💵Australian Dollar/New Zealand Dollar 💵Analyze (10/05/2022)!!!Australian Dollar/New Zealand Dollar succeeded in making Bullish a 🦇Bat🦇 Harmonic Pattern near the trend line.
I expect the Australian Dollar/New Zealand Dollar will go UP at least to the resistance zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD) Timeframe 4H⏰.
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Newzealanddollar
GBPNZD: Important Breakout 🇬🇧🇳🇿
GBPNZD broke and closed above a major supply area last week.
The broken structure turned into a demand zone now.
I believe that it will trigger a bullish continuation to 2.02 / 2.04 levels.
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NZDCHF Strongest possible long-term buy signal.The NZDCHF pair is on a brutal 4 week sell-off having lost almost -8%. This is of course an extension of the longer term bearish trend since the March 2022 High. As you see that High was made at the bottom of the Lower Highs trend-line that started back on the April 2013 Top.
The 1W RSI however is flashing the strongest buy signal possible on the long-term as it breached the 25.000 level. There have been another 4 similar occurrences since January 2015, all of which formed bottoms and pushed the pair to at lest a 1W MA50 (blue trend-line) test, even the 1W MA200 (orange trend-line) on a longer-term time-frame. Apply the proper risk management and pursue those targets.
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NZDCAD Short-term buy and break-out levels-------------------------------------------------------------------------------
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The NZDCAD pair has been following a very specific trading pattern which we have outlined since June and has given us excellent trades:
As you see the key here is a recurring bearish sequence within this Channel Down. As long as the 1D MA50 (blue trend-line) is intact as the Resistance, expect Lower Lows within the Channel. Right now, with the 1D RSI breaching the 30.000 oversold barrier and rebounding, we expect at least a short-term rise, as it happened with all 4 other occurrences since March 24 2021. The target is slightly lower than the 1D MA50.
If the 1D MA50 breaks, we will consider this a bullish break-out signal targeting the top of the Channel Down and the 1D MA200 (orange trend-line).
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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GBPNZD Confirmed long-term buy-------------------------------------------------------------------------------
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The GBPNZD pair has been following exactly our trading plan since our last update a month ago, getting rejected on the 1D MA200 (orange trend-line) and hitting the Higher Lows zone of the long-term Triangle pattern that it has been trading in since the April 02 2020 High:
Following the initial rebound after the August 12 Low, the price broke above the 1D MA50 (blue trend-line) confirming the bullish break-out sentiment. This may be the perfect opportunity for those who missed it earlier. Our long-term target for the end of the year is just below the 0.786 Fibonacci retracement level at 2.010. Those who seek more risk, there is also the Symmetrical Resistance if the Triangle breaks to the upside.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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EURNZD: Important Breakout
A lot of breakouts this week.
We have one more on EURNZD.
The price broke and closed above 1.686 - 1.697 horizontal supply area.
The broken structure turned into a demand zone.
Retesting the broken structure, the market was nicely rejected confirming the strength of that.
The next goal for buyers is 1.7285 - 1.7357 resistance.
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EURNZD Sell opportunity on the top of two Channels-------------------------------------------------------------------------------
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The EURNZD pair hit yesterday the 1W MA200 (red trend-line) for the first time since February 16 2022. At the same time, it touched the top (Lower Highs trend-line) of the Channel Down pattern that it has been trading in since the August 20, 2020 High. This is a technical sell entry (as long as it holds), that can target the 1D MA50 and 1D MA200 (blue and orange trend-lines respectively) on the short-term.
On the medium-term, a potential target is the bottom (Higher Lows trend-line) of an emerging Channel Up pattern since the April 05, 2022 Low. As long as it holds, and we rebound on its bottom, the pattern will be confirmed. Otherwise, a break-out downwards can test the 1.56000 Support and the bottom of the August 2020 Channel Down, where we can buy again when the 1W RSI hits its 1 year Buy Zone again.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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NZDJPY: Breakout & Bearish Forecast 🇳🇿🇯🇵
Update for NZDJPY pair.
It turned out, that the price managed to break and close below a key daily support.
82.1 - 83.28 is a solid supply zone now.
The pair will most likely keep falling to 80.0 support.
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NZD-USD Rebound Ahead! Buy!
Hello,Traders!
NZD-USD keeps falling down
In a strong downtrend
And I believe the pair
Will keep falling down
Until it reaches the horizonral
Support level from where
A bullish rebound will happen
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
NZDJPY: Your Trading Plan 🇳🇿🇯🇵
NZDJPY dropped to a key daily structure support.
Approaching the underlined structure, the price formed an inverted h&s pattern on 1H time frame.
To buy with a confirmation, we need a bullish breakout of its neckline (82.57 -82.7 area).
Goals will be 83.24 / 83.77
If the price sets a new low, the setup will be invalid.
