In the daily time frame, we see the formation of hidden divergence. With the formation of the candle on Friday, you can go with the price up to 1.7820 and 1.7900 targets
The pair is already in a strong downtrend on higher time frames. We are expecting further weakness which is signalled by the breakout of the rising wedge pattern. We can also see the formation of a new low and a breakout of a key level which further supports our directional basis
The pair is already in a strong downtrend on higher time frames. We are expecting further weakness which is signalled by the breakout of the rising wedge pattern. We can also see the formation of a new low and a breakout of a key level which further supports our directional basis.
Analysis: Strong upwards trend (bullish bias) Retest of a key level (bullish bias) 50% fib retracement touch (bullish bias) Upwards trendline touch (bullish bias) EUR strongest major currency (bullish bias) NZD 5th strongest major currency (bullish bias) 40K long position increase for the EUR (bullish bias) 2K short positions increase for the NZD...
Analysis: Bearish Confluences In a downwards trend Retest of a key level Fakeout of downwards trendline 1K long position increase for the JPY 12K short position decrease for the JPY Bullish Confluences NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency 3K short position decrease for the NZD Stay Safe -...
Analysis: Bullish Confluences In an upwards trend Retest of a key level 50% fib retracement touch Upwards trendline touch GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency 25K short position decrease for the GBP Bearish Confluences 30K long position decrease for the GBP 3K short position decrease for the...
Analysis: Taking a look at the charts we can see that price looks slightly choppy and like we're stuck in a range, however a trade has setup that is in accordance to our plan so we're taking it. Although price is in a range we can see that price is still heading to the upside slightly. We also have an upwards trendline which confirms that we are actually in an...
Analysis: As we can see from the charts price is clearly in a downwards trend signalling to us that we want to only be shorting this pair to go with the trend. We can confirm that price is in a downwards trend by the fact that we're forming lower highs and lower lows and the fact that we have a downwards trendline which has been respected multiple times. Price...
Analysis: This is another setup that to us looks highly probable. Firstly price has been in this long term upwards trend, although recently we did see this trend break, however that was a fake out, and price has now continued the upwards trend so know this we're only looking to go long on this pair. The level where price is currently sat at is also a key level...
Analysis: Firstly just by looking at the charts we're able to tell that price is in a downwards trend. We've seen a series of lower lows and lower highs being formed confirming that we are in this downwards trend. We're now approaching a key level that has held as support and resistance multiple times so we expect this to happen again this time around. To add...
First of happy Thursday, Blessing to all and family. This is long term sell, still no confirmation of a entry. Markets love to play and pump fake, this for patience and understanding. Due to counter trend line breakage, sign of an entry. Yes, it was a short term buy, until sellers came into market. Trade what you can afford and don't be afraid to lose, despite of...
-Strong bull trend bars -False breakout on support level -Strong comeback to range -First target resistance range -Second target next reference point -Stop loss below support zone 1st r/r 2.38 inlduding spread 2nd r/r 5.42 including spread
NZDUSD - 24h expiry Previous support located at 0.6300. Previous resistance located at 0.6325 There is no indication that the selloff is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.6325 (stop at 0.6355) Our profit targets will be 0.6255 and 0.6250 Resistance: 0.6325 /...
NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6265) Previous support located at 0.6200. Previous resistance located at 0.6220. Further downside is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be...
NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6270) Previous support located at 0.6200. Previous resistance located at 0.6225. The trend of higher intraday lows has also been broken. Risk/Reward would be poor to call a sell from current levels. Further downside is expected. Our profit targets will be 0.6175 and 0.6150 Resistance: 0.6225 /...
Hi, Little while since my last fx post! Here we see NZDCAD has followed an up trend from the 28th of Feb until the 20th March. We can see this as it has continually formed higher highs and higher lows through "Channel A" I have been trading on these areas, however when a new lower low formed, this signalled that the uptrend had run its course. The new lower...
We are buying JPY and so are looking for good candidates. NZDJPY looked like a pair with good opportunity this morning so we have added this to our list with some exposure in this market this week. Checkout our NZDCHF trade idea too. Subscriptions to this channel for latest updates on this and other trade ideas