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NZD

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
NZDJPY to move higher from doji?NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Further upside is expected. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 89.50 will confirm the bullish momentum. We look to Buy at 89.15 (stop at 88.83) Our profit targets will be 89.95 and 90.00 Resistance: 89.50 / 89.95 / 90.00 Support: 89.25 / 89.15 / 89.00 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.
Long
by OANDA
NZDUSD Channel Down still holding. Prime short here.The NZDUSD pair hit the 0.60500 target (see chart below) we set on our most recent call (October 27): As you can see, the price extended even higher to the top (Lower Highs trend-line) of the 12-month Channel Down where it has so far been rejected. This is technically the most optimal level to sell, as long as the trend-line holds of course. We are taking this opportunity and will target 0.57750 (Support 1). If however the 1D RSI hits the 30.00 oversold level before the target is materialized, we will take profit regardless, as this will be a sign of a potential bottom. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse. We're expecting NZD strength so we can assume that NZDCAD has bottomed out. Trade Idea: - Watch for BOS, trendline break or reversal pattern on lower timeframe - invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level - Targets: 0.85 (500pips), 0.88 (800pips) Goodluck and as always, trade safe!
by WicktatorFX
2
EURNZD play the reversal if permitsHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bouncing around at the daily key level. watching for breakout of this consolidation to give me direction! My EUR index also indicated that it is at a key level to hold as a currency. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
EUR/NZD LONG (short-term)The EUR/NZD exchange rate is currently trading in a downtrend. The currency pair has been forming lower highs and lower lows since June 15, 2023. The RSI is also in a downtrend, which suggests that the selling pressure is likely to continue. Traders who are looking to buy the EUR/NZD exchange rate could consider doing so at the current levels. However, traders should be aware of the risks involved, including the possibility of further weakness in the currency pair.
Long
by Tradonaut
GBPNZD to turnaround at current support?GBPNZD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 2.0430. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 2.0500 will confirm the bullish momentum. We look to Buy at 2.0440 (stop at 2.0380) Our profit targets will be 2.0590 and 2.0620 Resistance: 2.0500 / 2.0530 / 2.0550 Support: 2.0430 / 2.0400 / 2.0380 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