GBPNZD is having a bounce off the downtrend trendline for the second time. This is the price action we've been waiting for. Unless a new higher high is printed, we expect a relatively strong pullback, to test the long-term downtrend trendline and 61.8% Fibonacci support.
daily bearish 4hrs bearish 1hr bearish wait for confirmation
GBPNZD reached the top of the 5 month Rising Megaphone and straight after the 1D RSI turned overbought (RSI = 57.238, MACD = 0.009, ADX = 19.804), the price got rejected on a HH. As you can see, the same overbought level caused the April 26th rejection on the HH line. Our target is the HL trendline (TP = 2.0200). ## If you like our free content follow our...
✅NZD_JPY is going up currently And the pair broke the key structure level of 87.200 Which is now a support, and has made a pullback And the retest, so I think the price will keep going up now LONG🚀 ✅Like and subscribe to never miss a new idea!✅
after breaking the pattern the reversed head and shoulders and breaking the neckline the price is retesting it again
New Zealand GDP disappoints with a slight decrease in the first quarter, while Japanese trade balance shows a larger deficit in May. The New Zealand GDP for the first quarter contracted by 0.1% on a quarterly basis, with an annualized increase of 2.2%. Economists had predicted a similar drop but anticipated a higher rise of 2.6%. Comparatively, the third-quarter...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes. on H4: Right Chart GBPNZD has been overall bearish trading inside the red channel and it is currently sitting around the upper...
Analysis: This setup to us is ideal. Firstly price is clearly in a downwards trend and there is no doubt about this. We've seen price create a series of lower lows and lower highs which confirms that we are in a downwards trend. Knowing this we are only looking for shorts on this pair. Where price is currently is a very interesting area to us. Why? This area has...
OANDA:NZDJPY Buy Opportunity BUY 87.350 Top 87.550 Good buy opportunity to trade in and seize profits.
GBPNZD is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 2.03638 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 2.02158 Why we like it: There is an overlap support that sits below the 50.0% Fibonacci...
We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from. We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the...
The price is moving in a descending channel and has reached the top of the channel and a strong horizontal resistance. From there, it is expected to move towards lower support levels. 1W: 1D: Good trading! If you find it useful, like, follow, share!
Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely expected, the fact that policy makers see...
GBPNZD - 24h expiry Previous support located at 2.0400. Previous resistance located at 2.0450. Price continues to trade within the triangle formation. A move through 2.0375 will confirm the bearish momentum. The formation has a measured move target of 2.0100. We look to Sell a break of 2.0390 (stop at 2.0460) Our profit targets will be 2.0220 and 2.0180...
NZDCAD / 1D Hello traders, welcome back to another market breakdown. NZDCAD has been trading inside a channel, the bears tried to break to the down side but failed, that's usually a signe of a bottom, so this can be the lower high on the mounthly time frame. I'll be waiting for a pull-back. Trade safely, Trader Leo.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.