We were reacting to the support level and we are expecting an upswing... with a suitable risk to reward
This currency has been forming a rising flag for the past few weeks and as for now, it is testing the support zone at 0.813. Let us wait and see if it will break out of that trendline, retest the zone so that we can have a clear entry position.
GBPNZD Weekly Analysis and Outlook This week, the GBPNZD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth. Current Market Overview: The pair has been steadily moving upwards, supported by favorable market conditions and...
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.
Trade Recommendation: NZD/CHF 🟢 Action: Buy Entry Point: 0.5210 Target: 0.5350 📊 Trade Details Detail Value Currency Pair NZD/CHF Action Buy Entry Point 0.5210 Target 0.5350 Stop-Loss Level 0.5150 📌 Trade Rationale Technical Analysis: Support level at 0.5210 Resistance level at 0.5350 Fundamental Analysis: Positive economic indicators for NZD Market sentiment...
Taking a look at the 1 hour timeframe, it's quite noticable that we have a clean breakout to the downside along with bearish divergence with RSI. This isn't much of a surprise as this pair is heavily overbought on the daily and weekly timeframes. Next week we get the latest policy decision from the BOE which likely will contribute to stirling weakness heading...
Here is the second entry point for me on this asset. Still trying to catch the pullback. Need to secure it very fast because the momentum is huge but can lead to a big win trade. Great Trade !
Hello,Traders! NZD-CHF is collapsing Further down and has lost Almost 7% from the local peak So the pair is massively oversold And as it is about to retest The horizontal support of 0.5237 A local bullish correction But this is a risky setup Because of how easily The pair broke all the Previous support levels So please use no more Than 0.5% of the...
Rumoured Japanese intervention shocked markets Post CPI. For the fall to be sustained, more intervention, or significant rhetoric change would be needd PRE BOJ meeting EOM. Here's my preferred strategy.
Please, check our technical outlook for NZDCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.819. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.825 level. P.S The term oversold refers to a...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59400 zone, NZDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area. We would also like to consider the current bearish momentum on DXY and the easing inflation in the...
The latest mid-term downtrend has reflected an uptrend/upwards trajectory on a faster easing BOC Policy. Lately, The RBNZ has reacted to data and given a more dovish stance, supplying NZD weakness and a return back down the up-trending channel. CPI out of Canada today does not change this, NZD data later might. Sentiment case still largely supports upside.
NZDCAD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long NZDCAD Entry - 0.8180 Sl - 0.8141 Tp - 0.8256 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
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.
GBPNZD price is in an uptrend. The price has an opportunity to test the resistance zone. 2.18438-2.19213 If the price cannot break through the 2.19213 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea! *Always follow your trading plan regarding...
✅NZD_CAD is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at 0.8200 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
A monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY) A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size...
Hello dear forex trade This price action for GBPNZD I sell in two steps... the first is with the confirmation of the candlestick pattern on the lower time frame... for the second sale, I wait for a new HH after it is rejected, I enter another sell step... this setup is a combination of rtm price aaction and Fibonacci Good luck mehdi