is currently in a correction phase. This correction is bringing the pair closer to a critical support and resistance zone at 0.83900, making it a prime area for potential buy entries.
The ongoing policy divergence between the Reserve Bank of New Zealand (RBNZ) and the Bank of Canada (BoC) adds an extra layer of favorability for the NZD over the CAD. The RBNZ's more accommodative stance compared to the BoC's policies provides a supportive backdrop for the NZD, further bolstering the case for a buying opportunity at this level.
Trade safely,
Joe
GBPNZD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.0693
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.0726
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
Inflation Concerns and Risk Sentiment: Implications for NZD/JPYAttention Traders,
In today's trading session, we are closely monitoring the NZD/JPY pair for a potential buying opportunity around the 96.900 zone. Currently, NZD/JPY is in an uptrend but is undergoing a correction phase as it approaches the key support and resistance area at 96.900.
From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) has shown no intentions of cutting rates, given that inflation remains a significant concern. On the other hand, the Japanese Yen (JPY) continues to underperform against major currencies due to prevailing risk sentiment, maintaining its bearish outlook.
Stay vigilant and trade safely.
Best regards,
Joe
NZDJPY - Keeping It Simple!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDJPY has been overall bullish, trading within the flat rising orange channel.
📚 As per my trading style:
As #NZDJPY approaches the upper bound of the channel, 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
NZD/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
NZD/CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.553 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/CHF pair.
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NZDUSD intraday dips continue to attract buyers.NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the daily chart.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 0.6150 will confirm the bullish momentum.
The measured move target is 0.6175.
We look to Buy at 0.6120 (stop at 0.6100)
Our profit targets will be 0.6170 and 0.6175
Resistance: 0.6150 / 0.6170 / 0.6175
Support: 0.6125 / 0.6120 / 0.6100
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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GBPNZD Trading Opportunity! SELL!
My dear followers,
This is my opinion on the GBPNZD next move:
The asset is approaching an important pivot point 2.0775
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2.0715
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NZDCAD: Bulls Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCAD pair which is likely to be pushed up by the bulls so we will buy!
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NZDCAD Will Go Higher! Long!
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.842.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.846 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
We are going short on the NZD/JPY with the target of 94.375 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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61.8% Fibonacci resistance ahead for the Kiwi?NZD/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 0.6168
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6215
Why we like it:
There is a pullback resistance level.
Take profit: 0.6098
Why we like it:
There is a pullback support level.
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