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Zealand

How Much More Longer BearishOn this pair, we find that on the weekly timeframe, the market is Bullish. Price even went all the way up towards our liquidity target but failed to close above it. We are currently witnessing another pullback. On the Daily, price is bullish. We have seen prices currently retrace into the daily zone. But there is a lot of speculation as to whether or not this our refined daily reversal zone has what it takes to invite the bulls of demand to hold prices at that level and drive it back up. Now my Analysis: As much as I would want the daily zone to hold, as this is the fastest way for us to find a LONG trading opportunity, jumping on the rally towards the confluence weekly/daily liquidity targets. But I have a bit of reservation on this. This is because of the force with which prices have come into the daily reversal zone. Prices have come into the zone with a strong push, and not the usual gentle slide in expected of a reversal zone. Dont get me wrong, I am not concluding that the zone will fail, but rather I am saying that instead of the initial 70% chance I had of the zone holding, I now have a 40% chance of it holding because of price action. In the event that the zone holds, we will expect to see the rally resume with prices gravitating towards our liquidity target above; and we will excitedly pull out out panzy pips trading system and jump on the trade. But what happens if the zone fails..? Where this is the case, we will look to see prices deep further towards the Weekly zone below. From where we will look to see some bullish reversal and again place our trade setup right beside price and stand ready to trade. In all of these, we do not and cannot completely rule out the possibility of catching some bearish trades where the daily zone is breached and price dips towards the Weekly zone. Share your thoughts guys and let us see your perspective on the market
Long
by PanzyPips
Are The Bulls Ready to Come In, Or Is This Another Fake Out?On this pair, we see that the market is on bullish swings on both the 1 hour and 4 hour charts. Price is currently testing the large 4-hour zone and looks like it is beginning to slow down on the bearish dive. Below the current zone is a refined 1-hour zone. From my experience in the market over the years, I have come to the conclusion that there is a strong likelihood that the market will dip to the refined 1-hour zone and look to reverse from there. That would mean the current top zone reversal would be breached. If that is the case, then we would be looking to buy in the refined 1-hour zone. On the other hand, in the event that the market reverses at its current top zone, we will create a trade plan around that move and look to trade in the direction of the market. When jumping on this trade, our target would be the 4-hour liquidity target above.
Long
by PanzyPips
The Bearish Run Resumesin our last analysis, we saw this pair breach our zone and go higher for a deeper retracement. According to our analysis, we refused to see the 1 hour zone as a reversal in itself but rather as forming a deeper retracement on the 4 hour timeframe. From our current analysis, it is clear that that was the intendment of the market. We have seen prices go all the way to our refined zone at the top and from there made a sharp reversal to continue the beraish run. We are in on this position,even though we did not catch it from the top as displayed on the chart. The trade depiction on the chart is just to show the entire trade from the zone to liquidity target. The bearishness has resumed, the bears are back, ready to drive the market to new lows, and we are right here, ready to hop on the slide down, all the way into the money
Short
by PanzyPips
Another Chance to Catch the TradeWe have been bearish on this pair since last week, when we started sharing our analysis actively. Yesterday, we caught the trade from the top and were able to watch it progress to where it stands currently. You missed the trade entry yesterday. That's ok. Because right now, you have a chance at joining the trend. With the market making a pullback into our PB and entering our zone, we have begun to see signs of a bearish reversal that should see prices melt towards our liquidity target below. We are setting up to catch another entry off this pair, and our setup is seen on the chart. Our trade entry is a SELl STOP and we are looking to get taken in when the market reverses. Looking to go the full length of what is left, our target remains the liquidity target below.
