In the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods. In this scenario, we marry technical analysis with the art of trading. Observations: A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84. For Fib-3 Bat enthusiasts, a...
Hi Traders ! On The Daily Time Frame: -The NZDJPY Reached a Resistance Level (89.619 - 90.202) -The Price Formed a Double TOP Pattern. Currently, We have a Bearish Scenario 📉 If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move ! ----------- TARGET: 86.120🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURNZD formed a tiny double top pattern, approaching a solid horizontal resistance. I expect a pullback from the underlined zone ahead of ECB press conference and rate decision. Goals: 1.815 / 1.808 ❤️Please, support my work with like, thank you!❤️
We can see another rejection from the 1.0915 level, making this a local triple top, I think we will break this and move higher in the coming weeks, however expecting a short term retracement first, to around the 0.5% Fib.
Looking at this pair I'm expecting another bounce from support, I'm cautious as not overly confident in New Zealand Dollar out-performance in the coming weeks, but I'm still seeing the Yen struggling against many crosses. I think we'll be into a sideways movement for the next few sessions and so for this week I'm looking for a signal on the LTF to go long.
There is a lot of uncertainty regarding interest rates in Japan. I personally think that the BOJ will keep the same monetary policy. However, the market maintains its uncertainties and therefore for the moment there is no point in wanting to fight with the market. NZDJPY seems to me a good setup to capitalize on this uncertainty.
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 NZDUSD pair has gone a long way since the previous successful buy signal we gave (see chart below): The Channel Down shifted higher but the price is once again found on its bottom (Lower Lows trend-line) giving us a new high probability buy opportunity. On top of that, it appears to be repeating the May 31 bottom as the RSI is on an identical sequence....
The New Zealand Dollar (NZD) is trading bearish against the Japanese Yen (JPY) at 87.386 on Friday, October 27, 2023, following comments from Japan's Chief Cabinet Secretary Taro Matsuno that the Bank of Japan (BoJ) is expected to conduct appropriate monetary policy. Matsuno's comments come amid rising expectations that the BoJ will eventually tighten monetary...
Price is hovering above a major swing low support level, which is at our buy entry, at 0.5197. Our stop loss is at 0.5097, which is below the fibo confluence zone. The fibo confluence zone is the 100% fibo projection and 127.2% fibo extension. Take profit is at 0.5303, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on...
NZDCAD undertook a fairly significant first phase, an impulse wave. Next, the second wave of the correction phase is expected to form. Finally, the impulse wave will appear again, to be precise, the third wave. It is possible that the fifth wave will also form until the second arrow. Very interesting to follow, don't miss it. This is not financial advice, be...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. A move through 87.00 will confirm the bearish momentum. The measured move target is 86.25. We look to Sell at 87.42 (stop at 87.82) Our profit targets will be 86.42 and...
According to the market structure, we can expect that the identified bullish order block work as a support and push the price higher. Please pay attention, we need an LTF confirmation for the execution. 💡Wait for the update! 🗓26/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Hi Friends! Let’s analyses this pair from multi time frame. Daily : Price got rejected from strong demand + support zone H1 : Multi-bottom pattern got breakout. Let’s monitor price action and look for BUY entry. Just remember to manage your capital while trading. No matter how perfect your trading system is, the way you manage your risk is...
I have perfectly predicted an intraday bearish movement after a breakout yesterday. Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range. The next bearish wave will be confirmed after a breakout of the support of the range. 4H candle close below 0.5808 will confirm a violation. A bearish continuation will...
NZDCAD was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline. Currently the price has given the breakout from falling trendline and now forming a local support around 0.5180 region. Will the bulls take charge again continue for leg higher?
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD 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...