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NZD

GBPNZD 10/9/23GN super simple and easy make up here, we are looking for the SWL to be taken out from our open moves, i think we will see this low taken within our Monday session now if we don't take this out it wouldn't be a surprised to run our highs above, now i say this because of the size of the range and the lower level of momentum, but still we have a clear lower range move. sell is our bias and until we have a breach of the range we will stick to this sell bias. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
EURNZD 10/9/23EN is sitting within a huge range to the upside, this is overall a bullish range we did last week create a lot of sell side movement to towards our POI but we never broke out of our range and since have pushed up create a very clean trend liquid area which could give price a clear area to aim for, as it stands iam not really interested in trading the swing range as it has really over reached the POI we wanted to buy from so with this in mind il only be looking for SE moves to give us more of a cue as to what we will do next, we are looking to target our high but really we are a long way off as we stand. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
NZDCAD: Curve Analysis (2W)📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also sloping downwards, which further supports the bearish trend. 📉 Price Action (PA) is currently reacting from Resistance @ 0.8075 📈 The next support level for NZDCAD is around 0.7930. If the price breaks below this level, it could decline to 0.7760 or even lower. However, if the price bounces off the first support level, it would be an odds enhancer that Price Action has returned to its BIG PICTURE uptrend. ✍️ Overall, the technical analysis for NZDCAD is bearish. The descending triangle pattern suggests that the price is likely to continue to decline. Since this is highly probable, I have a pending BLO @ 0.7950. ⚠️ HIGH RISK OPPORTUNITY SSO @ 0.8050 TP @ 0.7955 BLO @ 0.7950 If the CAD News @ 08:30 ET / 05:30 PT proves to be strong, then we'll experience the downtrend that appears to be on the horizon for this pair.
Long
by ProfessorCEWard
EURNZD 3/9/23Honestly a very clean sell side swing from EURNZD so looking forward to this possibly giving us a tap in, now mainly iam looking for a bullish run early on this week which could be given to us by the C-swing at our SWL base, its given us very clean POIs to work with along with heavy amounts of liquid to serve up for seller and buyer! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPNZD 3/9/23Another move giving us a bias due to news, now of course we are already looking at this with a sell side in mind now we have a range we are looking to get a tap in to follow said direction. We have a refined 3 min POI for this swing so as we said about USDJPY we are going to follow but with a more refined and less exposed entry method. high levels of liquid have been built on both sides of the market including above structure which will give price a nice reason to push back to our entry zone. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
More correction of EurNzd should be coming **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
GBPNZD Starting to turn into a buy again.The GBPNZD pair has been trading within a Channel Up pattern since the start of the year and 10 days ago started its technical correction after the new Higher High. The price hit the middle of the pattern and as the 1D RSI touched its Higher Lows trend-line, the conditions for the new buy emerge again. We are placing the first buy of this sequence now and if the price drops more we will enter a second (and final) on the 1D MA50 (blue trend-line) potentially at 2.1000. For both positions, the target is 2.18000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURNZD posted a daily bearish engulfing.EURNZD - Intraday The bearish engulfing candle on the daily chart is negative for sentiment. The trend of lower highs is located at 1.8345. We look for a temporary move higher. We are trading at overbought extremes. Bearish divergence is expected to cap gains. We look to Sell at 1.8343 (stop at 1.8393) Our profit targets will be 1.8223 and 1.8193 Resistance: 1.8220 / 1.8280 / 1.8330 Support: 1.8170 / 1.8125 / 1.8100 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.
Short
by OANDA