NZDJPY is trading in a long term bullish trend. The price broke and closed above a key daily resistance this week. After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag. It will most likely trigger a trend-following...
NZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs. This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence. Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up...
Hello Traders👋🏻 The AUDNZD Price Reached A Resistance Level (1.10520-1.10881) ! Currently, The Price Formed a Double TOP📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET 1: 1.07720🎯 TARGET 2: 1.05827🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDUSD got rejected 2 weeks ago on the 0.618 Fibonacci level and as the price recovered, we find it again near the top of the long term Channel Down. With the 1D technicals going just over the neutral zone (RSI = 55.348, MACD = 0.001, ADX = 20.776), this is starting to be an optimal level to begin shorting. We are placing a first sell here, targeting the -0.236...
I think we may see a continuation pattern to the upside, maintaining the dynamic trendline. I'm expecting USD strength this week looking at DXY, and NZD remaining vulnerable. Even though NZD performed better at the end of last week, I still expect this cross to grow to the resistance where we may well see a double top and reversal. I'm looking for an entry point...
Guys use short stop of 6 pips The price of entry is 0.6097, enjoy with this Orderblock
NZDUSD has started to form corrective waves in a descending channel after completing five impulse waves so that the structure of corrective waves is Zigzag(ABC/5-3-5) . The main wave A and B correction inside the descending channel has been completed, and now NZDUSD is completing the main wave C. The main wave C has an Expanding Ending Diagonal ...
Update for GBPNZD. The price successfully broke and closed above the neckline of a cup & handle pattern on a daily time frame. It is a very important bullish signal. Taking into consideration that the market is trading in a long-term bullish trend, probabilities are high that the pair will keep growing soon. Next goal - 2.096 ❤️Please, support my work with...
GBPNZD formed a classic cup & handle formation. The market is trading in a long-term bullish trend. The neckline of the pattern is the only obstacle for the buyers now. Its breakout will initiate a trend-following movement to new highs. Daily candle close above 2.075 will confirm the violation. A bullish continuation will be expected then to 2.085 ❤️Please,...
Hey Traders👋🏻 The NZDCAD Price Reached A Support Level (0.82628-0.83115) ! Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level) So, I Expect a Bearish Move📉 ----------- TARGET: 0.79675🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern. Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting...
Hey Traders👋🏻 On The Weekly Time Frame The NZDJPY Price Reached a Resistance Level (86.566 - 88.170)✔ Currently, This Key Level is Broken (Resistance Level Becomes new Support Level)🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET: 90.289🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPNZD reached the top of the 5 month Rising Megaphone and straight after the 1D RSI turned overbought (RSI = 57.238, MACD = 0.009, ADX = 19.804), the price got rejected on a HH. As you can see, the same overbought level caused the April 26th rejection on the HH line. Our target is the HL trendline (TP = 2.0200). ## If you like our free content follow our...
Quick update for NZDUSD. In my yesterday's video, I spotted a confirmed structure breakout on a daily time frame. I made a prediction that the broken structure would turn into support. Analyzing, how the market acts during the London session opening, we see a positive bullish reaction to the underlined area. The pair will most likely keep growing to 0.618 ...
NZDUSD was testing a wide horizontal daily supply area this week. After multiple attempts, bulls managed to break it. It may push the price higher. The next resistance - 0.618 ❤️Please, support my work with like, thank you!❤️
NZDUSD is trading inside a Channel Down for the whole year and today completed a 1day MACD Bullish Cross. A cross over the 1W MA50 is the final validation of this buy structure. Buy and target at least the 0.618 Fibonacci level at 0.62325. Follow us, like the idea and leave a comment below!!
AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over. Consequently, we turn bearish ourselves, targeting the bottom of the Channel...
NZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom. There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry. Trading Plan: 1. Buy if the price closes over the MA50 (4H). 2. Buy when the MACD (1d) completes a Buy Cross. Targets: 1. 0.62150 (Fibonacci 0.618) in...