NZDUSD - 24h expiry - We look to Sell at 0.6100 (stop at 0.6130) Previous support located at 0.6025. Previous resistance located at 0.6075. There is no indication that the selloff 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 0.6025 will confirm the bearish momentum. Our...
NZDUSD is trading inside a Channel Down, currently under both the 1D MA50 and 1D MA200 but approaching the bottom of the pattern. The 1D timeframe is technically bearish (RSI = 35.132, MACD = -0.002, ADX = 37.676) but when the RSI hit the bottom of the five month Rectangle it has been a buy signal. Similarly with the top being a sell signal. Those RSI tops and...
Hey Traders! 👋 For Day 14/100 of our challenge, we will look at NZDJPY upside potential It is a simple break and retest setup Break of 86 high > created a higher-high 87.3 > Retest to 85 daily resistance and 62% fib > target higher resistance Long thesis is invalid once 84 level is broken Simple technical outlook today. Have a great day ahead 🥂
Looking at the Monthly timeframe its evident that price is immediately bearish but has the potential to be bullish once it reaches the right head point of an inverted H&S structure. This is also just a bullish horizontal level. Still down for a bit to 0.49
Im bearish on NZDUSD right now. I expect a downward move to come soon on this Monthly chart. This completes a very large pattern.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.83800 support and resistance zone. I would also keep an eye on the stock market to confirm the bias as NZDCAD has a positive...
It's the 24th May 2023, 3pm local time. The Reserve Bank of New Zealand (RBNZ) have just increased the official interest rate by 0.25% to 5.50%, as expected. What happened next was not expected... The RBNZ announced that they currently have no intention of raising rates further and that the next rate change could possibly be a cut! What does this mean for New...
AUDNZD broke and closed below a key horizontal structure support on a daily. The broken structure and a falling trend line compose a contracting supply zone now. A bearish continuation will be expected on the pair. Next goal - 1.048 For entries, consider the underlined blue area. ❤️Please, support my work with like, thank you!❤️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart NZDCAD has been overall bearish trading inside the falling channel in orange and now it is sitting around the upper orange trendline again, so we will be looking for sell setups on lower timeframes. on H1: Right Chart For the bears to take over, we...
There are a growing number of calls for the RBNZ to deliver a hawkish 25bp hike tomorrow, due to the government's 'inflationary' budget delivered last week. This could also potentially result in the RBNZ upgrading their terminal rate in their quarterly forecasts. NZDUSD is consolidating on the 4-hour chart, having found support above the 200-day EMA. RSI (14)...
NZDUSD - 24h expiry Previous support located at 0.6275. Previous resistance located at 0.6300. The trend of higher lows is located at 0.6190. Further upside is expected. A move through 0.6300 will confirm the bullish momentum. We look to Buy at 0.6255 (stop at 0.6230) Our profit targets will be 0.6315 and 0.6325 Resistance: 0.6300 / 0.6310 /...
Here are the TPs to the aggressive SLO. I'll be shaving 25% at each price point.
SLO @ 87.00 (aggressive sell order) TP3 @ 86.90 (closing ALL buy orders) TP2 @ 86.75 (shave 25%) TP1 @ 86.50 (shave 25%) BLO1 @ 86.40 (aggressive buy order) BLO2 @ 86.25 (aggressive buy order) -SL @ 86.00 🚫 NZD News May 23, 2023 @ 19:00 PT / 22:00 ET The Official Cash Rate (OCR) Will Affect the New Zealand Dollar (NZD) The OCR is set by the Reserve...
GBPNZD reached a key horizontal structure support on Friday. The price formed a tiny double bottom pattern, approaching that. Its neckline was violated then and the pair is retesting that at the moment. I suppose that the market may bounce from the underlined blue area. Goals for buyers: 1.989 / 1.995 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.62700 zone, NZDUSD was trading in an uptrend and currently seems to be attempting to break it out, if we get dips below 0.62700 support we will look for a potential retrace of the trend towards more lows. Trade safe, Joe.
EURNZD formed an inverted h&s pattern approaching a key horizontal structure support. The neckline of the pattern was broken just before the market closed. I will expect a pullback on Monday. Goals: 1.7255 / 1.7279 ❤️Please, support my work with like, thank you!❤️
Nzdchf from approaching Daily Resistance level. expecting a sell down to continue the bearish Trend