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NZD

NZDUSD Buy opportunity at the bottom of the Channel Down.The NZDUSD pair has been trading within a 8-month Channel Down since February and right now is staging the new rebound on its bottom (Lower Lows trend-line). The 1D RSI has been rebounding from the oversold zone on Higher Lows, while the candle action has been on Lower Lows, displaying a strong Bullish Divergence. As a result, we have the ideal signals to go long and target the 0.618 Fibonacci level on a +4.35% rise at 0.61000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
JPY getting weak across the boardas the JPY getting weak across the board , i am interested in adding three buy limits on three charts. #NZDJPY Buy limit @87.02 SL @86.82 TP @87.78 Expected more than 3R share your thoughts. Disclaimer The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts
Long
by Intraday_Forex_by_Wael
GBPNZD 10/9/23GN super simple and easy make up here, we are looking for the SWL to be taken out from our open moves, i think we will see this low taken within our Monday session now if we don't take this out it wouldn't be a surprised to run our highs above, now i say this because of the size of the range and the lower level of momentum, but still we have a clear lower range move. sell is our bias and until we have a breach of the range we will stick to this sell bias. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes
EURNZD 10/9/23EN is sitting within a huge range to the upside, this is overall a bullish range we did last week create a lot of sell side movement to towards our POI but we never broke out of our range and since have pushed up create a very clean trend liquid area which could give price a clear area to aim for, as it stands iam not really interested in trading the swing range as it has really over reached the POI we wanted to buy from so with this in mind il only be looking for SE moves to give us more of a cue as to what we will do next, we are looking to target our high but really we are a long way off as we stand. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes
NZDCAD: Curve Analysis (2W)📉 Based on the 2-week chart of NZDCAD, the pair is currently trading in a descending triangle pattern. This is a bearish pattern that suggests that the price is likely to continue to decline. The price has been making lower lows and lower highs within the triangle, which is a sign of weakness. Both the Simple and the Exponential 200-day moving averages are also sloping downwards, which further supports the bearish trend. 📉 Price Action (PA) is currently reacting from Resistance @ 0.8075 📈 The next support level for NZDCAD is around 0.7930. If the price breaks below this level, it could decline to 0.7760 or even lower. However, if the price bounces off the first support level, it would be an odds enhancer that Price Action has returned to its BIG PICTURE uptrend. ✍️ Overall, the technical analysis for NZDCAD is bearish. The descending triangle pattern suggests that the price is likely to continue to decline. Since this is highly probable, I have a pending BLO @ 0.7950. ⚠️ HIGH RISK OPPORTUNITY SSO @ 0.8050 TP @ 0.7955 BLO @ 0.7950 If the CAD News @ 08:30 ET / 05:30 PT proves to be strong, then we'll experience the downtrend that appears to be on the horizon for this pair.
Long
by ProfessorCEWard