NZDUSD Potential for Bullish Rise| 17th August 2022On the H4, with the price breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.63757, which is in line with the 38.2% fibonacci retracement to the take profit at 0.64379, which is in line with the 78.6% fibonacci retracement. Alternatively, the price may drop to the stop loss at 0.63175, where the 38.2% fibonacci retracement and pullback support is.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZD-USD
NZDUSD Potential for Bearish Drop| 16th August 2022On the H4, with the MACD histograms are under zero and DIF crossing below the signal line, we have a bearish bias that the price may drop from the sell entry at 0.63444, which is in line with the 78.6% fibonacci retracement and pullback support to the take profit at 0.62696, which is in line with the 50% fibonacci retracement. Alternatively, the price may rise to the stop loss at 0.64657, which is in line with the swing high and 78.6% fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD Potential for Bullish Continuation | 15th August 2022On the H4, with the price is over ichimoku cloud and RSI is moving along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 0.64665, where the swing high and 78.6% fibonacci retracement are to the take profit at 0.65736 where the swing high is. Alternatively, as the MACD histograms are under zero, and DIF is almost crossing the signal line, the price may drop to the stop loss at 0.63630 which is in line with 23.6% fibonacci retracement and overlap support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDCAD Potential for Bullish MomentumOn the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the buy entry at 0.64641, where the swing high and 78.6% fibonacci retracement are to the take profit at 0.65735 where the swing high is. Alternatively, price may drop to the stop loss at 0.63664 which is in line with 23.6% fibonacci retracement and overlap support.
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NZDUSD BULLISH PATTERNThe New Zealand dollar keeps gaining against the USD after the data that US CPI is not as high as anticipated. The pair broke the support level of the triangle pattern and it is heading for a bullish move.
If the breakthrough remains genuine the pair might strive to reach price of 0.654, but if the move does not happen, it might revert to its previous low at 0.627.
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NZDUSD Potential for Bullish Rise | 11th August 2022On the H4, with the price is over ichimoku cloud and MACD histograms are above zero axis, we have a bullish bias that price may rise from the buy entry at 0.63834, where the pullback resistance, 23.6% fibonacci retracement and swing high are to the take profit at 0.64646 where the 78.6% fibonacci retracement and pullback support are. Alternatively, price may drop to the stop loss at 0.63021 which is in line with 38.2% fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD Potential for Bullish ContinuationOn the H4, with price moving along the ascending channel, above the ichimoku cloud and the histogram is above zero axis, we have a bullish bias that price may rise from the buy entry at 0.62995 where overlap resistance is to the take profit at 0.63534 where 78.6% fibonacci projection is. Alternatively, price may drop to stop loss at 0.62155 where the swing low support and 50% fibonacci retracement are.
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.
NZDUSD Resuming uptrend to 0.6500 at least.The NZDUSD pair turned bullish and reversed the medium-term sell bias exactly on the moment we wanted it last time we posted on analysis on it:
As you see, the rebound took place exactly on the Lower Lows (bottom) trend-line of the long-term Bearish Megaphone, a pattern it's been trading in for over 1 year. At the moment, the price is consolidating around the 1D MA50 (blue trend-line), struggling to stay above it but nonetheless, it closed a 1D candle above it for the first time since April 12. Every time the pair closes above the 1D MA50, the rebound is extended to at least the 0.5 Fibonacci retracement level. This time, that at 0.65470 and if that is achieved within August, the price will make contact with the 1D MA200 (orange trend-line) as well.
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NZDUSD Potential for Bullish MomentumOn the H4, with price moving along the ascending channel and above ichimoku cloud, we have a bullish bias that price may rise from the buy entry at 0.63029 where overlap resistance is to the take profit at 0.63910 at the swing high, 61.8% fibonacci projection and 61.8% fibonacci retracement. Alternatively, price may reverse off the buy entry and drop to stop loss at 0.62168 where the swing low support and 50% fibonacci retracement are.
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.
NZDUSD H4 Potential for bullish momentum | 5th August 2022On the H4, with price moving along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 0.62701 where overlap resistance is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may reverse off the 1st support and drop to stop loss at 0.61968 where the swing low support and 50% fibonacci retracement are.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD Potential for Bearish Continuation | 4th August 2022On the H4, with price bouncing off to the ascending trendline, also, the momentum of red histogram is decreasing, we have a bullish bias that price may rise from the buy entry at 0.62053 where 50% fibonacci retracement is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement . Alternatively, price may reverse off the buy entry and drop to stop loss at 0.60605 where the swing low is. Take note the price of 0.61234 could be the intermediate support, which is in line with the 78.6% fibonacci retracement .
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD Potential for Bearish Continuation | 4th August 2022On the H4, with price bouncing off to the ascending trendline, also, the momentum of red histogram is decreasing, we have a bullish bias that price may rise from the buy entry at 0.62053 where 50% fibonacci retracement is to the take profit at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may reverse off the buy entry and drop to stop loss at 0.60605 where the swing low is. Take note the price of 0.61234 could be the intermediate support, which is in line with the 78.6% fibonacci retracement.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD Potential for Bullish Continuation | 2nd August 2022On the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud , we have a bullish bias that price will rise from the buy entry at 0.63447 where 61.8% fibonacci projection is to the take profit at 0.64648 where the 78.6% fibonacci retracement is. Alternatively, price may reverse off the buy entry and drop to the stop loss at 0.61924 at the multiple swing lows and 50% fibonacci retracement . Take note the price of 0.62694 could be the intermediate support, as the price is testing this area.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD Potential for Bullish Continuation | 2nd August 2022On the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.63447 where 61.8% fibonacci projection is to the take profit at 0.64648 where the 78.6% fibonacci retracement is. Alternatively, price may reverse off the buy entry and drop to the stop loss at 0.61924 at the multiple swing lows and 50% fibonacci retracement. Take note the price of 0.62694 could be the intermediate support, as the price is testing this area.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD moving higher as US Dollar correctsNZDUSD - Intraday - We look to Buy at 0.6275 (stop at 0.6215)
Previous support located at 0.6300. Previous resistance located at 0.6350. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6275, resulting in improved risk/reward. A move through 0.6350 will confirm the bullish momentum.
Our profit targets will be 0.6400 and 0.6425
Resistance: 0.6350 / 0.6400 / 0.6425
Support: 0.6300 / 0.6275 / 0.6250
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NZDUSD Potential for Bullish ContinuationOn the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.63240 at the overlap resistance in line with the 78.6% fibonacci retracement to the take profit at 0.63963 at the swing high. Alternatively, price may reverse off the entry and drop to the stop loss at 0.61927 at the multiple swing lows and 50% fibonacci retracement. Take note the price of 0.62694 could be the intermediate support, which is in line with multiple swing highs.
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.
NZDUSD Potential for Bullish Continuation | 1st August 2022On the H4, with price going along the ascending trendline, RSI showing an ascending trendline and moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 0.63237 at the overlap resistance in line with the 78.6% fibonacci retracement to the take profit at 0.63963 at the swing high. Alternatively, price may reverse off the entry and drop to the stop loss at 0.61924 at the multiple swing lows and 50% fibonacci retracement. Take note the price of 0.62694 could be the intermediate support, which is in line with multiple swing highs.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.