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NZD

GBPNZD: Counter trend buy. Only short term.GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP = 2.092225), and the 1D MA50, even though if it follows the stardard format of previous rises, it can go as high as 2.13000. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
NZDUSD - Wait For The Bulls ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDUSD has been overall bearish trading inside the falling broadening wedge pattern in orange, and it is currently approaching the lower bound of the wedge. Moreover, the zone 0.57-0.58 is a strong support zone. 🏹 So the highlighted orange circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower orange trendline acting as a non-horizontal support. As per my trading style: As NZDUSD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom 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
by TheSignalyst
3
GBPNZD: Retest of the ascending channel?As we can see GBPNZD has rejected support having broken through the long term ascending channel. According to my chart we've not retested the channel yet (obvs this isn't always the case, but I would have expected it as it was a long term bullish trend), so I'm thinking it will. As this is a retracement trade i'll be looking to TP before my resistance block just in case, but I'm thinking this will move higher before a drop down to at least current levels. This also hedges against my planned GBPAUD trade in an earlier idea.
Long
by Finchcliffe
2
Gbpnzd,pretty dead...still bias to downsideStill on the downside for shorts...watching on the h1. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
🚨NZDUSD will Fall by Ascending Broadening Wedge Pattern🚨✅NZDUSD managed to form an Ascending Broadening Wedge Pattern. 🐮Also, NZDUSD seems to have passed a Bull Trap . 🏃Currently, NZDUSD is moving in the 🔴 Resistance zone($0.6018-$0.5980) 🔴. 🔔I expect the NZDUSD to fall to the 🟢 Support zone($0.594-$0.5929) 🟢 and the lower line of the classic pattern due to the formation of the 💫Evening Star Candlestick Pattern💫 above the upper line of the Ascending Broadening Wedge Pattern. New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
20
NZDJPY, Massive Triangle-Breakout, Pointing to Target-Zones!Hello There! Welcome to my new analysis of NZDJPY. In recent times it has to be mentioned that there are only a few forex pair setups that have such a bullish potential as I have spotted it with NZDJPY. This is why I detected all the important price actions, underlying dynamics, and upcoming perspectives that should be primarily considered with NZDJPY. In fact, NZDJPY already emerged with a main entry setup however the reward potential is likely to increase once NZDJPY completes the whole formation. The chart price-action is forming this important ascending triangle formation in which NZDJPY has the coherent wave count that is about to be completed within the upcoming times. Furthermore, NZDJPY has the main ascending trend line supports within the boundaries. The fact that NZDJPY is already building a breakout attempt with a bull flag on the local structures is increasing the scenario determination of the final breakout to emerge within the upcoming times. Once NZDJPY has formed the final ascending triangle breakout above the upper boundary this is going to point to the expansion origin and is going to activate two main target zones within the whole development, the first target zone is within the 93.5 area and the second target zone is within the 97.5 area. When NZDJPY continues with the established dynamics from there on it also has the further ability to bounce into a new all-time high direction above these zones. Thank you everybody for watching my idea about NZDJPY. Support from your side is greatly appreciated. "Don't look for the needle in the haystack. Just trade the haystack!" VP
by VincePrince
6
NZDEUR, Major BULL-Flag-Formation, Targets Objections!Hello There! Welcome to my new analysis of NZDEUR. In recent times I have spotted many gems within the forex market. With NZDEUR I have analyzed the underlying dynamics and spotted important determinations that have the potential to elevate NZDEUR into a massive bullish breakout development with expanding price-action dynamics and activation of important target-zones. In this case, NZDEUR is a considerable long-side opportunity, and when continuing with a total-return approach as I am doing it the best is to also consider other short-side opportunities in the market. When looking at my chart NZDEUR moved forward with completing a highly important formation here which is this major ascending channel formation and NZDEUR continued with an appropriate breakout above the upper boundary confirming the boundary as the main support level together with the 65EMA and 35EMA. Furthermore, NZDEUR has the main structure support within the range marked in orange in my chart. NZDEUR already bounced several times in these important support zones and is now building a greatly determined bull-flag formation above the prevalent support levels. Taking all the major factors into consideration here the next time the final bull-flag completion breakout of NZDEUR should be considered. Once the final bull flag has been completed as marked in my chart with the final bullish bull-flag breakout setup this is going to be the origin of the major wave-E expansion movements toward the upside dynamics, and once this final breakout has shown up it is going to activate the initial minimum target-zone as marked in my chart at 0.5708, above this the second target-zone will be at 0.57382, and the final target-zone will be within the 0.577 level. Thank you everybody for watching my idea about NZDEUR. Support from your side is greatly appreciated. “I always knew I was going to be rich. I don't think I ever doubted it for a minute. ” VP
by VincePrince
2
EURNZD: Continued weakness expectedFundamentals out of the Eurozone last week were not good, in particular the data coming out of France. NZD is looking strong against all crosses at the moment. From a technical perspective this cross has broken out of its channel to the downside, and now broken the ascending trendline on the weekly and looks to have retested it. All things suggest to me that this is going to fall further, I'll be looking to get in on a LTF with a first TP of 1.773 and a second at 1.755, depending on how price reacts to my support box.
Short
by Finchcliffe
5
GBPNZD The massive sell-off can extend below 2.000The GBPNZD pair is on a massive 6-week sell-off that has broken below June's and July's Low. The 1W RSI turned bearish below 45.00 and the next line of Support is the 1D MA50 (blue trend-line). In the past 5 years, every sharp sell-off on GBPNZD has been at least -9%. A potential new such decline gives us a target estimate just below Support 1 (1.97550). That is the target that we will pursue but if the 1W RSI hits the 34.00 Support earlier, we will close it on the market price regardless. The next bounce should hit at least the 0.5 Fibonacci retracement level but that can be calculated after the bottom is formed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDNZD: These Support levels favor a rebound.AUDNZD is almost oversold on the 1D timeframe (RSI = 32.701, MACD = -0.002, ADX = 44.479) hitting yesterday the July 14th Low. The long term pattern started as a Channel Up but recently has switched to a Rectangle. The 1D RSI has been a Rectangle through the whole year and being on its bottom currently, calls for a buy. We are long, targeting the LH trendline (TP = 1.10000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURNZD - Looking For Buy Setups ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURNZD has been overall bullish trading inside the rising wedge pattern in red and it is currently approaching the lower bound / red trendline. Moreover, the zone 1.77 is a strong support. 🏹 So the highlighted red circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. As per my trading style: As EURNZD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom 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
Long
by TheSignalyst
3
AUDNZD Low risk trading strategy.The AUDNZD pair has been neutral as of late, trading within a 1.073350 (Support) - 1.093250 (Symmetrical Resistance) range. The 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) have both been turned into pivots in a peculiar sideways pattern. As long as the Support holds, buy and target 1.091500. On the slightest break and 1D candle close below the Support (thus the low risk), sell and target 1.064500 (Higher Lows trend-line). If it closes a 1D candle above 1.093250, buy the break-out and target 1.101050 (Lower Highs trend-line). As you can see, the long-term pattern is a Triangle, thus the current tighter consolidation. The 1D MACD Bearish Cross last week shouldn't be taken lightly as the historic price action has shown that it delivers larger declines. Thus the 1.064500 target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
NZDUSD to find buyers at previous support?NZDUSD - 24h expiry - We look to Buy at 0.5930 (stop at 0.5899) 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 0.5975 will confirm the bullish momentum. The measured move target is 0.6025. Our profit targets will be 0.6005 and 0.6025 Resistance: 0.5980 / 0.6015 / 0.6025 Support: 0.5950 / 0.5930 / 0.5900 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