✅ The NZDCHF is moving in a downward channel. The chart retains the downward structure. The price will continue to decline. ✅ 🚀 SELL scenario: short to 0.5649 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
The idea discusses a bullish on the NZDCHF currency pair based on a strong fundamental , as well as several bullish technical signals. The analysis recommends placing a stop loss to manage downside risk and advises traders to do their own research and due diligence before making any trading decisions.
After a strong bearish rally, AUDNZD retraced to a key horizontal resistance. The price was steadily growing within a rising parallel channel. One the underlined area was reached, the pair broke and closed below a support of the channel. Probabilities will be high that a bearish movement will resume now. Goals will be 1.0632 / 1.0593 ❤️Please, support my...
EURNZD - 24h expiry - Price action has posted a Doji candle and signals a possible reversal of the recent trend. Expect trading to remain mixed and volatile. 1.7492 has been pivotal. A higher correction is expected. We look for a temporary move higher. We look to Sell at 1.7488 (stop at 1.7538) Our profit targets will be 1.7368 and 1.7348 Resistance:...
#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However,...
NZD/JPY pulls back from a fresh weekly high (83.92) with NZD/USD also registering a fresh weekly high (0.6382) as the Reserve Bank of New Zealand (RBNZ) delivered a 50bp rate hike. The correlation coeffect now reflects a positive relationship between NZD/JPY and NZD/USD as it climbs to +0.46, but the inverse relationship may resurface as a shift in carry-trade...
NZDJPY - 24h expiry - We look to Buy at 82.00 (stop at 81.40) Previous support located at 82.00. Previous resistance located at 83.00. With signals for sentiment at oversold extremes, the dip could not be extended. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 83.20 and 83.50...
✅ The NZD CAD is moving in a downward channel. The chart maintains a downward structure. Price will continue to decline. ✅ 🚀 SELL scenario: short to 0.8402 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
The AUDNZD pair is technically bearish on the 1D timeframe (RSI = 42.033, MACD = -0.005, ADX = 29.502), trading under the P1 Zone, which has been in place since 2021. It is under both the 1D MA50 and 1D MA200 and it targeting the HL trendline (TP = 1.05300). If the dashed LH trendline breaks, we will buy aiming at R1 (TP = 1.10800). ## If you like our free...
Hey Traders, NZDUSD is trading in an ascending channel and now seems to be in a correction phase in which it is approaching the channel support around 0.62400 zone. if Bulls are confirmed i would consider the channel resistance as a target. we would also be keeping American indices in the watchlist as they do correlate positively with the NZDUSD pair. Trade safe, Joe.
Trying NZDCHF lower here. We could get a potential break lower in this triangle that's been developing. Overall the trade idea makes sense i believe, NZD has not benefitted from a hawkish hike from the RBNZ and i believe this is because of the recent weak data from the US. I've been seeing a lot of people concerned about a potential recession coming to the US...
The NZDUSD spiked up yesterday as the RBNZ surprised markets with a 50bps rate hike (the forecast was for 25bps). With the interest rates now at 5.25%, it is just 25bps shy of the peak rates of 5.50% previously indicated by the RBNZ. Following the spike up, the NZDUSD retraced the move to trade below 0.63 again (due to the overnight recovery of strength on the...
NZDUSD - 24h expiry - We look to Buy at 0.6275 (stop at 0.6225) Previous support located at 0.6300. Previous resistance located at 0.6350. We can see no technical reason for a change of trend. Further upside is expected. Dips continue to attract buyers. Our profit targets will be 0.6375 and 0.6400 Resistance: 0.6350 / 0.6375 / 0.6400 Support: 0.6300 /...
✅NZD_JPY has formed A parallel range beneath the Horizontal resistance of 84.00 And we are now seeing a bearish Breakout so while the pair Might make a rebound back Into the range the breakout Has solidified our bearish bias And I think that we are likely To see a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅ GBPNZD moves in an upward wedge. The volatility of the move has decreased. We expect a reversal and a price decline. ✅ 🚀 SELL scenario: short to 1.965. 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments
The NZDJPY pair is on a neutral technical price action on the 1D time frame (RSI = 51.078, MACD = -0.120, ADX = 32.313) as it reached the 0.5 Fibonacci level and 1D MA50 yesterday. This is the middle level of the long-term trading range inside the S1 and R1 Zones since April 20th 2022. So essentially this pair has been trading sideways for almost 1 year. Since...
Will NZDCAD break the channel or will it have a false breakout
Trade 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...