AUDNZD Reversal expected. Cyclical bearish signal emerging.Has been a while since we looked into the AUDNZD pair, following our Sell Signal on November 16 2023 (see chart below):
The price has now reached the 1.093250 Symmetrical Resistance, which has basically only broken once in the last 12 months. Ahead of a potential 1D MACD Bearish Cross, we see a high resemblance of the current High with the June 20 2023 peak.
As a result, we are turning bearish on this pair, targeting the 0.618 Fibonacci retracement level (as the July 14 2023 Low) at 1.07100.
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NZD
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59800 support and resistance area.
Trade safe, Joe.
GBPNZD has a strong upside momentum, could it rise further?Price is falling towards an overlap support and could bounce from this level to our take profit
Entry: 2.10607
Why we like it:
There is an overlap support level which aligns with the 23.6% Fibonacci retracement
Stop loss: 2.09344
Why we like it:
There is an overlap support level
Take profit: 2.12203
Why we like it:
There is an alignment with the 78.6% Fibonacci projection
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NZDJPY to form a lower high?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.60.
We look to Sell at 90.60 (stop at 90.84)
Our profit targets will be 90.00 and 89.85
Resistance: 90.60 / 90.80 / 91.10
Support: 90.20 / 89.90 / 89.60
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.
EURNZD to breakdown?EURNZD - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
An Evening Doji Star formation has been posted at the high.
A break of bespoke support at 1.8000, and the move lower is already underway.
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
We look to Sell a break of 1.7999 (stop at 1.8049)
Our profit targets will be 1.7879 and 1.7859
Resistance: 1.8072 / 1.8099 / 1.8130
Support: 1.8000 / 1.7950 / 1.7900
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.
NZDJPY Channel Up Buy SignalThe NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023.
The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current pull-back, we now turn bullish on this pair, targeting 94.500 (+5.44% rise, which has been the minimum % increase of Bullish Legs within this pattern).
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NZDUSD to continue in the downward move?NZDUSD - 24h expiry
There is no clear indication that the downward move is coming to an end.
Further downside is expected.
Short term RSI has turned negative.
A move through 0.5925 will confirm the bearish momentum.
The measured move target is 0.5890.
We look to Sell at 0.5960 (stop at 0.5984)
Our profit targets will be 0.5900 and 0.5890
Resistance: 0.5950 / 0.5965 / 0.5990
Support: 0.5925 / 0.5900 / 0.5890
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.
GbpNzd a pullback for long?Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watch out for the pair to go long, extended pair, but structurally still for me to go on long unless something changes
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Sell NZDCHF Rising WedgeThe NZD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a rising wedge pattern. This pattern, despite an initial upward angle, is often seen as a bearish reversal signal.
Key Points:
Rising Wedge Breakout: The price has been trading within a rising wedge pattern characterized by converging upward trendlines. While the initial trend appears bullish due to the rising trendlines, this pattern can often be a bearish reversal signal. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation.
Sell Entry: Consider entering a short position around the current price of 0.5425, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: The initial bearish target lies at 0.5390, which represents the support level before the wedge formation. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the wedge, ideally around 0.5445. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
NZDUSD is approaching a significant zoneHey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.60200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60200 support and resistance area.
Trade safe, Joe.
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
We have a 50% Fibonacci pullback level of 90.85 from 91.25 to 90.20.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.80.
We look to Sell at 90.80 (stop at 91.10)
Our profit targets will be 90.05 and 89.90
Resistance: 90.80 / 91.10 / 91.40
Support: 90.20 / 89.90 / 89.60
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.
NZDCAD - Already OverSold ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCAD has been overall bearish, trading within the falling channel in red.
Currently, NZDCAD is approaching the lower bound of the channel.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline.
📚 As per my trading style:
As #NZDCAD is hovering around the 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
Sell NZDJPY Bearish FlagThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation.
Key Points:
Sell Entry: Consider entering a short position (selling) around the current price of 90.85, positioned near the resistance line of the flag. This offers an entry point close to the perceived continuation of the downtrend.
Target Levels: Initial bearish targets lie at the following levels:
90.30: This represents the height of the flag, measured from the top trendline to the bottom trendline, projected downwards from the breakout point.
89.92: This is a further extension of the downside target, based on the height of the flagpole (the initial downtrend before the flag formation).
Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the flag, ideally around 91.30. This helps limit potential losses if the price breaks above the flag pattern.
Thank you.
AUD/NZD next wave down(~500 pip)(3/26/2024)Hello Traders
it looks like AUD/NZD is starting a new wave dive down into 1.035.
The first correction wave A has been established then the price has made a horizontal triangle as wave B, by breaking down the horizontal triangle AUD/NZD has made a new wave down as C.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
NZDUSD to turnaround?NZDUSD - 24h expiry
We are trading at oversold extremes.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6010 will confirm the bullish momentum.
The measured move target is 0.6035.
We look to Buy at 0.5990 (stop at 0.5968)
Our profit targets will be 0.6045 and 0.6060
Resistance: 0.6010 / 0.6030 / 0.6035
Support: 0.6000 / 0.5990 / 0.5975
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 Possible Sells ?I'm probably crazy, Yeah I know
What's up folks Brandon here. Today I have some possible sells on NZDCHF, I think sells just make overall sense as none of the data I have taken in builds my confidence in a buy.
Furthermore it feels like a buy seems to obvious. I am extremely cautious of when a set up feels obvious. I like to go against the grain, and No that doesn't mean I am simply interested in doing the exact opposite of what I think everyone is doing. It simply means trying to have my own opinion, one that isn't afraid of being judged because it is different.
I'm not here to be liked, I'm here to win trades, and even if this trade doesn't win, that's fine there will be others, at least I know I've tried to have a unique perspective on what it is I am seeing
Let's see what happens on NZDCHF in the next few hours or so
NZDUSD Wave AnalysisHello Traders, Base on technical and wave analysis we see this scenario for #NZDUSD for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
NZDUSD Strong medium-term buy opportunity.The NZDUSD pair easily broke above the former Channel Down on our last buy signal (October 27 2023, see chart below) and then went on a slow long-term retrace:
The restructured pattern is close to forming a Death Cross on the 1D time-frame, which would be the first since July 06 2023, a formation that turned out to be a buy signal. As the 1D RSI broke below its former Higher Lows trend-line and went below 35.00, a bullish pattern arises. As you can see such RSI pattern priced the Lows of October 26 2023 and May 31 2023, which where bottom buy opportunities that targeted the 0.786 Fibonacci retracement level from the previous High of the Channel Down.
Assuming the price soon hits its Lower Lows trend-line, a projected 0.786 Fib is around 0.6280 but we are targeting marginally lower at the top of the Channel Down at 0.62350, as until it breaks, it remains the dominant pattern.
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NZDUSD Approaching a significant levelHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61200 support and resistance area.
Trade safe, Joe.
GBP/NZD Long Trade IdeaConsidering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.
EurNzd to move higher?ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week i mentioned about GbpNzd, took quite some time for the breakup. small rangy moves over the last week for both EurNzd and GbpNzd. the wait was over on thurs.
Can see more upside..prefer to have some pullbacks to long. Shall watch.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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