GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the GBP/NZD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.177 level.
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NZD (New Zealand Dollar)
NZD/JPY Breaking Barriers and Soaring HigherNZD/JPY shows a strong bullish breakout on the 1-hour chart. A descending trendline was invalidated, indicating a shift in market sentiment. This move highlights growing buying pressure and a potential continuation of the upward trend.
The breakout occurred near 88.140, which aligns with a resistance level turned into support. Buyers are stepping in aggressively, creating a high-probability long opportunity.
The stop loss is placed at 87.073, below the recent consolidation area, ensuring protection against invalidation. The take profit is set at 89.433, derived from the measured move projection of the breakout.
This trade presents a favorable risk-to-reward ratio, backed by momentum and a clean breakout structure. With market sentiment leaning bullish, this setup aligns with trend-following principles.
NZDCAD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8143
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8127
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZD/CHF H4 | Heading into multi-swing-high resistanceNZD/CHF is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5146 which is a multi-swing-high resistance that aligns with the 78.6% Fibonacci retracement level.
Stop loss is at 0.5186 which is a level that sits above a swing-high resistance.
Take profit is at 0.5110 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
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GBPNZD - The pound, at peace?!The GBPNZD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is trading in its ascending channel. If the downward trend continues, we can see the demand zone and buy this currency pair in that zone with the appropriate risk reward. The upward correction of this currency pair will provide us with the opportunity to sell it again.
According to Bloomberg, in response to rising borrowing costs, the UK bond market has requested that the government reduce the issuance of long-term bonds next year. During annual consultation meetings held on Monday, traders strongly advocated for a reduction in the maturity of bonds issued for the fiscal year 2025-2026 compared to current levels.
The majority of investors favor increasing the issuance of short-term bonds due to declining demand for long-term bonds from pension funds. The Debt Management Office mentioned in its meeting minutes that the market requires greater flexibility due to “uncertainty.”
The recent rise in UK bond yields has posed new challenges for the government, and these proposals could help the government adapt to the shifts in demand.
As reported by the Financial Times, UK Treasury Minister Rachel Reeves has expressed support for regulatory plans aimed at reducing restrictions on mortgage lending.These plans, which are being reviewed by the Financial Conduct Authority (FCA), aim to allow banks to take on more risk with mortgage loans, enabling more people to become homeowners.
In an interview with the Financial Times, Reeves stated her willingness to consider the FCA’s proposals for easing mortgage restrictions. She said, “I am fully prepared to explore ideas that can help working families achieve homeownership.”
This week, Reeves traveled to Davos to participate in the World Economic Forum and promote the UK as a prime destination for investment. This effort is part of the Labour government’s strategy to stimulate economic growth, as the UK experienced a recession in the second half of last year.
Given the stringent fiscal rules Reeves has imposed on herself and the decline in business confidence following her decision to raise employer national insurance contributions in the October budget, the Treasury Minister has faced significant political pressure since the start of the year. The Treasury is at the forefront of the government’s efforts to push regulators to introduce growth-enhancing measures. Last week, Reeves met with several UK regulatory officials to gather their ideas on this matter.
Data from the Office for National Statistics (ONS) revealed that the number of job vacancies in the UK decreased to 812,000 in the quarter ending December. Additionally, the economic inactivity rate dropped to 21.6% in the three months ending November.
Traders have increased their bets on an interest rate cut by the Bank of England, expecting a reduction of 64 basis points this year.
Moreover, December data indicates that the UK’s public sector net debt (excluding banking groups) rose to £17.8 billion, up from the previous figure of £11.2 billion. Public sector tax receipts increased to £19.9 billion, a notable rise compared to the previous £13.0 billion. Similarly, central government net debt climbed to £19.9 billion, up from £16.3 billion previously.
Meanwhile, in the latest Global Dairy Trade (GDT) auction in New Zealand, the GDT price index increased by 1.4%, while whole milk powder prices rose by 5%.
#NZDCHF to the upside? Possible scenario--------------NZDCHF LONG--------------
Maybe this is the time for CHF to pause its strenghtening curve. The pair can reach the upper bound of the channel. I am long, but that is just me. We will see in a few months.
Important: This is not financial advise. Do your own research and analysis!
Pullback resistance ahead?NZD/JPY is rising towards the pivot and could reverse to the 1st support which acts as a pullback support.
Pivot: 88.61
1st Support: 87.60
1st Resistance: 89.30
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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.
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Falling towards pullback support?NZD/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 0.80683
1st Support: 0.80238
1st Resistance: 0.81436
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.
NZD/CAD Channel Breakout (22.01.2025)The NZD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8068
2nd Support – 0.8034
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NZDJPY to find sellers at market price?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Preferred trade is to sell into rallies.
Risk/Reward would be poor to call a sell from current levels.
Bespoke resistance is located at 88.15.
We look to Sell at 88.27 (stop at 88.67)
Our profit targets will be 87.27 and 86.90
Resistance: 88.00 / 88.50 / 88.75
Support: 87.50 / 87.00 / 86.70
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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.
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GBPNZD I Swing Long Opportunity from Weekly Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
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NZD-CHF Bullish Breakout! Buy!
Hello,Traders!
NZD-CHF was trading
Beneath the falling
Resistance line but now
We are seeing a bullish
Breakout, pullback and a
Rebound so we are locally
Bullish biased now and we
Will be expecting a further
Local bullish move up
Buy!
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GBPNZD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EUR/USD below:
The instrument tests an important psychological level 2.1703
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.1748
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDCAD has been bearish trading within the falling wedge pattern in red.
Currently, NZDCAD is approaching the upper bound of the wedge.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green structure and upper red trendline.
📚 As per my trading style:
As #NZDCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Could the price reverse from here?NZD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 88.60
Why we like it:
There is a pullback resistance level.
Stop loss: 89.18
Why we like it:
There is a pullback resistance level that is slightly below the 127.2% Fibonacci extension.
Take profit: 87.78
Why we like it:
There is a pullback support level.
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NZDUSD: RSI Bullish Divergence calls for a buy.NZDUSD is neutral on its 1D technical outlook (RSI = 51.335, MACD = -0.004, ADX = 18.088), recovering the previous bearish technicals. It seems like the 1D RSI Bullish Divergence on HL is forcing the price to a short term at least bottom with the last two similar situations rising by at least +3.50% over the 1D MA50. Buy (TP = 0.57350).
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NZDJPY at Key Support – Bullish Reversal LikelyNZDJPY is trading at a key demand zone, marked by previous price rejections and strong buying interest. This area has consistently acted as a turning point, where buyers regained control and pushed prices higher.
The recent bearish move has brought the price into this critical support area. Given the strength of the demand zone, there is a high probability of a bullish reversal if price action confirms buying pressure (e.g., bullish engulfing candles or long lower wicks signaling rejection).
I anticipate a bullish move toward the 88.40 level, which represents a logical target for this setup based on prior resistance. This setup aligns with the expectation of a short-term recovery within the broader market context.