Keep your eyes on the RBNZ rate decision!Expect some action after the RBNZ rate decision.
Watch the video for more details.
FX_IDC:NZDUSD EASYMARKETS:NZDUSD
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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. easyMarkets 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 (New Zealand Dollar)
NZDUSD | 15m Trade Plan | Intraday15m current market condition : Took entire buy-side liquidity
During killzones:
Plan A : Take a short position after a 15m bearish confirmation.
Plan B : After inducement is taken, take a long position following a 15m bullish confirmation.
Plan C : Wait for the entire sell-side liquidity sweep, then take a long position based on a 15m bullish confirmation.
note : It's more likely that the marked demand zone will not be respected by the upcoming market session(s).
Bearish drop?NZD/CHF has reacted off the pivot which has been identified as a pullback resistance and could potentially drop to the 1st support which is a pullback support.
Pivot: 0.52360
1st Support: 0.51456
1st Resistance: 0.52789
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/CHF: Historical Low Signals Potential ReversalThe NZD/CHF pair recently reached a significant milestone, hitting its lowest historical point around 0.48551. This drop has caught the attention of traders, particularly as it aligns with a potential reversal pattern. Analyzing the situation through the lens of the Commitment of Traders (COT) data and seasonality trends, we've identified a promising opportunity to enter a long position in anticipation of a price surge.
The drop to 0.48551 marks a critical level where the pair has historically struggled to go lower, making it a key area of interest for buyers. The significance of this bottom cannot be understated, as it represents a psychological barrier where demand is likely to increase, leading to a potential reversal. The initial signs of this reversal are already in motion, with the price showing signs of recovery from this low.
Further supporting our decision is the analysis of the COT report, which provides insight into the positioning of large market participants. The latest data suggests that there has been a shift in sentiment among these traders, with an increasing number of them positioning for an upward move in the NZD/CHF pair. This shift in sentiment is a strong indicator that the pair might be poised for a recovery.
Seasonality also plays a crucial role in our analysis. Historically, certain periods have been more favorable for the New Zealand dollar, leading to a rise in the NZD/CHF pair. Our study of seasonal trends aligns with the current technical setup, reinforcing the likelihood of a price surge.
In light of these factors—the historical low, COT analysis, and seasonality study—we've chosen to enter a long setup in NZD/CHF, anticipating a significant upward movement in the near future. Traders should consider this opportunity, as the potential for a reversal from this historical low could lead to substantial gains.
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NZD/JPY: A Potential Reversal in the MakingThe NZD/JPY pair has recently caught the attention of traders following a notable drop to the 83.000 level. This move downwards was met with significant demand pressure, setting the stage for what appears to be a potential reversal. Starting from last Wednesday, the pair has shown signs of recovery, indicating that a bullish trend might be on the horizon.
From a Supply and Demand perspective, the dip to 83.000 acted as a critical demand zone, where buyers stepped in to support the price. This zone, which had previously been tested, held firm, suggesting that there is substantial interest in the NZD/JPY at these levels. As the pair began to rise from this support, it confirmed that the demand pressure was strong enough to halt the decline and possibly reverse the trend.
Adding to the bullish sentiment is the analysis of the Commitment of Traders (COT) report. The latest data indicates a shift in positioning among large speculators and commercial traders. These market participants, who often have access to more comprehensive market data and insights, appear to be positioning themselves for a potential upward move in the NZD/JPY. This shift in sentiment among key market players further reinforces the likelihood of a reversal.
Seasonality also plays a role in our bullish outlook. Historically, certain times of the year have been more favorable for the NZD/JPY pair, with increased demand for the New Zealand dollar during specific seasons. This seasonal trend, combined with the current technical setup and COT data, provides a strong case for considering a long position in the pair.
In conclusion, the recent drop in NZD/JPY to the 83.000 level has sparked a potential reversal, supported by strong demand, favorable COT positioning, and seasonal factors. Traders looking to capitalize on this opportunity should consider a long position, keeping a close eye on further developments in the market.
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Bearish drop?NZD/CHF is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 0.52292
Why we like it:
There is a pullback resistance level.
Stop loss: 0.53016
Why we like it:
There is a pullback resistance level.
Take profit: 0.51116
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
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.
Trading the Inflation Sandwich: What to Watch?Trading the Inflation Sandwich: What to Watch?
US CPI inflation (Consumer Price Index).
The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%.
This ongoing cooling of inflation could bolster expectations for the Federal Open Market Committee (FOMC) to lower interest rates in September.
