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.
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NZD
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.
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.
NZD/USD Technical Analysis & Sentiment! BUY!
NZDUSD had a very bullish market opening.
Even though, we see a correctional movement on intraday time frames,
Daily time frame still remain very bullish.
Before the FOMC the pair will most likely manage to reach 0.618 level.
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NZDUSD: Bullish Continuation 🇳🇿🇺🇸
Quick update for NZDUSD.
In my yesterday's video, I spotted a confirmed structure breakout on a daily time frame.
I made a prediction that the broken structure would turn into support.
Analyzing, how the market acts during the London session opening, we see a positive bullish reaction
to the underlined area.
The pair will most likely keep growing to 0.618
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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.
AUDNZD Potential UpsidesHey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.09700 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.097 support zone, additionally AUDNZD have formed a bull flag in lower timeframe so we will be considering a potential breakout of the pattern.
Trade safe, Joe.
NZDUSD Strong buy signal on this Bullish CrossNZDUSD is trading inside a Channel Down for the whole year and today completed a 1day MACD Bullish Cross.
A cross over the 1W MA50 is the final validation of this buy structure.
Buy and target at least the 0.618 Fibonacci level at 0.62325.
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EURNZD to find buyers at market?EURNZD - Intraday
Daily signals are bullish.
Bespoke support is located at 1.7600.
A Morning Doji Star formation has been posted at the low.
The bullish engulfing candle on the daily chart is positive for sentiment.
We look to buy dips.
We look to Buy at 1.7575 (stop at 1.7525)
Our profit targets will be 1.7695 and 1.7725
Resistance: 1.7705 / 1.7736 / 1.7750
Support: 1.7670 / 1.7630 / 1.7600
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 Potential rejectionHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61150 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching an important supply area of 0.61150 zone, i would also keep an eye on the stock market to confirm the bias as NZDUSD does correlate in a positive way with indices.
trade safe, Joe.
NZDJPY support continues to hold back the bears.NZDJPY - 24h expiry - We look to Buy at 84.50 (stop at 84.05)
Previous support located at 84.41.
Previous resistance located at 85.00.
Price action looks to be forming a bottom.
Further upside is expected.
Dips continue to attract buyers.
Our profit targets will be 85.60 and 85.80
Resistance: 85.00 / 85.41 / 85.86
Support: 84.50 / 84.25 / 83.50
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.
NZDCHF potential bullish expansionAfter price broke higher timeframe structure to the upside, it retraced back down and retested the demand zone it left behind in the process. Price preceded to break structure on the 4h timeframe, giving us a change of character to the upside which could be an indication of the initial move of the expansion upwards. Price has now formed liquidity above a demand zone that it could use to fuel its move up, which provides an nice confluence to the analysis
NZDUSD to find buyers at previous support?NZDUSD - 24h
Previous support located at 0.6050. Previous resistance located at 0.6100. Price continues to trade within the triangle formation. Risk/Reward would be poor to call a buy from current levels. A move through 0.6100 will confirm the bullish momentum.
We look to Buy at 0.6040 (stop at 0.6016)
Our profit targets will be 0.6100 and 0.6115
Resistance: 0.6100 / 0.6150 / 0.6175
Support: 0.6050 / 0.6025 / 0.6000
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.
Institutional Supplu: AUD/NZD ShortHi again!
Cool - it's time to share the second chart I've my eyes on as well for the upcoming 48 hours! It is of course AUD/NZD (again) but this time for a potential short play!
Overall, our criteria points are met, and they are rather simple so that is nice. However, we've some additional things that I like! And, that is the fact that this pair is getting very over-extended and that is pretty rare for pairs such as these. This does increase the probability of my zone playing out for a pullback, so I'll be waiting!
Of course, the 4hour time-frame is what I am looking at to confirm my bias.
Kind regards,
Max Nieveld
AUDNZD: Turning into a sell as it approached the Channel's top.AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over.
Consequently, we turn bearish ourselves, targeting the bottom of the Channel Up (TP = 1.062500).
Prior idea:
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NZDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81650 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.81650 support and resistance zone.
Trade safe, Joe.
NZDUSD, D1 | Reversal off key resistanceWe're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection.
It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower.
A reversal from here could see prices potentially drop all the way down to our major support at 0.5749 which also happens to be a 78.6% Fibonacci retracement.
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NZDUSD Conditions for a buyNZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom.
There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry.
Trading Plan:
1. Buy if the price closes over the MA50 (4H).
2. Buy when the MACD (1d) completes a Buy Cross.
Targets:
1. 0.62150 (Fibonacci 0.618) in both cases.
Tips:
1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry.
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