NZD-CHF Very Risky Long! Buy!
Hello,Traders!
NZD-CHF is collapsing
Further down and has lost
Almost 7% from the local peak
So the pair is massively oversold
And as it is about to retest
The horizontal support of 0.5237
A local bullish correction
But this is a risky setup
Because of how easily
The pair broke all the
Previous support levels
So please use no more
Than 0.5% of the account
For this trade
Buy!
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NZD (New Zealand Dollar)
NZDCAD Will Go Up! Buy!
Please, check our technical outlook for NZDCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.819.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.825 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.
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NZDUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59400 zone, NZDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area.
We would also like to consider the current bearish momentum on DXY and the easing inflation in the US.
Trade safe, Joe.
NZDCAD Simple Trade Plans (Technical/Fundamental)The latest mid-term downtrend has reflected an uptrend/upwards trajectory on a faster easing BOC Policy.
Lately, The RBNZ has reacted to data and given a more dovish stance, supplying NZD weakness and a return back down the up-trending channel.
CPI out of Canada today does not change this, NZD data later might.
Sentiment case still largely supports upside.
NZD/CHF Vey Near Best The Place To Buy It And Get 250 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPNZDGBPNZD price is in an uptrend. The price has an opportunity to test the resistance zone. 2.18438-2.19213 If the price cannot break through the 2.19213 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
BIG BOUNCE SETTING UP IN NZD/JPYA monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY)
A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size could lead to one of those 7 figure profitable trades in a few days.
GBPNZD ... 2 entery for position Hello dear forex trade
This price action for GBPNZD
I sell in two steps...
the first is with the confirmation of the candlestick pattern on the lower time frame... for the second sale, I wait for a new HH after it is rejected, I enter another sell step... this setup is a combination of rtm price aaction and Fibonacci
Good luck
mehdi
NZD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.541 level.
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NZDUSD: Technical Pressure Mounts Amid Weak Trade DataNZDUSD – technical overview
Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this prospect. A monthly close below 0.5800 will intensify bearish price action.
R2 0.6154 – 8 July high – Strong
R1 0.6098 – 17 July high – Medium
S1 0.5942 – 3 May low – Medium
S2 0.5900 – Figure – Strong
NZDUSD – fundamental overview
On the surface, New Zealand trade data produced a solid headline reading. However, at closer glance, the underlying components were distressing, with both imports and exports declining outright. This along with an ongoing slide in commodities prices proved to be a big weight on the New Zealand Dollar. Key standouts on Tuesday’s calendar come from Eurozone consumer confidence, US existing home sales, and Richmond Fed manufacturing.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Falling towards pullback support?NZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
Entry: 93.53
Why we like it:
There is a pullback support level.
Stop loss: 92.44
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 95.10
Why we like it:
There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement.
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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 0.5975 will confirm the bearish momentum.
The measured move target is 0.5950.
We look to Sell at 0.5990 (stop at 0.6014)
Our profit targets will be 0.5930 and 0.5915
Resistance: 0.5990 / 0.6000 / 0.6010
Support: 0.5975 / 0.5960 / 0.5950
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.
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WEEKLY FOREX FORECAST July 22-26th: EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 22-26th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
... and BitCoin
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NZD-CAD Long From Support! Buy!
Hello,Traders!
NZD-CAD went down
Sharply and the pair is
Locally oversold so as
It is already retesting the
Horizontal support of 0.8204
We will be expecting a local
Bullish correction
Buy!
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GBPNZDGBPNZD price is near the resistance zone. 2.16017-2.16223 If the price cannot break through the 2.16223 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
NZDJPY Is Going Down! Sell!
Take a look at our analysis for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 94.587.
Considering the today's price action, probabilities will be high to see a movement to 94.204.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.148 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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7 Dimension Sell Setup FOR NZDCADCORE Analysis Method: Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish with BOS
Swing Move: Corrective move just reached at POI, making a deeper pullback for correction.
Internal Structure: Bearish, aligning with the larger timeframe.
POI: Momentum move in the low Premier zone.
Time Frame Confluence: H4, H1, M15, M5.
2️⃣ Pattern
🟢 CHART PATTERNS: Double top with false breakout.
🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting.
3️⃣ Volume:
Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume.
4️⃣ Momentum RSI:
🟢 In bearish momentum zone with range shift.
5️⃣ Volatility Bollinger Bands:
🟢 Contraction is just beginning, so the price might make a small range before moving further down.
6️⃣ Strength: NZD is weaker against CAD.
7️⃣ Sentiment: SELL.
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: EXT ORDER BLOCK high probability
☑️ FIB Trigger: Activated
💡 Decision: SELL
🚀 Entry: 0.8337
✋ Stop loss: 0.8360
🎯 Take profit: 0.8156
😊 Risk to reward Ratio: 8 RR
🕛 Expected Duration: 20 days
SHORT SUMMARY
The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5.
A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume.
The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment.
The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.