Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm. We will close our open trades, if the Midterm level 1.0630 is broken. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.0630 would begin in Midterm. We will close our open trades, if the Midterm level 1.0630 is broken. Technical analysis: While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low. A peak is formed in...
hey traders, nzdusd is standing on a 6 years low on a weekly. recent false breakout of a previous structure low on a daily leaves us clues that bearish pressure is exhausted. currently, the market is started to contract within a symmetrical triangle formation - a clear indication of high indecision. though according to a common rule, we trade such triangle,...
The pair is trading on a major 1W Channel Down (RSI = 35.456, MACD = -0.012, Highs/Lows = -0.0100) that is approaching the Lower Low trend line following a rejection on the 1D MA50 on the median of the Channel. This has 0.60800 as the immediate target. There are two scenarios that arise both bearish on the long term. Either a break below the major Channel Down...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
This pair has been on a non-stop rise since the beginning of August that only recently exhausted near the 2.00290 1W Resistance. This is most likely a Double Top rejection formation and 1W may form a Rectangle within that Resistance and the 1.82800 Support. With 1W fast approaching neutral levels (RSI = 55.639, MACD = 0.010, Highs/Lows = 0.0299), we are expecting...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
AUDNZD has been trading on a long term 1M Rectangle (RSI = 52.038, STOCH = 48.673, CCI = 42.575, Highs/Lows = 0.0000) within 1.02350 - 1.13350 since March 2016. I recently broke the 1W MA200 (yellow dotted line) in a candle sequence that appears to be replicating the March 2017 pattern. This sequence (2017) followed with a strong rejection (on the second 1W...
NZDUSD is on a corrective structure. The market has recently reached 0.634 structure resistance and we see a very strong rejection on 4h. there is a high chance to see a strong bearish pressure to retest the market low. for confirmation, I will be waiting for a bearish violation of 0.63 level. only then the breakout of a bull flag will be confirmed. Target...
- RBNZ likely to hold rates this meeting (Wednesday 2:00 am GMT) - The unemployment rate fell to 3.9% in Q2, wages picked up to 2.2% y/y - consumer spending increased to 39273 Million in Q2 reaching an all time high. -futures markets are currently pricing two more 25-bps cuts over the next 12 months so any upside momentum could be short lived, i will not hold any...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.631. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.636. TP4: R2=0.638. Set the stoploss of these orders at breakout of S2=0.63. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.631. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.636. TP4: R2=0.638. Set the stoploss of these orders at breakout of S2=0.63. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
I think the price didn't go higher than the 08.May high
\ EURNZD is also approaching significant level of resistance. I will be waiting for a bearish breakout of a rising wedge on 1H to short the pair. Stop will be above the highest point of the wedge. T1 - 1.740 T2 - 1.725