The explanation will be in the charts. Will update as I see fit. Not Advice. The following timeframes will be linked and updated as well: Monthly-Weekly-Daily-4Hour-1 Hour-15 Min The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own...
As It is Ranging between Support and Resistance, we can place buy limit at Support and sell limit at Resistance. If our Entries are filled, we will have good S/R Trade with Good Risk Reward Ratio.
Hello Traders👋🏻 On The Daily Time Frame The NZDCAD Price Reached a Support Level (0.81894 - 0.81736). Currently, This Key Level is Broken (Support Becomes New Resistance Level)🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.80770🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The 50-day exponential moving average (EMA) offers the most popular variation, responding to price movement more quickly than its simple minded cousin. This extra speed in signal production defines a clear advantage over the slower version, making it a superior choice
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.60400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.60400 support and resistance area. Trade safe, Joe.
Analysis: Bearish Confluences In a downwards trend Retest of a key level Fakeout of downwards trendline 1K long position increase for the JPY 12K short position decrease for the JPY Bullish Confluences NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency 3K short position decrease for the NZD Stay Safe -...
Analysis: Bullish Confluences In an upwards trend Retest of a key level 50% fib retracement touch Upwards trendline touch GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency 25K short position decrease for the GBP Bearish Confluences 30K long position decrease for the GBP 3K short position decrease for the...
15 Min Technical Analysis - Want to see if price breaks 1.08395 or not which will give us an idea for an entry to the low. Price could also break through resistance and start a retracement of previous 4 hour recent high. (Check 4 hour analysis)
Greetings Traders! GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long. Yet, on the flip side, positive news may trigger a steep decline, threatening to hit...
🔸speculative buy/hold setup for GBPNZD bulls, currently pullback in progress. expecting bounce play off the key s/r zones below (details/see chart). 🔸we are trading in well defined range since july. range lows near 0575 and range highs set at 0800. premium prices below and above lows/highs. 🔸Recommended strategy bulls: seek to buy/hold near 0525 using tight SL,...
GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal...
Welcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
We have posted a Monthly outlook with weekly, daily 4 hour,1 hour, and 15 min charts on their respective pages so be sure to check those publishes in the related ideas section. I wanted to add a 1 hour so we can all practice multiple timeframe analysis. I'm no pro but I want to use this pair to journal trades not to show off. I's better to journal here vs my own...
4 Hour Technical Analysis - Price could test the previous low of 1.07587 where our demand zone is located. Before this happens, we could get a retest of the previous high. If that high doesn’t break, we could see our demand zone being reached.
Hello, traders. The support and resistance level of 0.620 may soon be reached by the New Zealand dollar, which is currently going through a correction phase. The trend is downward at the moment. Throughout this trading week and the one after it, we'll keep an eye on NZDUSD in case a selling opportunity appears at the 0.620 zone. We've launched a short position to...
Please, check our technical outlook for NZDJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 88.232. Taking into consideration the structure & trend analysis, I believe that the market will reach 87.080 level soon. P.S Please, note that an...
We have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a...
Good morning everyone! Hope you all loved our gold buy where we started the week of perfectly. I am currently watching this sell on OANDA:NZDJPY for a RRR of 10:1, let me know if you agree! Good luck everyone!