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NZD

AUD/NZD potential swing trade long above the April lowAUD/NZD has fallen 3% since the April high, although it looks set to build a base above the April low. A Rikshaw Man Doji formed on the daily chart above this key support level and a bullish RSI is forming on the RSI (2) to hint at a near-term inflection point. What may help it rally from here is Bloomberg's report that the RBA considered three rate paths ahead of their February meeting, two of which saw rates climbing to 4.8%, and the other at 3.35%. Given rates are now 3.8%, it leaves room for more hikes and for the RBA OCR to close the gap with RBNZ's. The bias remains bullish above the April low and for a counter-trend rally towards the 1.7034 high.
Long
by CityIndex
NZDJPY to 0.89 - or overextended?Hey Traders! 👋 For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Overall bullish - Made a high at 88.50 - Expecting retracement to 87.60 - Target at 89 - If 86.80 is breached, idea is invalid Other data: ⬆️ Seasonality is still bullish expecting 90 level ⬆️ Pattern scan is also bullish expecting 90 before deeper retracement ⬆️ Supertrend is also bullish ⬆️ Retail traders have extreme short positions which we would want to go against 🤔 What's your take? Like and follow for daily high-quality trade ideas!
Long
by rob_WRLD_
6
NZDCHF Potential DownsidesHey Traders, In today's trading session, we are closely observing the NZDCHF currency pair for a potential selling opportunity around the 0.55800 zone. NZDCHF is currently exhibiting a downtrend, but it is currently in a correction phase, meaning that it is undergoing a temporary upward movement within the larger downtrend. As part of this correction, NZDCHF is approaching a significant trendline at the 0.55800 level, which could act as a resistance and push the pair back down. It is important to note that this week, the Swiss National Bank (SNB) is holding a meeting, and market participants will be paying attention to any announcements or actions taken by the SNB to counteract the depreciation of the Swiss Franc (CHF). The SNB may employ measures such as interventions or changes in monetary policy to stabilize or strengthen the CHF. This event could potentially impact the NZDCHF pair and should be monitored closely. Additionally, it is expected that the Reserve Bank of New Zealand (RBNZ) will pause the interest rate hikes in the near future. This means that the RBNZ is likely to hold off on further increasing interest rates for now. This expectation could influence market sentiment surrounding the New Zealand Dollar (NZD) and potentially contribute to a weakening of the currency. Therefore, traders and investors should keep an eye on both the SNB meeting and the RBNZ's stance on interest rates as these factors could have an impact on the NZDCHF pair in the coming days. Trade safe, Joe.
Short
by JoeChampion
4
EN pulled back for up side to come?Chart wise, check out my stream this week for more info! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
NZDUSD feels a need of correction before further downsidesHey Traders, In the coming week, we are closely monitoring NZDUSD for a selling opportunity around the 0.63000 zone. It is worth noting that NZDUSD is currently trading in a downtrend and is in a correction phase, gradually approaching the major trend line at the 0.63000 support and resistance zone. Additionally, it is important to consider that the Reserve Bank of New Zealand (RBNZ) has indicated a pause in rate hikes, which could further impact the currency pair's movement. Trade safe, Joe.
Short
by JoeChampion
16
AUDNZD Potential UpsidesHey Traders, In today's trading session, we are paying close attention to the AUDNZD currency pair, as we believe there might be an opportunity to buy around the 1.09600 zone. From a technical standpoint, AUDNZD is currently in an uptrend but experiencing a corrective phase. It is approaching a significant support zone around 1.09600, which adds to its appeal as a potential buying opportunity. From a fundamental perspective, it's worth noting that the Reserve Bank of Australia (RBA) is still in the process of gradually raising interest rates. This indicates their intention to tighten monetary policy in order to manage the economy. On the other hand, the Reserve Bank of New Zealand (RBNZ) has officially halted any further rate hikes, suggesting a more stable or potentially looser monetary policy approach. Considering both the technical and fundamental factors, the current market conditions suggest that the AUDNZD pair could present an attractive buying opportunity near the 1.09600 support zone. Trade safe, Joe.
Long
by JoeChampion
8
GBPNZD: Sell signal targeting 2.0200.GBPNZD reached the top of the 5 month Rising Megaphone and straight after the 1D RSI turned overbought (RSI = 57.238, MACD = 0.009, ADX = 19.804), the price got rejected on a HH. As you can see, the same overbought level caused the April 26th rejection on the HH line. Our target is the HL trendline (TP = 2.0200). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2
AUDNZD, H4 | Double Top Reversal?We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from. We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the pullback support level and a major 23% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
2
Market Reactions to Fed’s “Hawkish Pause” Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely expected, the fact that policy makers see rates at 5.6% at year-end was what caught the market off-guard. The combination of the pause with the suggestion of two more 25 basis points hikes has been dubbed the “hawkish pause”. Following the decision, stock market closing results were mixed. The Dow Jones closed more than 230 points lower, while the S&P 500 and the Nasdaq experienced gains of 0.1% and 0.4% respectively. The Nasdaq Composite was primarily bolstered by the gains made in AI-adjacent stocks of Nvidia and AMD. The day began with Bitcoin surpassing $26,000. However, it has since retraced to a 24-hour low of $25,791. Some analysts are predicting an inevitable drop to $25,000 based on recent cryptocurrency news that is dominated by discussions on regulation. Meanwhile, gold prices initially rose to touch $1959 per ounce in the session but later trimmed gains, trading around $1945. The dollar has weakened across the board, with the DXY down 0.32%. The NZD is the biggest mover, rising by more than one percent to a 3-week high of $0.6211. Gains in EUR and GBP were more modest, at +0.39% each.
