The price crossed 1-Year Low and accumulate it's volume in Trianfle figure at the time.
It will be good Buy entry after exit from the Triangle.
I show 1 and 2 potential targets at the 12H chart.
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Thanks for your support!
on a daily audnzd is approaching a strong area of resistance.
on 4H we see a head and shoulders pattern formation inside this area.
it is a very good sign of a weakening bullish momentum.
I will be waiting for a bearish breakout of a neckline to short the pair.
T1 - 1.059
T2 - 1.0545
Stop - 1.07
Midterm forecast:
While the price is above the support 1.0530, resumption of uptrend is expected.
We make sure when the resistance at 1.0730 breaks.
If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.0530 is broken.
Technical analysis:
The ascending flag...
Midterm forecast:
While the price is above the support 1.0530, resumption of uptrend is expected.
We make sure when the resistance at 1.0730 breaks.
If the support at 1.0530 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.0530 is broken.
Technical analysis:
While the RSI...
Priceline of New Zealand Dollar / US Dollar Forex trading pair has formed a bullish Shark and entered in potential reversal zone to hit the sell target zone soon insha Allah.
Price action is hitting the support of bollinger bands.
Volume profile of complete pattern is showing less interest of traders at this area.
Stochastic is oversold.
But MACD is turned weak...
If you looking for Buy entry, it will be better to wait.
Best place for Buy I show on the chart.
It's after the price will cross Resistance Zone and daily candle will close above it.
NZDUSD will most likely remain bullish until it faces upper key levels of resistance.
I will be focused on 0.644 and 0.65 levels to look for short trades.
Currently I am just waiting.
jumping in the market right now, opening a long position is very risky.
Euro shows its weakness again all major forex pairs.
New Zealand is not an exclusion.
After the market has reached 1.757 structure resistance,
we see a very strong rejection and strong bearish breakout of a rising channel.
Most likely the tendency will continue and during the next few weeks we will see bearish continuation to
1.725 major structure support.
Pattern: 1M Channel Down.
Signal: Bullish as the price is close to the 1M Support and is making a Lower Low on the inner Channel Down.
Target: 0.9000 (projected contact with the MA50).
NZDCAD is entering a strong demand zone and on 1 hour chart
we see a confirmed bullish violation of a falling parallel channel.
I will be waiting for a retest of a broken resistance to long the market.
Entry - 0.8395
T1 - 0.845
T2 - 0.850
Stop - 0.834
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern to the downside and watch strong price action for sell.
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.
