EURNZD currency pair analysisWe see the formation of a bearish Gartley harmonic pattern in the descending channel.
The role of dynamic resistance is also very important. A resistance that the price has reacted to many times.
It is expected that the price will experience a drop to at least the 1.7850 range.
A breakdown of dynamic resistance and the ceiling of the descending channel will invalidate the analysis.
Nzdanalysis
GBPNZD Swing tradeBullish run at GBPNZD already stop after strong channel up break at Sept 13.
2.0500 as previous support also as fibonacci .382 still hold bearish movement. But if this support break,
next bearish target at .618 fibonacci support at 1.9877 with 623 pips target.
We can aim for bigger target at 2023 low at 1.8848 with 1661 pips profit projection.
This is long term trade, so I will update more bearish movement at 1 hour timeframe for intraday setup.
Happy trading
AUD/NZD: Trans-Tasman analysis The AUD/NZD is an interesting pair to examine after the release of each country’s respective inflation reports yesterday.
In New Zealand, the annual inflation rate remained steady at 7.2%, prompting investors to forecast that inflation in the country has peaked, and the Reserve Bank of New Zealand can slow the pace of interest rate hikes moving forward, inducing a fall in the NZD against the US dollar. The next interest rate decision from the RBNZ is on February 22.
Australia’s inflation data, came in hotter-than-expected, at 7.8%, up from 7.3% in the previous reading. As a result, the Australian dollar climbed to a fresh 5-month high, almost the only major currency making a significant move against the US dollar on the day, as the market priced in a ninth consecutive rate rise by the Reserve Bank of Australia’s on February 7.
Naturally the AUD/NZD cross pair has begun to diverge quite significantly, with an emphatic break above the 200-EMA line, due to their respective performances against the USD. 1.09600 appears to be the most immediate level of resistance for the pair now, but doesn't seem to be holding up all that well against current buying activity, with the 20 EMA/ 1.09480 acting as the support.
💰BUY NZDUSD at the best price and place🧨🔰You can see the analysis of the New Zealand dollar to US dollar currency pair in a 15-minute time frame (NZDUSD_ 15min) 🔍🧨
💥If the price breaks the Down trend line🖤, if the price returns to the DEMAND zone, it can rise to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉______
🌟Best price and area to SELL Euro to New Zealand Dollar🧨🧨🔰You can see the analysis of the Euro to New Zealand dollar currency pair in the 15-minute time frame (EURNZD_ 15min)🔍
💥If the price can break❗ the Up trend line🖤 and stabilize❗ below it, it can experience a fall🔻 to Support🧡
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
______📈TRADER STREET📉______
⭕SELL EURNZD at the best price and area🧨👌🔰You can see the analysis of Euro to New Zealand dollar in the four-hour time frame (EURNZD _ 4H)🔍
💥According to the black🖤 downward trend line as well as the supply zone, the best area and price to sell this currency pair is in the overlap of these two areas🧐and we can expect the price to fall to the support🧡 line❗🔻
I hope the analysis was useful for you🤍🌹
📌Please introduce "TRADER STREET" to your friends 🙏🏻
____________📈TRADER STREET📉_______________
⭕️SELL AUDNZD ; It's time to sell ❗️👌🏻🔰You see the analysis of the Australian Dollar to New Zealand Dollar in four hours ( AUDNZD , 4H) ❗️🔎
🔰SELLAUDNZD at 1.08930
✅TP ; 1.07750 (+118 pips)
❌SL ; 1.09340 (-41 pips)
📊R/R ; 0.34 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰The price has started to fall from a supply area, then has broken the yellow uptrend line and pull back it. Sales in this area can be low risk. The target is placed at the cross of the demand range and the white upward trend line and orange support. .💰🧐
⚠️⚠️🔥Take a look at AUDNZD Analysis step by step on YouTube🔥⚠️⚠️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
⭕️SELL AUDNZD ; It's time to sell ❗️👌🏻🔰You see the analysis of the Australian Dollar to New Zealand Dollar in four hours ( AUDNZD , 4H) ❗️🔎
🔰SELLAUDNZD at 1.08930
✅TP ; 1.07750 (+118 pips)
❌SL ; 1.09340 (-41 pips)
📊R/R ; 0.34 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰The price has started to fall from a supply area, then has broken the yellow uptrend line and pull back it. Sales in this area can be low risk. The target is placed at the cross of the demand range and the white upward trend line and orange support. .💰🧐
