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Kiwi

NZDCAD Long Trade SetupA bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. FX:NZDCAD Rooting for you! Your FX Plug
Long
by charles-okoukoni
Joe Gun2Head Trade - Looking for a contination lower on NZDCHFTrade Idea: Selling NZDCHF Reasoning: Looking for a contination lower Entry Level: 0.5879 Take Profit Level: 0.5756 Stop Loss: 0.5897 Risk/Reward: 5.87:1 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.
Short
by Signal_Centre
Dollar reigns supremeNZDUSD - Intraday - We look to Sell at 0.6100 (stop at 0.6150) Previous support located at 0.6000. Previous resistance located at 0.6050. There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 0.5975 and 0.5950 Resistance: 0.6050 / 0.6100 / 0.6150 Support: 0.6000 / 0.5975 / 0.5950 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
No clear indication the downward is coming to an end on GBPNZDGBPNZD - Intraday - We look to Sell at 1.9000 (stop at 1.9100) Previous support located at 1.8850. Previous resistance located at 1.8900. Trend line resistance is located at 1.9000. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 1.8750 and 1.8700 Resistance: 1.8900 / 1.9000 / 1.9100 Support: 1.8850 / 1.8800 / 1.8750 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
Joe Gun2Head Trade - Gap fill on NZDCADTrade Idea: Selling NZDCAD Reasoning: Filled the overnight gap at likely to head lower Entry Level: 0.8016 Take Profit Level: 0.7962 Stop Loss: 0.8031 Risk/Reward: 3.67:1 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.
Short
by Signal_Centre
1
NZDUSD setting up nicely for a short the week of 22 AugIt does not matter what time frame you look at, this pair is obviously bearish. Last week it blew past the major support at 0.6210. I am expecting a pullback to this recently broken level (zone) and a resumption of the trend. If this happens, I will go short and target the next major level at 0.5920. The minor support at 0.6100 will come into play, but IMO price will overcome it. Even with a generous stop, we could be looking at a 4.5R trade. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and support!!
Short
by Trading_Vista
2
NZDJPY expected to stall near trend line resistanceNZDJPY - Intraday - We look to Sell at 84.91 (stop at 85.31) Signals are mixed but remain mildly bearish with an short-term timeframe highlighting an exhaustion count. We look for a temporary move higher. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 84.01 and 83.80 Resistance: 85.00 / 87.00 / 92.00 Support: 84.00 / 82.00 / 80.00 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
Selling rallies on NZDUSDNZDUSD - Intraday - We look to Sell at 0.6250 (stop at 0.6300) Previous support located at 0.6200. Previous resistance located at 0.6250. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6250, resulting in improved risk/reward. A move through 0.6200 will confirm the bearish momentum. Our profit targets will be 0.6150 and 0.6125 Resistance: 0.6250 / 0.6300 / 0.6325 Support: 0.6200 / 0.6150 / 0.6125 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
NZDUSD selloff is showing no sign of endingNZDUSD - Intraday - We look to Sell at 0.6325 (stop at 0.6375) Previous support located at 0.6250. Previous resistance located at 0.6300. There is no indication that the selloff is coming to an end. Risk/Reward would be poor to call a sell from current levels. A move through 0.6250 will confirm the bearish momentum. Our profit targets will be 0.6225 and 0.6200 Resistance: 0.6300 / 0.6325 / 0.6350 Support: 0.6250 / 0.6225 / 0.6200 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
1
NZDUSDHere we can identify the head and shoulders pattern (bearish pattern) has fully formed and the neckline has now broken out with an impulse to the downside creating a new lower low. A valid exhaustion will create the short zone. As always never get FOMO and try to catch a trade whilst price is on the push phase. Trying to catch a price whilst on the push phase typically leaves the trader with a larger stop loss size, smaller risk to reward and a higher probability of getting stopped out prematurely.
Short
by THE_GOLDEN_SUITE
NZD/USD technical analysis: 200-day moving average next?There have been some interesting technical developments in the NZD/USD daily chart recently. The price action this week effectively broke above the 50-day moving average’s dynamic resistance at 0.627, with the Kiwi dollar extending to 0.645. The NZD/USD pair hasn’t traded above 50-dma since early April. The Reserve Bank of New Zealand will meet next Wednesday, with the market pricing in a fourth consecutive 50-basis-point hike, with the official cash rate expected to rise to 3%. As a result, New Zealand has the highest interest rates among major countries, giving the Kiwi dollar a relative advantage vis-à-vis peers. The MACD, which has decisively broken above the zero line, and the 14-day Relative Strength Index, which is approaching overbought conditions, provide additional evidence of positive momentum. The last time the RSI was this high was on March 23. The next area of resistance is at the level of 0.658 (June high). A break through this barrier would pave the way for an assault on the 200-day moving average at 0.663, where we could see some profit-taking behaviour emerge, given the 10% rally from July's lows.
by Capitalcom
Dollar set to weaken versus NZD?NZDUSD - Intraday - We look to Buy at 0.6250 (stop at 0.6190) Previous support located at 0.6250. Previous resistance located at 0.6300. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 0.6375 and 0.6400 Resistance: 0.6300 / 0.6350 / 0.6375 Support: 0.6250 / 0.6225 / 0.6200 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Long
by OANDA
NZDJPY faces resistance at the 50% Fibonacci retracementNZDJPY - Intraday - We look to Sell at 84.26 (stop at 84.88) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Current price action faces resistance at the 50% Fibonacci retracement level of the 86.59-82.15 move. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 82.79 and 82.50 Resistance: 84.50 / 85.00 / 86.50 Support: 82.78 / 80.00 / 76.00 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA