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NZDUSD H4 | Dropping towards an overlap supportNZDUSD is falling towards a key support level and potentially bounce from here. We could see price move up to our take profit target. Entry: 0.62647 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement Stop Loss: 0.62202 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement Take Profit: 0.63147 Why we like it: There is an overlap resistance Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Joe G2H - NZDCAD at trend resistanceTrade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.8500 Take Profit Level: 0.8405 Stop Loss: 0.8541 Risk/Reward: 2.3/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
NZDUSD H4 | Falling to support?NZDUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 0.62123 and bounce up from here. Our stop loss will be at 0.61718 which is an overlap support. The take profit level will be at 0.62714 which is a level that aligns with the 78.6% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
NZDUSD H4 | Kiwi pulling back stronglyNZDUSD is falling towards a key support level. Price could hit our buy entry at 0.61338 and reverse towards our take profit at 0.62145 which is an overlap resistance. Stop loss is at 0.60933 which is an overlap support at swing-low. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist. The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support. - The bias remains bearish beneath yesterday's high - However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range) - Initial target is the cycle just above 82.0
Short
by CityIndex
Joe Gun2Head Trade - EURNZD broken down from a rangeTrade Idea: Selling EURNZD Reasoning: Broken down from a range on the 60min, targeting a move lower. Entry Level: 1.7267 Take Profit Level: 1.7081 Stop Loss: 1.7302 Risk/Reward: 5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
Joe Gun2Head Trade - EURNZD Stalling at 78.6% Fibonacci level.Trade Idea: Selling EURNZD Reasoning: EURNZD Stalling at 78.6% Fibonacci level. Entry Level : 1.7238 Take Profit Level: 1.7014 Stop Loss: 1.7309 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - Double top on the daily completeTrade Idea: Selling NZDUSD Reasoning: Double top confirmed on the Daily. Bearish flag on the 60min. Entry Level: 0.6153 Take Profit Level: 0.6022 Stop Loss: 0.6177 Risk/Reward: 5.56:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
Potential bear flag on NZD/USDThe combination of hawkish Fed speak and firmer inflation has seen the US dollar strengthen overnight. But we're interested in shorting the Kiwi dollar against it, given yesterday's lower forecasts for 2 and 3-year inflation forecasts by RBNZ. It should be noted that RBNZ hold their monetary policy meeting on Wednesday February the 22nd, and there has been call for a 50 or 75bp hike. But that doesn't mean it can't dip lower ahead of the meeting, even if they do go for another aggressive hike - especially if Fed members continue to read from the same hawkish script. NZD/USD has spent nearly 7 days within a sideways channel / consolidation, after an aggressive bearish reversal from its YTD high. A double top has formed around 0.6400 to suggest demand resides in the area, so the bias is now for a bear-flag breakout in line with the momentum which took it into consolidation. - Bears can either seek a break of the cycle low, or the channel around 0.6294 to assume bearish continuation. - The lows around 0.6200 make a likely target for bears and risks a corrective bounce - The eventual target projected form the bearish flag is around 0.6120
Short
by CityIndex
Joe Gun2Head Trade - Swing failure on EURNZD?Trade Idea: Selling EURNZD Reasoning: Swing failure at 1.7167? Entry Level: 1.71569 Take Profit Level: 2.64 Stop Loss: 1.7203 Risk/Reward: 3.9:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
Joe Gun2Head Trade - Fading NZDUSD into resistanceTrade Idea: Buying GBPCAD Reasoning: Fading NZDUSD into resistance Entry Level: 0.6365 Take Profit Level: 0.6270 Stop Loss: 0.6393 Risk/Reward: 3.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
Joe Gun2Head Trade - More upside in EURNZD?Trade Idea: Buying EURNZD Reasoning: Possible continuation pattern Entry Level: 1.70750 Take Profit Level: 1.7290 Stop Loss: 1.7010 Risk/Reward: 3.1:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
NZDUSD Making A Corrective SetbackNZDUSD turned bullish as expected after we spotted a completed five-wave bearish cycle within wave C back in October 2022. Notice that the recent rise is much more extended and clearly made by five waves up without overlaps up from the 2022 lows, so it's an impulse; a change in trend that will send prices even higher in 2023. However, nothing moves in straight lines. We know that after every five waves, a three-wave correction occurs which can be underway as an irregular/expanded flat correction, currently with subwave (B) in progress, which is looking to overlap up from 0.6183. In fact, there is a nice sell-off from last week, a clear impulse that puts wave (C) now in play. Ideal support is at 0.6080-0.6160.
by ew-forecast
1
NZDJPY approaching key resistanceNZDJPY - Intraday - We look to Sell at 85.00 (stop at 85.75) Previous support located at 84.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. A move through 84.00 will confirm the bearish momentum. Our profit targets will be 82.50 and 82.00 Resistance: 84.50 / 85.00 / 85.50 Support: 84.00 / 83.00 / 82.50 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.'
Short
by OANDA
$NZD - Interesting area!$NZD - Interesting area! I always go towards higher time frames, as Higher TF = Shorter TF movement it's really is as simple as that. As you can see, this is the weekly now we are within the ranges: Lows: 0.62 /.61 Areas Highs: 0.65 Areas For now you execute the range trade playing between those high and lows until a break. A break to either direction, would take you to either to trendline resistance and 200 EMA areas. A break below low of the ranges, you go towards great Fib area of support 0.60000 areas Overall, the market is looking over extended even with DXY but picking bottoms isn't wise decision to ever make! Key Tip: Follow your own trade plan. Have a great week ahead, Trade Journal
by Trade_Journal