NZD
AUDNZD 1 Hour w/ Updates The explanation will be in the charts. Will update as I see fit. Not Advice.
This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes:
Monthly-Weekly-Daily-4Hour-1 Hour-15 Min
The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own mistakes or progress. Let's go!
NZDUSD to see limited losses?NZDUSD - 24h expiry - We look to Buy at 0.6050 (stop at 0.6020)
Price action has continued to trend strongly lower and has stalled at the previous support near 0.6050.
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.60100 will confirm the bullish momentum.
Our profit targets will be 0.6125 and 0.6150
Resistance: 0.6100 / 0.6125 / 0.6150
Support: 0.6050 / 0.6025 / 0.6000
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AUDNZD 15 Min w/ Updates The explanation will be in the charts. Will update as I see fit. Not Advice.
This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes:
Monthly-Weekly-Daily-4Hour-1 Hour-15 Min
The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own mistakes or progress. Let's go!
AUDNZD Daily w/ UpdatesThe explanation will be in the charts. Will update as I see fit. Not Advice.
This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes:
Monthly-Weekly-Daily-4Hour-1 Hour-15 Min
The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own mistakes or progress. Let's go!
AUDNZD 4 Hour w/ UpdatesThe explanation will be in the charts. Will update as I see fit. Not Advice.
This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes:
Monthly-Weekly-Daily-4Hour-1 Hour-15 Min
The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own mistakes or progress. Let's go!
AUDNZD Weekly w/ Updates The explanation will be in the charts. Will update as I see fit. Not Advice.
This timeframe analysis is linked to the Monthly Analysis and there you will find the following timeframes:
Monthly-Weekly-Daily-4Hour-1 Hour-15 Min
The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own mistakes or progress. Let's go!
AUDNZD Monthly w/ Updates OngoingThe explanation will be in the charts. Will update as I see fit. Not Advice.
The following timeframes will be linked and updated as well:
Monthly-Weekly-Daily-4Hour-1 Hour-15 Min
The idea is to walk through multiple timeframe analysis so we can learn together. This is really a journal for myself but wanted to make it public so others can learn from my own mistakes or progress. Let's go!
GBPNZD: Bullish Breakout? Key News Impacts!Greetings Traders!
GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long.
Yet, on the flip side, positive news may trigger a steep decline, threatening to hit stop-loss levels.
Recent events favor the bulls - a rectangle break hints at an extension of the bull run, and the market momentum broadly resonates with bullish sentiments.
However, let's remember that GBPNZD is currently experiencing heightened volatility. Therefore, I urge you to manage your risk, await the news, and then carefully consider entering this trade.
GBPNZD: Supported on the 1D MA50. Trade these levels.GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome.
We will trade this setup on a breakout basis. A crossing over R1 is a buy signal targeting an aproximate +4.95% rise (TP = 2.15000). A crossing under the 1D MA100 and naturally the HL of the Rising Megaphone, is a sell signal targeting S1 and the 1D MA200 (TP = 1.98500).
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AUDNZD 1 Hour w/ Updates Ongoing *Not Advice*We have posted a Monthly outlook with weekly, daily 4 hour,1 hour, and 15 min charts on their respective pages so be sure to check those publishes in the related ideas section. I wanted to add a 1 hour so we can all practice multiple timeframe analysis. I'm no pro but I want to use this pair to journal trades not to show off. I's better to journal here vs my own sources due to how nice the platform is.
Now, as far as the 1 hour, there's not much difference in our outlook compared to others. I was hesitant about the 4 hour markup due to price being in an oversold position and price being near our green demand zone on that timeframe. However, other timeframes show that price may not be done testing the previous low of the daily-monthly timeframes even if a pullback to test recent 4 hour could work out as well before a reassessment of our short trade. On this 1 hour timeframe we see we are in an overbought scenario with no newer highs and a lower low formed this morning. I don't have a specific price target for this timeframe as of now but we do want to see the previous low be tested or broke before further outlook. I'll update as I go depending on associated timeframe.
short it : NZDUSD Hello, traders. The support and resistance level of 0.620 may soon be reached by the New Zealand dollar, which is currently going through a correction phase. The trend is downward at the moment. Throughout this trading week and the one after it, we'll keep an eye on NZDUSD in case a selling opportunity appears at the 0.620 zone. We've launched a short position to meet with money and risk management standards, and we'll add more in the zone.
Daily chart
Weekly Chart
AUDNZD Montly w/ Ongoing Updates *Not Advice*Weekly Economic Analysis: 7/30/23
Pair: AUDNZD
GDP (Down: Weaker Currency Up: Stronger Currency)
- Aud down NZD up
Employment (Down: Weaker Currency / Up: Stronger Currency)
- Both up
Inflation (Down: Weaker Currency Up: Stronger Currency)
- Both Down
Interest Rate (Down: Weaker Currency / Up; Stronger Currency)
- AUD news week. Both stalemate
Balance of Trade (Down: Weaker Currency / Up: Stronger Currency)
- AUD down NZD up
PMI (Down: Weaker Currency / Up: Stronger Currency)
- Services: Both are down
- Manufacturing: AUD up NZD down
Bias: NZD Stronger
Monthly Technical Analysis
- Price could be in a range with our bias to the demand zone around 1.03758.
🔥 NEW: NZDUSD 🔥 SWING 🔥BSO @ 0.6145
BLO1 @ 0.6115
BLO2 @ 0.6075
PA has kissed a Major Support Level without satisfying the Demand Zone.
However, being the the BIG PICTURE trend is up, it is possible that PA is creating a Higher Low @ 0.6145 to reflect a continuation of the UT.
1 Shaving 50% of my position @ TP1 thru TP3
2 Add-Ons are 50% Buy Stop Order positions
3 Closing ALL Buy Orders @ TP4
NZDUSD (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 05 pips
15 minutes 03 pips
5 minutes 02 pips
⚠️ TREND
— Momentum: Big Picture Uptrend
— Price Action: Ranging with an Uptrend Bias
— CounterTrend: NO (moderate risk trade)