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NZD

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
Will EURNZD bearish presence continue?EURNZD - 24h expiry Our short term bias remains positive. The lack of interest is a concern for bears. A move through 1.7525 will confirm the bearish momentum. The bias is to break to the downside. We look for losses to be extended today. We look to Sell a break of 1.7524 (stop at 1.7584) Our profit targets will be 1.7374 and 1.7354 Resistance: 1.7575 / 1.7600 / 1.7630 Support: 1.7528 / 1.7500 / 1.7470 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
1