Strong rejection on 4hr chart, should form a double top, target is just above the 0.38 fib level.
we can see that audnzd is creating a double bottom before it it goes on a bullish run.
Heres my trade set-up long based on this green candle and given that price action is riding above EMAs on the 1W, 1D and 4H. This has good bullish momentum evident in the price action. Not financial advice.
We wait for break and retest Of the neckline and bearish signal to short
NZDJPY is approaching our first support at 74.49 (horizontal swing low resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 75.20 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see...
NZDUSD is approaching its support at 0.6808 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6848 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its support at 4.9% where a corresponding bounce could occur.
Looking like NZDUSD could be in for a correction. US govt shutdown rumored to be temporarily lifted, if true - this pair should correct substantially. Target - .6711
KST points to a trend reversal Price hit a trendline on 4 hrs Price hit the lower band of Hurst Channel
NZDCAD didn't manage to trigger our short position as it found support right at the SHS neckline. The pair is now flirting with a major resistance level around 0.9070, with a third attempt to break above that level. A failure to break above could send the pair down again to the lower 0.89xx levels. Let's wait for the daily close and see whether a short is possible...
NZDJPY is approaching our first resistance at 75.25 (100% Fibonacci extension , 61.8% Fiboancci retracement) where we might see a drop in price to our first support at 74.59 (100% Fibonacci extension , 50% Fibonacci retracement , Horizontal pullback support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should...
NZDUSD is approaching our first resistance at 0.6852 (100% Fibonacci extension , horizontal swing high resistance ) where we might see a drop in price to our first support at 0.6803(100% Fibonacci extension ,38.2% Fibonacci retracement, Horizontal pullbakc support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price...
Possible long outlook for the Aussie Kiwi, we could see some gains this week with the AUD. What to watch for this week: Wednesday 30/01/20- 00:30 (GMT): AUD Consumer Price Index- Forecast 1.7% from 1.9%
Hi Traders, The NZDCAD reversed from a weekly descending trendline that lined up with horizontal resistance level and made an impulsive move down "Wave W," which broke out of ascending trend line and support level. . This pair has retested the broken zone and seems to have completed building bullish ABC FLAT corrective chart pattern "Wave X," which could...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.