Kiwi
✨ 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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NZDUSD H4 | Bearish momentum for Kiwi?NZDUSD is one of the worst-performing currencies today. Could momentum carry it down towards our take profit target after hitting the sell entry? Wait for breakout confirmation prior to entering the trade.
Entry: 0.61476
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.61715
Why we like it:
There is an overlap resistance
Take Profit: 0.61118
Why we like it:
There is an overlap support that sits under the 50.0% Fibonacci retracement
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.
Looks explosiveGBP is trending higher against almost al pairs, in this case is forming a bullish flag. You can open a small position now, if it drops open another. I very unlikely that the pair breaks down the support. I don't have a TP, I would let it rip. My SL would be if a daily candle closes below the support breaking it.
POTENTIAL NZDUSD INTRA DAY LONG OPPORTUNITYHEY EVERYONE! HOPE YOU GUYS ARE HAVING A BLESSED AND PROSPEROUS WEEKEND!
I just wanted to come on here and share an intra-day intra-week opportunity here in NZDUSD. This setup is technically going to be a counter flow/ counter trend setup then the higher TF but it is worth sharing because of what price action did towards the end of last week. So lets dive in!
OK. So looking at NZDUSD we can see on the 1D timeframe it is currently bearish maintaining lower highs and lower low structure sequences. But the lower TF now seems to be shifting to a temporary bullish trend. last week we saw price action come down to make new lows then immediately shoot up breaking structure LH(lower high) on the 1H timeframe. Because this is bearish still on the 1D timeframe I held off to post this until I saw a new break higher to form a new higher high to confirm the hourly new bullish shift while being a pullback on our higher TF. Nonetheless there is great opportunity here for a intra-week trade to the upside into daily supply and structure resistance for a 3rd push on this hourly. Just to share I am long term believing, based on price action that we will see a large, longer monthly timeframe push to the upside but for now it is bearish on the daily and until it breaks above that we have to respect those levels until it does so. So lets look for some relief on this pair to the upside into those structure and supply levels for a potential few hundred pips for the week!
Cheers guys!
P.S. I HAVE A FEELING PRICE MAY TRY AND TAKE OUT SOME LOWS BEFORE GOING TO UPSIDE SO BE PATIENT AND WATCH FOR THOSE HOURLY BULLISH PLAYERS TO RETURN.
🔥 MODIFICATION: NZDJPY 🔥 SWING TRADE 🔥Our technical analysis of NZDJPY is still in play. The pair has been in a downtrend for the past few months and has recently reached a Supply Zone (SZ) at 86.60 on the 15-hour chart. This SZ suggests that there is strong selling pressure at this level, and it is likely that the pair will continue to decline. The next resistance level is at 86.80, and if this level is respected, then we have a huge opportunity to capitalize on this downside pressure.
Resistance @ 86.80
Supply Zone @ 86.60
SSO2 @ 86.15 📉
SSO1 @ 85.15 📉
TP1 @ 84.35 (shaving 25%)
TP2 @ 83.66 (shaving 50%)
TP3 @ 82.33 (closing ALL Sell Orders)
BLO1 @ 82.00
BLO2 @ 81.25
-SL @ 80.85 🚫
NZDUSD H4 | Approaching 61.8% Fibo resistanceNZDUSD could rise into a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 0.61872
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level
Stop Loss: 0.62368
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level
Take Profit: 0.61118
Why we like it:
There is an overlap support
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.
NZDUSD H4|Rising into 61.8% Fibo resistance?NZDUSD is rising into an overlap resistance that sits just above the 61.8% Fibonacci retracement level. Price could hit the sell entry at 0.61884 and potentially reverse to drop lower. Take profit is at 0.61142 which is an overlap support. Stop loss is at 0.62346 which is an overlap resistance that aligns with the 78.6% Fibonacci retracement level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD H4 | Overhead resistance for Kiwi?NZDUSD could head into an overlap resistance that sits just above the 38.2% Fibonacci retracement level. Price could hit the sell entry at 0.61142 and potentially reverse to drop lower. Take profit is at 0.60438 which is an overlap support at the recent swing-low. Stop loss is at 0.61884 which is an overlap resistance that sits just above the 61.8% Fibonacci retracement level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD H4|Kiwi running into 38.2% Fibo?NZDUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 0.61118
Why we like it:
There is an overlap resistance that sits above the 38.2% Fibonacci retracement level
Stop Loss: 0.61851
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level
Take Profit: 0.59939
Why we like it:
There is an overlap support at the recent swing-low
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.