BLACKBULL:XAUUSD
by BlackBull_Markets
GBPNZD to find sellers at market?GBPNZD - 24h expiry Previous support located at 2.0400. Previous resistance located at 2.0450. Price continues to trade within the triangle formation. A move through 2.0375 will confirm the bearish momentum. The formation has a measured move target of 2.0100. We look to Sell a break of 2.0390 (stop at 2.0460) Our profit targets will be 2.0220 and 2.0180 Resistance: 2.0450 / 2.0500 / 2.0550 Support: 2.0400 / 2.0375 / 2.0100 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
🔥 MODIFICATION: NZDJPY 🔥 SWING TRADE 🔥Our technical analysis of NZDJPY is still in play. The pair has been in a downtrend for the past few months and has recently reached a Supply Zone (SZ) at 86.60 on the 15-hour chart. This SZ suggests that there is strong selling pressure at this level, and it is likely that the pair will continue to decline. The next resistance level is at 86.80, and if this level is respected, then we have a huge opportunity to capitalize on this downside pressure. Resistance @ 86.80 Supply Zone @ 86.60 SSO2 @ 86.15 📉 SSO1 @ 85.15 📉 TP1 @ 84.35 (shaving 25%) TP2 @ 83.66 (shaving 50%) TP3 @ 82.33 (closing ALL Sell Orders) BLO1 @ 82.00 BLO2 @ 81.25 -SL @ 80.85 🚫
Short
by ProfessorCEWard
1
NZDUSD Potential DownsidesHey Traders, Today, we are closely monitoring the NZDUSD currency pair for a potential selling opportunity around the 0.61900 zone. Previously, NZDUSD had been experiencing an uptrend but has recently broken out of that trend. Currently, it is in a correction phase and approaching the 0.61900 support and resistance zone. It is worth noting that an important event is scheduled for today, namely the FOMC (Federal Open Market Committee) meeting. The FOMC plays a significant role in setting monetary policy in the United States, and their decisions can have an impact on the strength of the USD. If the Fed takes a hawkish stance during this meeting, indicating a likelihood of future interest rate hikes, it could potentially trigger USD strength. As traders, it is essential to consider various factors when evaluating trading opportunities. This includes conducting technical analysis, which involves analyzing price charts, patterns, and indicators to identify potential entry and exit points. Additionally, fundamental analysis is crucial, considering economic indicators, news events, and central bank decisions like the FOMC meeting. Lastly, market sentiment, which reflects the overall attitude and confidence of traders and investors, should also be taken into account. However, it's important to remember that trading always carries inherent risks, and prices can be influenced by unexpected events or factors. Therefore, it is advisable to have a well-defined trading plan in place, including risk management strategies. Trade safe, Joe.
Short
by JoeChampion
6
NZDUSD to find sellers at market?NZDUSD - 24h expiry - We look to Sell a break of 0.6145 (stop at 0.6175) Previous support located at 0.6150. Previous resistance located at 0.6180. Trading within the Channel formation. We look for price action to stay within the channel formation today. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return. A move through 0.6150 will confirm the bearish momentum. Our profit targets will be 0.6075 and 0.6060 Resistance: 0.6180 / 0.6200 / 0.6225 Support: 0.6150 / 0.6100 / 0.6075 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
NZDUSD, H4 | Fibonacci confluence reversalWe're seeing big resistance at 0.6182 which is a pullback resistance + 50% Fibonacci retracement and a 61.8% Fiboancci retracement. A reversal from here could see prices drop to 0.6149 which is our intermediate support - breaking that level could see a further bearish acceleration down to 0.6119. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
GBPNZD to find buyers at previous support?GBPNZD - 24h expiry - We look to Buy at 2.0415 (stop at 2.0365) Previous support located at 2.0400. Previous resistance located at 2.0500. Price continues to trade within the triangle formation. We expect a reversal in this move. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Our profit targets will be 2.0535 and 2.0565 Resistance: 2.0500 / 2.0600 / 2.0650 Support: 2.0450 / 2.0400 / 2.0300 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
NZDJPY to find support at previous resistance?NZDJPY - 24h expiry Previous support located at 85.25. Previous resistance located at 85.50. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 85.50 will confirm the bullish momentum. We look to Buy at 85.00 (stop at 84.60) Our profit targets will be 86.00 and 86.20 Resistance: 85.50 / 86.00 / 86.50 Support: 85.25 / 85.00 / 84.50 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.
Long
by OANDA
1