⚠️⚠️🔥Take a look at AUDNZD Analysis step by step on YouTube🔥⚠️⚠️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
⭕️BUY NZDCAD ; Buy according to channel❗️❗️🔰You see the analysis of the New Zealand Dollar against the Canadian dollar in 1 hour ( NZDCAD , 1H) ❗️🔎
🔰BUY Limit NZDCAD at 85.650
✅TP ; 86.300
❌SL ; 85.350
🔰As is evident from the analysis, the price is located in a bearish channel, due to the confluence of the lower channel line (white line) and the demand range (purple range) around the price of 85.650 purchases in this region can seem low risk (although due to the strong downtrend that the pair has gone through over the past hours, there is also the possibility of breaking the down channel)❗️❗️
The target is also located at the cross of the downtrend line (white dotted point) and resistance line range (orange line). 👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
NZDUSD SIDE WAYS TRADE As the USD continue shooting up more we are seeing more of sells on other pairs with XXX/USD.
so this analysis shows that if price should break the uptrend and close it will retest the previous support and continue a long term bullish move to the up side, same will happen when price should close below the down trend, it will retest and we will have a big dip.
so for long term moves we will have to be patient and make all confirmations correct before any trade is executed.
80% waiting
10% SELL
10% BUY
NZDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 49 - Dec 01
M > Market has been bullish for past 3 months and price is now testing monthly resistance level. We can expect a correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish impulse.
W > Price has broken several key levels on its last weekly bullish rise in past 4 weeks. Neck of W will coincide with weekly resistance now will turn as support.
D > Market is in overbought state with bearish divergence continuing since last week.
As per COT NZD further added both Long and Short bringing Long to the highest for the year, ZXY has gained strength all of November, it is now testing a major resistance level. We can expect some correction to the downside.
4H > Price is retracing however no sign of reversal can be seen currently. We will wait for price to create a LL and its retracement will provide a Short entry with nice risk to reward ratio.
Pair Correlation > NZDUSD has a positive correlation with NZDJPY, NZDCHF, NZDCAD and GBPUSD and negative correlation with EURNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
NZDUSD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 27 Oct
M > Market is moving in a downward channel. Price broke out of channel to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again.
W > Price moved out of channel creating HH and HL, after rejection at resistance level price made an attempt to drop down but was unable to break support created by last HL, this also coincided with top of channel acting now as support.
D > Price moved up in a rising channel creating and respecting W and M formations. Price dropped out of channel and started moving upwards creating HH and HL in another channel. Price is now testing top of channel as resistance and we expect drop to the downside. We are aware that support created by top of monthly channel is now a big task for revalidation of our expectation from monthly chart. Hence we will set 3 bearish targets as off now.
1. Support of new channel
2. Daily demand zone
3. Top of monthly channel
As per COT NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week.
NZD has been gaining strength slowly since June 2020 hence price can continue to rise up to test monthly resistance again. For bearish move we must see addition of short positions and USD must gain some strength.
4H > We can see rejection wicks that price has made at top of channel on each occasion, price is currently continuing to make HH and HL and has reached top of channel testing it as resistance. We can see rejection wick and loss of momentum as initial sign for reversal. We will wait for reversal confirmation to take short.
Invalidation > In the event price breaks channel to the upside beyond a fake brake out and fails to reverse this analysis will get invalidated.
Pair Correlation > Pair has a positive correlation with NZDJPY and negative correlation with EURNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX