NZD
NJ,trend still pushing for more upside?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
NJ on the higher timeframe of D1 and H4 still bullish to me. Decent pullback should be buying and good for swing long up.
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GBPNZD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPNZD for a selling opportunity around 2.05100 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.05100 support and resistance area.
Trade safe, Joe.
EURNZD Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.75400 zone, EURNZD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
NZDCAD: Bullish Trend Continues 🇳🇿🇨🇦
NZDCAD is trading in a strong bullish trend.
The price set a new local higher high higher close on a daily yesterday,
violating a strong resistance cluster.
We may anticipate a further growth on the pair.
Next goal for buyers - 0.842
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NZDJPY ShortI usually publish daily charts but will now switch to 4 hour. There looks to be rsi divergence between the 4 hour, daily, and weekly timeframes (dotted line). Price has been rising on low decreasing buyer volume recently. Started a leg here and am looking for a 20% to 40% fib retracement of the previous macd low. Buyers seem to be staggering a bit at this resistance zone on this timeframe. Buyers are still fighting pretty good on the daily and weekly but im focusing on the rsi divergence with the 4 hour volume to price divergence. Not advice. What do you think?
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
The correction lower is assessed as being complete. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6175 will confirm the bullish momentum. The measured move target is 0.6225.
We look to Buy at 0.6125 (stop at 0.6097)
Our profit targets will be 0.6195 and 0.6215
Resistance: 0.6175 / 0.6200 / 0.6225
Support: 0.6150 / 0.6125 / 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.
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.
NZDJPY to continue in the upward move?NZDJPY - 24h expiry
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 90.75 will confirm the bullish momentum.
The measured move target is 91.50.
We look to Buy at 90.50 (stop at 90.18)
Our profit targets will be 91.30 and 91.50
Resistance: 91.00 / 91.40 / 91.50
Support: 90.50 / 90.25 / 90.00
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.
NZDUSD Potential Continuation to the upsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60900 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60900 support and resistance area.
Trade safe, Joe.
NZDUSD to see a temporary move higher?NZDUSD - 24h expiry
Trades at the highest level in 76 days.
We are trading at overbought extremes.
Trading within a Bearish Ascending Wedge.
A Fibonacci confluence area is located at 0.6135.
Bespoke resistance is located at 0.6135.
We look to Sell at 0.6135 (stop at 0.6167)
Our profit targets will be 0.6055 and 0.6035
Resistance: 0.6135 / 0.6143 / 0.6229
Support: 0.6055 / 0.6000 / 0.5965
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.
AUDNZD: Looking for a Buy this weekKiwi has been on a great run but I'm seeing this come to the top of it's range and expecting a correction, whilst at the same time seeing Aussie building momentum, so I'm thinking this is a good pair to trade this week.
We have quite a lot of fundamentals, with RBA and RBNZ meetings, but I think overall price action will look like this when everything balances out.
I'm long from a LTF confirmation.
AUDNZD: Bear Flag SetupThe AUD is forming a Bearflag against the NZD on the Daily as the RSI cracks below the Mid-Line, if it plays out we could see the bottom half of the range soon.
It also should be noted that the NZD has outperformed a lot of big currencies recently such as the CAD and USD so it would be somewhat expected for the AUD to underperform against it.
GBPNZD Sell every Channel Down top.The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and target the 1D MA200.
If the price closes a 1D candle below the 1D MA200, we have to start considering a long-term shift to a bearish trend and sell after the first rebound to the 1D MA50, while a closing above th 0.618 Fibonacci level will be bullish, targeting the 2.1500 High.
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NZDJPY to form a lower high?NZDJPY - 24h expiry
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 90.90 (stop at 91.30)
Our profit targets will be 89.90 and 89.70
Resistance: 90.99 / 91.70 / 92.65
Support: 89.70 / 88.70 / 87.90
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.
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6075 will confirm the bullish momentum.
The measured move target is 0.6125.
We look to Buy at 0.6025 (stop at 0.5993)
Our profit targets will be 0.6105 and 0.6125
Resistance: 0.6075 / 0.6100 / 0.6125
Support: 0.6050 / 0.6025 / 0.6000
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.