Should inflation continue its downward trajectory, the FOMC may shift its focus to job numbers with greater intensity.
Reserve Bank of New Zealand (RBNZ) rate decision
Of the 31 economists surveyed by Reuters, 9 expect the central bank to maintain its Official Cash Rate (OCR) at 5.5% for the ninth consecutive meeting, while 12 forecast a 25-basis point rate cut.
A decision to hold could lend support to the New Zealand dollar (NZD), whereas a rate cut might exert downward pressure.
Traders might like to keep an eye on the AUD/NZD cross, with key resistance and support levels possibly at $1.0975 and $1.0843
UK CPI inflation
Following the Bank of England’s (BoE) recent decision to cut the Bank Rate by 25 basis points to 5.0%—the first reduction in four years—a fresh inflation report is due from the UK.
Headline CPI inflation for July is expected to rise to 2.3% year-on-year from June's 2.0%, with estimates ranging from 2.0% to 2.4%.
Core inflation, which excludes volatile items like food and energy, is projected to hold steady at 3.5%, with a slight margin of variation between 3.3% and 3.5%.
NZDCAD..BUYAfter the price reaches the specified level,
Enter the buy deal with the Hammer candle or Ingulf candle signal
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
NZD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 88.771 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZDCAD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8259
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8214
My Stop Loss - 0.8288
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPNZD: Bullish Continuation & Long Trade
GBPNZD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry - 2.1205
Stop - 2.1082
Take - 2.1417
Our Risk - 1%
Start protection of your profits from lower levels
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NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are targeting the 0.511 level area with our short trade on NZD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
NZDUSD - Top Down Analysis (ICT)Quite interesting chart on NZDUSD. I give my analysis and opinion on what is likely to transpire next. Let's see what happens today (Friday) as I'm expecting the weekly to close below certain levels if I am correct in price coming for the SSL first. However, it may not happen today as there is no high impact news offering a catalyst for a manipulative move lower. We could see a weak close lower and then more aggressive action on PPI and CPI next week. Again, this is under the assumption that my bias of price wanting to go for the SSL first is correct.
- R2F
Potential bullish rise?NZD/JPY has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance identified as an overlap resistance.
Pivot: 87.19
1st Support: 85.45
1st Resistance: 89.94
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 Outlook: ANZ’s Forecast for Next Week NZD Outlook: ANZ’s Forecast for Next Week
ANZ anticipates that the Reserve Bank of New Zealand (RBNZ) will maintain its current interest rates at the August 14 meeting but may signal potential rate cuts before the year ends. Although ANZ estimates a small 10-15% chance that the RBNZ might shift to an easing bias during this coming meeting.
Markets are currently pricing in 89 basis points of cuts by November 2024 and 222 basis points by November 2025. However, ANZ is cautioning against expecting such drastic moves and that markets could be disappointed with this reflected in market volatility if the RBNZ doesn't deliver.
A key level to watch on the downside is April’s low which has twice served as a support level in recent weeks, rebuffing sellers.
NZD/USD is currently moving higher, nearing the 100 SMA on the daily chart. The Relative Strength Index (RSI) suggests that momentum remains strong, with the potential for a softer unemployment claim report from the US influencing the pair’s short-term direction.
NZD-JPY Will Keep Growing! Buy!
Hello,Traders!
NZD-NZD is now trading
In a local uptrend and the
Pair went above the key
Horizontal level of 87.000
Which is now a support
Then made a retest and
Is going up again now
So we are locally bullish
Biased and we will be
Expecting a local
Bullish move up
Buy!
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Check out other forecasts below too!
Potential bullish rise?EUR/NZD has bounced off the support level which is a pullback support and could rise to our take profit.
Entry: 1.81106
Why we like it:
There is a pullback support level.
Stop loss: 1.80301
Why we like it:
There is a pullback support level.
Take profit: 1.83458
Why we like it:
There is a pullback resistance level which is slightly above the 38.2% Fibonacci retracement.
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.
Bearish reversal?NZD/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.51841
Why we like it:
There is an overlap resistance which lines up with the 78.6% Fibonacci retracement.
Stop loss: 0.52432
Why we like it:
There is a pullback resistance level.
Take profit: 0.51044
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
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.
NZDUSD: Bearish Stocks and Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60300 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60300 resistance area.
Trade safe, Joe.
NZDCAD Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8260
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8215
Safe Stop Loss - 0.8292
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
Pullback resistance ahead for the Kiwi?The price is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6039
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6097
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.5981
Why we like it:
There is a pullback support level.
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.