NZDJY bears eye a downside continuation for the days ahead.
NZDCAD has moved very hard on the upside after weak US data. We are looking to take a short position at 0.8420 and an SL above 0.8459 and looking to target 0.8210.
On USDCAD, we have a neutral - bearish setup today. The price has been bouncing off a support level for hours. At the moment, however, it has not yet confirmed a long entry. Therefore, there are two hypothetical scenarios. The market provides confirmation on M15 and H1 at the level of 1.3170 after the US data, or the price drops below the support level towards...
On NZDCAD, we have a bearish setup where the price has reached the 0.8245 zone, where we have a Fibonacci Voltage Gauge (FVG), indicating a potential price reaction zone that could lead us to enter a long position with a target of 0.8363. Moreover, the target itself exhibits the same characteristics as the previously mentioned zone, as we have an excellent FVG for...
NZDUSD - 24h expiry The move lower is mixed and volatile, common in corrective sequences. Price action has continued to trend strongly lower and has stalled at the previous support near 0.6250. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 0.6300 will confirm the bullish momentum. We look to...
In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and...
AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up....
the price of nzdjpy created rising wedge and broke out and pullback. now it continue its trend with engulfing as confirmation. The price can be seen as head and shoulder breakout to downside. The stoploss is above engulf candle (depend on position size and risk preference) The target is defined by fibonacci projection. The risk reward ratio in this trade is 7
NZD-CHF is trading in a Downtrend and the pair broke Out of the bearish triangle Thus reinforcing our bearish bias And I think that after some Consolidation we will see A further move down Towards the 0.53107 level !
Hello Traders! On The Daily Time Frame, The NZDJPY Price Formed a Head and Shoulders Pattern📉 i'm waiting for a neckline break! Then, we will see a huge bearish move📉 ----------- TARGET: 84.050🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDJPY / 4H hello traders, welcome back to another market breakdown. NZDJPY is trading inside a trading range, the price tried to breakout but failed. I'll be looking to feed the led lower once I get a bouce to the previous S/R zone. Trade safely, Trader Leo
We have identified a bearish setup on NZDCAD, with the price bouncing four times in a full Asian session. Personally, I don't consider entries during that session to be good, so I will look for confirmation in the London or New York session. Therefore, we will see if at M15 + H1 the price manages to provide confirmation at the level of 0.8360; if so, we could...
Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I expected in my previous analysis price made a retracement, filled the imbalance and then rejected from 4H bearish order block + institutional big figure 0.84000. Like, comment and subscribe to be in touch with my content!
NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675). If the price crosses under the S1...
every sunday i breakdown the market for the week and put some pairs on my watchlist to follow them for the rest of the week. this is my watchlist for this week
Analysis: NZD/JPY Trend-Following Trade Based on my analysis of the ongoing upward trend and the potential breakout of resistance in NZD/JPY, i have formulated a plan to follow the trend and enter a buy trade. Here is a breakdown of your trade plan: Currency Pair: NZD/JPY Entry Price: 88.994 Stop Loss (SL): 86.541 Take Profit (TP): 99.221 Upward Trend and...
On the hourly chart the trend started on July 12 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 0.5527 But we should not forget about SL = 0.5415 . Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, ...
Here is my analysis for NZDCAD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!