I believe it would have more downside, but do take note of the minor support on the daily and could bounce to pullback before going down further. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs...
I've identified a Bat Pattern retest on the NZDJPY, representing a counter-trend trading setup. This trade is categorized as a combo trade due to the presence of a bearish shark pattern retest on the weekly chart. In this instance, I've opted for an aggressive approach , meaning I'm engaging in the trade before waiting for candlestick confirmation. The...
As the DXY strengthened overnight, the NZDUSD traded significantly lower, as the price reversed from the 0.5950 price level, down to 0.59, which coincides with the 50% fib retracement level from the longer term. The NZDUSD looks to be entering into the support area formed by the 50% and 61.8% fib retracement level. Anticipating a continuation in DXY strength,...
AN should be making a turn down, already showing signs...Watch for it. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 90.00 will confirm the bullish momentum. The RSI is trending...
Preferred direction: Neutral Comment: The situation with the New Zealand dollar is similar to the situation with the euro. In the short term, there will most likely be a slight upward impulse, after which there will be a continuation of the fall within the framework of the medium-term downward trend. The long-term picture is also on the side of sellers. ...
NZD-JPY has hit a horizontal Resistance of 89.863 and The pair is overbought already So a local bearish correction Is to be expected !
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 89.50 will confirm the bullish momentum. The measured move target is 90.00. We look to Buy at 89.00 (stop at 88.60) Our profit targets will be 90.00 and 90.20...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
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NZDJPY is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 89.696 Why we like it: There is a pullback resistance level Stop Loss: 89.919 Why we like it: There is a swing-high resistance level Take Profit: 88.940 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci...
The price action I've observed on the daily timeframe points to a very nice bearish sentiment in five key points. Price peaks in August by forming a range, which breaks near the end of that month. Consolidation forms shortly after and downside momentum forces price to break below the lower range boundary. This marks a technical trend change as defined by the...
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for a short position. I want price to make a retracement to take buy side liquidity and to fill the imbalance higher and then to reject from bearish order block. Fundamental news: Next week on Friday...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The dollar fell slightly in early European trading on Monday, extending last week's losses to a six-week low after the Federal Reserve became less hawkish. At 03:20 ET (8:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, fell more than 1% last week, the biggest decline since the middle of last year. It...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 89.80 will confirm the bullish momentum. The measured move...