Looking for 340+ pips 💲💲 This is the chart of gbpnzd Reasons for take this trade 1 - it's gave channel pattern breakout 2 - it's completed ABC pattern 3 - fib retracement(very important) 4 - if we see long term chart then we easily can see first there was impulse then retest and now continuing impulse 5 - history repeating 6- index showing weakness ...
Hi, Ethan here. I'm going to analyze EUR against the New Zealand Dollar. Given the raised interest rates up to 0.25% according to market expectation, New Zealand Dollar gets under pressure. I think there are a lot of bullish drivers for the New Zealand Dollar, and this decline in NZD is an opportunity for the long side. so, we can sell EUR/NZD at this level, with...
Hello traders, The fundamentals are telling me NZD will not stop falling and we are reaching support soon, but that is not to say we cannot make money if we get a pullback towards or near moving averages with a bearish engulfing candle formation that could be a great trade towards the downside to re-test previous higher timeframe bottom.
Hello,Friends! In this market situation, I am looking at multiple indicators And I can see bearish momentum accumulating on the pair right now This sentiment makes me bearish biased and I am considering a short! Like and subscribe and comment my ideas if you enjoy them!
Here we have our GBPNZD chart. On the recent rally we are looking to get short. Price is high and returning to KEY MA's. Price direction is shown by the directional arrow.
I see a very beautiful channel on daily and it is very clear that there will be a sell zone. However if there is breakout, the trend will go higher. Let the picture talk!
Downtrend captured within a descending channel. It's "consolidation" is also captured within an ascending channel. So that we have channel n channel, and now Price is around cross-section. I expect a continuation of downtrend, down to 1.618 fibonacci level, which should sync to form a global Support level. Alternatively, price may Short a bit, and breakout the...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6201). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURNZD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6201). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURNZD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
For more expert daily analysis, don't forget to click on the follow button. Here we have our NZDJPY chart. As you can see, for the past several weeks we have been seeing price fall down lower. We are now at Weekly support and approaching our previous MA's. We are looking long now for a move upwards noted by our directional arrow.
Return level . high channel . There is a greater possibility of falling
Hi dears It seems that with the trend line broken, we should see the New Zealand dollar fall in the coming days. The area we are in is a very low risk area for sale. You can use the lower trigger time frame to enter. Australian Dollar Analysis I put it in detail in my analysis. Take a look at it, it might be useful for you. 🙏If you have an idea that helps me...
Price is near sell entry price of 0.69568 which is also 78.6% Fibonacci retracement and 100% Fibonacci projection . Price can potentially dip to the take profit level of 0.68612 which is also the graphical swing low level. Our bearish bias is supported by ichimoku cloud indicator as price is trading below it. Any opinions, news, research, analyses, prices, other...
Prices are on a bearish momentum and consolidating in a bearish channel. We see potential for a sell entry at 83.269 in line with 78.6% and 100% Fibonacci extension towards our Take Profit at 82.157 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or...
CAD/JPY: • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this...
IN this update we review the price action in the NZDJPY and identify some high probability trade locations
Price on a bearish momentum and abiding to a bearish trendline. We see potential for a short at our sell entry at 0.64718 in line with 100% Fibonacci extension towards Take Profit at 0.64261 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or links to...
Price is trading in a descending channel and near sell entry price of 0.69568 which is also 78.6% Fibonacci retracement and 100% Fibonacci projection. Price can potentially dip to the take profit level of 0.68612 which is also the graphical swing low level. Our bearish bias is supported by ichimoku cloud indicator as price is trading below it. Any opinions,...