NZDJPY / 1D Greetings, traders! Welcome back to another market analysis. The NZDJPY pair has been following a bullish trend, with the price indicating signs of strength in the last week. This breakout suggests the possibility of further upward movement. I intend to consider entering positions at lower prices following confirmation of the lower time frame during...
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.61000 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61000 support and resistance zone. Trade safe, Joe.
NZDUSD is falling towards an overlap support level which aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 0.59903 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 0.59404 Why we like it: There is a pullback support level Take profit: 0.60457 Why we...
Price is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 2.09335 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 2.08842 Why we like it: There is a pullback support level which aligns with the 61.8%...
NZDUSD - 24h expiry Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 0.6050 will confirm the bullish momentum. The measured move target is 0.6100. We look to Buy at 0.6020 (stop at 0.5992) Our profit targets will be 0.6090 and 0.6105 Resistance: 0.6050 /...
Price is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
NZDUSD is showing a strong bullish momentum and could make a continuation to our take profit Entry: 0.60263 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.59425 Why we like it: There is a pullback support level Take profit: 0.61057 Why we like it: There is a pullback resistance which aligns with...
The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum. Target Levels:...
NZDUSD has turned bearish on its 1D technical outlook (RSI = 42.582, MACD = -0.004, ADX = 53.918) as up until two days ago it was on the 2nd Bearish Wave of the 2024 Channel Down. This wave appears to have ended as the price hit and rebounded on the S1 level, posting so far two very strong green 1D candles. The pair may make one more Lower Low as on February 5th...
Has been a while since we looked into the AUDNZD pair, following our Sell Signal on November 16 2023 (see chart below): The price has now reached the 1.093250 Symmetrical Resistance, which has basically only broken once in the last 12 months. Ahead of a potential 1D MACD Bearish Cross, we see a high resemblance of the current High with the June 20 2023...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.59800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59800 support and resistance area. Trade safe, Joe.
Price is falling towards an overlap support and could bounce from this level to our take profit Entry: 2.10607 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement Stop loss: 2.09344 Why we like it: There is an overlap support level Take profit: 2.12203 Why we like it: There is an alignment with the 78.6% Fibonacci...
NZDJPY - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Preferred trade is to sell into rallies. Bespoke resistance is located at 90.60. We look to Sell at 90.60 (stop at 90.84) Our profit targets will be 90.00 and 89.85 Resistance: 90.60 / 90.80 /...
EURNZD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. An Evening Doji Star formation has been posted at the high. A break of bespoke support at 1.8000, and the move lower is already underway. Daily signals for sentiment are at overbought extremes. A higher correction is expected. We look...
The NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023. The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current...
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Short term RSI has turned negative. A move through 0.5925 will confirm the bearish momentum. The measured move target is 0.5890. We look to Sell at 0.5960 (stop at 0.5984) Our profit targets will be 0.5900 and 0.5890 Resistance:...
Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watch out for the pair to go long, extended pair, but structurally still for me to go on long unless something changes Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and...