D1 - Triple cycle up, looks like a double wave correction is happening now. We may expect one more leg down towards 38%-50% fibo level. H1 - Magnet zone at 1.6970 could be tested along with the D1 trend line but generally we are already at good level to look for sells. Most recent trend line was already broken, we have multiple false breaks. Break below...
W1 - Based on the levels of the double cycles we have a magnet zone. We may expect the price to move higher and reach this magnet zone with bearish divergence and then a reversal to happen from there. D1 - Bearish divergence. H4 - We may expect one more push higher with bearish divergence to form. We can then look for sells with the breakout of the uptrend...
H4 - False break with bullish divergence, price moving higher. Hidden bearish divergence completed which is now transforming into continuing divergence. Price is currently at the 50% retrace level of the H4 cycle. H1 - Based on the fibo extension level of the first leg, the 61.8 fibo extension level and 61.8 fibo retrace level of the H4 cycle coincides on the...
D1 - Price is nearing the top of the channel. H4 - Price broke above the first magnet zone and is holding above it. We may now expect it to reach the second magnet zone and a reversal to happen from there. The second magnet zone coincides with the top of the channel and also we have a potential bearish divergence forming at the moment. Once the price reaches...
D1 - Price reached the magnet zone, bearish divergence forming, we may expect a reversal to happen soon. H4 - Price broke above the range and reached the magnet zone. We have bearish divergence, we may now expect the price to create bearish convergence and then look for a correction. Once the correction completes itself, we can join the sells. Aggressive...
The New Zealand Dollar has been losing a lot of strength these past weeks after achieving a new high of .74 and above. Upon review on a 4H time frame there are some key levels to realize. The nearest target price also the most magnetizing level being the .73116 for its reputation of price revisiting it quite often upon its rise and demise. When tested, we may see...
W1 - Price is nearing the magnet zone formed by the 50% fibo retrace of the special cycle and 61.8 fibo extension of the double cycle. Once the price reaches this magnet zone we can look for sells. D1 - Bearish convergence formed, we may now look for pullbacks and sells. H4 - Lower lows, we may now look for a flat correction in the form of a range or a double...
D1 - Price broke below the bottom of the range, bearish convergence formed. We may now look for correction and then sells. H4 - Triple cycle down, price reached 50% retrace of this triple cycle, hidden bearish divergence formed. H1 - Double wave up, price reached the magnet zone, bearish divergence formed, reversal happened, price broke below the uptrend line....
H4 - Double wave up, second leg is developing we may expect the price to reach the magnet zone. H1 - Small double wave up forming. Currently a flat correction is happening and we may expect one more push to the upside with bearish divergence to form. Once the price reaches the magnet zone we can go short with the breakout of the most recent uptrend...
H4 - Price broke out at the top of the range and is now respecting the trend line. Correction is happening now. Once the correction completes itself anywhere near the magnet zone we can look for buys. H1 - We may expect more pushes to the downside and the price entering inside the magnet zone and creating a bullish divergence, then we can go long with the...
W1 - Hidden bullish divergence. D1 - Double wave down with bullish divergence. Trend line broken. H1 - Triple cycle up. double wave down. There are two magnet zones. We may now expect the second leg of the double wave to reach the magnet zone and then we can go long with the breakout of the trend line.
H4 - Hidden bullish divergence, we can expect second leg down until the price reaches the magnet zone. H1 - We may expect pullbacks and only down moves. We expect the price to move lower on short term and in the mid, long term.
D1 - Price broke at the bottom of the triangle pattern and is holding below it. Potential divergence is forming. H4 - There is already divergence but there is no other sign of bullish momentum yet. We have a strong support level below 77.20 range. Price broke below first magnet zone and is moving towards the second magnet zone. We are now looking for short...
H4 - Triple cycle with double waves inside. We also have bullish divergence. D1- Price has reached the magnet zone. H1- We have a false break if we get a breakout above the last high, look for correction and once the correction completes itself, we can start looking for buys. The breakout of the last high will also create higher highs for us.
D1 - Special Cycle completed, we have double waves down and price reached an extreme zone. We can look for buys with the breakout of the most recent trend line. H4 - We have multiple cycles, all cycles are reaching towards the same magnet zone. Now we need to look for confirmations of bullish reversal in the form of false breaks, breaks above highs, trend line...
D1 - Price moving inside a range, Potential special cycle has formed inside and potential divergence to form as well Price is expected to reach the uptrend Line that coincides with the bottom of the horizontal range. H4 - Price reached magnet zone So from this zone and a bit lower we can start looking for buy opportunities with trend lines breakout or FLC...
D1 - Price is moving at the top of the range and potential bearish divergence forming. H4 - Price is at the top of the range where we also have a magnet zone. We also have a bearish divergence that has formed. If a reversal doesn't happen here then we may expect the price to move higher and reach the second magnet zone and a reversal to happen from there. We...
Price is breaking above the weekly range. If this turns out to be a valid breakout we will start looking for buys. D1 - Price is bouncing from magnet zones. As long as the breakout of the W1 range is holding, look for corrections and go long.