🕛 TOPDOWN - Navigating a Bearish Market with Strong CHF Dominance Overview: CHF stands as a dominant force in the forex market, consistently overpowering NZD according to historical data. A crucial breakdown in the monthly structure, especially in August, has placed this pair in a post-breakout scenario for the past four months, signaling a looming substantial...
Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming...
Hello,Friends! NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.531...
Consider entering a long position on the NZD/CHF pair at 0.53160 with a stop loss set at 0.51933. This trade reflects a potential upward movement based on my analysis strategy. The risk-reward ratio stands at approximately 1.9, offering a favorable balance between potential gains and losses. Monitor market conditions and be prepared to adjust the position accordingly.
Hello,Traders! NZD-JPY is trading in an Uptrend and the pair Is about to retrest the Horizontal support level Of 90.300 from where I will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.033 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for NZDJPY. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 90.662. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 90.910 level. P.S Overbought describes a period...
Please, check our technical outlook for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.833. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.832...
NZDJPY broke and closed above a key daily structure resistance yesterday. The broken structure turned into support. After a violation, the pair became overbought and we see a correctional movement at the moment. The price is steadily falling within a bullish flag pattern. Your bullish confirmation will be a breakout of the flag's resistance. Let the candle...
OANDA:NZDJPY Overall structure based on the weekly, daily, 4h and 1h is bullish with price having broken above the 90.500 daily resistance and retesting as 90.500 daily support with price also retracing at 38,2% Fibonacci retracement level at the same 90.500 daily support. The bullish engulfing candlestick on the 4h is an overall strong confirmation to go long on NZDJPY
EURNZD - Intraday Risk/reward is ample to call a buy trade. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our short term bias remains positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Levels close to the 50% pullback...
✅NZD_JPY is trading in an Uptrend and the pair broke The key horizontal level of 90.400 And the breakout is confirmed So I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
We've seen a nice pullback on NZD/USD into a prior volume cluster, false break of 0.62 with a doji and a bullish divergence with the RSI (2). Assuming US CPI doesn't surprise to the upside, this looks like a decent swing trade long setup. Although a risk-on vibe and broad USD weakness is required to make it work. Take note that 1-day implied volatility is 2.5x...
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we have the same scenario as on GBPAUD, we are bearish, so I am looking for short. I see price to go a little bit higher to fill the imbalance and then to reject from bearish order block + institutional big figure 2.05000. Like, comment and subscribe to be in touch with my content!
yesterday NZDJPY made strong bull candle so tody i will take entry based on it.
NZDJPY Next sell opportunity 91.23 - 9153 4H key level update Pressure level located at 91.516 Support level 88.646 Currant situation explanation NZDJPY running with nearest pressure level. 90.776 but this level no more valid. wait for 4H pressure zone for getting market sell. Target should be 89.243. get with two entries
still looking to reach for higher levels all the way to old high Buyside liquidity / Dol
Hey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.52800 zone, NZDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.52800 support and resistance area. Trade safe, Joe.