NZD
NZDCAD Potential UpsidesHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.84100 zone, NZDCAD is trading in a downtrend and currently seems to be attempting to break it out. Once we get rallies above the trend we will be watching a potential retrace of the trend towards more highs.
Trade safe, Joe.
NZDJPY held the MA50 (1d) and can rise +7%NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far.
That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d).
The two bullish legs have risen at least +7%.
Trading Plan:
1. Buy on the current market price.
2. Sell below Support (1).
Targets:
1. 92.300 (+7% rise to the top of the Channel Up).
2. 83.550 (Support 2).
Tips:
1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d).
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GBPNZD Buy on the bottom of the Channel Up, sell under it.GBPNZD is trading inside a Channel Up since the February 3rd Low.
The last Higher Low was priced under the 1day MA50. Our current buy zone is between the 1day MA50 and Support A.
Buy as long as this holds and target 2.091500 (Resistance A).
A closing under the Channel Up and more specifically the 1day MA200, is a sell signal, so in that case take the buy's loss and short. Target the 1day MA200 just over Support B at 1.98000.
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NZDCAD: Confluence Zone & Your Trading Plan 🇳🇿🇨🇦
NZDCAD is testing an important confluence zone:
I spotted a perfect match between a horizontal key level and a falling trend line.
For a confirmation, watch a double top pattern on 1H time frame.
We need a breakout of its neckline as a trigger.
Hourly candle close below 0.8356 will confirm a violation.
A bearish continuation will be expected to 0.83 level then.
If the price sets a new high, the setup will become invalid.
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NZDUSD Potential UpsidesHey Traders, in the coming week we are monitoring NZDUSD for a buying opportunity around 0.62800 zone, NZDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.62800 support and resistance zone.
Trade safe, Joe.
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30)
Broken out of the channel formation to the downside.
Further downside is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 88.00 will confirm the bearish momentum.
Our profit targets will be 87.60 and 87.35
Resistance: 88.50 / 88.80 / 89.00
Support: 88.00 / 87.80 / 87.50
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.
EN still on the uptrend,have more upside after this pullback..
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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.
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NZDCAD Bullish Buy Opportunity at 0.83991
We have identified a potential buying opportunity in NZDCAD at 0.83991. The decision to enter a buy position is supported by the presence of a bull flag pattern on both the weekly and daily charts. This pattern suggests a potential continuation of the upward trend.
To manage risk, we recommend setting a stop loss at 0.82988. This level is strategically chosen to protect against a possible fake breakout and limit potential losses.
For potential profits, we suggest setting a take profit level at 0.89468, targeting the first supply zone. This area represents a significant resistance level where prices may encounter selling pressure.
Please note that trading involves risks, and it's essential to perform your own analysis before making any trading decisions.
NZDUSD - The potential of downtrend my dear friends. In this chart you can see I am bearish on NZD. And that is true ! ;)
All the details are marked.
I'm open for any logical question.
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Let me add this : If the "KEY" level get's Engulfed the chart is not valid anymore. so the stop loss of my opinion is touch of Key lvl.
NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81950 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
NZDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCHF for a selling opportunity around 0.54600 zone, NZDCHF is trading in a downtrend and currently we are waiting for a correction to see a potential rejection from the trend at 0.54600 resistance area.
Trade safe, Joe.
NZDCHF: Bullish Move From Key Level 🇳🇿🇨🇭
NZDCHF is testing a wide horizontal zone of demand.
The price formed a double bottom pattern on that
and currently retesting the broken neckline.
I think that the pair may bounce from the underlined area.
Goals: 0.5473 / 0.5485
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NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90)
Broken out of the channel formation to the downside.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 86.75 will confirm the bearish momentum.
Our profit targets will be 86.50 and 86.25
Resistance: 87.00 / 87.50 / 88.00
Support: 86.50 / 86.25 / 86.00
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.
GBP/NZD Technical Indicators Say BUY!
I see a perfect bullish convergence of 3 technical indicators.
The technical outlooks is supported by a current fundamental sentiment
and the fact that the pair is trading in a long-term bullish trend.
I assume that the pair will keep growing.
Target level - 2.0866
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AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.07500 zone, AUDNZD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07500 support zone.
Trade safe, Joe.
AUDNZD Halfway through the bearish leg. You can still sell.AUDNZD crossed under the 1day MA50 this week for the first time since May 24th.
That is the bearish leg from the Falling Resistance to the Rising Support in order to form the new Higher Low.
The 1day RSI just entered the 4 month Support Zone, where the price Low was formed at the bottom of the Support Zone.
This is still a good sell. Target 1.061500.
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EURNZD, H4 | Potential bearish reversalWe're seeing price test a major overlap resistance along with a 38.2% Fibonacci retracement. A reversal from here could potentially see prices drop all the way down to our overlap support.
In terms of potential stop loss levels, we're placing it slightly above te 50% Fibonacci retracement to give it a bit of breathing space.
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.
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