AUDNZD Know when to buy and sell. Strong pattern ahead.The AUDNZD pair is currently consolidating exactly on the 1D MA200 (orange trend-line) following the May 07 rejection near Resistance 1, which resulted in a strong sell-off. We expect this sell-off to extend at least as low as the 0.618 Fibonacci retracement level (blue) and then rebound towards the Symmetrical Resistance Zone, approximately on the upward 0.618 Fib (black).
Our long-term Target is eventually 1.06600 (near Support 1). Our projection is based on the similar price action of June- July 2023.
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NZD (New Zealand Dollar)
GBPNZD Is Going Up! Buy!
Take a look at our analysis for GBPNZD.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.074.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.082 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Trade Like A Sniper - Episode 13 - AUDNZD - (3rd June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing AUDNZD, starting from the 12-Month chart.
- R2F
Could GBP/NZD bounce from here?Price is falling towards a support level which is a pullback support that lines up with the 100% Fibonacci projection and could potentially bounce from this level to our take profit.
Entry: 2.06739
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Stop loss: 2.06069
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Take profit: 2.07731
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP_NZD SUPPORT AHEAD|LONG|
✅GBP_NZD will be retesting a support level soon at 2.0675
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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NZDCHF BREAKOUT AND PULLBACK ON KEY LEVELWe recently observed a significant breakout and rally at a crucial level, followed by a price reversal back toward this key level where the initial breakout was confirmed. We now anticipate a retest of this level, expecting it to act as a support zone before another bullish reversal occurs.
NZDCHF – looking for pullback and bullish continuationThe recent bullish move by this pair has been restricted by the resistance zone around 0.54750. However, this zone was overcome about 2 weeks ago. After breaking through with momentum, price is now pulling back and I think it will find support at the same zone aided by the 50EMA.
Let’s see how this plays out.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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EURNZD Potential DownsidesHey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76900 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76900 support and resistance area.
Trade safe, Joe.
GBPNZD Expected Growth! BUY
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0729
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0788
My Stop Loss - 2.0687
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
NZDJPY Approaching the top of 3.5 years Channel Up. Strong sell.The NZDJPY pair is trading on the 4th straight green 1W candle and is approaching the top (Higher Highs trend-line) of the Channel Up pattern that started on November 2020. Even though it may extend to a +9.30% rise (the smallest long-term it had within the pattern), selling now offers excellent Risk/ Reward conditions. Our target is 92.000 (Higher Lows trend-line).
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Strifor || NZDUSD-31/05/2024Preferred direction: SELL
Comment: The situation with the New Zealand dollar, as well as with the Australian dollar, forces us to freeze all purchases for now and consider more sales. We are targeting the support level of 0.60713 , which is where the approach is likely to come in the near future.
A more likely setup is a maximum drop from current prices, especially at the beginning of the American session (scenario №1). Less likely scenario №2 involves growth at the moment to 0.61670 , which may just happen against the backdrop of the publication of today's data. The target for the fall is level 0.60713 .
Additional comments on this trade will be provided as situation changes. Follow us!
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NZDCAD: Last Idea Running 300+ Pips, Next Big Opportunity OTW! Dear Traders,
Our last idea hit 340+ pips successfully, and we expect price to continue rising up, after touching our imbalance zone. That area remain a strong possible buying area for buyers. Once rejected at the area we can see strong rebound from our buying zone. 400-500 pips move is expected.
Good Luck and Trade Safe
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