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NZD

NZDJPY Pump and dump in action.The NZDJPY pair is trading within a Channel Up pattern using the 1D MA50 (blue trend-line) as a pivot point as of late. We can see a diverging (dotted) Channel Up that has priced the recent Higher Highs as well as being supported by the 1D MA200 (orange trend-line). The 1D RSI has rebounded on the 39.90 Support level, which is where the last two Higher Lows has been priced, while the 1D MACD just formed a Bullish Cross. This is a buy signal and our target is the top (Higher Highs trend-line) of the dotted Channel Up at 91.800. We are waiting for a sell after the 1D RSI gets rejected near the 73.40 Resistance, and we will target the bottom of the longer term Channel Up at 88.900. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURNZD - Wait For The Bulls ↗️Hello TradingView Family / Fellow Traders, 📈 EURNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline. Moreover, the zone 1.73 is a robust support level. 🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue support and lower red trendline. 📚 As per my trading style: As EURNZD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
2
EURNZD Potential DownsidesIn today's trading session, our attention is on EURNZD as we actively monitor a potential selling opportunity around the 1.76 zone. Operating within a downtrend, EURNZD exhibits a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.76 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may interact with notable market forces.
Short
by JoeChampion
1
NZDUSD: Top of the Megaphone calling for a sell.NZDUSD reached the top of the Bearish Megaphone pattern and along with the overbought 1D technical outlook (RSI = 71.202, MACD = 0.006, ADX = 58.197) is on the ideal short level. The last LH was priced just under the 0.786 Fibonacci level and this is where the price is currently at. We turn bearish, targeting the 1D MA50 (TP = 0.60500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDUSD to find buyers at previous resistance?NZDUSD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 0.6225 will confirm the bullish momentum. The measured move target is 0.6280. We look to Buy at 0.6200 (stop at 0.6176) Our profit targets will be 0.6260 and 0.6270 Resistance: 0.6250 / 0.6275 / 0.6280 Support: 0.6200 / 0.6175 / 0.6150 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.
Long
by OANDA
NZDUSD uptrend correction analysis our attention is directed towards NZDUSD, where we are actively monitoring a potential buying opportunity around the 0.61400 zone. Presently engaged in an uptrend, NZDUSD exhibits a sustained upward trajectory. Concurrently, the currency pair is navigating a correction phase, steadily converging towards the trend at the critical 0.61400 support area. This numerical level bears significance as both a historical support point and a crucial juncture where the correction may encounter noteworthy market dynamics. Our strategic approach for today's session involves a careful assessment of optimal entry points within the identified 0.61400 zone. This approach aligns our trading decisions with the ongoing uptrend and the potential market dynamics at the pivotal support area. Navigating the correction phase with precision is crucial as we seek to capitalize on the identified buying opportunity within the broader context of NZDUSD's current trend.
Long
by JoeChampion
EURNZD Aiming For A Lower Low? From the end of summer, EASYMARKETS:EURNZD is seen drifting lower, while trading below a newly established downside resistance line drawn from the high of 21st of August. At the end of November, the pair once again fell below the 200-day EMA on our daily chart and continues to run below it. However, the rate is currently floating above the current lowest point of December, at 1.7463. If EASYMARKETS:EURNZD falls and stays below that hurdle, this may open the door towards lower areas. A drop below the previously mentioned 1.7463 hurdle would confirm a forthcoming lower low, potentially attracting more bears into the field. Such a move might send EASYMARKETS:EURNZD to the 1.7395 obstacle, or to the 1.7275 zone, marked by the inside swing high of 23rd of May. If that zone is not able to withstand the pressure from the bears, this could lead to a test of the 1.7168 territory, marked near the lowest point of May of this year. Alternatively, a push back above the 1.7740 area, marked near the current highest point of December, may also lift the rate above the 200-day EMA. That’s when EASYMARKETS:EURNZD could go for a larger correction higher, possibly aiming for the 1.7885 obstacle, or to the 1.7955 zone, which is the inside swing low of 15th of November. Slightly above it runs the previously discussed downside line, which could provide some resistance. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
NZDCHF Potential UpsidesHey Traders, In preparation for tomorrow's trading session, our focus centers on NZDCHF, where we are carefully monitoring a potential buying opportunity around the 0.53300 zone. Currently entrenched in an uptrend, NZDCHF showcases a sustained upward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 0.53300 support and resistance area. This numerical level assumes significance not only as a historical support point but also as a pivotal juncture where the correction may encounter significant market dynamics. Augmenting our technical analysis is the broader consideration of the Swiss National Bank's recent policy decisions and their potential impact on the Swiss Franc. Given the susceptibility of the CHF to SNB signals, a nuanced understanding of the CHF landscape enhances our strategic approach. As we navigate tomorrow's session, our goal is to identify optimal entry points within the 0.53300 zone, aligning our trading decisions with the ongoing uptrend and the potential influence of CHF dynamics influenced by the SNB. Trade safe, Joe.
Long
by JoeChampion
NZDCAD - 4H bullishLet’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm predicting another climb, targeting at least the previous high. Stay tuned to see how this plays out in the live market
Long
by Sober_Trading
2