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NZD

AUDNZD Sell signal on the Symmetrical ResistanceThe AUDNZD pair is consolidating on the 1D MA50 (blue trend-line) for 4 straight 1D candles, having formed a 1D Golden Cross last week. Even though that is a technically bullish formation, as long as it doesn't break above the 1.093250 Symmetrical Resistance, a rejection seems more probable. As long as it holds, we will sell and target the Higher Lows trend-line at 1.06200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
8
AUD/NZD to benefit from yield differentials? A strong 2-day rally this week suggests AUD/NZD has printed its swing low at 1.07266. Whilst NZ inflation data was stronger than expected in Q2 and saw AUD/ZD pull back to 1.0800, we suspect it is still lower from the prior reads to allow the RBNZ to hold rates steady with an economy already in a recession. We therefore see today's retracement lower to 1.080 as a potential gift for bulls, and for a move to 1.0900 or even 1.1000 over the coming weeks. The RBA may still have to hike once or more and that could see expectations of a lower RBNZ-RBA cash rate and support AUD/NZD. A break beneath this week's low invalidates the bullish bias.
Long
by CityIndex
NZDJPY Support break-outs determine our tradesNZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone: The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance 1 (89.700). If the price breaks below Support 1 (86.230) we will sell and target the bottom (Higher Lows trend-line) of the Bullish Megaphone at 85.330, near the 1D MA200. A 1D candle close below that, will be a bearish break-out signal for us and we will sell again, targeting Support 2 (83.540). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
🔥 NEW: GBPNZD 🔥 COUNTERTREND 🔥⚠️ A countertrend trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the trend identified by P2P INDi Curve Analysis. countertrend trading can be a very profitable strategy, but it is also more risky than trend following. -SL @ 2.0930 🚫 SLO @ 2.0845 ⏳ SSO @ 2.0725 ⏳ TP1 @ 2.0525 (shaving 25%) TP2 @ 2.0350 (shaving 25%) TP3 @ 2.0215 (shaving 25%) TP4 @ 2.0000 (closing ALL Sell Orders) Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair. WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Short
by ProfessorCEWard
NZDUSD forming a bottom?NZDUSD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. Risk/Reward would be poor to call a buy from current levels. A move through 0.6225 will confirm the bullish momentum. The measured move target is 0.6275. We look to Buy at 0.6180 (stop at 0.6145) Our profit targets will be 0.6255 and 0.6275 Resistance: 0.6225 / 0.6255 / 0.6275 Support: 0.6200 / 0.6180 / 0.6175 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.
Long
by OANDA
EURNZD Long near correction coming soonEUR/NZD’s rebound this month has lacked strength, just as the cross approaches a stiff hurdle at the early-May high of 1.7835. Chances are that EUR/NZD could settle in a 1.7150-1.7850 range in the near term. This follows a retreat in April from the top of a rising channel since 2015. Any break above immediate support at Tuesday’s low of 1.7570 would raise the odds of the range view. RSI above 50 increasing bullish momentum: Pullback possible. Data from Eurostat revealed that the euro zone economy entered into a technical recession as recently as Q1, although only just. Q4 data was revised from a 0 quarterly growth to a 0.1% contraction while the third estimate of Q1 went from 0.1% growth to a 0.1% contraction. Deteriorating economic conditions considered alongside encouraging core inflation data suggest that the euro could come under more pressure despite the ECB adamant on further rate hikes. Markets anticipate the ECB will hike next week and again in either July or September but if subsequent inflation data heads lower, a case could be made that the committee consider a pause or even a ‘skip’ like the Fed is likely to implement.
Long
by DaveBrascoFX
2
Kepp it easy NZDJPY Long Can go Above 101Trend Bullish Momentum bullish Pivozs bullish broken, we will make new Higher Highs If the NZD/JPY breaks the abovementioned price level, the next stop would be the 89.00 psychological level, as the pair gets on its way toward testing the 2015 high at 92.42. Conversely, the NZD/JPY first support would be the May 23 high at 87.31, which, once cleared, would expose the May 24 daily high turned support at 86.68. The following support levels would be the Tenkan-Sen line at 86.00 and the Kijun-Sen line at 85.56. Given that the Ichimoku cloud suggests the NZD/JPY is upwards, oscillators like the Relative Strength Index (RSI) indicate that the pair is approaching overbought territory, but its slope aims down. The three-day Rate of Change (RoC) shows buyers are losing momentum. LEVELS Previous Daily High 87 Previous Daily Low 86.07 Previous Weekly High 85.55 Previous Weekly Low 84.42 Previous Monthly High 87.31 Previous Monthly Low 83.44 Daily Fibonacci 38.2% 86.64 Daily Fibonacci 61.8% 86.42 Daily Pivot Point S1 86.32 Daily Pivot Point S2 85.73 Daily Pivot Point S3 85.39 Daily Pivot Point R1 87.25 Daily Pivot Point R2 87.59 Daily Pivot Point R3 88.18 NZ Dollar to Yen forecast by day Date Weekday Min Max Rate 04/07 Tuesday 88.10 90.78 89.44 05/07 Wednesd 88.79 91.49 90.14 06/07 Thursday 88.93 91.63 90.28 07/07 Friday 87.82 90.50 89.16 10/07 Monday 88.22 90.90 89.56 11/07 Tuesday 88.40 91.10 89.75 12/07 Wednesd 88.25 90.93 89.59 13/07 Thursday 88.63 91.33 89.98 14/07 Friday 89.44 92.16 90.80 17/07 Monday 88.61 91.31 89.96 18/07 Tuesday 88.22 90.90 89.56 19/07 Wednesd 89.21 91.93 90.57 20/07 Thursday 89.77 92.51 91.14 21/07 Friday 90.46 93.22 91.84 24/07 Monday 91.29 94.07 92.68 25/07 Tuesday 91.30 94.08 92.69 26/07 Wednesd 92.18 94.98 93.58 27/07 Thursday 92.22 95.02 93.62 28/07 Friday 91.94 94.74 93.34 31/07 Monday 92.06 94.86 93.46 01/08 Tuesday 92.01 94.81 93.41 02/08 Wednesd 92.59 95.41 94.00 03/08 Thursday 93.08 95.92 94.50 04/08 Friday 92.32 95.14 93.73 The NZD/JPY is still upward biased from a daily chart perspective, as the pair remains above the Ichimoku cloud.
