NZD (New Zealand Dollar)
NZDCAD: Bullish Continuation & Long Signal
NZDCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long NZDCAD
Entry - 0.8192
Sl - 0.8169
Tp - 0.8232
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.192.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
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.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.57800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.57800 support and resistance area.
Trade safe, Joe.
GBPUSD CORRECTIONWe mis thought this one, it slipped to the lower KL but still going up ;
it might take a little longer, we can expect the objective by Monday and not tomorrow ;
be careful if it breaks this Lower KL, it s over and going down, there's no going back.
Sorry for this little error, we'll try to avoid it next time.
GBP-NZD Local Long! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend so despite the fact
That the pair is making a local
Bearish correction now we are
Bullish biased so after it retests
The horizontal support of 2.1872
We will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
GBPUSD GOING TO THE SKYGBP/USD is showing bullish momentum, supported by a decisive breakout above a key resistance level, accompanied by strong bullish candles and increased volume, signaling robust buying interest. Earlier in the session, a liquidity sweep below a major support level likely triggered sell stops, followed by a sharp reversal, indicating accumulation by smart money. The pair has also respected a rising intraday trendline, bouncing off it and reinforcing the upward trajectory. Technical indicators, such as bullish divergences on the RSI and MACD, further confirm weakening bearish momentum and potential for continuation higher. Additionally, the 50- and 200-period moving averages on lower timeframes are sloping upward, with a golden cross reinforcing the bullish outlook. This setup, combined with low-volume pullbacks, suggests a strong environment for further intraday gains.
+ was going down in response to the previous liquidity levels, is now answering this by reaching the higher K levels
#GBPNZD 1DAYGBPNZD Daily Analysis
The GBPNZD pair is trading near the resistance line of an uptrend channel on the daily chart. This level marks a key area where selling pressure could emerge, presenting a potential sell opportunity if the price shows signs of rejection.
Technical Outlook:
Pattern: Uptrend Channel Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price rejects the channel resistance with bearish confirmation signals.
Traders should watch for reversal patterns, such as bearish engulfing candlesticks or indicators like RSI showing overbought conditions. Implement proper risk management by placing stop-loss orders above the resistance line, with profit targets set at the midline or lower boundary of the channel.
Bullish bounce off overlap support?EUR/NZD is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.79861
1st Support: 1.79243
1st Resistance: 1.82090
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.
Bearish reversal?AUD/NZD is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 1.10436
1st Support: 1.09622
1st Resistance: 1.10881
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.
NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no indication that the selloff is coming to an end.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.5775 will confirm the bearish momentum.
The measured move target is 0.5750.
We look to Sell at 0.5820 (stop at 0.5844)
Our profit targets will be 0.5760 and 0.5750
Resistance: 0.5800 / 0.5820 / 0.5850
Support: 0.5775 / 0.5760 / 0.5750
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Falling towards 50% Fibonacci support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2.1903
Why we like it:
There is a pullback suppor tlevel that lines up with the 50% Fibonacci retraecment.
Stop loss: 2.1720
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Take profit: 2.2098
Why we like it:
There is a pullback resistance level.
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NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.58700 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58700 support and resistance area.
Trade safe, Joe.
TradeCityPro | NZDCAD : Approaching Key Support Levels👋 Welcome to TradeCityPro!
In this analysis, I will review the NZDCAD forex pair for you. The analysis will be conducted on the daily timeframe.
📅 In this timeframe, a gradually sloping upward channel can be observed, with the price currently positioned near the bottom of the channel. The nearest support level to the current price is at 0.81376.
🧩 If the RSI manages to stabilize above 56.22, upward momentum could enter the market, allowing the price to potentially move towards the 0.83869 level.
📈 If 0.83869 is broken, the next resistance level will be at 0.86836, which approximately overlaps with the upper boundary of the ascending channel.
🔽 In the bearish scenario, as mentioned earlier, the first support level is 0.81376, and if this area is broken, the next support level will be 0.79789, which is one of the strongest support zones on the chart.
🔑 Overall, considering the more bearish momentum and the gentle slope of the ascending channel, I believe the likelihood of the channel breaking downward is quite high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
NZDJPY to turnaround?NZDJPY - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The selloff is close to an exhaustion count on the daily chart.
Price action looks to be forming a bottom.
Bespoke support is located at 87.80.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 87.80 (stop at 87.30)
Our profit targets will be 89.00 and 89.25
Resistance: 89.00 / 89.50 / 90.00
Support: 88.50 / 87.80 / 87.30
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDCHF The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The price is coiling around a solid key level - 0.5111
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5148
Safe Stop Loss - 0.5093
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 BULLS ARE STRONG HERE|LONG
Hello, Friends!
NZD-CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.516 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/CHF pair.
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NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD fora selling opportunity around 0.83200 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in a correction phase in which it is approaching the trend at 0.83200 support and resistance area.
Trade safe, Joe.
NZDJPY Offer Shorting OpportunitiesNZD/JPY remains in a bearish structure, rejecting key resistance near 88.88 and 89.98.
Sellers appear dominant, with the possibility of a retracement to trap liquidity before resuming the downtrend.
The next significant target lies at 86.60, a critical support level that aligns with previous demand.
The pair's bearish momentum suggests rallies may offer shorting opportunities.
This setup highlights patience in waiting for a retracement before positioning for a bearish continuation.
A clean break below 86.60 could unlock further downside potential.
FOREX: NZDSGD Short made on 4/12/2024. 0 risk holding 1) This is a trade I am holding right now. The entry point is 0.78965. The stop loss was placed on
0.79191.
2) The current risk and reward ratio is 3 and we are still holding it.
3) We have execute of tracking take profit currently as it meets our requirement.
4) We are targeting 0.77834. It is my take profit.
Feel free to ask me anything:)
NZDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.58600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58600 support and resistance area.
Trade safe, Joe.