For a couple of weeks now the price has been trading in a bearish channel. Right now we see a clear breakout of the channel which might be a signal for the buyers to push the market higher. From this scenario, I'll look for a buy entry after the retest of the highlighted level. Please show your support with a like and a comment!!
Here is our today's forecast for NZDCAD. Our analysis is based on fundamental & technical metrics. According to our drawing NZDCAD is coiling on support cluster. Based on our analysis the price will go higher to the next resistance level. Like & Comment Our Analysis, Please! ❤️ Please, support our work with like & comment! ❤️
Hi, Today I have entered NZD/USD on the hourly timeframe. Within the last hour the price has broke and closed above the hourly support at 0.70301 I have a stop loss below the previous candles wick at 0.70239. Entry at 0.70239. Good luck if you join
Hey guys, this pair traded to a strong support zone and bounced. We see formation of a double bottom which is a bullish reversal pattern. It also broke the trendline on the right. With those confirmations, i'm looking to go long on this pair
This is my idea on NZDJPY Pair. Harmonic Patterns: ABCD What dou you guys think?
NZDCAD broke the downtrend line price above SMA 100 price above key level around 0.8680 MACD shows bullish momentum RSI above 50 so it's expected the bullish movement to resistance level around 0.8800
buy NZDCAD now after it broken down trend line it is supported by Daily demand zone NZDCAD TYPE : BUY TF : H2 ENTRY PRICE : 0.8685 STOP LOSS : 0.8615 (70 PIPS) TAKE PROFIT : TP1: 0.8705 TP2: 0.8740 TP3: 0.8795 TP4: 0.8850 TP5: 0.8900
Hello guys, today I will have a closer look at the NZD/JPY. Since the start of today’s Asian session, there has been a strong uptrend. It seems that strong Buyers are pushing (manipulating) the price to go higher. What happened before this trend? There was a rotation. The price was moving in a tight price channel. Volume Profile Analysis I used my Flexible...
1. First time price broke through this key 1.05795 level. What happened after in #2 is also key. 2. Exhaustion here as price failed to make a higher high. 3. I'm once again seeing price threatening to break below this key level. Once it does, we can expect further momentum.
Description Price is approaching pivot level of 0.69841 where we have 50.0% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 0.68838, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance...
Price has shown a bullish breakout from the descending trendline resistance-turned-support, and is also holding above the moving average as well. We could see a further rise from 1st support at 0.69519 in line with 50% Fibonacci retracement and horizontal overlap support, towards 1st resistance at 0.70270 in line with 78.6% Fibonacci retracement and 127.2%...
GBPNZD - Potential Bat Pattern, I want to see price hit the zone after taking out liquidity, then ill be looking for reversal patterns to take the potential continuation short! Whats your thoughts?
Hello Traders!! Lets take a look at NZDJPY pair which has formed a neat descending channel on the 4hr and Daily Timeframe... Price has hit the resistance, watching for price action at the resistance area for opportunity to SHORT or LONG. For more free analysis and frequent update, please like, comment and follow
Hello Traders We detected a bearish butterfly pattern in NZD/JPY. its final target is about 80. Right now Price is above resistance zone but we should consider a pullback to resistance zone again. RSI is declining and hit the overbought zone so a correction needed for RSI. buying in resistance zone is recommended if you are going to try this setup. Thanks for Reading
Hello Traders After a decent upward move, price got rejected by Big Resistance Zone in 1.061. RSI upward trendline is broken and price built a LL in lower TFs. At this time we expect a corrective wave in a flag formation shape. Also R:R 1:2 is already shown in chart. Thanks for Reading
NZDJPY is on a bullish momentum. We see the potential for a short pullback and an entry at 79.052 in line with 161.8% Fibonacci extension and 50% Fibonacci retracement towards our take profit at 78.169 in line with 38.2% Fibonacci retracement and ascending trendline support. Stochastics is at a level where dips occurred previously. Any opinions, news, research,...
NZDJPY is on a bullish momentum. We see the potential for a short pullback and an entry at 79.052 in line with 161.8% Fibonacci extension and 50% Fibonacci retracement towards our take profit at 78.169 in line with 38.2% Fibonacci retracement and ascending trendline support. Stochastics is at a level where dips occurred previously. Any opinions, news, research,...
Bullish Indicators: 1) HH HL 2) Support zone at 1.05491 Fib level 50.00% 3) Uptrend/Ascending channel Bearish Indicators: 1) Resistance zone at 1.06132 Fib level 61.80% 2) Breaking of lower trendline Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%. Plan B: One can take a short position on the breaking of lower...