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NZD (New Zealand Dollar)

Buy NZDCAD on a Fibonacci RetracementI have gone LONG NZDCAD. On my 4H chart there was a impulse wave breaking the down trend (in yellow). This retraced overnight to the 0.618 Fibonacci level where I entered at 0.8348 SL 0.8290. My target is 0.8465. My rational for the trade is that on that CAD side oil prices remain under pressure, on expectations that demand will be weak and Israel will avoid a strike on Iranian oil facilities. Also the market believes Canadian may start cutting rates agressively. On the NZD side although CPI came in as expected later in the New Zealand day (New Zealand) the RBNZ published its own inflation data and this came model came in much higher, at 3.4% y/y. Also I believe the market in generally bullish which favours NZD and AUD. Let's see what pans out!
Long
by ratcatcher
NZD/CAD Tests Key Demand Area with Bullish Signs EmergingIn the last three days, the NZD/CAD pair has retested a crucial demand area, showing a clear rejection, which indicates potential buying interest at this level. Supporting this outlook, the Commitment of Traders (COT) report reveals that retail traders continue to hold predominantly short positions, while "Smart Money"—institutional investors—are steadily increasing their exposure to the pair. Additionally, though less significant, the price has reacted to the 61.8% Fibonacci retracement level from the swing low, adding another technical layer to the current scenario. Large speculators have already shifted to a bullish stance, signaling growing confidence in the New Zealand Dollar (NZD) relative to the Canadian Dollar (CAD). This shift in market sentiment could pave the way for a potential long setup, especially as seasonal trends indicate further upside potential for the NZD/CAD pair. From a technical perspective, the combination of the demand zone rejection and the bullish movement in institutional positioning suggests the possibility of an upward move. Traders will be closely observing the price action over the coming days for signs of a breakout, which could provide an opportunity to enter long positions in line with the growing bullish sentiment surrounding NZD/CAD. ✅ Please share your thoughts about NZD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/SGD Tests and Rejects Key Demand Area, Bullish Sentiment.Over the past three days, the NZD/SGD pair has retested a previous demand area and shown a clear rejection, signaling potential buying interest at this level. The Commitment of Traders (COT) report adds weight to this scenario, revealing that retail traders remain predominantly short, while "Smart Money"—institutional investors—are beginning to edge higher in their positioning. Large speculators have already turned bullish, reflecting a growing confidence in the New Zealand Dollar (NZD) relative to the Singapore Dollar (SGD). This shift in sentiment could set the stage for a possible long setup, particularly as seasonal trends suggest further upside potential for NZD/SGD. From a technical perspective, the rejection of the demand zone, combined with the bullish shift in institutional positioning, points to a potential upward move. Traders will be closely monitoring price action in the coming days for confirmation of a breakout, which could present an opportunity to enter long positions in alignment with the emerging bullish sentiment. ✅ Please share your thoughts about NZD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
NZD/USD Attracts Modest Buying on Friday Amid USD WeaknessThe NZD/USD pair has attracted some buying interest for the second consecutive day on Friday, driven by a modest weakening of the US Dollar (USD). However, the upside momentum lacks strong bullish conviction as the pair continues to hover around the 0.6071 level, close to the one-month low touched earlier this week. Despite the rebound, market sentiment surrounding the pair remains cautious, with traders awaiting further cues from both global economic developments and key technical indicators. US Dollar Weakness Offers Relief The primary driver behind the modest gains in NZD/USD has been the slight pullback in the US Dollar. The greenback has recently shown signs of weakening after a strong rally in previous weeks, largely supported by robust US economic data and hawkish expectations around the Federal Reserve's monetary policy. The recent downtick in the USD has provided some breathing room for risk-sensitive currencies like the New Zealand Dollar, allowing for a temporary recovery in the pair. Technical Outlook: Demand Zone Holds Firm From a technical perspective, the NZD/USD pair appears to have rejected a significant demand zone, suggesting that there is support for the pair at current levels. This demand area has seen increased buying interest, particularly as retail traders remain extremely short on the pair. In contrast, smart money – typically institutional investors with deeper market insights – has started to build long positions, signaling a potential shift in market sentiment. The rejection of the demand zone and the presence of long positions from smart money traders suggest that the NZD/USD pair could be poised for further gains. This technical setup aligns with the broader seasonality patterns that indicate a potential uptrend in the coming weeks. Seasonality and Market Sentiment: Bullish Signs Ahead? Seasonality data, which tracks historical patterns in currency movements, shows a potential uptrend for the NZD/USD pair. This is supported by the current market positioning, where retail traders are overwhelmingly short, creating a contrarian signal for a potential rally. Smart money's shift towards building long positions adds weight to the argument that the pair may be headed for a sustained move higher. Given these factors, we have decided to open a long position on NZD/USD, taking advantage of the technical setup, smart money movements, and favorable seasonality trends. While the overall market sentiment remains cautious, the combination of these signals offers a compelling case for a potential bullish move in the near term. Conclusion: A Cautious Bullish Outlook While the NZD/USD pair has attracted modest buying on the back of USD weakness, the bullish conviction remains limited for now. However, the rejection of a key demand area, coupled with the increasing long positions from smart money and favorable seasonality patterns, suggests that the pair could see further upside in the days ahead. As always, traders should remain cautious and monitor upcoming economic data releases and market developments that could influence the pair's direction. Nonetheless, the technical and fundamental setup currently points to a potential opportunity for upside gains, and we are positioned accordingly with a long trade. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