NZDUSD, D1 | Reversal off key resistanceWe're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection.
It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower.
A reversal from here could see prices potentially drop all the way down to our major support at 0.5749 which also happens to be a 78.6% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDUSD H4|Kiwi running into resistance?NZDUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 0.61118
Why we like it:
There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 0.61851
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level
Take Profit: 0.59939
Why we like it:
There is an overlap support at the recent swing-low
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.
NZDUSD H4 | Heading into resistance?NZDUSD could head into an overlap resistance that sits just above the 38.2% Fibonacci retracement level. Price could hit the sell entry at 0.61159 and potentially reverse to drop lower. Take profit is at 0.59925 which is an overlap support at the recent swing-low. Stop loss is at 0.618573 which is an overlap resistance that sits just above the 61.8% Fibonacci retracement level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
✨ NZDCHF...UT ✨ Swing Trade ✨✨ NZDCHF...UT ✨ Swing Trade ✨
- SL @ 0.5300 🚫
BLO @ 0.54421 ⌛️
BSO @ 0.57441 ⌛️
TP1 @ 0.62380
TP2 @ 0.70565
TP3 @ 0.75736
Current Opportunity
Our team foresees a notable downtrend retracement for DXY, leading to a bullish stance on NZDCHF. Our strategy involves partially reducing our position by 25% at the first and second take profits, ultimately closing the entire position upon reaching our third take profit.
Big Picture
Following the projected downward retracement, we anticipate DXY to sustain its upward momentum, which is expected to extend the bearish trend of NZDCHF in the long term. As we approach TP3, we will provide an update regarding a potential short position.
Happy Trading!!
NZDUSD H4 | Overhead resistance for Kiwi?NZDUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 0.60967 and potentially move lower from here. Our stop loss will be at 0.61306 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 0.60251 which is a recent swing-low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDCAD 29/MAY/2023The Reserve Bank of New Zealand (RBNZ) recently made a decision to raise interest rates. Normally, when a country raises its interest rates, it tends to strengthen its currency. in this case, the opposite happened in this situation. The price of the New Zealand dollar actually went down because of a dovish statement from the RBNZ. A dovish statement means that the central bank (RBNZ) expressed concerns about the economy uncertainty, causing it to decline in NZD value against other currencies.
NZDCAD has formed a bearish channel, which suggests a downward trend in the NZD's value. Given the support area and the bearish channel, there is a possibility that the price of the New Zealand dollar will rebound or increase in value in the near future. Traders and investors will be closely watching this support area to see if the NZD's price bounces back from there. There are several geopolitical, economic, and fiscal policy issues that could potentially impact the rebound of the New Zealand dollar and even push it to drop further. These factors are particularly relevant in light of the dovish statement from the RBNZ.
Geopolitical events, such as trade disputes, political instability, or global conflicts, can have a significant impact on currency values. If there are geopolitical tensions or uncertainties that affect New Zealand's trade relationships or create instability in the region, it could put downward pressure on the New Zealand dollar.
Economic factors also play a crucial role. If there are indications of a weakening New Zealand economy, such as lower-than-expected GDP growth, rising unemployment, or a decline in consumer spending, it could negatively impact the NZD's value. If there are concerns about inflation exceeding expectations or a deterioration in the overall economic outlook, it could lead to a further decline in the currency.
Fiscal policy decisions by the New Zealand government can also influence the currency. If there are indications of expansionary fiscal policies, such as increased government spending or tax cuts, it could stimulate economic growth and potentially support the New Zealand dollar. Conversely, if there are concerns about fiscal austerity measures or a lack of government support for the economy, it could undermine the currency's rebound.
Furthermore, any additional dovish statements or actions from the RBNZ could reinforce the downward pressure on the New Zealand dollar. If the central bank continues to express concerns about the economy, hinting at further interest rate cuts or unconventional monetary policy measures, it could erode market confidence and lead to a deeper drop in the NZD's value.
The currency market is influenced by a complex interplay of various factors, and predicting its movements with certainty is challenging. Traders and investors should carefully monitor geopolitical developments, economic indicators, and fiscal policy decisions, along with any further statements from the RBNZ.
NZDUSD H4 | Kiwi rising into resistance?NZDUSD could rise towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 0.60974 and potentially move lower from here. Our stop loss will be at 0.61263 which is an overlap resistance. The take profit level will be at 0.60429 which is a recent swing-low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.