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New Zealand Dollar/Offshore Chinese Renminbi

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NZDCNH trade ideas

SHORT NZD/CNH 8H Investment Opportunity Hello, I am trader Andrea Russo and today I want to talk to you about a SHORT investment opportunity on the NZD/CNH exchange rate. Trade Details The trade starts at the 4.40 area with a Stop Loss (SL) at 4.44 and a Take Profit (TP) at 4.21. Market Analysis Currently, the NZD/CNH exchange rate is around 4.381. The recent performance of the NZD has shown some volatility, influenced by economic factors such as inflation in New Zealand and trade policies. These elements have contributed to creating a context of uncertainty that could favor a decline in the exchange rate. Trading Strategy The proposed strategy involves entering a SHORT position at 4.40, anticipating a decline towards the level of 4.21. The Stop Loss at 4.44 is used to limit losses in case the market moves against our prediction. This setup offers a good risk/reward ratio, making the trade interesting for traders looking for short-term profit opportunities. Final Thoughts This trading opportunity requires careful risk management and constant monitoring of market conditions. The volatility of the NZD/CNH exchange rate can offer good profit opportunities, but it is essential to be prepared to react quickly to changes. It is advisable to stay updated on economic news and events that could affect the market. Happy trading!
Short
by Andrea_Russo_SwipeUP
ridethepig | NZDCNH Market Commentary 2020.03.01NZD is moving as collateral with AUD, those following the previous AUDCNH idea will know this is no less imaginative. New Zealand is exposed to a short-circuit in Chinese supply chains leaving it vulnerable to a slowdown in China via coronavirus. On the monetary side, RBNZ has been notably quiet around the impact from the virus. The CB will not be able to hide from the slowdown for too long, exports are already being hit, tourism, commodities and consumer confidence! As is the case with AUDCNH: The range we are trading in NZDCNH is clearly defined; 4.7 - 4.05 and this trend has held since 2015. The flip is being broken and a breakdown looks imminent. Given the risk environment, I recommend trading towards support at the 4.05 lows and selling rallies going forward. Thanks as usual for keeping the likes coming on the CNH crosses ... an entire dissection of CNH and the impact from PBOC intervention. Jump into the comments with your charts and views!
Short
by ridethepig
NZDCNHMy 2 cents on this pair. I took a long position on this pair a couple of months ago where my first take profit was achieved. my second entry was however closed at break even and then price rallied targets lol... anyways... with ZXY index currently over bought I will be looking to take a sell on this pair with targets shown as below. once we it first take profit I will be going in very small on the second entry. to avoid the same pull backs as last time but that pull back was only down to manipulations....
Short
by kev1237033