NZDSGD at Key Resistance – Will Sellers Step In? OANDA:NZDSGD has reached a significant resistance zone. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in.
The current market structure suggests that if the price confirms a rejection from this resistance, we might see a move lower toward the 0.76670 level , a clear target based on past price behavior and current market structure.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
NZDSGD trade ideas
NZDSGD at Key Resistance – Potential Sell SetupOANDA:NZDSGD has reached a clear resistance zone, an area where price has previously struggled to break through. This level has historically acted as a strong supply zone, making it a key area to watch for potential reversals.
If sellers step in and confirm a rejection from this resistance, we could see a move lower toward the 0.76570 level, which aligns with the current market structure. However, a strong breakout above this resistance could invalidate the bearish outlook and signal further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
NZDSGD - In a Clear Support Zone - Buying Opportunity Ahead?OANDA:NZDSGD is inside a key support zone that has previously acted as a strong demand level, leading to bullish momentum. The recent decline into this area suggests a potential opportunity for buyers to step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would increase the likelihood of an upward move. If buyers regain control, the price may head toward the 0.76630 level. This setup indicates a potential short-term rebound within the broader market structure
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
NZDSGD - Potential Long from Key Support ZoneOANDA:NZDSGD is approaching a key support level that has previously acted as a strong demand zone, leading to bullish momentum. The recent decline into this area suggests a potential opportunity for buyers to step in and push prices higher.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would increase the likelihood of an upward move. If buyers regain control, the price may head toward the 0.76630 level. This setup indicates a potential short-term rebound within the broader market structure
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
NZDSGD - in Resistance zone - Can it get to 0.76700?OANDA:NZDSGD is in a supply zone that has before been an area for bearish reversals.
As of now, the pair is testing this critical region, and based on previous price action, a rejection could potentially drive the price lower toward the 0.76700 level.
But if the price breaks through this resistance, it would invalidate the bearish bias and open up the possibility of a continued upward movement. In that case, you can look for the next key resistance levels for potential targets for bullish continuation.
Keep a close watch on price behavior in this region and use prudent RISK management strategies to navigate the market's uncertainty.
Feel free to share your thoughts or views in the comments!
FOREX: NZDSGD Short made on 4/12/2024. 0 risk holding 1) This is a trade I am holding right now. The entry point is 0.78965. The stop loss was placed on
0.79191.
2) The current risk and reward ratio is 3 and we are still holding it.
3) We have execute of tracking take profit currently as it meets our requirement.
4) We are targeting 0.77834. It is my take profit.
Feel free to ask me anything:)
NZD/SGD Tests and Rejects Key Demand Area, Bullish Sentiment.Over the past three days, the NZD/SGD pair has retested a previous demand area and shown a clear rejection, signaling potential buying interest at this level. The Commitment of Traders (COT) report adds weight to this scenario, revealing that retail traders remain predominantly short, while "Smart Money"—institutional investors—are beginning to edge higher in their positioning.
Large speculators have already turned bullish, reflecting a growing confidence in the New Zealand Dollar (NZD) relative to the Singapore Dollar (SGD). This shift in sentiment could set the stage for a possible long setup, particularly as seasonal trends suggest further upside potential for NZD/SGD.
From a technical perspective, the rejection of the demand zone, combined with the bullish shift in institutional positioning, points to a potential upward move. Traders will be closely monitoring price action in the coming days for confirmation of a breakout, which could present an opportunity to enter long positions in alignment with the emerging bullish sentiment.
✅ Please share your thoughts about NZD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Trading Signal: SELL NZDSGDAttention Traders,
We have identified a lucrative trading opportunity on the NZDSGD currency pair utilizing the EASY Quantum Ai strategy.
Direction: Sell
Enter Price: 0.81603
Take Profit: 0.81456667
Stop Loss: 0.81865667
Rationale for the Trade:
1. Market Trends: Recent analysis indicates a downward trend for NZDSGD, suggesting that selling at this juncture would be beneficial.
2. Resistance Levels: The currency pair has faced strong resistance around the 0.8180 mark, indicating a likelihood of downward movement.
3. Economic Indicators: The New Zealand economy has shown signs of slowing growth, which could negatively impact the NZD, while Singapore's economy remains stable.
4. Technical Analysis: Key indicators such as Moving Averages and RSI are showing bearish signs, reinforcing the potential for a decline in value.
5. Risk-Reward Ratio: With the given Stop Loss and Take Profit levels, this trade setup offers a favorable risk-reward ratio.
Please place your trades accordingly and manage your risk carefully.
Happy Trading!
This signal is generated using the EASY Quantum Ai strategy.
Trade safe,
Your Trading Team
✨ NZDSGD: LTF CURVE ANALYSIS (84m) ✨ (UPTREND - 7:1 R:R) MO at CP
BLO1 @ 0.80794 ⏳
TP1 @ 0.81012 (triggered already - going for 2x)
TP2 @ 0.81294
TP3 @ 0.81473
TP4 @ 0.8200 (PA could go this high before PB)
SLO @ 0.8152 (set a price alert - DO NOT SET ORDER)
🔑
BLO = BUY LIMIT ORDER
LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
NZDSGD ____ INCOMING BEARISH MOVEHello Guys,
I have come up again with a trade idea that's simple and straightforward.
With last week's candle close, we saw price form a CHOCH on the weekly chart. which could indicate that NZDSGD wants to go higher in the long term.
First, just look at the weekly chart where this weekly CHOCH you'd notice why it happened.
With this CHOCH on the weekly chart, price traded into the daily supply order block which "could" be used to form that retracement on the weekly CHOCH.
Follow for more updates like this.
Cheers,
Jabari
NZDSGD ____ INCOMING BULLISH RALLYHello Traders,
I have come with good tidings.
Just like I am bullish on NZDCHF (see analysis below), NZDSGD is looking bullish in the near term.
Price has approached a key demand level and if you know anything about M & W patterns, look at the weekly timeframe for perspective. I expect price to make a retracement from this demand zone which will serve as a retracement on the weekly timeframe.
I am monitoring to see a clear indication that this pair is ready to rally and I would advise you do same. Once I see a clear indication, I will drop into the 1-hour chart for my trade confirmation before going long.
Follow for more analysis like this.
See NZDCHF analysis below
NZDCHF ANALYSIS
Cheers,
Jabari
NZDSGD ____ INCOMING BEARISH MOVEHello Traders,
We have a case where price has retraced into the daily order block and has consolidated for some days now. However, I think NZDSGD is ready for the bearish move.
I will be monitoring the retracement into the indicated region on my chart for an entry in the 1-hour timeframe.
Follow for more updates like this.
Cheers,
Jabari