Buy GBP/NZD BreakoutThe GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2.1480 Target Levels: 1st Resistance – 2.1600 2nd Resistance – 2.1675 Stop-Loss: To manage risk, place a stop-loss order below 2.1385. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
6
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 0.83803 1st Support: 0.8121 1st Resistance: 0.84314 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
NZD/USD Rebounds, But Caution Remains Ahead of US Economic DataThe NZD/USD pair rebounded today from a key demand area, but caution remains among traders as critical US economic data looms. The upcoming reports for USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims are expected to inject volatility into USD-correlated currency pairs, particularly affecting both EUR/USD and NZD/USD. These data points are crucial for assessing the strength of the US economy, and stronger-than-expected results could further support the US Dollar (USD), applying downward pressure on other currencies like the euro and the New Zealand Dollar (NZD). China's Economic Data in Focus for NZD In addition to US developments, market participants are likely to remain cautious ahead of key economic data from China, New Zealand’s top trading partner, scheduled for release on Friday. The upcoming GDP and Retail Sales figures will be closely monitored, especially after the recent disappointment in China’s CPI and PPI numbers. Weak results from China could have negative implications for the NZD, given New Zealand’s heavy reliance on trade with China. The New Zealand Dollar has faced additional challenges, as China's recently announced fiscal stimulus measures have failed to lift market sentiment. Investors remain uncertain about the scale and impact of the stimulus package, further weighing on the outlook for the NZD. USD Strength and Federal Reserve Outlook Meanwhile, the US Dollar has found support from strong labor and inflation data, which has tempered market expectations for aggressive easing by the Federal Reserve (Fed). According to the CME FedWatch Tool, there is currently a 92.1% probability of a 25-basis-point rate cut in November, with little to no expectation of a larger 50-basis-point reduction. This has kept the USD resilient, further limiting the upside potential for the NZD/USD pair. Technical Outlook and Market Sentiment From a technical standpoint, while the NZD/USD has seen a rebound, the Commitment of Traders (COT) report reveals that retail traders remain bearish on the pair, whereas smart money has started increasing their positions. In addition, our forecast suggests a potential shift toward a bullish seasonality for the NZD, though market conditions remain uncertain. Given the importance of today’s US economic data, we are adopting a patient approach, waiting for the news release before considering any entries. Stronger-than-expected US figures could dampen the outlook for the NZD, while weaker data may present opportunities for the NZD to regain strength. In conclusion, while there are signs of a potential bullish trend emerging for the NZD/USD, the combination of ongoing USD strength and upcoming key economic releases from both the US and China makes it necessary to remain cautious in the near term. Patience will be key as we await further developments in the market. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
NZD/JPY H4 | Potential bullish bounceNZD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 90.23 which is a pullback support. Stop loss is at 89.70 which is a level that lies underneath a multi-swing-low support and the 38.2% Fibonacci retracement level. Take profit is at 91.27 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Bearish drop?NZD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could fall from this level to our take profit. Entry: 90.71 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 91.02 Why we like it: There is an overlap resistance that is slightly below the 78.6% Fibonacci retracement. Take profit: 90.20 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Potential bullish reversal?NZD/JPY is reacting off the pivot which has been identified as a pullback support and could rise to the 1st resistance level which acts as a pullback resistance. Pivot: 90.25 1st Support: 89.88 1st Resistance: 90.61 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
Short
by CityIndex
5
GBPNZD H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 2 hour chart for GBPNZD. Speculative XABCD in progress, with PRZ/D set at 2.1100, so expecting more losses in GBPNZD before reversal from PRZ/D 🔸XABCD structure is defined by point X at 1155, point A at 1330, point B at 1200, point C at 1360, point D/PRZ at 1100, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying. 🔸Recommended strategy for GBPNZD traders: wait for pullback/correction to complete at point D near 1100, buy/hold, SL 80 pips, TP1 +175 pips TP2 +250 pips. BUY/HOLD at point D/PRZ at 1100. swing trade setup. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
10
GBPNZD Will Go Higher From Support! Long! Please, check our technical outlook for GBPNZD. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.138. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.142 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Pullback resistance ahead?NZD/USD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6127 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 0.6172 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Take profit: 0.6053 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets