NZDUSD reached a key daily structure resistance. Approaching that, the price formed a tiny double top pattern on 1H time frame. Its neckline has just been broken. I expect a retracement from the underlined area. Goals: 0.6279 / 0.626 ❤️Please, support my work with like, thank you!❤️
Hello,Friends! NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 83.500 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Trade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.8500 Take Profit Level: 0.8405 Stop Loss: 0.8541 Risk/Reward: 2.3/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Nzd/Cad is showing a huge bearish leaning flag on the daily time frame Nzd/Cad is also in a channel and is getting rejected at a small break of the channel. The plan is to sell here....
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.63700 zone, NZDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.63700 weekly supply and demand zone. Trade safe, Joe.
NZDCHF weekly data is showing some immense accumulation at the current price range. Expect some generous price movement to the upside very soon. Net buying / accumulation on weekly data has started pouring in, and higher lows on histogram (weekly) has been created as well. One thing is for sure, the price shift to the upside will not be subdued. Spotted at...
NZDJPY is currently in an an ABC correction. We have seen wave A, which was a leading diagonal and now completing wave B. We want to catch wave C which is marked out by the arrow. Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 83.5 (350pips), 85 (500pips) Goodluck and as always, trade safe!
NZDJPY - 24h expiry - We look to Buy at 83.65 (stop at 83.25) Previous support located at 84.00. Previous resistance located at 84.25. There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 84.65 and 84.85 Resistance:...
NZDCAD is currently In wave B correction and approaching the 50 fibonacci alongside the channel support. We are expecting a bounce off the channel and then break of the red trendline for confirmation. Trade Idea: - Watch for bounce off fibonacci/channel - Confirmation on break of red trendline - Stops go below the lows after the breakout occurs - Targets: 0.86...
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade...
NZDCHF presents a slightly bullish scenario yesterday and today. Personally, I saw the price return to a supply zone where a false breakout was recorded. The objective is to look for a short position, we will see if the market creates a bearish scenario. Patience is the key. Let me know your thoughts. Good trading to everyone.
If resistance breaks place buy order and set given TP. Mangae your risk accordingly
Take a look at our analysis for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.850. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
NZDCHF is forming rising wedge pattern...shorts can be opened after confirmation with targets near 0.5400
With the trend being bullish. Currently the rebound from the cloud is certainly ian excellent entry point before we have the FOMC volatility in the forex market tomorrow. My target is at 2.0615 .
Looking for a slight retest and then a drop then a sprint to hell.
Hey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.300 zone, NZDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 84.300 support and resistance zone. Trade safe, Joe.
H4 - Bullish trend pattern. Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.