Hello Traders !
On The Daily Time Frame, The NZDUSD Price Reached a Strong Support Level (0.58138 - 0.57406)
The Price Formed an Inverted Head and Shoulders Pattern.
Currently,
The Neckline is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
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TARGET: 0.61030🎯
🏃 NZDUSD is moving in the 🔴 Resistance zone($0.6110-$0.6050) 🔴 and 🟡Price Reversal Zone(PRZ)🟡 .
🌊In terms of Elliott wave theory , NZDUSD seems to be completing a Zigzag correction(5-3-5/ABC) so that the main wave C structure is Ending Diagonal .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect NZDUSD to Fall to...
AUDNZD formed a double bottom formation, testing a key daily horizontal support.
We may anticipate a bullish movement from the underlined area
to 1.093 resistance.
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The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and...
Hi Traders !
On The Daily Time Frame, The NZDCAD Price Broke a Strong Resistance Level (0.82018 - 0.82600).
This Resistance Level Becomes a New Support Level.
Moreover,
-The Price Formed a Falling Wedge Pattern.
-The Resistance Line is Broken.
So, I Expect a Bullish Move.
I'm Waiting For Retest...
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TARGET: 0.83950🎯
The AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26:
The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is...
As We Talked in The Previous Analysis:
-The NZDCHF Price Reached A Support Level (0.51902 - 0.52084).
-The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level.
Currently,
-The Price Pull Back to 0.5 Fibonacci Retracement Level !
-and Formed a Bullish Falling Wedge
-and Now it Will Continue its Bullish Movement !
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TARGET: 0.54075🎯
The NZDJPY is trading within a Channel Up pattern and is currently on the latest bullish leg towards a new Higher High. All previous waves have been at least +6.12%, so that gives us still an opportunity to buy and target 92.150. If the RSI hits 73.40 before the target, close the buy regardless, as the 73.40 Resistance has formed the September 29...
NZDUSD is currently approaching a strong intraday/daily horizontal demand cluster.
After a CPI release, pay attention to an expanding wedge pattern on a 4H time frame.
Its resistance breakout - 4h candle close above - will give you a strong bullish confirmation.
A bullish movement will be anticipated at least to 0.5899
Alternatively, a bearish violation of a...
Hi Traders !
On Friday 3 Nov, The NZDCAD Price Reached a Resistance Level (0.82092 - 0.81964).
-The NZDCAD Failed To Create a New Higher High.
-The Price Formed a Double TOP Pattern.
Currently,
-The Neckline is Broken.
So I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 0.80100🎯
Hello Traders !
On Monday 30 Oct, The AUDNZD Price Reached A Strong Resistance Level (1.09492 - 1.09304).
The Price Formed an Ascending Channel.
The Support Line is Broken.
So, I Expect a Bearish Move 📉.
i'm waiting for retest...
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TARGET: 1.07840🎯
NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci...
Daily and weekly bias is still bearish. Price has now mitigated a discounted area for me to take sells. This area is confirmed with previous bearish break of structure completed because of an order block which left in efficiency with in the market because of how large the volume was the break it.
Hope this is insightful.
4HR Chart:
Hi Traders !
On The Daily Time Frame, The NZDCHF Price Reached A Support Level (0.51902 - 0.52084).
Currently:
-The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level.
So, I Expect a Bullish Move 📈.
i'm waiting for retest...
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TARGET: 0.54075🎯
Hello Traders !
-The EURNZD Failed To Create a New Higher High.
-The Price Formed a Triple TOP Pattern.
Currently,
-The Neckline is Broken.
So I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 1.78590🎯
Hello Traders !
On 4H Time Frame, The NZDCHF Price Reached a Support Level (0.51902 - 0.52084)
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.53330🎯
___________
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NZDCAD just turned bullish on the 1D technical outlook (RSI = 56.955, MACD = 0.000, ADX = 22.539) as it rebounded on the 1D MA50. The signs for this rally emerged after a Double Bottom Zone emerged, following a nearly 5 month RSI Bullish Divergence on HL, which indicates that we may be initiating a new long term bullish trend.
Our focus for now is on the short...
Hello Traders !
On Friday 20 October, The NZDCAD Price Reached a Support Level (0.79808 - 0.79418)
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.81100🎯