Short
by PanzyPips
8
The Bearish Clock is Ticking...A quick re-cap of where we have come from and how long we have followed the analysis on this pair. The market is Bearish and is currently in a bearish PB. After the bearish impulse, the market has continued to push bullish to give us a retracement. From our earlier analysis, we saw the market dip to make a low, and we had established that from that point on, we would expect prices to begin to retrace bullish towards our refined zone of the 1 hour PB. The market is still on that bullish retracement. It would have been a great idea to have caught a long on that bullish retracement, but I didn't. lol. So now the market is almost in our zone. We should see the bullish move experience some slowing down as it draws closer to our target. As a trader, patience is one of my virtues. A second one is that I trust my tradin system and I always stick to my rules. So on this one, I will stay disciplined. I will wait for the market to get into the zone and from there I would begin to look for possibilities of a bearish u-turn to set us off on our swing towards the extension. When the market gets into our zone, we will use one of the trade entry methods from Panzy Pips to catch this beautiful bearish trade; and boy, we are gonna milk this trade dry... lol
by PanzyPips
The NZDUSD Continues to Dip FurtherFrom our previous analysis of this pair, we witnessed prices dip with a Bearish swing in place. With the completion of the last Bearish swing on the 1-hour chart, we are ready for the next. We can see the price begin to retrace towards our PB. When price comes into our PB, we will use our method to refine to a valid zone from which we will expect to see reversals. And when we get the reversals, we will look to enter the trade using one of the entry methods learned. The good news is, "This market has strong BEARISH potential."
Short
by PanzyPips
MCK Hotel Stock priced how it was 4 years ago - Awaiting AR ?This stock has decent fundamentals with a discounted cash flow valuation at around 70% undervalued at its current price of $1.77 at this time of writing. This company owns hotels all around the world and their market cap is above EV, their Book Value per Share in 2019 is at 6.78 and I suggest you find out the other fundamentals by yourself. Anyways, my opinion is that the market has priced in the Covid19 effects on this stock since this company is obviously extremely exposed to the effects of covid19 (lockdowns, border closed, etc...) since they rely heavily on tourism. However the company's latest annual report was for end of December 2019, and they do not seem to issue interim reports. Therefore we do not understand how much covid19 has actually impacted this company's financials just yet, so... Could this be a golden opportunity to keep an eye out for until their next report is released? What if covid19 has not effected their financial's as bad as the market has decided ? Their price at $1.77 is the price it was 4 years ago. Thats all for now from me. Food for thought!
NZX:MCK
by WineTrader888
Trans-Tasman bubble a dream?There have been talks for a Trans-Tasman bubble since the Coronavirus lockdowns in March. However, different approaches from New Zealand and Australia have made this reality more a far fetched dream. Trans-Tasman bubble would greatly help both economies Although both countries would benefit from the trans-Tasman bubble, New Zealand would arguably benefit greater due to 5.8% of GDP being attributable to Tourism. Over 180,000 individuals are employed due to tourism and make up about 7.5% of the workforce in New Zealand. However, as much as a trans-Tasman bubble is encouraged, the difference in approaches has made it challenging to implement. With New Zealand digging their heels and imposing one of the strictest lockdowns in the world, while Australia gave their citizens relative freedom, only imposing social distancing guidelines. The contrasting methods have become evident – with Australia still making records in daily Coronavirus cases, while New Zealand consistently records single-digit case numbers. Victoria, Australia, reported 428 new Coronavirus cases on Friday, making it the state’s largest daily increase since the pandemic. This is on the back of the Prime Ministers’ Scott Morison and Jacinda ADern opening up travel between the two countries. Scott Morison stated that “she raised the very issue with me, and we’re progressing those discussions.” However, he also stated that it is “going to be a little be moderated for what’s happening in Victoria,” insinuating a possible exclusion for citizens that live in Victoria. Melbourne, a major city in Victoria, recently hit 5000 Coronavirus cases as the city re-enters a second lockdown. Trans-Tasman may move the needle in the markets The AUD/NZD depreciated to parity in the middle of March as risk currencies dived – with the NZD showing some strength due to New Zealand’s efficient suppression of the Coronavirus. However, the Australia dollar has since rebounded, trading at the 1.067 level. There may be an argument for the Australian dollar is slightly overvalued compared to the New Zealand dollar as New Zealand’s economy has been restarting without any relative setbacks. However, as demand for commodities such as oil and iron rises across the world of which Australia is a major exporter, demand for the Australian dollar may increase, strengthening relative to the NZD. However, the significant indices for Australia and New Zealand may show outperformance, rewarding New Zealand in their Coronavirus suppression. Since their March lows, the NZX 50 has outperformed the Australian 200 Index by 4%. If New Zealand continues to outperform with regards to the Coronavirus relative to Australia, we may see a good opportunity to shorten the ASX and go long the NZX. If both countries took the same approach, I believe there would have been a trans-Tasman bubble sooner. Australian Tourism Industry Council Executive Director Simon Westway stated that “Australia needs to get back on its feet before Trans-Tasman bubble,” and that Australia needs to open its domestic borders between states before opening up to New Zealand. Jacinda Adern took a stab at Australia’s Coronavirus response, stating on video that “If Australia wants a whole country trans-Tasman bubble, we’ll be waiting.”
