The price is rising into a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement; it could reverse from this level to our take profit target. Entry: 0.59405 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.59723 Why we like it: There is a pullback...
Hello traders! ‼️ This is my perspective on NZDJPY. Technical analysis: After price broke the structure, I expect to see bearish price action, so I look for a short if price makes a retracement to fill the imbalance higher and then rejects from FIBO 0.618 level. Fundamental news: Next week on Wednesday will be released quarterly CPI on NZD, news with high impact...
NZDCAD formed a head & shoulders pattern after a test of a recently broken horizontal structure support. I think that the pair may continue falling, after the release of Crude Oil Inventories data today. Initial target - 0.8115 ❤️Please, support my work with like, thank you!❤️
EURNZD - 24h expiry Short term bias has turned positive. Posted a Double Bottom formation. Offers ample risk/reward to buy at the market. Daily signals are bullish. Previous resistance at 1.7970 now becomes support. We look to Buy at 1.7975 (stop at 1.7939) Our profit targets will be 1.8065 and 1.8095 Resistance: 1.8000 / 1.8045 / 1.8090 Support: 1.7978...
GBPNZD H2 is showing a long position which is both likely and probable
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 2.09181 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the GBP and NZD exchange rates
Elliott Wave practitioners may find the current GBPNZD chart to be a textbook example of a potential SHORT opportunity. As the pair completes a corrective wave (b), reaching a common retracement level, we anticipate the initiation of an impulsive wave (c) to the downside. The climb of wave (b) to the 0.965 retracement suggests an impending reversal, with targets...
Hello,Friends! GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078...
Here is our detailed technical review for NZDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.538. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.534 level. P.S We...
Price is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.54037 Why do we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.54366 Why we like it: There is a pullback...
Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.81639 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.81898 Why we like it: There is a pullback resistance level...
NZD/USD has just bounced off the buy entry, which is at an overlap support level, and could potentially rise to our take profit target. Entry: 0.58708 Why we like it: There is an overlap support level Stop loss: 0.58013 Why we like it: There is a pullback support level Take profit: 0.59462 Why we like it: There is an overlap resistance level which aligns with...
NZDUSD - 24h expiry Daily signals are bearish. Preferred trade is to sell into rallies. Our outlook is bearish. We look for a temporary move higher. 20 4hour EMA is at 0.5932. The lack of interest is a concern for bulls. We look to Sell at 0.5930 (stop at 0.5956) Our profit targets will be 0.5865 and 0.5850 Resistance: 0.5896 / 0.5920 / 0.5935 Support:...
✅NZD_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 91.36 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
MARKET PHASE GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the...
Today after China's economic data, the Market is betting dovish on AUD. We believe the price has made an ABC correction and it likely started the C wave. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDJPY has been overall bearish, trading within the falling channel in red. Currently, NZDJPY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a demand zone marked in green. 🏹 Thus, the highlighted red circle...
GBPNZD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GBPNZD Entry Level - 2.1142 Sl - 2.1195 Tp - 2.1036 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️