NZDCAD Buy Stop Loss: 0.814 Targets: 0.822 0.824 0.826 0.828 0.834 0.840
In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour and 2 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.85585 and entering on the 2 hour timeframe to keep the stop loss small. Trade at your own...
every sunday i breakdown the market for the week and put some pairs on my watchlist to follow them for the rest of the week. this is my watchlist for this week GBPNZD From thr watchlist 2 trades with great targets
Looking to buy NU, Channeling down our channel nicely, watching for that rejection up towards the top of our trend.
Please, check our technical outlook for NZDJPY. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 87.647. Taking into consideration the structure & trend analysis, I believe that the market will reach 89.204 level soon. P.S We determine oversold/overbought...
Regarding GBPNZD, we have a bearish market with a very strong New Zealand dollar after negative data on AUD overnight. Currently, the market is retracing towards 2.0550, where we have a forex48 block, our personal strategy. In this area, it will be crucial to wait for a confirmation on the M15 chart before entering a short position with a target at 2.0495. Let me...
DAILY : Price is approaching strong support zone. We are expected rejection here H4 : Price is approaching H4 demand area = Daily support FX:NZDCAD OANDA:NZDCAD FOREXCOM:NZDCAD
NZDUSD - 24h expiry The move lower is mixed and volatile, common in corrective sequences. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 0.6250 will confirm the bullish momentum. The measured move target is 0.6300. We look to Buy at 0.6200 (stop at 0.6169) Our profit targets will be 0.6275...
SLO2 @ 0.7425 ⏳ SLO1 @ 0.7150 ⏳ TP4 @ 0.7050 (closing ALL Buy Orders) TP3 @ 0.6900 (shaving) TP2 @ 0.6715 (shaving) TP1 @ 0.6500 (shaving) BLO @ 0.6325 ⏳ 📈 I'm anticipating a continuation of the UT. If I'm correct, we have some BIG MONEY coming. TECHNICAL ANALYSIS The New Zealand economy is expected to grow at a faster pace than the US economy in 2023, and...
NZDJY bears eye a downside continuation for the days ahead.
NZDCAD has moved very hard on the upside after weak US data. We are looking to take a short position at 0.8420 and an SL above 0.8459 and looking to target 0.8210.
On USDCAD, we have a neutral - bearish setup today. The price has been bouncing off a support level for hours. At the moment, however, it has not yet confirmed a long entry. Therefore, there are two hypothetical scenarios. The market provides confirmation on M15 and H1 at the level of 1.3170 after the US data, or the price drops below the support level towards...
On NZDCAD, we have a bearish setup where the price has reached the 0.8245 zone, where we have a Fibonacci Voltage Gauge (FVG), indicating a potential price reaction zone that could lead us to enter a long position with a target of 0.8363. Moreover, the target itself exhibits the same characteristics as the previously mentioned zone, as we have an excellent FVG for...
NZDUSD - 24h expiry The move lower is mixed and volatile, common in corrective sequences. Price action has continued to trend strongly lower and has stalled at the previous support near 0.6250. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. A move through 0.6300 will confirm the bullish momentum. We look to...
In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and...
AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up....
the price of nzdjpy created rising wedge and broke out and pullback. now it continue its trend with engulfing as confirmation. The price can be seen as head and shoulder breakout to downside. The stoploss is above engulf candle (depend on position size and risk preference) The target is defined by fibonacci projection. The risk reward ratio in this trade is 7