NZDJPY | Long in side areaIt began an upward trend on August 19; This trend continued until the ceiling of 82.50 and then entered a correction.
It has been about twenty-five days that it has been showing side movements on the floor of its correction wave.
✅Long offer up to the ceiling of the side area
what is your opinion?
Newzealand
AIR.NZ high returns for the next couple of years For stable investors, we have seen the pandemic and preventive measures taken by the countries that have affected the airlines market, Suspension of flights, and the ban on receiving travelers in some countries, High oil, energy prices, and layoffs have made a huge collapse of airlines market.
for the New Zealand airlines, the time is coming to buy the small fish, with the share price dropping 49% in three years and the COVID-19 negative news, we can go long on AIR.NZ stock.
Corporate directors expect the aviation sector to improve in 2024 so we can buy low and sell high.
The total debt for the company has been reduced by 10.88% since 29/6/2020 was: 3,713 B to be: 3,309 B in 29/6/2021
The company's free cash flow was just on the positive side 0.092 B in 2021 and was -0.385 B for the year 2020, which will help the company generate cash to support the business.
the company assets have been reduced by -11.25% since it was: 7,543 B in the year 2020 to be: 6,694 B the 2021 year based on (yahoo finance),
overview of the company,
we can see the price will continue moving downside towards 0.85 $ -0.93$ support area, so we can enter our position there:
targeting 2.93 $- 3.00 $ resistance area, as our near target for the next couple of years,
This investment will take two years or more (estimated)
with an expected return of 200% - 240% in two years or three years
Symmetrical Triangle with Breakout in NZDJPY Towards 78.50Trend Analysis
The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup will be observed if NZDJPY were to decline to 76.855.
Technical Indicators
NZDJPY has positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. The RSI is greater than 50 and there has been a positive crossover on the KST.
Recommendation
The recommendation will be to go long at market, with a stop loss at 76.855 and a target of 78.50. This produces a risk/reward ratio of 1.48.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in NZDJPY.
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This magical strategy works like a clock on almost any charts
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SKL Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NZDJPY Short off Retest of Trend LineIf you follow me on various social media, you know I have been long in general on the NZD. However, we have a super solid short entry here. Let's take a look.
On the 4H chart, we can see a trend line that has held for a few months, since March 21st. This is a relatively solid trend line, as it has been respected 5 times. A few days ago we firmly broke that trend line to the downside. At this point, I put this pair in my watchlist to wait for a retest. And sure enough, we're getting one. Here's the 4H chart below. Keep in mind that at the time of this writing, there are still two hours left in this candle.
Now, let's take a look at the 1H chart. The big green candle shows price accelerated into the retest line. However, it was met with a doji, followed by two very bearish candles. Both red candles have long upper wicks (as does the doji) and closed significantly lower. This is a good sign that a reversal is happening.
So, let's enter! I will be entering with 2% risk. However, the RBNZ statement is tonight. If we have not hit TP1 by the time the RBNZ nears, I will likely close half of my position and move stop to entry, and get rid of my TP1. Hopefully we can gather some pips to be in a good position before the RBNZ statement and presser.
I am in short at 78.755 with:
Stop at 79
TP1 at 78.5 (where I will close half of my position and move stop to entry)
Limit at 78
Risk of 2%
NZDUSD Head and shoulders 4-hour chartNZD is in key area, last candle in this chart as you can see closed below the 200 SMA.
MACD signal and the cross of SMA-50 and SMA-100 with the formation of of head and shoulders, could be strong indicator for this pair to tumble well below the level of 0.71750.
Fundamentals with the FED "talking about talking about tapering" with the U.S PMI flash came positive for the USD, weakened the NZD, but let's wait for the Monday New Zealand Retail and core Sales q/q.
It is also worth to note that the monetary policy statement is due on 26th May Wednesday, but they already left it unchanged so it might keep the policy the same as last month.
Trends in select Emerging Markets (& smaller markets) via ETFsRecent trends in select Emerging Markets (and some smaller markets) viewed by their ETFs, for the countries: Brazil EWZ , Mexico EWW , New Zealand ENZL , South Korea EWY , China MCHI , India INDA - also vs. the emerging markets ETF IEMG , and the NASDAQ IXIC index.
New Zealand NZ50 - Wherefore goest thou?The New Zealand NZ50G (gross) benchmark index versus some indicative major components: Spark telecoms SPK, Auckland International Airport AIA, and then the electricity generation utilities Meridian MEL, Contact CEN and Mercury MCY along with the NZX Utilities Index G55G - and last, but definitely not the least, is presently the largest New Zealand company Fisher & Paykel Healthcare FPH.
NZD: Current sentiment driversLatest developments:
March 14 – The RBNZ left its OCR unchanged at a record low of 0.25% and asset purchases at NZ$100 billion as expected. Once again, the RBNZ kept further easing on the table and reaffirmed their commitment to easy policy, stating that prolonged stimulus would be needed to get employment and inflation to desired levels.
March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.”
November 3 – For Q4, the Unemployment Rate in New Zealand printed below consensus at 4.9% from 5.3% in Q3. Additionally, Employment Change printed at 0.6% versus market consensus of 0.0%.
January 21 – Inflation for Q4 saw CPI Y/Y remain unchanged at 1.4% while CPI Q/Q printed at 0.5% from a prior of 0.7%.
Future sentiment shifts:
Due to its high beta status, NZD’s performance over recent months has been strongly correlated with the market’s overall risk tone, with the currency weakening substantially as markets sold off and strengthening as the risk tone recovered and turned positive.
Recent global data has been encouraging, continuing to support NZD and the overall risk tone; although, the ongoing spread of the virus throughout the world and second waves in many countries still pose significant risks.
For a fundamental improvement in NZD’s outlook and bias, there will need to be an easing of concerns surrounding the spread of the coronavirus (which appears likely given the vaccine rollout). However, even then, NZD upside could become an uphill battle with many analysts arguing the currency is approaching overvalued levels.