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Nzdweakness

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
AUDNZD - Bullish Long Term & Short Term Trend?Analysis: Looking at the charts we can clearly see that price was in an upwards trend. We've seen price form higher highs and higher lows, until recently when we saw this trend change and price started to make a move to the downside. In our opinion price is still in a long term upwards trend, however the short term trend was to the downside, but we are actually bullish on this pair for a number of reasons. The first one being that we are at the 61.8% fib retracement level which is often classed as the strongest fib retracement level, so we have strong reasoning on why we think that buyers will step in at this level and push price higher. To further add to our bullish thesis, at this area we also have a strong level of support. Looking back in the past we've seen price reach this area previously and consolidate showing that this is a pretty strong level, and another reason on why we think buyers will step in here, but these aren't the only confluences we have to back our idea up. Price is forming a long term ascending triangle which is a bullish chart pattern, meaning that we expect price to be bullish and head to the upside which favours our idea. The bottom trendline for this pattern also lines up with our area of support and the 61.8% fib retracement level, so this is now looking like a very strong level to enter at. Finally for the technicals, we saw price respecting this short term downwards trendline until recently. Price was able to break out of this downwards trend signalling to us that the bears are no longer in control and it's time for the bulls to step in and push price higher. Again this favours our bullish thesis. Looking at the fundamentals as well we see that the AUD is the 6th strongest major currency whereas the NZD is the 5th strongest major currency. Whilst this doesn't go in our favour, there isn't a massive difference here and this also isn't the full picture. Taking a look at the COT report, we see that the AUD stayed pretty neutral with roughly the same decrease in long and short positions, however this isn't the same for the NZD. In fact we saw a big increase in short positions which signals to us that there is weakness to come for the NZD. Again this would be bullish for this pair. Overall almost everything we pay attention to is pointing to bullishness on this pair and with such a great opportunity setting up we have a great setup on our hands which is why we are bullish on AUDNZD. 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
30
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
NZDUSD - A Deep Pullback Or A Breakout?Analysis: We took a trade on this pair the other day but we ended up getting stopped out due to the bearish news that came out for the USD however we're going to take another shot at NZDUSD. We are still bearish on this pair because we're still in a downwards trend. We haven't formed a higher high yet which confirms that we're still in a downwards trend. Price has pulled back a fair bit but we see this as a deep retracement and a great shorting opportunity. We're currently at a key level which has held multiple times so we expect it to hold again. For more confluence at our area we also have the 61.8% fib retracement level which is often seen as the strongest fib level so we have more confidence that this level will hold and that this is where the bears will take back control. Another confluence factor that we have is the downwards trendline. This trendline has held multiple times before, causing huge rejections so we expect that this will happen again which is a positive for this setup. Fundamentally the USD is the 2nd strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour to be on the short side of NZDUSD. For more fundamental confluence we have an increase in both long and short positions on the USD by institutions which is pretty neutral whereas for the NZD we didn't really have an increase in long positions but we did see an increase in short positions by institutions so this is yet another confluence on why we want to be shorting this pair. We have had some bearish news come out recently for the USD however on Wednesday when Fed Powell testifies we could see some bullishness coming back to the USD. If the market gets any reasons to go long on the USD then we would see this pair drop and with all of the technicals and fundamental analysis we've done we think that we'll see the bulls step back in on the USD which is why we are currently bearish on NZDUSD despite the current market conditions. 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
26
NZDUSD - Will The USD Rally Continue?Analysis: From the charts we're clearly able to tell that price is in a downwards trend, showing us that we want to be shorting this pair only. Last week we saw a break of this key level and we're now seeing that same level get retested for resistance and there is a good chance that this area will hold. For added confluence we have a long term downwards trendline which has been respected multiple times, this gives us more confidence that price is in a downwards trend still. At our area we also have the 50% fib retracement level which we could expect sellers to be sat at wanting to push price down which again works in our favour. Fundamentally the USD is the 2nd strongest major currency pair making it very attractive to buy. The USD also has been on a rally recently showing that the bullish momentum is there. The NZD however is the 4th strongest major currency pair so when we compare the USD to the NZD we have more of a bias to be bullish on the USD then the NZD which goes in our favour for this setup. 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
8
NZDJPY 1:3 Risk Reward SHORTNZDJPY SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short News Outlook: JPY - "Japan's economy grew faster than estimated in Q4" - "Japan's household spending rises 2.0% in January, up for second month" NZD - "NZ trade deficit hits $791m in Jan - double expected figure" - "Higher living standards, slower economy: Expert's take on CGT" - "Economy Hub: Business gloom getting worse - new EMA chief" Message me to see how i get the fundamental scores!
Short
by Eren_Jaeger_Trader
1
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :) My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar. Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness. Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.
Long
by FractalEyeZ