WEEKLY FOREX FORECAST July 29-AUG 2: OIL INDICES GOLD SILVERThis is Part 1 of the Weekly Forex Forecast JuLY 22 - 26th
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US OIL
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NZD (New Zealand Dollar)
GBPNZD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 2.15000.
Fundamental news: Tomorrow (GMT+3) we will see result of Interest Rate on GBP, news with high impact on currency.
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My Entry Reasons And How To Make 2500 Pips Weekly 0 Drawdown !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.
GBP/NZD New Entry Valid To Get Another 200 Pips !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.
NZDJPY: Testing Key Support - Will It Bounce?Trendlines are a fundamental concept in technical analysis, used to identify and confirm the direction of a trend. They are drawn by connecting a series of price points to highlight the prevailing direction of the market, whether it be upward, downward, or sideways.
A trendline acting as support is a line drawn below the price action, connecting two or more significant low points. When the price approaches this trendline, it often finds buying interest and 'bounces' off it, resuming its upward trajectory. Conversely, a trendline acting as resistance is drawn above the price action, connecting significant high points. When the price approaches this trendline, it often encounters selling pressure and 'bounces' downward.
Currently, NZDJPY is trading near a trendline that has previously acted as a robust support level. Historically, this trendline has successfully caused the price to bounce upwards when touched. Given this historical behavior, there is a strong possibility that the trendline will once again act as a support level, causing the price to bounce back up.
A confirmed bounce could present a buying opportunity, while a break below the trendline might indicate a shift in market sentiment and a potential trend reversal.
Key Points to Watch:
Trendline Support: Observe the price action near the trendline. A bounce off this line would reaffirm its role as support.
Volume Confirmation: Increased trading volume on the bounce can provide additional confirmation of the support level's strength.
Candlestick Patterns: Look for bullish reversal patterns (e.g., hammer, bullish engulfing) near the trendline, which can signal a potential upward movement. It's important to monitor the closing of today's candlestick; a bullish reversal candle would be a strong indicator of a potential bounce.
Stop-Loss Placement: Consider placing stop-loss orders just below the trendline to manage risk in case of a breakdown. In this analysis, stop-loss placements are marked with a red line labeled "SL."
GBP/NZD Gave Yesterday +140 Pips 0 Drawdown , New Entry Valid !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.
NZDCAD: Bullish Sentiment Confirmed?! 🇳🇿🇨🇦
NZDCAD has a nice potential to grow after a test of a major rising trend line on a daily.
I see a clear sign of strength of the buyers on a 4H time frame with a double bottom formation
and a confirmed change of character.
I think that the pair will reach 0.82 level soon.
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We have displacementWe have a daily breaker block as our higher timeframe base and and a broken structure before price hiked to clear the swing high at 0.81600. The gathered data indicates a strong bullish market because price filled the fair value gap imbalance, mitigated the order block and we have a clear displacement due to the body close that spiked 0.81700. From here we ought to expect a flip to the unmitigated fresh demand zone for bullish positions. Going aggressive on this one is optional, looking to execute at 0.81420, stop loss of 15 pips just below the demand zone for price to breathe and we are targeting the supply zone at 0.82020 which adds up to a 60 pip target…
NZDJPY BUY | Idea Trading AnalysisNZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
[NZDJPY] Second long entry for swingOn this asset, I already took on entry as published previously. It was a very anticipated entry, I then just had the confirmation for my long entry with more confidence on this trendline break so it was time to "load the boat" heavy.
I am expecting a huge upside move for the next days/weeks so let's manage this trade properly.
Great Trade !
NZDCAD Bullish 4H TF(4Div, BOS)NZDCAD shows bullish momentum supported by bullish divergence and break of previous LH or Break of Structure (BOS). Entry is taken with a buy stop placed at 15 pips above the previous LH and SL below the previous LL. TP is at 1:1 at the passing of falling trendline.
What do you think, will it work?
Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any.
#nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY
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Trade Alert: SELL Now to 2.12, Then BUY Big to 2.20??This pair has surged over the past few weeks, nearing last year’s high at 2.158 and approaching several key high timeframe (HTF) levels.
First, we have the 2020 spike high, which reached the monthly SUPPLY/SELL zone created in June 2016. As shown in the chart below, just above that zone is the 61.8 FIB level from the Brexit decline that began in August 2015.
We are likely heading towards these levels soon. However, I anticipate a short-term sell-off towards the 2.12 level first, given the extreme overbought conditions across all lower timeframes, coinciding with last year's high.
My strategy is to wait for the next SELL signal on the 2-hour to 6-hour charts using my TRFX indicator, targeting the 2.12 level. I will closely monitor this setup, as the drop may not reach 2.12, and will trail my stop after securing the first 100 pips in profits.
As mentioned, this pair is likely heading towards 2.20 or higher in the coming months. Therefore, I plan to buy into the short-term dips to target those higher levels.
To confirm this, I want to see a retracement towards 2.12, followed by a bullish signal. Given this pair’s nature, it could easily surge to 2.20, presenting a significant selling opportunity with the potential for substantial profits.
Share your thoughts in the comments, and don’t forget to hit the follow button if you like my ideas!
GBPNZD Weekly Analysis and OutlookGBPNZD 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 bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend.
Expectations and Potential Scenarios:
Upon breaking the resistance zone, we anticipate that the GBPNZD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend.
Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions.
Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend.
Conclusion:
In summary, the GBPNZD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
Some Of My Entry Reasons , How I Have 10 Wins Tardes Per Week !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.
BUY NZD/CHFTrade 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 favoring NZD over CHF
📈 Visual Chart
(Include a visual chart here showing the entry point, target, and stop-loss levels. For now, a placeholder text can be used if the chart is not available.)
GBPNZD - Bearish Breakout + DivergenceTaking 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 into the meeting.