NZD (New Zealand Dollar)
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move 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 0.6025 will confirm the bearish momentum.
The measured move target is 0.5075.
We look to Sell at 0.6060 (stop at 0.6080)
Our profit targets will be 0.6010 and 0.5995
Resistance: 0.6060 / 0.6075 / 0.6100
Support: 0.6025 / 0.6000 / 0.5975
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GBPNZD Moving to 2.10 -Great Bearish Trade, Great ROIMorning Trading Family
GBPNZD is setting up for a clean bearish move toward 2.10. If it holds below the recent level, this could be a great trade with solid ROI. Keep it simple—manage risk by placing your stop above the latest high and let the trade play out
Mindbloome Trading
Trade What You See
Eyes on BOE Gov speech It seems that a head and shoulders pattern is forming. If the speech by the Governor of the Bank of England regarding GBP suggests any acceleration in rate cuts, then we should definitely expect the completion of the head and shoulders pattern for this currency pair. In just a few minutes, we will be ready to trade this pair.
NZDCHF Will Go Up! Buy!
Please, check our technical outlook for NZDCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.523.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.536 level soon.
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.
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NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on NZD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 88.374.
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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.524 level.
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NZD/JPY Triangle Pattern in Daily Time Frame: Breakout and Long On the daily time frame, I’m monitoring a triangle pattern on NZD/JPY. Once a confirmed breakout occurs, I plan to enter a long position. My first target will be the pink resistance zone. This key level could provide the next significant resistance point, and I’m waiting for price confirmation before taking action.
NZDCAD Is Going Up! Buy!
Here is our detailed technical review for NZDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.838.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.843 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.
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NZDCAD Potential Upsides Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.131 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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NZDJPY Is Going Down! Short!
Here is our detailed technical review 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 91.001.
Considering the today's price action, probabilities will be high to see a movement to 90.827.
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_CHF LOCAL SHORT|
✅NZD_CHF has hit a key structure level of 0.5267
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Buy NZDCAD on a Fibonacci RetracementI have gone LONG NZDCAD. On my 4H chart there was a impulse wave breaking the down trend (in yellow). This retraced overnight to the 0.618 Fibonacci level where I entered at 0.8348 SL 0.8290. My target is 0.8465.
My rational for the trade is that on that CAD side oil prices remain under pressure, on expectations that demand will be weak and Israel will avoid a strike on Iranian oil facilities. Also the market believes Canadian may start cutting rates agressively.
On the NZD side although CPI came in as expected later in the New Zealand day (New Zealand) the RBNZ published its own inflation data and this came model came in much higher, at 3.4% y/y. Also I believe the market in generally bullish which favours NZD and AUD.
Let's see what pans out!
NZD/CAD Tests Key Demand Area with Bullish Signs EmergingIn the last three days, the NZD/CAD pair has retested a crucial demand area, showing a clear rejection, which indicates potential buying interest at this level. Supporting this outlook, the Commitment of Traders (COT) report reveals that retail traders continue to hold predominantly short positions, while "Smart Money"—institutional investors—are steadily increasing their exposure to the pair. Additionally, though less significant, the price has reacted to the 61.8% Fibonacci retracement level from the swing low, adding another technical layer to the current scenario.
Large speculators have already shifted to a bullish stance, signaling growing confidence in the New Zealand Dollar (NZD) relative to the Canadian Dollar (CAD). This shift in market sentiment could pave the way for a potential long setup, especially as seasonal trends indicate further upside potential for the NZD/CAD pair.
From a technical perspective, the combination of the demand zone rejection and the bullish movement in institutional positioning suggests the possibility of an upward move. Traders will be closely observing the price action over the coming days for signs of a breakout, which could provide an opportunity to enter long positions in line with the growing bullish sentiment surrounding NZD/CAD.
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NZD/SGD Tests and Rejects Key Demand Area, Bullish Sentiment.Over the past three days, the NZD/SGD pair has retested a previous demand area and shown a clear rejection, signaling potential buying interest at this level. The Commitment of Traders (COT) report adds weight to this scenario, revealing that retail traders remain predominantly short, while "Smart Money"—institutional investors—are beginning to edge higher in their positioning.
Large speculators have already turned bullish, reflecting a growing confidence in the New Zealand Dollar (NZD) relative to the Singapore Dollar (SGD). This shift in sentiment could set the stage for a possible long setup, particularly as seasonal trends suggest further upside potential for NZD/SGD.
From a technical perspective, the rejection of the demand zone, combined with the bullish shift in institutional positioning, points to a potential upward move. Traders will be closely monitoring price action in the coming days for confirmation of a breakout, which could present an opportunity to enter long positions in alignment with the emerging bullish sentiment.
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