NZDUSD 🥝 Hello Traders,
this is my trading idea for FX:NZDUSD .
Looking for a long position to fill some
Target 0.627-0.628
Kiwi
NZDUSD Trading The IH&SIn this update we review the recent price action in the NZDUSD and identify the next high probability trading opportunities and price objectives to target
Unfilled price imbalance on weeklyNZD is likely to fill price ineffciency / imbalance to the downside on weekly. It is also at resistance / former support which coincides with Kumo cloud resistance.
FOR EDUCATIONAL PURPOSES ONLY.
Joe Gun2Head Trade - EURNZD Stalling at 78.6% Fibonacci level.Trade Idea: Selling EURNZD
Reasoning: EURNZD Stalling at 78.6% Fibonacci level.
Entry Level : 1.7238
Take Profit Level: 1.7014
Stop Loss: 1.7309
Risk/Reward: 3:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FX Forecast March 3rd 23Grea day in the markets AGAIN!
In this video we cover a few pairs and positions that have presented today after following price action all week as well as a great lesson on EUR/NZD.
Being patient has been key here with a lovely trade taken today on NZD/JPY that we have been forecasting together all week.
Next week should be phenomenal!
Look forward to speaking with you all over the weekend.
NZDCAD Finally find opportunity to BUY!!!after moving wildly for some time, price finally respects the snr area.
After reacting to the resistance area 0,8375, the price failed to form a lower low, and broke the resistance to form a higher high.
then we wait for the price to touch the support area 0,8375 and react in that area.
if that happens then we will find an opportunity to place a buy order.
Joe Gun2Head Trade - Double top on the daily completeTrade Idea: Selling NZDUSD
Reasoning: Double top confirmed on the Daily. Bearish flag on the 60min.
Entry Level: 0.6153
Take Profit Level: 0.6022
Stop Loss: 0.6177
Risk/Reward: 5.56:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Potential bear flag on NZD/USDThe combination of hawkish Fed speak and firmer inflation has seen the US dollar strengthen overnight. But we're interested in shorting the Kiwi dollar against it, given yesterday's lower forecasts for 2 and 3-year inflation forecasts by RBNZ. It should be noted that RBNZ hold their monetary policy meeting on Wednesday February the 22nd, and there has been call for a 50 or 75bp hike.
But that doesn't mean it can't dip lower ahead of the meeting, even if they do go for another aggressive hike - especially if Fed members continue to read from the same hawkish script.
NZD/USD has spent nearly 7 days within a sideways channel / consolidation, after an aggressive bearish reversal from its YTD high. A double top has formed around 0.6400 to suggest demand resides in the area, so the bias is now for a bear-flag breakout in line with the momentum which took it into consolidation.
- Bears can either seek a break of the cycle low, or the channel around 0.6294 to assume bearish continuation.
- The lows around 0.6200 make a likely target for bears and risks a corrective bounce
- The eventual target projected form the bearish flag is around 0.6120
Joe Gun2Head Trade - Swing failure on EURNZD?Trade Idea: Selling EURNZD
Reasoning: Swing failure at 1.7167?
Entry Level: 1.71569
Take Profit Level: 2.64
Stop Loss: 1.7203
Risk/Reward: 3.9:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Fading NZDUSD into resistanceTrade Idea: Buying GBPCAD
Reasoning: Fading NZDUSD into resistance
Entry Level: 0.6365
Take Profit Level: 0.6270
Stop Loss: 0.6393
Risk/Reward: 3.5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - More upside in EURNZD?Trade Idea: Buying EURNZD
Reasoning: Possible continuation pattern
Entry Level: 1.70750
Take Profit Level: 1.7290
Stop Loss: 1.7010
Risk/Reward: 3.1:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NZDUSD Making A Corrective SetbackNZDUSD turned bullish as expected after we spotted a completed five-wave bearish cycle within wave C back in October 2022. Notice that the recent rise is much more extended and clearly made by five waves up without overlaps up from the 2022 lows, so it's an impulse; a change in trend that will send prices even higher in 2023. However, nothing moves in straight lines. We know that after every five waves, a three-wave correction occurs which can be underway as an irregular/expanded flat correction, currently with subwave (B) in progress, which is looking to overlap up from 0.6183. In fact, there is a nice sell-off from last week, a clear impulse that puts wave (C) now in play. Ideal support is at 0.6080-0.6160.
About to cliff offThe pair my make another bounce off the bottom of the bearish flag before break it down. I opened a short position, if it bounces I'll add on the bounce.
NZDJPY approaching key resistanceNZDJPY - Intraday - 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
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.
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$NZD - Interesting area!$NZD - Interesting area!
I always go towards higher time frames, as Higher TF = Shorter TF movement it's really is as simple as that.
As you can see, this is the weekly now we are within the ranges:
Lows: 0.62 /.61 Areas
Highs: 0.65 Areas
For now you execute the range trade playing between those high and lows until a break.
A break to either direction, would take you to either to trendline resistance and 200 EMA areas. A break below low of the ranges, you go towards great Fib area of support 0.60000 areas
Overall, the market is looking over extended even with DXY but picking bottoms isn't wise decision to ever make!
Key Tip: Follow your own trade plan.
Have a great week ahead,
Trade Journal
Joe Gun2Head Trade - Range trade on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Small range on the daily.
Entry Level: 0.6372
Take Profit Level: 0.6200
Stop Loss: 0.6430
Risk/Reward: 3.03:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - EURNZD Stalling on the dailyTrade Idea: Selling EURNZD
Reasoning: Resistance a 1.69922 on the daily
Entry Level: 1.6969
Take Profit Level: 1.6673
Stop Loss: 1.7047
Risk/Reward: 2.79:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Meanwhile In New Zealand....NZD/USD has failed to sustain the upside above 0.5800. While below 0.6010/0.6060, the downtrend is set to persist, economists at Société Générale report.
“NZD/USD recently formed an interim low near the lower limit of a multi-month down sloping channel at 0.5565 which is also a trend line drawn since 2009.”
“An initial bounce is taking shape; the 50 DMA near 0.6010/0.6060 which is also the low of July is expected to be an important hurdle near-term. Failure to overcome this resistance can lead to continuation in downtrend towards last month trough of 0.5565 and 2020 levels of 0.5495/0.5470.”
Unlike the RBA yesterday, the Reserve Bank of New Zealand met expectations by raising its key rate by 50 points to 3.5%. Having started raising the rate a year ago, the RBNZ accelerated the move from 25 to 50 points in April, bringing it to the cyclical highs of 2014-15.
The Reserve Bank cites too high core inflation (without food and energy) and labor shortages as reasons for further rate hikes. And here, it is worth remembering that at its peak in 2007/08, New Zealand's key rate reached 8.25%, and cyclical lows in 2002 and 2003 were 4.75% and 5.00%, respectively. In other words, the New Zealand economy is more suited to high rates than many.
Joe Gun2Head Trade - Head & Shoulders Top on NZDUSDTrade Idea: Selling NZDUSD
Reasoning: Head & Shoulders Top
Entry Level: 0.6311
Take Profit Level: 0.6125
Stop Loss: 0.6363
Risk/Reward: 3.53:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
AUDNZD | Long IdeaPrice has sold off so much, I think I see a trade opportunity to catch the retracement, "reversion to mean".
I lay it all out in the video, thank you, and trade safely.
1% Risk
2:1 Risk/Reward
$nzdusd - I am bearish but why?$nzdusd - I am bearish but why?
I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading.
0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805
Data wise we got BOE & ECB left - lets see what they have in store for us.
Don't forget to trade your own plan.
Have a great day ahead,
Trade Journal
