Nzdusd SellPrice seems to be forming a Head and Shoulders pattern on the 15m tf. price recently made a supply zone (.61500-525) and a choch. price retested the neckline of the "H&S" and went up to retest resistance at .61475 and after forming the choch. we can make a entry on a lower tf when price makes a choch. we can take profit at the next demand at .61250
NZD
NZD/USD will go under 0.600 soonHello Traders
It seems NZD/USD is going to make a diagonal correction.
it is possible, since we are bullish on USD.
so we are expecting the price will reach 0.60 and 0.595 levels eventually.
Our technical view has been shown in the chart.
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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 remains volatile in a trading range.NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the daily chart.
Pivot resistance is at 0.6140.
We expect a reversal in this move.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6050.
We look to Sell at 0.6140 (stop at 0.6166)
Our profit targets will be 0.6075 and 0.6060
Resistance: 0.6120 / 0.6140 / 0.6150
Support: 0.6075 / 0.6065 / 0.6050
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 tripple bottom on support line bounced of fibit had a nice run to the swing high, it had a correction to the .618 fib which is a healthy retest showing bullish behavior for a continuation
the adx lowered out and is now recovering showing we should be able to resort to trend following tactics soon
NZDJPY to find buyers at current support?NZDJPY - 24h expiry
Trading within a Bullish Channel formation.
Dips continue to attract buyers.
The hourly chart technicals suggests further downside before the uptrend returns.
A lower correction is expected.
Bespoke support is located at 91.30.
We look to Buy at 91.30 (stop at 91.00)
Our profit targets will be 92.05 and 92.25
Resistance: 91.90 / 92.20 / 92.40
Support: 91.30 / 91.00 / 90.70
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.
NZDUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61250 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61250 support and resistance zone.
Trade safe, Joe.
EurNzd likely more down side ,watch pullbacksHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for lower timeframe pullback to short.
Do check out my stream video for the week to have more explanation in place.
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Exploring the Link Between USD Strength and Bearish NZDCADHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83050 zone. NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83050 support and resistance area.
Adding a fundamental layer to our analysis, it's crucial to consider the impact of USD strength on global markets. A stronger USD often leads to bearish sentiment in global stocks due to its negative correlation with risk assets. As investors flock to the safety of the US dollar during times of uncertainty, riskier currencies like the New Zealand dollar (NZD) tend to weaken. Consequently, bearish sentiment in stocks can translate into downward pressure on NZDCAD as traders seek safer havens.
Trade safe,
Joe.
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61600 support and resistance area.
Trade safe, Joe.
EURNZD to find sellers at market levels?EURNZD - 24h expiry
Broken out of the channel formation to the downside.
With resistance seen at 1.7690 and Marabuzo resistance at 1.7680, there is scope for selling rallies.
Preferred trade is to sell into rallies.
Short term MACD has turned negative.
50 4hour EMA is at 1.7692.
We look to Sell at 1.7685 (stop at 1.7735)
Our profit targets will be 1.7565 and 1.7535
Resistance: 1.7660 / 1.7690 / 1.7730
Support: 1.7640 / 1.7600 / 1.7550
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.
NZDUSD remains mixed and volatile.NZDUSD - 24h expiry
Price action has stalled at good resistance levels and currently trades just below here (0.6120).
We expect a reversal in this move.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6040.
Our profit targets will be 0.6060 and 0.6045
We look to Sell at 0.6120 (stop at 0.6144)
Resistance: 0.6120 / 0.6135 / 0.6150
Support: 0.6100 / 0.6045 / 0.6040
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 - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCAD has been overall bearish , trading within the falling channel in blue.
At present, NZDCAD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance.
Moreover, it is retesting a strong supply zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline.
📚 As per my trading style:
As #NZDCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a top 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
Buy NZDJPY Bullish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing upward momentum and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Buy Entry: Consider entering a long position around the current price of 90.05, which sits close to the channel support. This could offer an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 90.73 and 91.06, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 89.85. This helps limit potential losses if the price reverses and breaks back down.
Thank you
NZDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area.
Trade safe, Joe.
NZDCAD Bearish stocks and potential downsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82150 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82150 support and resistance area.
Trade safe, Joe.