AUDNZDHi;
AUDNZD
In the daily time frame, the movement is quite clear. Selling pressure can also be detected in lower time frames, and according to the rapid downward wave that has been created recently, the probability of exiting this correction, which is similar to the flag pattern, will be very high.
Newzealanddollar
AUDNZDHi
AUDNZD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
NZDCAD Finally find opportunity to BUY!!!after moving wildly for some time, price finally respects the snr area.
After reacting to the resistance area 0,8375, the price failed to form a lower low, and broke the resistance to form a higher high.
then we wait for the price to touch the support area 0,8375 and react in that area.
if that happens then we will find an opportunity to place a buy order.
EURNZDEURNZD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
NZDUSD Channel Up trading with 1D MA200 in focus.It has been almost two months since we looked into the NZDUSD pair. Last time the 1D MA200 (orange trend-line) helped us accurately take a bottom buy and then sell near the expected top:
Right now we are booking the profit on the sell as a new short-term pattern has emerged. The price is approaching the bottom of the Channel Up since the December 13 High. The 1D MA200 is right below it, ready to support. Our plan is to buy near the bottom and target the 0.65340 High. If the price closes a 1D candle below the 1D MA200, then we will sell and target primarily the 0.5 Fibonacci (0.60300) and under conditions which we will analyze when the time comes, the 0.618 Fib (0.59100). We are only willing to buy for the long-term if the price breaks above the Megaphone's Lower Highs.
Whatever the pattern turns out to be, the most efficient medium-term buy will be when the 1D RSI dips below the oversold barrier (24.00).
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NZDUSD Making A Corrective SetbackNZDUSD turned bullish as expected after we spotted a completed five-wave bearish cycle within wave C back in October 2022. Notice that the recent rise is much more extended and clearly made by five waves up without overlaps up from the 2022 lows, so it's an impulse; a change in trend that will send prices even higher in 2023. However, nothing moves in straight lines. We know that after every five waves, a three-wave correction occurs which can be underway as an irregular/expanded flat correction, currently with subwave (B) in progress, which is looking to overlap up from 0.6183. In fact, there is a nice sell-off from last week, a clear impulse that puts wave (C) now in play. Ideal support is at 0.6080-0.6160.
NZDJPY: Classic Range Trading🇳🇿🇯🇵
NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.
The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.
Goals: 82.4 / 81.6
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NZDCAD: Bullish Outlook Explained 🇳🇿🇨🇦
I spotted a solid rising trend line on NZDCAD on a daily time frame.
The price dropped to that last week.
Testing that, the pair formed an inverted head and shoulders pattern on an 1H time frame.
Its neckline has been recently broken & retested.
I expect a bullish movement to 0.8675 / 0.8696 levels now.
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NZDCAD High probability short when the 1D MA100 breaksNZDCAD has turned sideways within a Triangle pattern in the past 30 days, showing the first signs of exhaustion on the incredible rally since October 11 2022. We don't recommend buying this pair anymore but instead we can short with high probabilities of success when the 1D MA100 (green trend-line) breaks.
As you see on this chart, since 2015 every time the price broke below the 1D MA100 following a rally of similar magnitude, it always dropped significantly. This is our sell break-out signal.
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GBPNZD Best long-term signal you'll getThe GBPNZD pair hit the bottom of the Triangle pattern it has been trading in since early 2019. This has been done staight after a 1D Death Cross (when the blue 1D MA50 crosses below the orange 1D MA200). This is quite similar to the October 2018 - August 2019 fractal. A new Golden Cross will confirm the currently strong long-term buy signal.
See how they both ae under near perfect symmetry. The first Lower High hit the 0.786 Fibonacci and got rejected. Our long-term target is 2.000, just below the top of the Triangle.
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NZDJPY: One More Setup to Trade 🇳🇿🇯🇵
Update for NZDJPY.
The price has nicely respected a resistance that we spotted yesterday.
The price formed a double top pattern on 4H testing that.
Its neckline has been just broken.
The pair will keep falling to 83.68 / 83.11
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💵Canadian Dollar/New Zealand Dollar💵Analyze (01/09/2023)!!!The Canadian Dollar/New Zealand Dollar was able to break the uptrend line.
Also, we can see Regular Divergence (RD-) between RSI Indicator and Price.👇
I expect the Canadian Dollar/New Zealand Dollar will go down to my 🎯targets🎯.
🔅Canadian Dollar/New Zealand Dollar Analyze ( CADNZD ) 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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AUDNZD Sell below the 1D MA200, buy above it.We will keep following a successful for us pattern on the AUDNZD pair, which two months ago helped us take a huge sell:
As you see on the chart above, as the price was failing to break the 1D MA50 (blue trend-line), it got strongly sold just below 1.05000. The past 3 weeks, the pair has been rallying back above the 1D MA50 and is approaching the 1D MA200 (orange trend-line).
Using the old 2021 fractal, we expect a pull-back to at least 1.06270 as long as the price fails on the 0.5 Fibonacci and 1D MA200 Resistance Zone. A closing above it though, would be a long-term buy, in which case a Bullish Cross on the 1W time-frame would confirm.
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NZDJPY Clear break-out levels to trade.The NZDJPY pair has been trading below (closing 1D candles) the 1D MA200 (orange trend-line) for nearly a month (since December 20), being supported at the same time by a (dotted) Higher Lows trend-line that started on the May 12 Low. A 1D Death Cross may be potentially formed as the 1D MA50 (blue trend-line) is closing in on the 1D MA200, which adds more weight to the bearish side but we think it is best to trade this based on the clear break-out levels that this pattern (which we've been using with great results since last year) gives.
We are willing to buy for the short-term only upon a 1D candle close above the 1D MA200 and target the bottom of the Resistance Zone. Further break above the top of the Resistance Zone is a buy opportunity on the long-term and we will update upon potential targets then. Similarly, we are willing to sell only if a 1D candle closes below the 80.600 Support and target the top of the Higher Lows Zone (started on August 19 2021).
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