✅NZD_CHF is trading in a downtrend And the pair is now retesting A horizontal resistance level Therefore, we are bearish And I think that a move down is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
NZD FUNDAMENTAL BIAS: BULLISH 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the NZD enjoyed upside alongside other cyclical assets going...
✅AUD_NZD is trading in a strong downtrend And the pair is now retesting a horizontal key level While trading in a local falling channel Now, there are two scenarios here We can see a retest of the support and a bullish breakout From the channel to the upside In which case we would go long on pullback OR the pair will break the support In which case we...
Hello,Traders! NZD-CHF is trading in a downtrend However, as you can see on the 2D chart The pair has hit a strong support level And when we examine lower timeframes We can see that the pair has established a double bottom And then broke the falling resistance to the upside Now, I am expecting a pullback and then a move up With the target being a local...
Hello,Traders! NZD-JPY is trading in a downtrend And the pair broke a horizontal support level That became a resistance I think we will see a retest of the level And From there bearish continuation downwards Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
✅EUR_NZD is trading in an uptrend And the pair broke a horizontal resistance This key level has now turned into a support Which makes me think that after the retest We will see further bullish move LONG🚀 ✅Like and subscribe to never miss a new idea!✅
AUDNZD reached a year's low in August. Since then the market is trading in a consolidation. 1.041 - 1.055 is our current trading range. Depending on the reaction of the market to that I see two potential scenarios: Because the global trend is bearish, bearish breakout of the range is a highly probable scenario. Daily candle close below the underlined...
✅NZD_USD is trading in a downtrend right now But as you can see on the higher timeframe chart A strong weekly level is ahead And I think that the fall will stop on this level And the pair will go up in a bullish correction Remember that the level is quite wide So wait for the reversal signals before entering LONG🚀 ✅Like and subscribe to never miss a...
✅NZD_CHF is trading in a downtrend And the pair broke a horizontal support Falling through it and reaching the next support level Then We saw a rebound from the support And I think we will see a retest of the broken level From where I am expecting a bearish reaction With the target of retesting the support below again SHORT🔥 ✅Like and subscribe to...
Hello,Traders! NZD-CAD is retesting a local resistance level And we are already seeing a bearish reaction I think that we might see further bearish move In a local pullback from the level Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
USD – The dollar slipped from 4-1/2 month highs to trade little changed on Wednesday after minutes of last month’s Federal Reserve meeting suggested there was no consensus about the timing of a tapering of its asset purchases under the US central bank’s quantitative easing program. After the release of the minutes, City Index noted that “the focus now shifts to...
Hello,Traders! NZD-USD is trading in a downtrend However, the pair will soon meet a falling support From where I am expecting a local rebound With the target that you can see on the chart Keep in mind that falling support lines are unreliable Therefore, look for a reversal signs before considering a trade Buy! Like, comment and subscribe to boost your...
✅GBP_NZD is trading in a rising channel And the pair recently bounced off the rising support Confirming out bullish bias I am now expecting further bullish movement Inside the rising channel LONG🚀 ✅Like and subscribe to never miss a new idea!✅
✅NZD_CHF has reached a support level And we are already seeing a bullish reaction I think that the pair is oversold And thus a bullish continuation is a likely scenario With the target being the supply area above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-JPY seemed to have changed its trend With the recent bullish breakout from the channel But now as the pair is back to retesting the horizontal support The bias on the pair is mixed again However,the support that is being retested is strong And therefore, I am expecting a small move up Buy! Like, comment and subscribe to boost your...
✅EUR_NZD is trading in a downtrend And we can see that the pair broke out Of the massive bear flag pattern In which it was trading for half a year Now, the price is retesting the broken support Which now became resistance, entering a supply zone From where I am expecting bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-CHF was trading in a falling channel That was also a bullish flag pattern Now, the pair broke out of the channel to the upside And the breakout is conclusive because the 1D candle closed above the resistance We are currently seeing a pullback and a retest of the broken level Below it and till the support below is a strong demand zone And...
This is clearly technical analysis bias they might be some fundamentals that negate this setup but for the purpose of technical analysis this what the market is presenting, Double Top pattern, easy to trade and simple to apply if you understand the rules. So good luck