More downside for NZDUSDThe NZDUSD fails to break above the 23.6% Fibonacci retracement level, which could signal further downside potential.
if the price breaks below the Friday low, could see a continuation to the downside with the next key support level at 0.5893
Anticipating the AUDUSD to drop following the RBA decision tomorrow, the NZDUSD could follow suit as the currencies maintain the correlation
Kiwi
Kiwi H4 | Falling to pullback supportThe Kiwi (NZDUSD) could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.59030
Why we like it:
There is a pullback support
Stop Loss: 0.58407
Why we like it:
There is a pullback support
Take Profit: 0.59939
Why we like it:
There is an overlap resistance that sits under the 23.6% Fibonacci extension 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.
GBPNZD 3/9/23Another move giving us a bias due to news, now of course we are already looking at this with a sell side in mind now we have a range we are looking to get a tap in to follow said direction.
We have a refined 3 min POI for this swing so as we said about USDJPY we are going to follow but with a more refined and less exposed entry method.
high levels of liquid have been built on both sides of the market including above structure which will give price a nice reason to push back to our entry zone.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NZDUSD - Kiwi struggling to break 0.60 Hello Traders,
After two weeks the FX:NZDUSD pair seems to have found support at 0.59 touching this week a minimum price of 0.588 that has been bought different times.
Price action suggesting us that bulls can take the control in short time supported by the 50, 100 and also the 21 simple moving average targeting the 200 SMA at 0.605.
Above the 200 SMA we will have a confirmation for next targets.
Tomorrow’s data will shake the pair with good chances to touch my fake profit target at 0.605.
We have just entered against the news! would you dare to?!
We have just short kiwi by half of normal risk.
We believe these are the places that technical levels works better than news! News just helped us to see NZDUSD reached our entry!
NOTE: We mostly consider news as an important factor to move the market! This time was an exception.
Kiwi H4 | Potential bearish breakoutThe Kiwi (NZD/USD) is falling towards a potential breakout level. Price could drop lower towards our take profit target. Wait for breakout confirmation prior to entering the position
Entry: 0.59030
Why we like it:
There is a potential breakout level
Stop Loss: 0.59581
Why we like it:
There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level
Take Profit: 0.58474
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci projection 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.
Kiwi H4 | Potential bullish bounce off multiple swing-lows?The Kiwi (NZDUSD) is falling towards the buy entry at 0.59082 which is a multiple swing-low support and could potentially reverse from this level to bounce higher.
Stop loss is at 0.58306 which is a pullback support level that sits below the 61.8% Fibonacci projection level.
Take profit is between 0.59800 0.59951 which is an overlap resistance.
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. 70% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
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.
Kiwi H4 | Rising into 32.8% Fibo resistanceThe Kiwi is rising towards the sell entry at 0.59851 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here to drop lower.
Stop loss is at 0.60504 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
Take profit is at 0.59082 which is a multiple sing-low support.
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. 70% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
Kiwi H4 | Rising into 38.2% Fibo resistanceThe Kiwi is rising towards the sell entry at 0.59851 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here to drop lower.
Stop loss is at 0.60504 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
Take profit is at 0.59152 which is a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 23.6% retracement and the 61.8% projection levels.
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. 70% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
Kiwi H4 | Rising to 38.2% Fibo resistanceThe Kiwi (NZDUSD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59851
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 0.60296
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level
Take Profit: 0.59030
Why we like it:
There is a multiple swing-low support
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.
EURNZD 20/8/23EURNZD has become one of our main pairs after we back tested over 12months of PA and had increased returns, now we follow this pair on a daily basis!
super simple sell range here so we are going to go for a short at our POI if we meet our entry requirements, NOW as we have such a large range we are using a confirm entry to get the best idea of price dropping or leading us higher.
cons are good for this range, liquidity, POI high volume, bank zone at our POI and overall clean break of the last range.
**KEY NOTE**
Jackson hole meetings this week that always shake up the markets so please keep an eye on that event!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Kiwi H4 | Rising towards 38.2% Fibo resistance?NZDUSD is rising towards the sell entry at 0.59925, which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 0.60372 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level.
Take profit is at 0.59313 which is a swing-low support.
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. 70% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
NZDUSD H4 | Rising towards 38.2% Fibo resistanceNZDUSD is rising towards an overhead resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 0.59926
Why we like it:
There is an overlap resistance that aligns close the 8.2% Fibonacci retracement level
Stop Loss: 0.60309
Why we like it:
There is an overlap resistance that sits above the 50.0% Fibonacci retracement level
Take Profit: 0.59315
Why we like it:
There is a swing-low support
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.
Trading Under The Spotlight: My Open Analysis Odyssey #3Hello again TradingView community!
