NZD-JPY Will Keep Falling! Sell!
Hello,Traders!
NZD-JPY is trading in a
Local downtrend and the
Pair broke the key horizontal
Level of 95.500 which is now
A resistance, then made a
Retest and is going down
Which reinforces our bearish
Bias and makes us expect
A further move down
Sell!
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NZD (New Zealand Dollar)
NZDJPY is looking for support … the week of 15 July, 2024The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening.
This is not a trade recommendation, it is just my analysis.
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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.
NZDCAD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The instrument tests an important psychological level 0.8260
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 - 0.8294
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
NZD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NZD/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 96.950 area.
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GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved.
As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
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NZDCHF - Wait For It...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDCHF has been overall bullish , trading within the flat rising wedge marked in blue.
Currently, NZDCHF is undergoing a correction phase in the shape of a falling channel in red.
Moreover, it is retesting massive support in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #NZDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
NZD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Bullish trend on NZD/CHF, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.544.
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NZD/CHF Bullish Gartley Pattern Suggests Uptrend PotentialBullish Gartley Harmonic Pattern Formation:
The NZD/CHF currency pair is currently forming a Bullish Gartley Harmonic Pattern, indicating potential upward movement. This pattern is aligned with a significant support area, reinforcing our bullish outlook.
Key Support and Trendline Confluence:
The price has received a strong rejection at this key support level, which coincides with a critical trendline and the 78.6% Fibonacci retracement level. This confluence of technical factors strengthens the likelihood of a bullish reversal.
RSI Divergence:
Adding to our bullish sentiment is the RSI divergence observed on the 4-hour time frame. The RSI is showing signs of divergence, suggesting a potential shift in momentum in favor of the bulls.
Trade Setup:
Entry Point: 0.54125
Stop Loss: 0.53460
Take Profit Targets:
TP-1: 0.54790
TP-2: 0.55455
TP-3: 0.56120
Conclusion:
Based on the alignment of the Bullish Gartley Harmonic Pattern, key support area, trendline, 78.6% Fibonacci retracement level, and RSI divergence, we anticipate a potential bullish move in the NZD/CHF pair. Traders should consider entering at the specified entry point with the given stop loss and take profit targets for an optimized risk-reward ratio.
GBPNZD: DT Curve Analysis📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146.
📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot range. It's important to note that there will likely be a lot of consolidation in this area.
📈 If the price closes below the mid-pivot, the downtrend is expected to continue. Conversely, a turnaround to the upside could occur at the major support level of approximately 2.0235.
🙏 Let's remain optimistic and hope for favor as we navigate the market.
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could fall to the 1st support.
Pivot: 0.8348
1st Support: 0.82764
1st resistance: 0.83837
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.
NZDCAD Set To Grow! BUY!
My dear subscribers,
NZDCAD looks like it will make a good move, and here are the details:
The market is trading on 0.8290 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8304
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPNZD Simple Trade Plans PRE New Zealand InflationA rampant GBP Post UK Elections and a dovish stance coming out the RBNZ have provided us with a significant rally to start to look short on (Carefully).
If CPI comes in higher, we may see a reversal of the latest NZD sentiment, ultimately dropping GBPNZD (not a given).
Short side bias comes at local highs, extreme push. Likely to weaken.
NZDCHF What Next? BUY!
My dear subscribers,
My technical analysis for NZDCHF is below:
The price is coiling around a solid key level - 0.5400
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5426
My Stop Loss - 0.5385
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
EURNZD to continue in the upward move?EURNZD - 24h expiry
Our short term bias remains positive.
Setbacks should be limited to yesterday's low.
We look to buy dips.
20 4hour EMA is at 1.7921.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 1.7928 (stop at 1.7878)
Our profit targets will be 1.8048 and 1.8068
Resistance: 1.7978 / 1.8061 / 1.8100
Support: 1.7925 / 1.7900 / 1.7870
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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NZDUSD: Bullish Indices And Potential UpsidesHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60300 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60300 support and resistance area.
We Would also like to consider the current bullish bias on Stocks, due to the positive correlation NZDUSD can benefit from that!
Trade safe, Joe.