Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60900 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60900 support and resistance area. Trade safe, Joe.
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 90.75 will confirm the bullish momentum. The measured move target is 91.50. We look to Buy at 90.50 (stop at 90.18) Our profit targets will be 91.30 and 91.50...
This one is a long-term price perspective for NZDUSD. Clearly, the trend is heavily bearish while the current upside move could provide a solid risk/reward selling opportunity.
NZDCAD is trading in a strong bullish trend. The price set a new local higher high higher close on a daily yesterday, violating a strong resistance cluster. We may anticipate a further growth on the pair. Next goal for buyers - 0.842 ❤️Please, support my work with like, thank you!❤️
#GBPNZD UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair GBPNZD. GBPNZD was following the proper pattern and then break the support line, According to us, this can be a fake out. We will execute out trade after confirmation in the LTF. Be strict with you...
NZDUSD - 24h expiry Trades at the highest level in 76 days. We are trading at overbought extremes. Trading within a Bearish Ascending Wedge. A Fibonacci confluence area is located at 0.6135. Bespoke resistance is located at 0.6135. We look to Sell at 0.6135 (stop at 0.6167) Our profit targets will be 0.6055 and 0.6035 Resistance: 0.6135 / 0.6143 /...
Kiwi has been on a great run but I'm seeing this come to the top of it's range and expecting a correction, whilst at the same time seeing Aussie building momentum, so I'm thinking this is a good pair to trade this week. We have quite a lot of fundamentals, with RBA and RBNZ meetings, but I think overall price action will look like this when everything balances...
Hey Traders, in the coming week we are monitoring NZDCHF for a buying opportunity around 0.53300 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.53300 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NZDUSD for a buying opportunity around 0.60400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
The AUD is forming a Bearflag against the NZD on the Daily as the RSI cracks below the Mid-Line, if it plays out we could see the bottom half of the range soon. It also should be noted that the NZD has outperformed a lot of big currencies recently such as the CAD and USD so it would be somewhat expected for the AUD to underperform against it.
The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and...
NZDJPY - 24h expiry We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective,...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59200 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.59200 support and resistance area. Trade safe, Joe.
NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6075 will confirm the bullish momentum. The measured move...
NZDJPY - 24h expiry The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Momentum is flat, highlighting the lack of clear direction. A move through 89.50 will confirm the bullish momentum. We look to Buy at 89.00 (stop at 88.60) Our profit targets will be 90.00 and...
Seeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline. I'm expecting NZD weakness in the coming week so monitoring LTF's carefully. I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.