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...
4 Hour Technical Analysis - Price could test the previous low of 1.07587 where our demand zone is located. Before this happens, we could get a retest of the previous high. If that high doesn’t break, we could see our demand zone being reached.
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...
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...
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61200 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.61200 support and resistance zone. Trade safe, Joe.
Weekly Technical Analysis - Price could be testing the 1.04782 demand zone.
Daily Technical Analysis - Price could test the previous low of 1.07280 or lower towards the demand zone of 1.06871.
I see an old pattern I highlighted in the chart with a circle. I'm looking for something like this pattern and then breaking the trend line, and boom .. going down to the last low for TP1, and then we’ll see where the price wants to go and will follow. PS. Leave your comments and thoughts.
hi, eurnzd in an uptrend and continue its way. i leave some info to the chart. take a stoploss cy
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...
Fast intraday search through my watchlist. You can follow the price with candle confirmation or whatever strategy you have. None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price...
The AUDNZD pair is consolidating on the 1D MA50 (blue trend-line) for 4 straight 1D candles, having formed a 1D Golden Cross last week. Even though that is a technically bullish formation, as long as it doesn't break above the 1.093250 Symmetrical Resistance, a rejection seems more probable. As long as it holds, we will sell and target the Higher Lows trend-line...
A strong 2-day rally this week suggests AUD/NZD has printed its swing low at 1.07266. Whilst NZ inflation data was stronger than expected in Q2 and saw AUD/ZD pull back to 1.0800, we suspect it is still lower from the prior reads to allow the RBNZ to hold rates steady with an economy already in a recession. We therefore see today's retracement lower to 1.080 as...
NZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone: The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance...
⚠️ A countertrend trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the trend identified by P2P INDi Curve Analysis. countertrend trading can be a very profitable strategy, but it is also more risky than trend following. -SL @...
NZDUSD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. Risk/Reward would be poor to call a buy from current levels. A move through 0.6225 will confirm the bullish momentum. The measured move target is 0.6275. We look to Buy at 0.6180 (stop at 0.6145) Our profit targets will be 0.6255 and 0.6275 Resistance:...
Hey Traders, in today's trading session we are monitoring NZDUSD for a short term selling opportunity around 0.62300 zone, NZDUSD is trading in a downtrend and currently seems to be in a consolidation phase in which it is approaching the trend at 0.62300 support and resistance zone. Trade safe, Joe.
Price is doing a pullback to the resistance, and there's a cluster. I'm looking for an entering position in a short direction .. with confirmation in lower timeframes. PS. Leave your comments and thoughts.