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NZD

NZDCAD This rise is a great opportunity to sellThe NZDCAD pair provided us with one of the best short opportunities (see chart below) earlier this year in January, which was confirmed when the 1D MA100 broke: As you can see, this created a Channel Down pattern and the recent rise that broke above the 1D MA50 (blue trend-line) is the bullish leg towards the new Lower High. Technically it shouldn't exceed the 1D MA200 (orange trend-line) but there is some probability that since we have Diverging Lower Lows (dashed) we may see a Diverging Lower Highs trend-line emerge. In any case, with the 1D RSI the closest to the 70.00 overbought barrier since July 14 and the last Lower High, the Risk/ Reward favors shorting, with our targeting being at 0.78515 (-5.20% decline as the last two, contacting the Diverging Lower Lows trend-line). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPNZD 9/10/23British pound to the New Zealand dollar showing us a consistent swing move to the downside which has played out around 4 to five times already before we got to the point we're at now we now have another clean push to the downside with a clear POI and a swing high to match we're now waiting for the formation of our swing low once this is formed we will have a valid range to look for short moves but as we stated at the beginning we have played out swing lows around five times now which means that we are building a significant amount of liquidity to the upside meaning the more we play lower the more likely an expansion to the upside could occur for either a short term or an overall longer term shift.
by PipSurfingSociety
NZDUSD On last pull back and then rebound to 0.6200NZDUSD is testing the MA50 (1d) after a Support (1) rebound. The Arc pattern looks like the one from March-April. Following a double MA50 (1d) breach, the price made one last pull back and then rebounded. Trading Plan: 1. Buy on Support (1) again. Targets: 1. 0.6200 (the 0.618 Fibonacci level, which was the May 11th high). Tips: 1. The RSI (1d) is also highly correlated with the March-April sequence, indicating that we may be on the April 13th leg. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
4
GBPNZD: Counter trend buy. Only short term.GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP = 2.092225), and the 1D MA50, even though if it follows the stardard format of previous rises, it can go as high as 2.13000. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
NZDUSD - Wait For The Bulls ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDUSD has been overall bearish trading inside the falling broadening wedge pattern in orange, and it is currently approaching the lower bound of the wedge. Moreover, the zone 0.57-0.58 is a strong support zone. 🏹 So the highlighted orange circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower orange trendline acting as a non-horizontal support. As per my trading style: As NZDUSD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom 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
by TheSignalyst
3
GBPNZD: Retest of the ascending channel?As we can see GBPNZD has rejected support having broken through the long term ascending channel. According to my chart we've not retested the channel yet (obvs this isn't always the case, but I would have expected it as it was a long term bullish trend), so I'm thinking it will. As this is a retracement trade i'll be looking to TP before my resistance block just in case, but I'm thinking this will move higher before a drop down to at least current levels. This also hedges against my planned GBPAUD trade in an earlier idea.
Long
by Finchcliffe
2
Gbpnzd,pretty dead...still bias to downsideStill on the downside for shorts...watching on the h1. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
🚨NZDUSD will Fall by Ascending Broadening Wedge Pattern🚨✅NZDUSD managed to form an Ascending Broadening Wedge Pattern. 🐮Also, NZDUSD seems to have passed a Bull Trap . 🏃Currently, NZDUSD is moving in the 🔴 Resistance zone($0.6018-$0.5980) 🔴. 🔔I expect the NZDUSD to fall to the 🟢 Support zone($0.594-$0.5929) 🟢 and the lower line of the classic pattern due to the formation of the 💫Evening Star Candlestick Pattern💫 above the upper line of the Ascending Broadening Wedge Pattern. New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
20
NZDJPY, Massive Triangle-Breakout, Pointing to Target-Zones!Hello There! Welcome to my new analysis of NZDJPY. In recent times it has to be mentioned that there are only a few forex pair setups that have such a bullish potential as I have spotted it with NZDJPY. This is why I detected all the important price actions, underlying dynamics, and upcoming perspectives that should be primarily considered with NZDJPY. In fact, NZDJPY already emerged with a main entry setup however the reward potential is likely to increase once NZDJPY completes the whole formation. The chart price-action is forming this important ascending triangle formation in which NZDJPY has the coherent wave count that is about to be completed within the upcoming times. Furthermore, NZDJPY has the main ascending trend line supports within the boundaries. The fact that NZDJPY is already building a breakout attempt with a bull flag on the local structures is increasing the scenario determination of the final breakout to emerge within the upcoming times. Once NZDJPY has formed the final ascending triangle breakout above the upper boundary this is going to point to the expansion origin and is going to activate two main target zones within the whole development, the first target zone is within the 93.5 area and the second target zone is within the 97.5 area. When NZDJPY continues with the established dynamics from there on it also has the further ability to bounce into a new all-time high direction above these zones. Thank you everybody for watching my idea about NZDJPY. Support from your side is greatly appreciated. "Don't look for the needle in the haystack. Just trade the haystack!" VP
by VincePrince
6
NZDEUR, Major BULL-Flag-Formation, Targets Objections!Hello There! Welcome to my new analysis of NZDEUR. In recent times I have spotted many gems within the forex market. With NZDEUR I have analyzed the underlying dynamics and spotted important determinations that have the potential to elevate NZDEUR into a massive bullish breakout development with expanding price-action dynamics and activation of important target-zones. In this case, NZDEUR is a considerable long-side opportunity, and when continuing with a total-return approach as I am doing it the best is to also consider other short-side opportunities in the market. When looking at my chart NZDEUR moved forward with completing a highly important formation here which is this major ascending channel formation and NZDEUR continued with an appropriate breakout above the upper boundary confirming the boundary as the main support level together with the 65EMA and 35EMA. Furthermore, NZDEUR has the main structure support within the range marked in orange in my chart. NZDEUR already bounced several times in these important support zones and is now building a greatly determined bull-flag formation above the prevalent support levels. Taking all the major factors into consideration here the next time the final bull-flag completion breakout of NZDEUR should be considered. Once the final bull flag has been completed as marked in my chart with the final bullish bull-flag breakout setup this is going to be the origin of the major wave-E expansion movements toward the upside dynamics, and once this final breakout has shown up it is going to activate the initial minimum target-zone as marked in my chart at 0.5708, above this the second target-zone will be at 0.57382, and the final target-zone will be within the 0.577 level. Thank you everybody for watching my idea about NZDEUR. Support from your side is greatly appreciated. “I always knew I was going to be rich. I don't think I ever doubted it for a minute. ” VP
by VincePrince
2