Bullish rise?NZD/CAD has reacted off the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 0.83460
1st Support: 0.829488
1st Resistance: 0.84189
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZD (New Zealand Dollar)
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair appears to be gearing up for a continuation of its uptrend, following a brief downward correction on the hourly timeframe. This pullback seems to have provided the necessary consolidation, positioning the pair for a renewed upward movement.
Current Market Overview :
After experiencing a short-term downward trend, the GBPNZD pair found support at a key level, halting the decline and suggesting the potential for a reversal back into its broader uptrend. The correction allowed the pair to cool off from recent highs, and the current market conditions indicate a readiness to resume the upward trajectory. As the pair begins to recover, traders should watch for a break above near-term resistance levels, which would confirm the resumption of the uptrend.
Expectations and Potential Scenarios:
Given the recent stabilization, we expect the GBPNZD to continue its upward movement in the coming sessions. The pair's ability to maintain support during the pullback suggests that the overall bullish structure remains intact, providing a strong foundation for further gains.
Primary Expectation:
If the pair successfully breaks above the immediate resistance following this correction, it is likely to continue climbing towards higher resistance levels. This scenario would validate the uptrend and offer favorable conditions for long positions.
Alternative Scenario:
However, if the price struggles to break through the resistance and encounters renewed selling pressure, we may see another brief pullback. Traders should consider this possibility, as it could present additional opportunities to enter the market at more attractive levels before the uptrend resumes.
Conclusion:
In summary, the GBPNZD pair is poised to continue its upward trend after a short-term correction on the hourly timeframe. Traders should focus on the upcoming resistance levels as potential catalysts for renewed bullish momentum. By staying alert to both bullish and corrective scenarios, you can effectively navigate the market and adjust your strategies as needed.
By Piptera Digital Solutions,
Invest Wisely!
NZDUSD Is Approaching The Weekly Resistance and USD SeasonalityHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62500 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62500 support and resistance area.
Trade safe, Joe.
NZDJPY "Kiwi yen" Bank Bearish Robbery Plan on Short sideOla Hola Robbers / Traders,
This is our master plan to Heist NZDJPY market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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GBPNZD "the Quid" Bearish Money Heist plan to steal the bankMy Dear Robbers / Traders,
This is our master plan to Heist GBPNZD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
GBPNZD Analysis: Unveiling Bullish Opportunities with Strategy Hello Traders,
The chart above presents a straightforward and revealing analysis for the GBPNZD pair, showcasing two compelling signals of bullish market momentum.
Firstly, we observe the distinctive Cup & Handle pattern. The price has successfully surpassed the 161.8% Fibonacci level, now targeting the 200% level, which aligns with the 261.8% extension at 2.2200.
Secondly, within the context of an ascending channel, the price has traversed the midpoint, setting its sights on the same 2.2200 target.
Considering these indicators, initiating a long position with a target at 2.2200 appears justifiable. At present, there's no evidence of a daily timeframe market reversal. Even in the event of a retracement (as depicted in the red rectangle), which might span two weeks and cover 500 pips, it should be regarded as an opportunity for accumulating more positions.
While acknowledging the potential for corrections, it's crucial to approach trading with fragmentation of positions, exercising patience over impulsivity. An initial long position at 1% of capital is prudent, with the option to scale up by 1% for every 100-pip correction total 5%, ensuring careful risk management throughout.
Best regards,
NZDCHF Short-term buy on this Channel Up.The NZDCHF pair has been trading within a short-term Channel Up and yesterday hit its bottom, technically pricing the new Higher Low. Being around the 4H MA50 (blue trend-line) currently, we expect this to be the start of the new Bullish Leg.
The previous two rose by +2.63% and +2.19% respectively so we expect the current one to be at least another +2.19% from the Higher Low. As a result our short-term Target is 0.53100.
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Bearish drop?The Kiwi (NZD/USD has reacted off the pivot and could fall to the 1st support which has been identified as a pullback support.
Pivot: 0.6152
1st Support: 0.6090
1st Resistance: 0.6214
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD This MA squeeze giving a strong Buy Signal.The NZDCAD pair has been trading within a long-term Channel Up pattern, currently sitting above bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The upcoming squeeze of the two MA periods was last time a confirmation that the Bullish Leg that started would continue.
That rally peaked on June 12, just above the 1.236 Fibonacci extension. As a result, even though we are practically half-way into the current rally and the potential return is now less, we turn bullish on this pair, targeting 0.85650.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 87.651 level.
✅LIKE AND COMMENT MY IDEAS✅
Bullish bounce?NZD/CHF is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.52180
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.51706
Why we like it:
There is a pullback support level.
Take profit: 0.52840
Why we like it:
There is a pullback resistance level.
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.
AUDNZD Is Approaching A Decent SupportHey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.09400 zone, AUDNZD is an uptrend and currently is in a correction phase in which it is approaching the trend at 1.09400 support and resistance area.
Trade safe, Joe.
NZDCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NZDCHF for a selling opportunity around 0.53400 zone, NZDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.53400 support and resistance area.
Trade safe, Joe.