NZDJPY to find sellers at previous resistance?NZDJPY - 24h expiry
Price action looks to be forming a top.
Short term RSI is moving higher.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 86.35.
We look to Sell at 86.35 (stop at 86.65)
Our profit targets will be 85.30 and 85.00
Resistance: 86.30 / 86.80 / 87.20
Support: 85.30 / 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
Bearish reversal?NZD/USD has rejected off the resistance level which is an overlap resistance that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5933
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 0.5960
Why we like it:
There is a pullback resistance level.
Take profit: 0.5893
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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.
NZDJPY - Off We Go... Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDJPY has been overall bullish trading within the rising channel marked in red.
Moreover, the green zone is a strong demand!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NZDJPY approaches the blue 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Potential bearish drop?The Kiwi (NZD/USD) has rejected off the pivot that lines up with the 127.2% Fibonacci extension and could drop to the pullback support.
Pivot: 0.5933
1st Support: 0.5893
1st Resistance: 0.5968
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.
NZDUSD to find buyers at previous swing low?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot support is at 0.5850.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5900 will confirm the bullish momentum.
The measured move target is 0.5975.
We look to Buy at 0.5850 (stop at 0.5800)
Our profit targets will be 0.5950 and 0.5975
Resistance: 0.5900 / 0.5950 / 0.5975
Support: 0.5875 / 0.5850 / 0.5825
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.
SHORT NZD/CNH 8H Investment Opportunity
Hello, I am trader Andrea Russo and today I want to talk to you about a SHORT investment opportunity on the NZD/CNH exchange rate.
Trade Details
The trade starts at the 4.40 area with a Stop Loss (SL) at 4.44 and a Take Profit (TP) at 4.21.
Market Analysis
Currently, the NZD/CNH exchange rate is around 4.381. The recent performance of the NZD has shown some volatility, influenced by economic factors such as inflation in New Zealand and trade policies. These elements have contributed to creating a context of uncertainty that could favor a decline in the exchange rate.
Trading Strategy
The proposed strategy involves entering a SHORT position at 4.40, anticipating a decline towards the level of 4.21. The Stop Loss at 4.44 is used to limit losses in case the market moves against our prediction. This setup offers a good risk/reward ratio, making the trade interesting for traders looking for short-term profit opportunities.
Final Thoughts
This trading opportunity requires careful risk management and constant monitoring of market conditions. The volatility of the NZD/CNH exchange rate can offer good profit opportunities, but it is essential to be prepared to react quickly to changes. It is advisable to stay updated on economic news and events that could affect the market.
Happy trading!
NZDUSD: Close to a 1D Golden. Best sell confirmation in 2 years.NZDUSD is neutral on its 1D technical outlook (RSI = 48.000, MACD = 0.002, ADX = 34.685) as it got rejected from last month's highs back to the 1D MA200. Ahead of a 1D Golden Cross, that high was most likely the lower high of the 2 year Channel Down. Every 1D Golden Cross ended with a 0.786 Fibonacci test at least. We're bearish on the medium term, TP = 0.56250.
See how our prior idea has worked out:
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Potential bullish bounce for the Kiwi?The price has bounced off the pivot, which is an overlap support, and could rise to the 61.8% Fibonacci resistance.
Pivot: 0.5886
1st Support: 0.5861
1st Resistance: 0.5940
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.
Falling towards 61.8% Fibonacci support?NZD/USD is falling towards the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5887
Why we like it:
There is an overlap support level that lines up with the 61.8% Fibonacci retracement,.
Stop loss: 0.5863
Why we like it:
There is a pullback support level.
Take profit: 0.5932
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
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.
Falling towards Fibonacci confluence?NZD/USD is falling towards the support level which is a pullback support that lines up with hte 161.8% and the 145% Fibonacci extension, slightly above the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection, and could bounce from this level to our take profit.
Entry: 0.5831
Why we like it:
There is a pullback support level that lines up with the 161.8% and the 145% Fibonacci extension, slightly above the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection
Stop loss: 0.5796
Why we like it:
There is a pullback support level that lines up with the 100% Fibonacci projection.
Take profit: 0.5893
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
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 - The Bull of the Week!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURNZD has been overall bearish trading within the falling channel marked in red.
However, it is retesting the lower bound of the channel acting as an over-sold area.
Moreover, the blue zone is a strong demand!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #EURNZD approaches the blue 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Falling towards pullback support?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.5888
1st Support: 0.5830
1st Resistance: 0.5977
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.
NZDUSD to find buyers at current market price?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5950 will confirm the bullish momentum.
The measured move target is 0.6025.
We look to Buy at 0.5900 (stop at 0.5850)
Our profit targets will be 0.6000 and 0.6025
Resistance: 0.5950 / 0.6000 / 0.6025
Support: 0.5900 / 0.5875 / 0.5850
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.
Bearish drop for the Kiwi?The price has rejected off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.5938
Why we like it:
There is an overlap resistance level.
Stop loss: 0.5968
Why we like it:
There is an overlap resistance level.
Take profit: 0.5853
Why we like it:
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Enjoying your TradingView experience? Review us!
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.
Falling towards pullback support?The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.5902
1st Support: 0.5852
1st Resistance: 0.6020
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.
NZDJPY to find sellers at current resistance?NZDJPY - 24h expiry
The primary trend remains bearish.
The rally has posted a correction count on the daily chart.
Price action looks to be forming a top.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 85.95.
We look to Sell at 85.95 (stop at 86.20)
Our profit targets will be 85.05 and 84.85
Resistance: 86.10 / 86.40 / 86.70
Support: 85.30 / 85.00 / 84.80
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 - Strong Intersection!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURNZD has been in a correction phase trading within the falling red channel and it is currently retesting the lower bound of the bullish channel marked in blue.
Moreover, the green zone is a strong structure and support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue and red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #EURNZD approaches the blue circle, 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6000 will confirm the bullish momentum.
The measured move target is 0.6075.
We look to Buy at 0.5950 (stop at 0.5900)
Our profit targets will be 0.6050 and 0.6075
Resistance: 0.6000 / 0.6025 / 0.6050
Support: 0.5950 / 0.5925 / 0.5900
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.
Bearish drop?NZD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 86.11
1st Support: 84.18
1st Resistance: 86.84
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.
Bearish drop?NZD/JPY is reacting off the resistance level which is a pullback resistance and could potentially drop from this level to our take profit.
Entry: 86.13
Why we like it:
There is a pullback resistance level.
Stop loss: 87.27
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci projection.
Take profit: 85.10
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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 to find buyers at the current market price?EURNZD - 24h expiry
Offers ample risk/reward to buy at the market.
Buying posted close to the previous low of 1.8911.
1.8911 has been pivotal.
A Morning Doji Star formation has been posted at the low.
Price action continued to range between key support & resistance (1.9000 - 1.9250) and we expect this to continue.
Daily signals are mildly bullish.
We look to Buy at 1.8957 (stop at 1.8875)
Our profit targets will be 1.9205 and 1.9265
Resistance: 1.9047 / 1.9147 / 1.9265
Support: 1.8911 / 1.8850 / 1.8800
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.
Bullish bounce off pullback support?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 0.5818
1st Support: 0.5690
1st Resistance: 0.6025
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.