Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Lets take a quick look and mark up GBPNZD so it makes sense for potential trades!
NZDCAD clearly broke and closed above the major long term support level, the market on the Daily and the 4 hour chart retraced and is now at the inner up trend line near support, this could give us one more shot to reach the highs before it starts dropping
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
Both NZDCAD & NZDCHF on the weekly Time Frame broke through the level of past support to become future resistance, the market on both of them created on the weekly 2 candles with long wicks to the south at the past support. the next resistance for each of them is about 150 pips away so in total there is a 300 pip potential. let me know if you have any...
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
Update on bearish bias on NZD/USD
This video is about update on NZD/USD and new buy trade analysis on GBP/NZD.
The video explains why to enter sell, entry point, entry method and exit method. The entry method explains how I determined the end of effect of FOMC.
In this video update, we take a look at NZDCAD as the trend on the 4hr timeframe remains clear. The monthly analysis suggests looking for long opportunities and the price is making its way up to the key resistance. If the price retraces to the recent breakout highs we will look for long opportunities.
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In this video update, we take a look at NZDCAD as the price could be prepared to move over 1000 pips back into the range highs. The strength and weakness table suggest that the New Zealand Dollar is gaining strength and the Canadian Dollar is weakening. Technically the monthly timeframe shows price back at the key lows where we could see price move higher from.
In this video update, we take a look at the Swiss Franc and the potential for this currency to continue to weaken. The commitment of trader reports highlighted a significant increase to short contracts on the swiss franc adding weight to the current sell-off we are seeing. We will look to sell the weaker currency against stronger counterparts such as the USD.
Quick update on GBP pairs. It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term. Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...