Long
by DaveBrascoFX
2
NZDUSD to turnaround at 50% retracement?NZDUSD - 24h expiry The move lower is mixed and volatile, common in corrective sequences. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6250 will confirm the bullish momentum. The measured move target is 0.6300. We look to Buy at 0.6200 (stop at 0.6169) Our profit targets will be 0.6275 and 0.6300 Resistance: 0.6250 / 0.6275 / 0.6300 Support: 0.6225 / 0.6200 / 0.6175 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.
Long
by OANDA
✨NEW: NZDUSD ✨ SWING TRADE ✨SLO2 @ 0.7425 ⏳ SLO1 @ 0.7150 ⏳ TP4 @ 0.7050 (closing ALL Buy Orders) TP3 @ 0.6900 (shaving) TP2 @ 0.6715 (shaving) TP1 @ 0.6500 (shaving) BLO @ 0.6325 ⏳ 📈 I'm anticipating a continuation of the UT. If I'm correct, we have some BIG MONEY coming. TECHNICAL ANALYSIS The New Zealand economy is expected to grow at a faster pace than the US economy in 2023, and this could lead to a stronger NZDUSD exchange rate. Additionally, the Federal Reserve is expected to raise interest rates more aggressively than the Reserve Bank of New Zealand, which could also support an uptrend for the Kiwi Dollar. Overall, the current technical analysis for the Kiwi Dollar is mixed. There are some technical indicators that suggest that the downtrend could continue, but there are also some fundamental factors that could support a near-term uptrend. Keep monitoring these indicators: The 200-day moving average: This is a long-term moving average that can provide support or resistance for the NZDUSD pair. If the price breaks below the 200-day moving average, it could signal a continuation of the downtrend. The MACD indicator: This is a momentum indicator that can help to identify overbought and oversold conditions. If the MACD indicator turns bearish, it could signal that the downtrend is resuming. The relative strength index (RSI): This is a momentum indicator that can help to identify overbought and oversold conditions. If the RSI falls below 30, it could signal that the Kiwi dollar is oversold and due for a rebound.
Long
by ProfessorCEWard
2
NZDUSD to find buyers at previous resistance?NZDUSD - 24h expiry The move lower is mixed and volatile, common in corrective sequences. Price action has continued to trend strongly lower and has stalled at the previous support near 0.6250. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 0.6300 will confirm the bullish momentum. We look to Buy at 0.6250 (stop at 0.6215) Our profit targets will be 0.6325 and 0.6350 Resistance: 0.6300 / 0.6325 / 0.6350 Support: 0.6275 / 0.6250 / 0.6225 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.
Long
by OANDA
AUDNZD: Bullish Cross can take it higher for a new sell entry.AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up. We are already on a sell since June 7th (see idea below) but we will add another on Fib 0.618 targeting the Channel's bottom (TP = 1.062500) again. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
NZDJPY: Use the 1D MA50 as the pivot level for your trades.NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675). If the price crosses under the S1 (86.235) this bullish signal will be invalidated and we will sell, targeting the S2 (TP = 83.550). An early sell confirmation may come when the 1D RSI crosses under its HL trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
NZDJPY held the MA50 (1d) and can rise +7%NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1. 92.300 (+7% rise to the top of the Channel Up). 2. 83.550 (Support 2). Tips: 1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d). Please like, follow and comment!!
Long
by TradingBrokersView
7
GBPNZD Buy on the bottom of the Channel Up, sell under it.GBPNZD is trading inside a Channel Up since the February 3rd Low. The last Higher Low was priced under the 1day MA50. Our current buy zone is between the 1day MA50 and Support A. Buy as long as this holds and target 2.091500 (Resistance A). A closing under the Channel Up and more specifically the 1day MA200, is a sell signal, so in that case take the buy's loss and short. Target the 1day MA200 just over Support B at 1.98000. Follow us, like the idea and leave a comment below!!
by TheCryptagon