NZDUSD H4 | Falling to 23.6% FiboNZDUSD is falling towards a key overlap support and could potentially reverse from this level. Price could hit our buy at 0.63155 and bounce up from here. Our stop loss will be at 0.62813 which is an overlap support that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 0.63790 which is an overlap resistance.
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.
Kiwi
NZDUSD H4 | Falling to 23.6% Fibo supportNZDUSD is falling towards a key support level and reverse from here. We could see price bounce up to our take profit target.
Entry: 0.63147
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Stop Loss: 0.62758
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement
Take Profit: 0.63790
Why we like it:
There is an overlap resistance at the recent swing-high
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.
Joe G2H - Selling NZDCAD (Again)Trade Idea: Selling NZDCAD
Reasoning: Selling into downtrend resistance on the daily chart
Entry Level: 0.85014
Take Profit Level: 0.8420
Stop Loss: 0.8542
Risk/Reward: 2/1
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 H4 | Pulling back to 23.6% FiboNZDUSD is pulling back towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.63109 and bounce up from here. Our stop loss will be at 0.62707. The take profit level will be at 0.63599 which is a recent swing-high resistance.
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 | Falling to 23.6% Fibo supportNZDUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.62638 and bounce up from here. Our stop loss will be at 0.62200 which is an overlap support that aligns close to the 50.0% Fibonacci retracement. The take profit level will be at 0.63109 which is an overlap resistance.
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 | Dropping towards an overlap supportNZDUSD is falling towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 0.62647
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Stop Loss: 0.62202
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement
Take Profit: 0.63147
Why we like it:
There is an overlap resistance
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.
Joe G2H - NZDCAD at trend resistanceTrade Idea: Selling NZDCAD
Reasoning: Selling into downtrend resistance on the daily chart
Entry Level: 0.8500
Take Profit Level: 0.8405
Stop Loss: 0.8541
Risk/Reward: 2.3/1
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.
NZDUSD H4 | Falling to support?NZDUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.62123 and bounce up from here. Our stop loss will be at 0.61718 which is an overlap support. The take profit level will be at 0.62714 which is a level that aligns with the 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 pulling back stronglyNZDUSD is falling towards a key support level. Price could hit our buy entry at 0.61338 and reverse towards our take profit at 0.62145 which is an overlap resistance. Stop loss is at 0.60933 which is an overlap support at swing-low.
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.
Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist.
The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support.
- The bias remains bearish beneath yesterday's high
- However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range)
- Initial target is the cycle just above 82.0
Joe Gun2Head Trade - EURNZD broken down from a rangeTrade Idea: Selling EURNZD
Reasoning: Broken down from a range on the 60min, targeting a move lower.
Entry Level: 1.7267
Take Profit Level: 1.7081
Stop Loss: 1.7302
Risk/Reward: 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 - 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.