AUDNZD:RBNZ is outhawking RBAHey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.09800 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09800 support and resistance area.
Trade safe, Joe.
NZD
EURNZD - Monster 900pip Move Coming!EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play.
We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A.
Trade Idea:
- Watch for a correction to appear
- Enter on break of correction with stops either above correction or above invalidation
- Targets: 1.745 (600pips), 1.71 (900pips)
If this setup gets enough traction, we'll make sure to send updates and let you guys know when its active!
Goodluck and as always, trade safe!
Heading into overlap resistance, could it reverse from here?NZD/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 0.6046
Why we like it:
There is an overlap resistance level.
Stop loss: 0.6083
Why we like it:
There is a pullback resistance which aligns with the 138.2% Fibonacci extension.
Take profit: 0.5980
Why we like it:
There is an overlap support 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.
NZDUSD to see a temporary move higher?NZDUSD - 24h expiry
Price action has stalled at good resistance levels and currently trades just below here (0.6050).
Price action looks to be forming a top.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6025 will confirm the bearish momentum.
We look to Sell at 0.6050 (stop at 0.6070)
Our profit targets will be 0.6000 and 0.5990
Resistance: 0.6040 / 0.6050 / 0.6075
Support: 0.6025 / 0.6000 / 0.5990
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.
EURNZD to break to the upside?EURNZD - 24h expiry
Daily signals are mildly bullish.
Dips continue to attract buyers.
1.7966 has been pivotal. A break of the recent high at 1.7966 should result in a further move higher. We are trading at overbought extremes.
We look to Buy a break of 1.7971 (stop at 1.7931)
Our profit targets will be 1.8071 and 1.8091
Resistance: 1.7947 / 1.7966 / 1.8000
Support: 1.7925 / 1.7880 / 1.7842
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.
EURNZD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.79900 zone, EURNZD 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 1.79900 support and resistance area.
Trade safe, Joe.
For Shorts on GbpnzdHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
I am bearish on the pairs, more downside should be there.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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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.
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Heading into overlap resistance?The Kiwi (NZD/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.6084
1st Support: 0.5984
1st Resistance: 0.6082
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.
EURNZD in a bear flag.EURNZD - 24h expiry
Price action is forming a bearish flag which has a bias to break to the downside.
Trend line resistance is located at 1.7960.
Rallies should be capped by yesterday's high.
We look for a temporary move higher.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 1.7950 (stop at 1.8000)
Our profit targets will be 1.7830 and 1.7800
Resistance: 1.7926 / 1.7966 / 1.8000
Support: 1.7886 / 1.7842 / 1.7800
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.
NZDCHF Short-term buy opportunity.The NZDCHF pair delivered a strong buy signal following our last bullish call (February 29, see chart below) and after hitting the top of the Channel Up, it immediately pulled back to its bottom (Higher Lows trend-line):
The price is already on former Resistance 1 but has some more room left to expand to upwards before pulling back again, as the minimum Bullish Leg within the Channel Up has been +4.05%. As a result we are bullish short-term with a 0.54950 Target (+4.05%).
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NZDCAD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83000 zone, NZDCAD 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 0.83000 support and resistance area.
NZDCAD - 📈 => 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), NZDCAD rejected the lower bound of the red channel and traded higher.
What's next?
📈 NZDCAD has been overall bearish, trading within the falling channel in red.
At present, NZDCAD is undergoing a correction phase, trading within the short-term rising channel in blue, and it is currently approaching the upper bound of the channel.
Moreover, it is retesting a strong resistance zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green resistance and upper trendlines.
📚 As per my trading style:
As #NZDCAD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD Going for a 0.786 Rejection. Trade at the right time.The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down.
With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new 0.786 Fib, which now happens to be exactly at the top of the Channel Down.
As a result, as long as the pair doesn't close a 1D candle above the 0.786 Fib, we are bearish, targeting 0.80300 (the -0.136 Fib extension). If the 1D candle gets closed above the 0.786 Fib, we will take the small loss and buy, targeting 0.85000.
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Could EUR/CHF reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97976
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98340
Why we like it:
There is a pullback resistance level.
Take profit: 0.97219
Why we like it:
There is a pullback support 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.
Potential bullish bounce?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.81706
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.81212
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.82427
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.
NZDUSD forming a top?NZDUSD - 24h expiry
Price action has continued to trend strongly higher and has stalled at the previous resistance near 0.6040.
Short term RSI has turned negative.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6000 will confirm the bearish momentum.
The measured move target is 0.5980.
We look to Sell at 0.6040 (stop at 0.6065)
Our profit targets will be 0.5980 and 0.5970
Resistance: 0.6020 / 0.6040 / 0.6050
Support: 0.6000 / 0.5990 / 0.5980
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.
NZDUSD Is approaching a significant resistanceHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60400 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area.
Trade safe, Joe.
Falling towards 50% Fibonacci retracement support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.10558
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 2.09520
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 2.12615
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.