The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 0.6086 1st Support: 0.6037 1st Resistance: 0.6167 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
Hey Traders, in tomorrow's trading session we are monitoring AUDNZD for a selling opportunity around 1.08300 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08300 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83600 support and resistance area. Trade safe, Joe.
EURNZD has broken its down trend and has retested the trendline. A buy entry can be taken with the intent of the EN to make a new HH.
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61400 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61400 support and resistance area. Trade safe, Joe.
NZD/USD is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci projection and could potentially bounce from this level to our take profit. Entry: 0.6178 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection. Stop loss: 0.6158 Why we like it: There is an overlap support level which...
The Kiwi (NZD/USD) is falling towards a support level which has been identified as a pullback support and could potentially bounce to the 1st resistance. Pivot: 0.6174 1st Support: 0.6156 1st Resistance: 0.6209 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
EURNZD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 1.7597. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7598 (stop at 1.7648) Our profit...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76100 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76100 support and resistance area. Trade safe, Joe.
EURNZD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 50 4hour EMA is at 1.7683. We look for a temporary move higher. The sequence for trading is lower lows and highs. We look to Sell at 1.7683 (stop at 1.7733) Our profit...
Hey Traders, in today's trading session we are monitoring AUDNZD for a selling opportunity around 1.08700 zone, AUDNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08700 support and resistance area. Trade safe, Joe.
The AUDNZD pair is currently consolidating exactly on the 1D MA200 (orange trend-line) following the May 07 rejection near Resistance 1, which resulted in a strong sell-off. We expect this sell-off to extend at least as low as the 0.618 Fibonacci retracement level (blue) and then rebound towards the Symmetrical Resistance Zone, approximately on the upward 0.618...
Price is falling towards a support level which is a pullback support that lines up with the 100% Fibonacci projection and could potentially bounce from this level to our take profit. Entry: 2.06739 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. Stop loss: 2.06069 Why we like it: There is a pullback support...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.76900 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.76900 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.83600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.83600 support and resistance area. Trade safe, Joe.
The NZDJPY pair is trading on the 4th straight green 1W candle and is approaching the top (Higher Highs trend-line) of the Channel Up pattern that started on November 2020. Even though it may extend to a +9.30% rise (the smallest long-term it had within the pattern), selling now offers excellent Risk/ Reward conditions. Our target is 92.000 (Higher Lows...
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
EURNZD is forming a Descending triangle pattern on the 4Hr with a bullish divergence. Upon the breakout and restest of the trendline we can take a long trade.