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Nzdshort

EURNZD - All Confluences Pointing To Bullishness!Analysis: Strong upwards trend (bullish bias) Retest of a key level (bullish bias) 50% fib retracement touch (bullish bias) Upwards trendline touch (bullish bias) EUR strongest major currency (bullish bias) NZD 5th strongest major currency (bullish bias) 40K long position increase for the EUR (bullish bias) 2K short positions increase for the NZD (bullish bias) Comment: All of the confluences factors that we pay attention to are pointing to bullishness on this pair which is why we have a overall bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
18
NZDJPY - Is The Bearish Run For The JPY Finally Over?Analysis: Bearish Confluences In a downwards trend Retest of a key level Fakeout of downwards trendline 1K long position increase for the JPY 12K short position decrease for the JPY Bullish Confluences NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency 3K short position decrease for the NZD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
6
GBPNZD - Is The GBP Strength Coming To An End?Analysis: Bullish Confluences In an upwards trend Retest of a key level 50% fib retracement touch Upwards trendline touch GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency 25K short position decrease for the GBP Bearish Confluences 30K long position decrease for the GBP 3K short position decrease for the NZD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
GBPNZD - A Breakout Of The Range?Analysis: Taking a look at the charts we can see that price looks slightly choppy and like we're stuck in a range, however a trade has setup that is in accordance to our plan so we're taking it. Although price is in a range we can see that price is still heading to the upside slightly. We also have an upwards trendline which confirms that we are actually in an upwards trend. This means that we're only looking for long positions. We had some news that came out for the GBP this morning which was slightly negative causing an overreaction and price pulled back to an area that we're interested in. Whilst this news was negative we don't see this news event as that important and we also have a lot of other confluences pointing to bullishness so we don't really care about this small thing going against our idea. Whilst the area that we have marked out might not seem like an obvious level, to us it looks like a great place to enter at. We've seen this level hold in the past so we expect that it could hold again making it a possible support level, however this isn't the main reason why we like this level. The driving factor for why we have this area that we marked out is because of the added confluences which are lining up with. Firstly we have the 50% fib retracement level which we expect buyers to be sat at wanting to push price higher meaning that this favours our bullish thesis. Another confluence that we have is the upwards trendline. When we've seen this trendline be touched before we've seen it be respected and price has then made a move to the upside. Trading is all about history and patterns as they repeat themselves, so if this has happened in the past then its likely that this will happen again giving us another reason to be bullish especially from this area. The final technical confluence we have is the candle that we saw on Friday. We saw strong bullish momentum and we were expecting this to continue this week however after the news came out, price dropped back to our area of interest. Like we've said already we think that this is an overreaction so we expect to see the bulls step in again and push price higher, going in favour of our bullish thesis. Fundamentally as well the GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency so this massively goes in favour of bullishness on this pair. Taking a look at the COT data as well we saw an increase of 18K short positions and an increase of 24K long positions on the GBP, which is bullish, again favouring the long side. For the NZD however this is the opposite. We saw a decrease of 100 long positions and an increase of 2K short positions, indicating possible bearishness for the NZD, which goes in favour of our overall bullish thesis. We have the fundamentals pointing to bullishness and we have a strong place to enter from which is why we are bullish on this pair and expect to see a continuation to the upside. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
14
