The NZDCAD pair has hit the 1D MA50 (blue trend-line) yet again today and remains under Resistance 1 (0.84300) since July 14 2023, having multiple rejections on it. We do see however the potential for the emergence of a Channel Up, as the 1D RSI is printing the same pattern as the October 20 2023 Low, which initiated a Bullish Leg. If the Channel Up prevails,...
Hello,Friends! NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 92.585 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Hello,Friends! It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
We've broken out of the long-term bearish trend. I'm waiting for a retest of the descending trendline and then going for a buy. This idea should be supported by fundamentals this week, with a dovish SNB and a hawkish NZB.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Big news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result. I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.
Pull back! SELL Now ! 80+ pips on GJ GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance . This zone has also been confirmed, so we can see a rejection to test previous support areas tp 1: 4hr and daily support tp 2:...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61400 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61400 support and resistance area. Trade safe, Joe.
Welcome back! Let me know your thoughts in the comments! ** NZDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a downward breakout from a symmetrical triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging upper and lower trendlines. This pattern can indicate a period of consolidation before a breakout in either...
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Hello,Friends! GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.051 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair. ✅LIKE AND COMMENT MY IDEAS✅
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Is NZDJPY exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 91.500. What you guys think of it?
D1 - Strong bullish momentum. Higher highs. No opposite signs. H4 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
NZDJPY SELL opportunity 92.99 TP 92.78. NZDJPY SELL opportunity 93.355 TP 93.18 Confirmation after the breakout support level. If Broke through Resistance will reach to next Pressure level 93.18. The Current Resistance level is 4H 93.452 and support is 92.65
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83350 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83350 support and resistance area. the New Zealand economy is heavily reliant on its agricultural exports, particularly dairy products,...
NZD/JPY is falling towards a potential breakout level and could drop lower from here. Sell entry is at 92.699 which is a potential breakout level. Stop loss is at 93.100 which is a level that sits above an overlap resistance. Take profit is at 92.369 which is a pullback support that lies above the 50.0% Fibonacci retracement level. High Risk Investment...