Potential bullish rise?NZD/USD is currently on a support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6103
Why we like it:
There is a pullback support level.
Stop loss: 0.6047
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 0.6168
Why we like it:
There is an overlap resistance level which is slightly below the 61.8% Fibonacci retracement.
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NZD (New Zealand Dollar)
EUR/NZD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support.
Pivot: 1.7552
1st Support: 1.7395
1st Resistance: 1.7634
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.
GBPNZD - 4hrs ( Sell Trade Target Range 240 : 480 PIP ) ☑Pair Name : GBP/NZD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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✔️Bearish Break
2.06600 Area
Reasons
- Major Turn level
- Visible range Hvn
- Pattern Break
- Choch Daily
- week low / day low break
- Quarter's Area
- Fixed Range Poc
✔️Bullish Reversal
Profit Gains
2.04000 Area
✔️Bullish Reversal
2.01000 Area
Reasons
- Major Turn level / D
- Pattern Target
- Bullish Accumulation Zone
- 2 Quarter Low
- 3 Quarter low
- Major Choch Zone
- Visible range Hvn
GBPNZD Technical Analysis! SELL!
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.0807 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0732
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPNZD: Growth & Bullish Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.062 area.
✅LIKE AND COMMENT MY IDEAS✅
Heading into overlap resistance, could it reverse?NZD/CAD is rising towards the pivot and could potentially reverse from this level to the 1st support.
Pivot: 0.83992
1st Support: 0.83442
1st Resistance: 0.84341
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 is approaching a decent support areaHey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60800 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60800 support and resistance area.
Trade safe, Joe.
NZDCAD: Policy Divergence Favoring the KiwiHello Traders,
In today's trading session, we are keeping a close watch on NZDCAD for a promising buying opportunity around the 0.83900 level. After experiencing a prolonged downtrend, NZDCAD has successfully broken out and is currently in a correction phase. This correction is bringing the pair closer to a critical support and resistance zone at 0.83900, making it a prime area for potential buy entries.
The ongoing policy divergence between the Reserve Bank of New Zealand (RBNZ) and the Bank of Canada (BoC) adds an extra layer of favorability for the NZD over the CAD. The RBNZ's more accommodative stance compared to the BoC's policies provides a supportive backdrop for the NZD, further bolstering the case for a buying opportunity at this level.
Trade safely,
Joe
GBPNZD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.0693
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.0726
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
Inflation Concerns and Risk Sentiment: Implications for NZD/JPYAttention Traders,
In today's trading session, we are closely monitoring the NZD/JPY pair for a potential buying opportunity around the 96.900 zone. Currently, NZD/JPY is in an uptrend but is undergoing a correction phase as it approaches the key support and resistance area at 96.900.
From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) has shown no intentions of cutting rates, given that inflation remains a significant concern. On the other hand, the Japanese Yen (JPY) continues to underperform against major currencies due to prevailing risk sentiment, maintaining its bearish outlook.
Stay vigilant and trade safely.
Best regards,
Joe
NZDJPY - Keeping It Simple!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDJPY has been overall bullish, trading within the flat rising orange channel.
📚 As per my trading style:
As #NZDJPY approaches the upper bound of the channel, 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
NZD/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
NZD/CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.553 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.
✅LIKE AND COMMENT MY IDEAS✅
NZDUSD intraday dips continue to attract buyers.NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the daily chart.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 0.6150 will confirm the bullish momentum.
The measured move target is 0.6175.
We look to Buy at 0.6120 (stop at 0.6100)
Our profit targets will be 0.6170 and 0.6175
Resistance: 0.6150 / 0.6170 / 0.6175
Support: 0.6125 / 0.6120 / 0.6100
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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