EURNZD formed a tiny double top pattern, approaching a solid horizontal resistance. I expect a pullback from the underlined zone ahead of ECB press conference and rate decision. Goals: 1.815 / 1.808 ❤️Please, support my work with like, thank you!❤️
We can see another rejection from the 1.0915 level, making this a local triple top, I think we will break this and move higher in the coming weeks, however expecting a short term retracement first, to around the 0.5% Fib.
Looking at this pair I'm expecting another bounce from support, I'm cautious as not overly confident in New Zealand Dollar out-performance in the coming weeks, but I'm still seeing the Yen struggling against many crosses. I think we'll be into a sideways movement for the next few sessions and so for this week I'm looking for a signal on the LTF to go long.
The NZDUSD pair has gone a long way since the previous successful buy signal we gave (see chart below): The Channel Down shifted higher but the price is once again found on its bottom (Lower Lows trend-line) giving us a new high probability buy opportunity. On top of that, it appears to be repeating the May 31 bottom as the RSI is on an identical sequence....
The New Zealand Dollar (NZD) is trading bearish against the Japanese Yen (JPY) at 87.386 on Friday, October 27, 2023, following comments from Japan's Chief Cabinet Secretary Taro Matsuno that the Bank of Japan (BoJ) is expected to conduct appropriate monetary policy. Matsuno's comments come amid rising expectations that the BoJ will eventually tighten monetary...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. A move through 87.00 will confirm the bearish momentum. The measured move target is 86.25. We look to Sell at 87.42 (stop at 87.82) Our profit targets will be 86.42 and...
I have perfectly predicted an intraday bearish movement after a breakout yesterday. Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range. The next bearish wave will be confirmed after a breakout of the support of the range. 4H candle close below 0.5808 will confirm a violation. A bearish continuation will...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Momentum is flat, highlighting the lack of clear direction. Further downside is expected. A move through 0.5800 will confirm the bearish momentum. The measured move target is 0.5750. We look to Sell at 0.5860 (stop at 0.5892) Our profit targets will be 0.5780 and...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity NZDCHF I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Looking for a further decline is this cross over the week. We have seen continued NZD weakness over the past few days, with no fundamentals of note for this currency in the week. Even though I'm noticing USD slow-down, and a likely retracement due to the over-extended current uptrend, I still think this pair will fall as the USD will remain stronger than the...
Hello traders. There are 2 scenarios available for the pair! Bullish one: after breaking the trend line and 87.70 a buy order will be set around 87.40 . TPs are 88.60 and 89.75 . Bearish one: After breaking below the 86.75 a short order will be set around 87.10 or 87.00. TPs will be around 85.20 and 83.70 .
NZDUSD - 24h expiry We have a 38.2% Fibonacci pullback level of 0.5907 from 0.6055 to 0.5815. The primary trend remains bearish. Preferred trade is to sell into rallies. Prices have reacted from 0.5815. We look for a temporary move higher. 50 4hour EMA is at 0.5913. We look to Sell at 0.5907 (stop at 0.5933) Our profit targets will be 0.5842 and 0.5822...