NZDCAD ShotNZDCAD Sell Limit 1:21RR
Nzdcad been falling for a few months now making it a bearish trend on the high time frame.
Hoping it'll drop more torwards my Buy Target
NZD
NZDJPY Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 90.400 zone, NZDJPY 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 90.400 support and resistance area.
Trade safe, Joe.
NZDUSD: Reacting to Fed Warning and NFP ImpactGreetings Traders, In today's trading session, we're closely watching NZDUSD for a potential selling opportunity around the 0.60850 zone. NZDUSD, previously in an uptrend, is now in a correction phase, nearing the retrace area at the 0.60850 resistance zone.
Adding a fundamental layer to our analysis, recent positive USD data has influenced market sentiment. The Federal Reserve's warning of unlikely rate cuts in March, coupled with the robust Non-Farm Payrolls (NFP) report showing 353,000 jobs added in January versus an expected 180,000, has strengthened the US dollar.
Traders should consider these USD fundamentals when assessing NZDUSD for potential selling opportunities. As the USD gains strength on positive economic data and Fed's cautious stance, NZDUSD could face downward pressure, making it a candidate for selling positions.
Stay informed and trade wisely.
Joe.
SELL TRADE SETUP ON NZDUSDHey Trader,
Check this analysis out on NZDUSD
After the FOMC data that simply put Dollar in a more stable state, NZDUSD has successfully retested the previously used Resistance zone (Trendline) and is moving toward the downside as trend continuation, possibly after the break of the flag pattern
Keep a close tab on this one.
EURNZD Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.77400 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.77400 support and resistance area.
Trade safe, Joe.
Sell EURNZD Bearish ChannelEUR/NZD M30 Bearish Channel: Prepare for Potential Selling Opportunities
The EUR/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward momentum and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: As illustrated in the image below, the price has been trading within a descending channel, characterized by two converging lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 1.7691, which sits close to the channel resistance, potentially offering a favorable entry point near a potential reversal point.
Target Levels: Initial bearish targets lie at the support levels of 1.7562 and 1.7487, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.7750. This helps limit potential losses if the downtrend breaks unexpectedly.
Thank yuou
EURNZD – eyeing expressions of EUR shortsAfter a rally into 1.7935, the structure in the flow and the set-up has changed, and the sellers are starting to dominate. We’ve seen a daily close through the rising uptrend (drawn from the Jan lows), with a strong rejection of the 200-day MA.
Fundamentally we’ve heard a more hawkish assessment today from the RBNZ chief economist Paul Conway that “non-tradeable inflation was higher than expected” and “is a long way from 2%”. ANZ Bank is now even saying that a 25bp rate hike from the RBNZ on the 28 Feb meeting can’t be ruled out. Contrast this to expectations of ECB policy, with the ECB opening the door to cuts from the March meeting and the balance of risk is skewed to lower levels. This Thursday’s EU CPI print (at 21:00 AEDT) could have significant implications for EUR pairs, so monitor exposures over this data. A core CPI print below 3% opens the prospect of a 25bp cut at the March ECB meeting, although April is still the default date starting point.
EURNZD Forecast: Assessing Uptrend Correction near 1.76600 SuppoIn tomorrow's trading session, our focus is on EURNZD as we observe a potential buying opportunity around the 1.76600 zone. EURNZD is currently in an uptrend, and amidst a correction phase, the price is approaching the crucial support and resistance area at 1.76600.
Traders should consider this as a potential entry point for long positions, given the prevailing uptrend in EURNZD. The correction phase provides an opportunity to enter the market at a favorable price level near the 1.76600 support area.
Trade safe,
Joe.
NZDUSD Breakout and potential retraceHey Traders, in the coning week we are monitoring NZDUSD for a buying opportunity around 0.60600 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 at 0.60600 support and resistance zone.
Trade safe, Joe.
AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.07700 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07700 support and resistance area.
Trade safe, Joe.
Sell NZDJPY Triangle BreakoutA bearish triangle pattern has emerged on the NZD/JPY 30-minute chart, signaling a potential decline in the pair's value.
Key Points:
1. Triangle Breakout Pattern:
The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move.
2. Sell Entry Opportunity:
A break below the lower support line of the triangle, around 90.10, could signal a bearish breakout and offer a potential sell entry.
3. Bearish Targets:
If the breakout materializes, initial bearish targets could be found at the support levels of 89.56 and 89.20.
4. Resistance Level:
The resistance level at 90.40 may act as a barrier to further upward movement, reinforcing the potential for a downside breakout.
5. Risk Management:
A stop-loss order could be placed above the upper resistance line of the triangle to manage risk in case the breakout fails.
Fundamental Updates :
Weaker New Zealand Trade Data: New Zealand's trade deficit widened in December, potentially weakening the Kiwi Dollar against the Yen.
Risk Aversion: Recent geopolitical tensions and concerns about global economic growth could trigger risk aversion, pushing investors towards safe-haven currencies like the Japanese Yen.
Thank you
NZDCAD - Keep It Simple 👌Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following sell setups on lower timeframes.
On H1: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major low in gray.
📉 Meanwhile, until the bears take over, NZDCAD can still trade higher for an over-extended correction movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82300 support and resistance area.
Trade safe, Joe.
NZDUSD to find sellers at market?NZDUSD - 24h expiry
There is no clear indication that the downward move 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 0.6075 will confirm the bearish momentum.