by BlackBull_Markets
NZDCHFHi everyone, publishing my KISS (Keep It Simple Stupid) trend analysis of NZDCHF. As u tend to use lots of intraday trend analysis i find this setup a bit more clear for everyone to understand. But back to business, NZDCHF was trading for the last couple of days in a falling wedge pattern, under 200 EMA on 1H/4H timeframes. With occasional (false)breakouts. We can clearly see on the different time frames the appearance of some sort of a inverted H&S Pattern which indicates a buy opportunity, the strategy is to enter the trade on the retest of 1H previous S/R with a bullish engulfing as confirmation on the Daily. My entry is a bit higher up to catch the trade before a possible turn to the upside, keeping the SL tight in case it would wan't to test lower S/R levels. Short term target is 1.06988 Long term target is Previous High at 1.08899 Moving SL to lock in Pips according to the market, and after retest of the previous R now as Support. Legend: Red - Daily Orange/Yellow - 8H Green - 4H Black - 1H Any questions or further ideas please don't hesitate to comment!
Long
by im_MrTony_
1
NZDUSD - New Zealand at decision time!Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. I was alerted to this setup from a good friend of mine and figured it was worthy enough to put up here. This is a super clean pitchfork setup. Not a wacky Schiff, Modified, or Inside, but just a regular plain old pitchfork. Usually when this happens, you've got an 80% probability of hitting that median line. We haven't quite gotten there yet, though. We're finding some support at the lower trendline of this pitchfork but I'm not quite convinced it'll last. Here's the data: 1. Bearish divergence back a few candles on the 4H timeframe shows weakness. You can see what happened the last time this happened. 2. Continued rejection prior to the median line on the pitchfork... more weakness. 3. Momentum on that last impulse was actually pretty good which leads me to believe another push is likely. So, what does that mean from a trade setup standpoint. You might consider going long here, but if you do, you should put a stop loss at around .687 which is pretty tight but if it falls below that, this trade is invalidated. The reward ratio here is absolutely incredible with little risk at stake. If I traded forex, I'd be all over this one.
Long
by bitdoctor
NZX50 bearish indications *update*Thanks for viewing. The price decline of 2015 to 2016 can be plausibly labelled either a WXY (double ABC) correction or as a single impulse wave down. There seem not to be any failures within what is quite likely an impulse wave down. So that leaves two main scenarios on the table: 1. That we have had the wave (4) correction and are working on wave 5 (we are nearing the end of sub-wave 3 of wave (5)), or 2. That we are in the later stages of wave B up - with wave (C) (down) still to come. This scenario points to a deeper correction. That aside, Whether we are in wave B or wave 5 currently, immediate indications are short-term bearish. - There are three peaks on the RSI showing a declining trend while price makes higher highs. This would indicate a larger or smaller correction is inbound. Bearish divergence is a strong indication of lagging momentum. If we are in wave B, then 146 should act as support. If we are about to start wave C then $131 should act as support for wave (5). - The wave count seems to points towards a corrective phase. - Equity markets in the U.S. and Europe have experienced increasing volatility over the past year and have both seen significant drops in the last few days. This will increase market uncertainty. This is published solely for my own education and as an interested observer - who doesn't have a position in the market.
NShort
by flyinkiwi10
NZD/USD daily reviewIn the aftermath of the break out to the downside by the NZD/USD pair, a new junior descending pattern was discovered on Wednesday. Namely, there exists a pattern, which has guided the currency exchange rate since the bounce off from resistance that occurred at the start of Tuesday’s trading session. However, judging by the range of the new pattern and the previous, it can be deducted that these two pattern represent junior movements in a larger scale pattern. Although, the exact trend lines of the larger pattern are still not clear. In regards to the short term future, the rate is set to surge up to the 0.6820 level, where it will meet the junior patterns resistance together with the 100-hour SMA.
by UnknownUnicorn890690