As we continue on this analytical voyage, I've come across yet another intriguing setup. For those who might be joining in just now or for the regular companions, a quick recap on the guidelines and purpose of this series:
1. Transparency, Not a Tutorial : While I'm generously laying out setups, the intricate logic and reasoning behind them remain my personal insights. This isn't trading advice but rather a sneak peek into my trader's psyche.
2. Frequency & Execution : Different days bring different setups, and not all of them transform into trades. These posts serve as snapshots of my thoughts and should be seen as a testament to my trading evolution rather than explicit trade signals.
3. Purpose & Growth : This endeavor primarily focuses on sharpening my analytical capabilities and embracing any feedback or critique that comes my way.
Today's focus lies with a commonly traded pair: The Kiwi
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Instrument : NZDUSD
Bias : Short
Overall Trend : Short
Thoughts : This trade resonates with the prevailing fundamental trend being sculpted by the ongoing macroeconomic factors. As the global economy weaves its narrative, it's evident how it is influencing this particular setup.
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The journey is as enlightening as ever. Whether you're here just to spectate, to learn, or to offer insights, your presence is immensely appreciated. Here's to more analyses, introspections, and shared growth! Onward and forward!"
NZDUSD: Sentiment, Fundamental and Technical viewAccording to our online observations more than 80% of traders long NZDUSD right now!
However fundamentally by decreasing in price predictions of diaries, Kiwi could bear a more decline in long-term.
Next week RBNZD intrest rate decision could also change the market. (only if be different to predicitions).
Also China's political problesm with free world could effect New zealand more than Europe and USA!
Today might be good day to long for scalpers and other short-term traders.
But in mid-term and long-term We suggest shorting NZDUSD.
If just like us, you have some open short positions, it's good idea to clsoe some of them and short again in probable higher prices.
🔥🔥🔥 NZDUSD...UT (15m) 🔥🔥🔥
BSO @ 0.6088 ⏳
BLO2 @ 0.6077 📈
BLO1 @ 0.6066 ⏳
Choose your TP based on your favorite trading strategy or time frame:
🇳🇿 NZDUSD (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 5 pips
15 minutes 3 pips
5 minutes 2 pips
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Ranging with an Uptrend Bias
— CounterTrend: NO (moderate risk trade)
🔥 NEW: GBPNZD 🔥 COUNTERTREND 🔥⚠️ A countertrend trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the trend identified by P2P INDi Curve Analysis. countertrend trading can be a very profitable strategy, but it is also more risky than trend following.
-SL @ 2.0930 🚫
SLO @ 2.0845 ⏳
SSO @ 2.0725 ⏳
TP1 @ 2.0525 (shaving 25%)
TP2 @ 2.0350 (shaving 25%)
TP3 @ 2.0215 (shaving 25%)
TP4 @ 2.0000 (closing ALL Sell Orders)
Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair.
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Bullish HSI Can Be Supportive For The KiwiNice bounce on HSI, looks like a bottom in 2022 because of an impulse up, now right shoulder at support. China is doing everything to support its economy, but with high rates in other major countries, they just cannot pick up that easily.
However, when economy in China will really start picking up that’s when commodity currencies like AUD and NZD can benefit. Also, recently China announced that they are in trade talks with New Zealand, so maybe NZD has also nice upside potential especially vs USD, now when FED can be close to end the hiking policy. Looking at NZDUSD chart, we can see slow price action and corrective wave structure after an impulse from the lows, which indicates for more gains in upcoming weeks/months.
✨NEW: NZDUSD ✨ SWING TRADE ✨SLO2 @ 0.7425 ⏳
SLO1 @ 0.7150 ⏳
TP4 @ 0.7050 (closing ALL Buy Orders)
TP3 @ 0.6900 (shaving)
TP2 @ 0.6715 (shaving)
TP1 @ 0.6500 (shaving)
BLO @ 0.6325 ⏳
📈 I'm anticipating a continuation of the UT. If I'm correct, we have some BIG MONEY coming.
TECHNICAL ANALYSIS
The New Zealand economy is expected to grow at a faster pace than the US economy in 2023, and this could lead to a stronger NZDUSD exchange rate. Additionally, the Federal Reserve is expected to raise interest rates more aggressively than the Reserve Bank of New Zealand, which could also support an uptrend for the Kiwi Dollar.
Overall, the current technical analysis for the Kiwi Dollar is mixed. There are some technical indicators that suggest that the downtrend could continue, but there are also some fundamental factors that could support a near-term uptrend.
Keep monitoring these indicators:
The 200-day moving average: This is a long-term moving average that can provide support or resistance for the NZDUSD pair. If the price breaks below the 200-day moving average, it could signal a continuation of the downtrend.
The MACD indicator: This is a momentum indicator that can help to identify overbought and oversold conditions. If the MACD indicator turns bearish, it could signal that the downtrend is resuming.
The relative strength index (RSI): This is a momentum indicator that can help to identify overbought and oversold conditions. If the RSI falls below 30, it could signal that the Kiwi dollar is oversold and due for a rebound.