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Kiwidollar

GBP NZD - June analysis updateHello Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Contents Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour Original Idea here: February 15th 2021. Previous Update to the trade - proof the analysis is working! Analysis Monthly imbalances Price has rejected multiple times the zone with 1.81 being the lowest wick on a monthly close. This zone is a powerful buying zone for positional holders like us for two reasons; 1. - Price is clearly making lower highs 2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance What is evident here? The imbalance perfectly aligns here as price touches the price close on the monthly top reaching 2.175XX March 2020 in line with the January 2016 - where the last supply imbalance was prominent. The candles leading up to the imbalance in January, February signify great bullish continuation closes showing a clear pathway to creating a monthly double top or at least a lower high. [The matching equal high here can be seen on the three month chart* * Price had to reverse from here, this is how the imbalance fill works where price perfectly reacts of a pivot point or a pricing inefficiency. Weekly imbalances Price has rejected the monthly zone as well as on a weekly, the weekly close is showing bullish signs as the candle closes are creating higher lows. Further to this, the price analysis of the candle sticks show a strong engulfing whipsaw of a bearish week followed by a bullish week immediately after. This shows that price action on a lower time frame will indicate that the profit taking for the sellers are transitioning the imbalance of sellers to buyers. The gap from this zone where the imbalance has arisen, from a technical stand point gives the probability of the fresh zone on the monthly is the open target. Cross Pair Analysis: Understanding the cross pairs and correlation between commodity pairs The first chart shows the weekly and monthly using the commodity pairs: AUD JPY & CAD JPY in conjunction with NZD JPY. The pattern of the correlation is clear - these pairs are heading towards imbalances. Absolute correlation pairs GBP NZD comparing against the top correlators - GBP AUD and EUR NZD on a weekly time frame against the monthly timeframe. The idea here is provide insight as to how the pairs follow in correlation - and provide three options to trade across pairs. Despite the GBP NZD & AUD having relatively close imbalances - the great opportunity here is to provide strong and high probability areas to set a position and trade off it. Week imbalances using the over lay of GBP NZD imbalances - EUR NZD does not correlate as strong, however looking at the pair the weekly imbalance and monthly imbalances align with key signs of liquidity wicks which engineer the low and reject the zone. Trade education Using the Fibonacci across the 16 hour timeframe where price has created a "pullback", but what has happened here is price reached an imbalance and has fallen back towards the original imbalance as expected. The correctional move has taken place here and found it's imbalance zone where price will reject. Here is why I entered a second trade Here is the breakdown of the wedges, pennants and channels. Enjoy the trade - targets are based on the Fibonacci extension. The 61.8% confirmed a breakthrough was my entry. Do you enjoy the setups? 10 years combined analysis experience in capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
Long
by LupaCapital
2
*** #NZDCAD ** BULLISH OPPORTUNITY ? Hello Traders, It's been quite the year thus far for 2021 with hope of us coming out of the pandemic eventually and seeing more normal moves in the market. Last week was quite a bit of market chop with the news and politics and market rate decisions. We've identified NZD gaining strength in other pairs and now that has moved over to NZDCAD. OANDA:NZDCAD Good Risk to Reward with this setup with Stops around .86400 price mark. As always, trade only what you are willing to lose! The Trading Regime
Long
by EvaultFinancialGroup
GBP NZD - buying imbalancesHello traders and analysts. Below is our setup for the Minor pair - GBP NZD . Zone colour Master Key: Blue = Monthly Purple = weekly Orange = Daily Grey = 4hour Pink = 1 hour Monthly imbalances - Price has rejected multiple times the zone with 1.81 being the lowest wick on a monthly close. This zone is a powerful buying zone for positional holders like us for two reasons; 1. - Price is clearly making lower highs 2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance Weekly imbalances Price has rejected the monthly zone as well as on a weekly, the weekly close is showing bullish signs as the candle closes are creating higher lows. Further to this, the price analysis of the candle sticks show a strong engulfing whipsaw of a bearish week followed by a bullish week immediately after. This shows that price action on a lower time frame will indicate that the profit taking for the sellers are transitioning the imbalance of sellers to buyers. The gap from this zone where the imbalance has arisen, from a technical stand point gives the probability of the fresh zone on the monthly is the open target. Daily imbalances The current possible imbalances are marked and align with the price targets where price will look to reject using a Fibonacci extension tool, so these align with the strategy. On a daily timeframe, the price closes begin to show the consolidation and price range coming into effect. Where we will look to buy next: Between 1.906 - 1.91 if price retraces to this zone again. Here is a possible scenario of what the next entry could be if price enters the grey zone. Targets: The price targets set are GBP NZD 2.08 + - with a longer term final profit target of 2.15. Why? Because this is where our imbalance wick fill is. Do you enjoy the setups? We have 10 years combined analysis experience in world markets. Offer our technical breakdowns here Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
Long
by LupaCapital
1
$NZDUSD - Another impulse above 0.72550Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index 🔔 The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters. 🔔 NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance. 🔔 The best would be to wait for a breakout from the $0.72550 resistance and go long. 🔔 The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400 🔔 I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
FEB 26TH - MARCH 5TH TRADE PLAN FOR #NZDCHF? GOOD DAY SUNDAY TRADERS! From the desk of The Trading Regime, we have discovered an opportunity for NZDCHF. Here are some simple reasons for taking a trade to the downside on this pair: Weekly Bearish price action candlestick with closure to the bear side Break in Daily Structure Daily Bearish Engulfing candle Potential correction in CHF currency this week. OANDA:NZDCHF As always, risk no more than 1-3% per trade, and don't risk more than you're afraid to lose. The Trading Regime.
Short
by EvaultFinancialGroup
NZDUSD breaking out of consolidation? Needs confirmation.From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation. Measured target for this move shown in the chart. This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what the market gives us. This is not trading advice. Trade at your own risk.
Short
by thedailychartist
NZDUSD about to speak its mind soon? Continuation or Reversal?Current pattern resembles a spike and ledge consolidation pattern which can go either direction. I lean towards using it for reversal trades but it can also be a continuation pattern. What's interesting here is that the ledge structure is an ascending triangle. If this is confusing other traders like it is confusing me, we might see more trading range price action going forward. Today's false intra-day breakout above .7240 seems to be evidence of this. I am forcing myself to be neutral but I do favor a break lower for a potential major trend reversal.
by thedailychartist