NZDUSD - The Bears Are Stepping In!Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price has pulled back to an area that we're very interested in as its held multiple times in the past signifying that it is a strong area and we have other confluence factors at this level too to back up this setup. To add to this idea we've seen the rejection of the 61.8% fib level showing that the sellers have stepped into the markets which helps with our idea. We've also seen the rejection of the downwards trendline just as we expected would happen. This shows that the bears are in control of the market, indicating that there should be more bearish momentum on the horizon which goes with our idea. So technical wise we have a very good reason and bias to the short side but we don't just look at the technicals so taking a look at the fundamentals too, we see that we also have these on our side. Firstly we have the USD which is the 2nd strongest major currency compared to the NZD which is the 4th strongest major currency so this is already pointing to be bearish on NZDUSD but looking further to add more confluence we also see that the USD had a decrease in long positions and a huge decrease in short positions by institutions so overall this is looking bullish for the USD whereas for the NZD we saw a small decrease in short positions but a larger decrease in long positions by institutions which is a bearish indication. Overall we have multiple confluences lining up signalling to us to be shorting the NZDUSD which is why we have a bearish bias on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
34
EURNZD - And The Trend Continues!Analysis: This is another setup that to us looks highly probable. Firstly price has been in this long term upwards trend, although recently we did see this trend break, however that was a fake out, and price has now continued the upwards trend so know this we're only looking to go long on this pair. The level where price is currently sat at is also a key level for multiple reasons. Firstly its been tested multiple times and has shown strong momentum from the level so we expect this to happen again. It is also around the 1.75000 psychological level which we expect some support from meaning that we already have the start of a great setup. To add to this setup we also have the 50% fib retracement level which is lining up exactly with our area so this give us more confidence as we expect that buyers will be sat at this area making it more likely that our level will hold. We've also got a long term upwards trendline which has been respected multiple times and has caused momentum so we anticipate that this will happen again. Fundamentally as well the EUR is the strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour by a lot. The EUR recently did have a decrease in long positions and an increase in short positions but so did the NZD so this is why we are bullish on the EUR when it comes to EURNZD, giving us our overall bullish bias. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
2
NZDCAD - Oil Price On The Rise, Could Mean A Bullish CAD!Analysis: Firstly just by looking at the charts we're able to tell that price is in a downwards trend. We've seen a series of lower lows and lower highs being formed confirming that we are in this downwards trend. We're now approaching a key level that has held as support and resistance multiple times so we expect this to happen again this time around. To add confluence to our area price is about to touch the 50% fib retracement level which we expect sellers to be sat at wanting and willing to enter into short positions pushing price down further. For more added confluence even though our trendline isn't at the area we're interested in it is still key as it shows that price is respecting this downwards trend that we're in, signifying that price is likely to hold the level we're at currently. Fundamentally the NZD is the 4th strongest major currency where as the CAD is the 2nd weakest major currency. This fundamentally really doesn't look good for our setup however if we dig a little deeper we'll see why we actually favour the CAD over the NZD. We have a speculation that oil prices will soon be on the rise again. Now why does this matter? Well Canada is the 4th largest oil distributer in the world meaning that the CAD is very often correlated to oil prices. If we see oil prices rise then so will the CAD. With our speculation on oil it starts to show early signs of a bullish CAD which is why we are bearish on NZDCAD both technically and fundamentally as well. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
AUD/USD - Sell First of happy Thursday, Blessing to all and family. This is long term sell, still no confirmation of a entry. Markets love to play and pump fake, this for patience and understanding. Due to counter trend line breakage, sign of an entry. Yes, it was a short term buy, until sellers came into market. Trade what you can afford and don't be afraid to lose, despite of your long beginning. Peace and Positivity for everyone who choose to see my perspective, not saying I 'am 100% Correct, just saying anything is possible.
Short
by NocapJp
NZDUSD to find sellers at previous support?NZDUSD - 24h expiry Previous support located at 0.6300. Previous resistance located at 0.6325 There is no indication that the selloff is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6325 (stop at 0.6355) Our profit targets will be 0.6255 and 0.6250 Resistance: 0.6325 / 0.6350 / 0.6375 Support: 0.6300 / 0.6250 / 0.6225 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
NZDUSD to see a temporary move higher?NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6265) Previous support located at 0.6200. Previous resistance located at 0.6220. Further downside is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 0.6175 and 0.6150 Resistance: 0.6220 / 0.6240 / 0.6250 Support: 0.6200 / 0.6175 / 0.6150 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
NZDUSD trend of higher lows has been broken.NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6270) Previous support located at 0.6200. Previous resistance located at 0.6225. The trend of higher intraday lows has also been broken. Risk/Reward would be poor to call a sell from current levels. Further downside is expected. Our profit targets will be 0.6175 and 0.6150 Resistance: 0.6225 / 0.6240 / 0.6250 Support: 0.6200 / 0.6175 / 0.6150 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
NZDCAD - Uptrend to Downtrend?Hi, Little while since my last fx post! Here we see NZDCAD has followed an up trend from the 28th of Feb until the 20th March. We can see this as it has continually formed higher highs and higher lows through "Channel A" I have been trading on these areas, however when a new lower low formed, this signalled that the uptrend had run its course. The new lower high on the 23rd March was formed, it confirmed a downtrend was beginning. I placed a trend line across the latest higher and lower high to help create an idea of the channel it will follow. This is "Channel B" Alternatively it may still hit the level of resistance as the previous lower Low did. This could mean it would follow through to channel C with little movement through where A and B cross. The trade set up on the chart isn't a trade I have placed, it just gives an idea. Once confirmed, I will start trading on the movement! This is just my own idea, nothing is black and white. Let me know what you think Thanks
by HBSPG
NZDCHF 1st try A short Trendline break confirms a SELL signal !Our first Major Target comes in at over 7.5r We are often asked what the concept of R or R:R means. Simplified it means for ever $100 RISKED we are looking to get back 7.5 times more, so therefore in the case of this trade we are looking for $750 for each $100 dollars that we are risking. Feel free to send us any of your questions that you have we are here to help and share our knowledge! =========================================================================================================================== NZDCHF 1st try A short Trendline break confirms a SELL signal! Great risk to reward potential on this idea will enable us to take another shot at this trade if it fails after a SELL SIGNAL Check out our other trade posted today. We are still short NZDJPY. We are long JPY overall. =========================================================================================================================== Subscribe to this channel and follow this trade idea and others that we post if you are SEEKING PIPS! ===========================================================================================================================
Short
by seekingpips
Selling into NZDJPY positive momentum?NZDJPY - 24h expiry - We look to Sell at 85.00 (stop at 85.75) Previous support located at 84.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. A move through 84.00 will confirm the bearish momentum. Our profit targets will be 82.50 and 82.00 Resistance: 84.50 / 85.00 / 85.50 Support: 84.00 / 83.00 / 82.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
[ALERT] Correction Imminent On NZDCAD ??This pair has been on a near 9 week bulllish run and fast approaching a untested Monthly SUPPLY/SELL zone just above 0.85 you should now look for a correction down towards the last swing high in the previous down leg around 0.82 though it may drop down to 0.80 before heading back up and going the higher levels of the Monthly SUPPLY/SELL zone. So I am now looking for a 4hr or above on my custom indicator to catch this first correction down towards 0.82 or below. I will post updates when the trade is triggered. Don't forget to boost and follow me for updates
Short
by TheFxAce
8
Will the NZD rally or reverse after the RBNZ rate decision? The NZD/USD has been on an uptrend since mid-October. However, this rally may be on a temporary halt as the pair hits the upper trend line on its downward channel, as shown below in the daily timeframe chart. For now, the long-term downtrend, since the start of the year, is still intact and could signal a possible reversal for the short-term rally for the New Zealand dollar. Fundamentals will be playing a huge part in the direction of the NZD/USD this week. The market is showing some risk aversion due to renewed lockdown worries in China and a possibility that the US Federal Reserve will not let up on its aggressive tightening cycle in the upcoming FOMC meeting. The focus for now, however, is the interest rate decision from the Reserve Bank of New Zealand (RBNZ) this Wednesday. Markets are widely expecting a 75-basis-points hike, but a 50-basis-points hike is still entirely possible, thus some volatility might be injected in the markets if expectations are not met. Back to the technical perspective, there is a double top formation with a gravestone Doji candle as the price fails to create a higher high above the 0.62000 area in the 4-hour chart. Using the Extreme Trend Reversal Points indicator (ETRP), we can identify if there is a probable reversal in this zone before the RBNZ rate decision. The triangle arrow from the ETRP signals that a possible reversal may happen in this area. However, considering the moving average, which is color-coded according to the trend strength, which is mainly green for extreme bullish, lime for bullish, silver for range, orange for bearish, and red for extreme bearish, is still indicating that the trend is still bullish. Traders who are looking for a sell signal confirmation could wait for the ETRP to change its moving average color to bearish before considering an entry.
N
by BlackBull_Markets