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AUDNZD Testing Resistance. How to trade a breakout or rejection.The AUDNZD pair has been on a strong structured uptrend since September 16 2021 market low, within a long-term Channel Up. Recently, the pattern turned into a Bullish Megaphone according to the 1W RSI and MACD indicators, much like the one that started on January 2021.
The price is currently testing the top (Higher Highs trend-line) of the Megaphone. A break above it, should target the top of the Channel Up and complete the +4.70% rise that has been done the two times that the pair rebounded on the Channel's bottom. A rejection either now or at the top of the Channel Up should be bearish medium-term, targeting at least the 1D MA50 (blue trend-line). A break below the Channel Up, establishes the Megaphone as the dominant pattern, and should test its bottom, along with the 1D MA200 (orange trend-line).
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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NZDJPY Rebound on the 1D MA200 or break to pre-March levels?The NZDJPY pair has had a massive rejection today on the 1D MA50 (blue trend-line) as the forex market is attempting to digest yesterday's Fed Rate Hike by 0.75 bp for the 3rd straight meeting. The sell-off almost hit and is so far holding the 1D MA200 (orange trend-line), which has been holding since March 02. A break below can test the 1D MA300 (red trend-line) or under conditions, the Higher Lows Zone that started back in July 20 2021.
Before we consider those levels however, as long as the 82.160 Support holds, the long-term action remains to buy the dips, with the obvious target being the 86.830 - 87.910 Resistance Zone. Not only that, but the 1D RSI is close to the oversold 30.000 level which since November 2021 it caused medium to long-term rebounds. The price action since June 15 has strong similarities with that of March - July 2021. As you see then, when the Support broke, the price gradually reached the 1.236 Fibonacci extension, which on the current sequence is 80.800. A break below that, can test the July 2021 Higher Lows zone we discussed about above.
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EURNZD: Update & Time to Buy 🇪🇺🇳🇿
Update for my yesterday's post on EURNZD:
the price retraced to a peculiar intraday confluence zone.
We see a perfect match between a horizontal support, a rising trend line and 382 retracement of the last bullish impulse.
I expect a bullish continuation now.
Intraday goals: 1.6666 / 1.67
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NZDUSD Close to the long-term Support. Buy opportunity.The NZDUSD pair had previously completed its bullish leg above the 1D MA50 (blue trend-line) before starting the new correction on the August 12 High, as we illustrated on our previous analysis:
Right now the price is again the closest its been since July 12 to the bottom (Lower Lows trend-line) of the 1 year Bearish Megaphone pattern. This makes the odds of a buying stronger, even though the 1D RSI isn't yet oversold. Probably that will happen within the current level and 0.5900. In any case this is a good medium-term buy opportunity, initially targeting the 1D MA50 and Inner Lower Highs (1) trend-line on a potential +5% rise (minimum of rises inside the Megaphone) and in extension the 1D MA200 (orange trend-line) and the Inner Lower Highs (2) trend-line on a +7.50% rise (maximum inside the Megaphone).
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EURNZD: Important Bullish Breakout 🇪🇺🇳🇿
EURNZD broke and closed above a major horizontal supply cluster.
Now the broken structure turned into a demand area.
I believe that the pair will keep growing.
The next resistance - 1.6865
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NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦
Hey traders,
NZDCAD broke and closed below a solid structure support yesterday.
Retesting the broken structure, the price formed a head and shoulders pattern on 1H time frame.
To short with a confirmation, watch 0.7893 - 0.7898 horizontal neckline.
We need an hourly candle close below that to confirm the breakout.
Then, short aggressively or on a retest.
Goals will be 0.788 / 0.7865
If the price sets a new high though, the setup will be invalid.
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💵Canadian Dollar/New Zealand Dollar💵Analyze !!!Canadian Dollar/New Zealand Dollar is running near the important resistance line and resistance zone.
I expect the Canadian Dollar/New Zealand Dollar will go down at least to the support line.
Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price.
🔅Canadian Dollar/New Zealand Dollar Analyze (CADNZD) Daily Timeframe⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/New Zealand Dollar💵 Analyze🦀/Rising wedge!!!Euro/New Zealand Dollar was able to make a Bearish Deep 🦀Crab🦀 Harmonic Pattern & Rising wedge near the Resistance zone.
I expect the Euro/New Zealand Dollar will start to go down at my TRZ(Time Reversal Zone) to the 🎯targets🎯 that I showed in my chart.
🔅Euro/New Zealand Dollar (EURNZD) Timeframe 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURNZD: Very Bullish Setup 🇪🇺🇳🇿
Take a look how perfectly EURNZD has respected the confluence zone based on 786/50 retracements of the last bullish impulse.
The market was nicely rejected and formed a double bottom formation then.
I am currently holding my buy limit order on a retest of a broken neckline of a double bottom.
Initial target will be 1.645.
Stop loss lies below the lows of the pattern.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️