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NZD

AUDNZD is attempting to break the descending channel.The price can retrace up to Fibonacci 61.8% before sustaining a break above the downtrend channel without consolidation. Especially, the expectation of a rise below strengthens the AUD as a fundamental economic indicator. If the expected interest rate decision does not come out of the FED meeting as anticipated, and a somewhat moderate text is published, we may see an uptrend in AUD, along with gold and silver. Open your trade in 2 parts. The first trade is for the short term, and the second trade is for the medium-term expectation. Enter the take profit levels below: When the first trade reaches the take profit level, adjust the stop-loss level of the remaining medium-term trade to a profitable level to minimize your risk. Open Price: 1.0866 Stop Loss: 1.0850 Take Profit 1: 1.0925 Take Profit 2: 1.0970
Long
by TradeAndMeApp
BUY GbpNzd from trend line bottomThe price is approaching the rising channel line, and at the same time, the Fibonacci 23.6% level intersects with the channel line. On the H1 and H4 charts, the 21-period RSI is in the overbought zone. There is a high probability of the price encountering resistance to the upside from the intersection of the channel bottom and the Fibonacci 23.6%. This is supported by the upward movement in the RSI. Additionally, the 100-day simple moving average supports the uptrend and acts as a resistance level for the price. The New Zealand current account balance data, which was released a few hours ago, came in better than expected, leading to some strength in the NZD. However, the data is not likely to have a lasting or medium-term impact. Pending buy order: 2.0780 Stop Loss: 2.0710 Take Profit: 2.0950
Long
by TradeAndMeApp
NZDUSD Buy opportunity at the bottom of the Channel Down.The NZDUSD pair has been trading within a 8-month Channel Down since February and right now is staging the new rebound on its bottom (Lower Lows trend-line). The 1D RSI has been rebounding from the oversold zone on Higher Lows, while the candle action has been on Lower Lows, displaying a strong Bullish Divergence. As a result, we have the ideal signals to go long and target the 0.618 Fibonacci level on a +4.35% rise at 0.61000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
JPY getting weak across the boardas the JPY getting weak across the board , i am interested in adding three buy limits on three charts. #NZDJPY Buy limit @87.02 SL @86.82 TP @87.78 Expected more than 3R share your thoughts. Disclaimer The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts
Long
by Intraday_Forex_by_Wael
GBPNZD 10/9/23GN super simple and easy make up here, we are looking for the SWL to be taken out from our open moves, i think we will see this low taken within our Monday session now if we don't take this out it wouldn't be a surprised to run our highs above, now i say this because of the size of the range and the lower level of momentum, but still we have a clear lower range move. sell is our bias and until we have a breach of the range we will stick to this sell bias. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
EURNZD 10/9/23EN is sitting within a huge range to the upside, this is overall a bullish range we did last week create a lot of sell side movement to towards our POI but we never broke out of our range and since have pushed up create a very clean trend liquid area which could give price a clear area to aim for, as it stands iam not really interested in trading the swing range as it has really over reached the POI we wanted to buy from so with this in mind il only be looking for SE moves to give us more of a cue as to what we will do next, we are looking to target our high but really we are a long way off as we stand. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
NZDCAD: Curve Analysis (2W)📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also sloping downwards, which further supports the bearish trend. 📉 Price Action (PA) is currently reacting from Resistance @ 0.8075 📈 The next support level for NZDCAD is around 0.7930. If the price breaks below this level, it could decline to 0.7760 or even lower. However, if the price bounces off the first support level, it would be an odds enhancer that Price Action has returned to its BIG PICTURE uptrend. ✍️ Overall, the technical analysis for NZDCAD is bearish. The descending triangle pattern suggests that the price is likely to continue to decline. Since this is highly probable, I have a pending BLO @ 0.7950. ⚠️ HIGH RISK OPPORTUNITY SSO @ 0.8050 TP @ 0.7955 BLO @ 0.7950 If the CAD News @ 08:30 ET / 05:30 PT proves to be strong, then we'll experience the downtrend that appears to be on the horizon for this pair.
Long
by ProfessorCEWard