Let’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm...
Hello Guys, This pair has been on my radar for a long time now. Let's break down this pair. On the monthly timeframe, a bearish CHOCH was formed and if you use your fib to measure the retracement, you will notice that the price has retraced more than the equilibrium price, meaning that GBPNZD is in a premium zone. This doesn't mean it would be wise to short the...
Short opportunity at Resistance Zone and Head & Shoulders Neckline Retest. - Double top confirmation at 1h chart! - 50 pips SL - 30 pips Break-Even or TP1 - 70 pips TP
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61500 zone, NZDUSD 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 0.61500 support and resistance area. Trade safe, Joe.
Hello friends. By the according the Chart of NZDCAD we see the origin trend is downtrend and I expect in this time frame we reach the goal in the show in the chart . be enjoying and profitable
Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.82350 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82350 support and resistance area. Trade safe, Joe.
Hello,Traders! NZD-CHF retested a horizontal Resistance level of 0.5419 Then went down and broke The rising support line so We are now bearish biased And I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Support and press the rocket to cheer me up Observe the ten percent loss limit Stay away from Bitcoins Feel free to buy and sell and post your comments
hello traders.as you see in 4hr we can see the change of direction and this demand area.now after pullback to this zone, in smaller time we wait for confirmation to open our long position. R:R 3.42 “”your follows and boosts encourage me to publish more analysis””
Hey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.53500 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.53500 support and resistance area. Trade safe, Joe.
NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Further upside is expected. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 89.50 will confirm the...
The recent price action on the GBPNZD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
My dear followers, I analysed this chart on NZDCAD and concluded the following: The market is trading on 0.8320 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8349 Safe Stop Loss - 0.8303 About Used Indicators: A super-trend indicator is plotted on either above or...
Please, check our technical outlook for GBPNZD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2.055. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
The NZDUSD pair hit the 0.60500 target (see chart below) we set on our most recent call (October 27): As you can see, the price extended even higher to the top (Lower Highs trend-line) of the 12-month Channel Down where it has so far been rejected. This is technically the most optimal level to sell, as long as the trend-line holds of course. We are taking...
Price could react off our buy entry which is a multi swing-low support level at 2.04374. Our take profit is at 2.05493, a pullback resistance level. Stop loss is at 2.03771, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against...
GBPNZD for me looks for more shorts. Now it's good place for looking for structure for reversal and sell. I add one small order and I wait for structure on M5-M15 for add more sell. TP new LOW
OANDA:NZDJPY Break below 89.640 weekly support and price made a retest at what is now 89.640 weekly resistance. a bearish engulfing candlestick on the 4h and 1h is confirmation to go short. Also the 61.8% Fibonacci retracement level at 89.640 weekly resistance is a strong confluence