NZD
NZDJPY to see a fakeout?NZDJPY - 24h expiry - We look to Sell at 88.25 (stop at 88.75)
Broken out of the wedge to the downside.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 87.50 will confirm the bearish momentum.
Short term RSI has turned negative.
Our profit targets will be 87.05 and 86.85
Resistance: 88.00 / 88.25 / 88.50
Support: 87.50 / 87.25 / 87.00
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GBPNZD: Important Breakout 🇬🇧🇳🇿
Update for GBPNZD.
The price successfully broke and closed above the neckline of a cup & handle pattern
on a daily time frame.
It is a very important bullish signal.
Taking into consideration that the market is trading in a long-term bullish trend,
probabilities are high that the pair will keep growing soon.
Next goal - 2.096
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NZDUSD, Channel price action.NZDUSD / 1D
Hello Traders, welcome back to another market breakdown.
NZDUSD is trading inside a channel on the daily time frame. Channels are another type of trading ranges where traders buy low and sell high.
I'll be looking for a long position bellow then sell short above as the plan suggets. The levels are showen inside the chart.
Trade safely,
Trader Leo.
NZDUSD Potential downsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD 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.
🔥 NEW: GBPNZD ✨ AGGRESSIVE TRADE 🔥-SL @ 2.0930 🚫
SSO1 @ 2.0795 ⏳
SSO2 @ 2.0525 ⏳
TP1 @ 2.0000 (shaving 25%)
TP2 @ 1.9566 (shaving 25%)
TP3 @ 1.9250 (shaving 25%)
TP4 @ 1.8750 (closing ALL Sell Orders)
Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair.
NZDUSD to extend losses?NZDUSD - 24h expiry - We look to Sell a break of 0.6150 (stop at 0.6180)
Trend line resistance is located at 0.6175.
We expect a reversal in this move.
A move through 0.6150 will confirm the bearish momentum.
Short term RSI has turned negative.
The measured move target is 0.6075.
Our profit targets will be 0.6075 and 0.6050
Resistance: 0.6175 / 0.6200 / 0.6225
Support: 0.6150 / 0.6100 / 0.6075
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURNZD - COULD BE A GOOD BUY NOWHey Traders!
I believe this could be a good buy for the following reasons:
- The current price is above the monthly pivot level
- Strong bullish engulfing candlestick 4h close
- Strong break of 20 moving average
- Overall market direction is bullish
- Likely going to re-test the previous psychological level, if broken will go further
- EUR & NZD are currently being sold off by hedge funds.
Peace traders! :)
AUDNZD: Classic Bullish Reversal 🇦🇺🇳🇿
AUDNZD was steadily falling within a channel.
Once 1.082 support was reached, the market started to consolidate
within a horizontal range.
During the Asian session, bulls manage to break the resistance of the range
and the upper boundary of the channel.
It is a very important indicator of the strength of the buyers.
I expect a pullback to 1.0884
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✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE
00:00 Intro
00:52 DCA Entries, TPs, SLs
03:48 Technical Analysis for Novices
08:20 Technical Analysis for the Pros
10:55 BIG PICTURE (21D)
12:27 Boost, Follow, Comment, Join
-SL @ 90.00 🚫
SLO2 @ 89.33 ⏳(21D)
SLO1 @ 89.00 ⏳ (2D)
SSO @ 88.33 ⏳ (2D)
TP1 @ 87.80 (shaving 25%)
TP2 @ 86.80 (shaving 25%)
TP3 @ 86.15 (shaving 25%)
TP4 @ 84.90 (shaving 25%)
TP4 @ 1.1475 (closing ALL Sell Orders)
TECHNICAL ANALYSIS
A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure.
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✨ NEW: NZDJPY ✨ BIG PICTURE (14D) ✨🗣 SHOUT OUT TO @Vick_NZ for recommending I re-analyze this pair.
-SL @ 94.50 🚫
SLO @ 89.33 ⏳
TP1 @ 79.75 (shaving 25%)
TP2 @ 71.50 (shaving 25%)
TP3 @ 65.50 (shaving 25%)
TP4 @ 56.25 (shaving 25%)
SUPPORT @ 54.00
BLO @ 48.55 ⏳
BLO2 @ 77.85 ⏳
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NZDJPY possible bounceAfter the failure of a previously established supply zone, price preceded to form liquidity at the top of market structure. It then retraced and retested an established demand zone, expanding away with momentum. This lead to a break of structure, which confirms our continuation to the upside. This has now presented a potential opportunity to enter long on demand zone that has currently formed and awaits mitigation.
AN fast up come with fast down,short until it turns
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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!
GBPNZD: Trend-Following Trading Setup
GBPNZD formed a classic cup & handle formation.
The market is trading in a long-term bullish trend.
The neckline of the pattern is the only obstacle for the buyers now.
Its breakout will initiate a trend-following movement to new highs.
Daily candle close above 2.075 will confirm the violation.
A bullish continuation will be expected then to 2.085
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NZDUSD to continue in a move lower?NZDUSD - 24h expiry
Previous support located at 0.6175.
Previous resistance located at 0.6200.
Trend line support is located at 0.6150.
A lower correction is expected.
A move through 0.6175 will confirm the bearish momentum.
We look to Sell a break of 0.6175 (stop at 0.6205)
Our profit targets will be 0.6100 and 0.6075
Resistance: 0.6200 / 0.6220 / 0.6240
Support: 0.6175 / 0.6150 / 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.
NZDCAD: Sell signal after the 1D Death Cross.NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern.
Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting the bottom of the Megaphone (TP = 0.8000).
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NZDJPY to 0.895 obviouslyAnd yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways.
Hey Traders! 👋
For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago
Technicals: (update to tagged idea)
- 0.97 pivot area successfully rejected
- Made an impulse move to 0.882
- Expecting long signals around current level
- Target remains 0.895
- Invalid if 0.868 is breached
That's it for today.
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NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry
Previous support located at 87.50.
Previous resistance located at 88.00.
There is no clear indication that the upward move is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.00 will confirm the bullish momentum.
We look to Buy at 87.05 (stop at 86.5)
Our profit targets will be 88.25 and 88.50
Resistance: 88.00 / 88.35 / 88.50
Support: 87.50 / 87.00 / 86.50
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 stall at previous resistance?NZDUSD - 24h expiry
Previous support located at 0.6125.
Previous resistance located at 0.6175.
Trend line support is located at 0.6100.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.6200 (stop at 0.6230)
Our profit targets will be 0.6125 and 0.6100
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.
NZDUSD Breakout and potential retraceHey Traders, In today's trading session, we are closely observing the NZDUSD currency pair for a potential selling opportunity around the 0.61650 zone. NZDUSD has been trading in an upward direction, but recently it broke out of that uptrend. We are now patiently waiting for a correction to occur, which could indicate a possible retracement of the overall trend leading to lower levels.
To further solidify our analysis and gain a clearer understanding of the Federal Reserve's stance on interest rates, we are also keeping an eye on tomorrow's Fed speech. This event will provide more insights into the intentions of the Fed regarding interest rates. By considering this information, we can enhance our understanding and confirm the bias in our trading strategy.
Trade safe, Joe.