The measured move target is 0.6025.
We look to Sell at 0.6100 (stop at 0.6130)
Our profit targets will be 0.6025 and 0.6000
Resistance: 0.6100 / 0.6115 / 0.6130
Support: 0.6075 / 0.6050 / 0.6025
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.
Inflation Symphony: Harmonizing AUDNZD's Dance with RBNZIn today's trading session, our attention is on AUDNZD, with a keen interest in a buying opportunity around the 1.07900 zone. Having broken out of a downtrend, the pair is currently in a correction phase, edging closer to the retrace area at 1.07800 support and resistance. A potential target could be the monthly resistance at 1.08700.
Now, delving into the fundamental landscape, we turn to the upcoming Consumer Price Index (CPI) release by the Reserve Bank of New Zealand (RBNZ) on January 23rd. Let's examine the recent CPI data to gauge potential implications. In the previous releases, we observe a trend of declining inflation:
Oct 16, 2023: 1.8%
Jul 18, 2023: 1.1%
Apr 19, 2023: 1.2%
Jan 24, 2023: 1.4%
Oct 17, 2022: 2.2%
Comparing these figures, there is a consistent downward trajectory in inflation. The expected CPI on January 23rd is 0.5%, indicating a potential continuation of subdued inflation.
These numbers suggest a dovish outlook for the RBNZ, as persistently low inflation may prompt policymakers to maintain or adopt an accommodative stance. This, in turn, could impact the New Zealand Dollar (NZD), potentially weakening it.
As traders evaluate this AUDNZD opportunity, it's essential to consider both technical and fundamental aspects for a comprehensive perspective.
Trade safe, Joe.
Decoding GBPNZD: CPI Trends Point to Potential NZD WeaknessIn today's trading session, our focus is on GBPNZD, where we are eyeing a buying opportunity around the 2.08000 zone. GBPNZD is currently traversing an ascending channel and is in a correction phase, approaching the channel support at 2.08000.
Adding a fundamental layer to our analysis, recent Consumer Price Index (CPI) data indicates a trend of softening inflation in New Zealand. Looking at the previous CPI figures, we observe a declining pattern from 2.2% in October 2022 to 1.8% in October 2023. The expected CPI on January 23rd is 0.5%, signaling a potential continuation of subdued inflationary pressures.
This soft print in CPI may impact the New Zealand Dollar (NZD), as a lower-than-expected inflation rate could prompt concerns about economic growth and lead to a dovish stance by the Reserve Bank of New Zealand (RBNZ). Traders should factor in the possibility of NZD weakness in their decision-making process.
Turning to technicals, GBPNZD's ascending channel provides a clear structure, with the correction approaching the channel support at 2.08000. Considering the channel's historical behavior, a potential target could be the channel resistance at 2.10.
As traders navigate this opportunity, a comprehensive analysis that combines both technical and fundamental factors is crucial. This dual perspective enables a more informed approach to trading decisions.
Trade safe, Joe.
AUD/USD, NZD/USD hint at a round of risk-offIf commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD.
The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce from support we anticipated has run its course. And with NZD/USD hitting new cycle lows with a bearish engulfing day and closed beneath its 100/200-day EMAs likely brings 60c into mind for bears, and 65c for AUD/USD bears.
Will NZDUSD continue in the downward move?NZDUSD - 24h expiry
Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6100 will confirm the bearish momentum.
The measured move target is 0.6050.
We look to Sell at 0.6125 (stop at 0.6149)
Our profit targets will be 0.6065 and 0.6050
Resistance: 0.6125 / 0.6135 / 0.6150
Support: 0.6100 / 0.6075 / 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.
Market Watch: GBPNZD's Support and Resistance DynamicsIn today's trading session, our attention turns to GBPNZD, where we are observing a potential buying opportunity around the 2.06900 zone. GBPNZD, currently in an uptrend, is navigating a correction phase, drawing closer to the trend at the 2.06900 support and resistance area.
From a technical standpoint, the uptrend in GBPNZD suggests a positive bias in the market. Traders eyeing this pair should pay attention to key support and resistance levels, using them as potential entry and exit points. The 2.06900 zone serves as a critical area where market participants may reassess their positions, leading to potential trading opportunities.
Monitoring price action, trendlines, and key technical indicators can provide valuable insights for traders considering engagement with GBPNZD. As always, it's crucial to implement risk management strategies to navigate market fluctuations.
EURNZD Potential UpsidesHey Traders, in today's trading session we are monitoring EURNZD for a buying opportunity around 1.77200 zone, EURNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.77200 support and resistance area.
Trade safe, Joe.
NZDCHF Over strong Support from 2020 may be a great longNZDCHF is on a strong Support from 2020 may be a great long until 0.55.
Longer TPs are possible targets too!
But something is, we are in a strong support, regardless;
Might counce back to:
Weekly 200 EMA too!
Sell NZDJPY Triangle BreakoutChina economic data: China is due to release its Q4 GDP data on January 17, 2024. Strong data could boost risk appetite and support the NZD. However, weak data could lead to further risk aversion and put downward pressure on the NZD/JPY.
Sell NZDJPY Triangle Breakout
NZD/JPY - M30 Chart - Price Breaks the pattern now.
its good chance to sell now.
Thank you.
SELL EURNZD
Consider selling EURNZD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
