The Kiwi (NZD/USD) could rise towards a swing-high resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.62065 Why we like it: There is a swing-high resistance level Stop Loss: 0.62700 Why we like it: There is a pullback resistance that sits above the 127.2% Fibonacci extension level Take Profit: 0.61355 Why we like...
The Kiwi (NZD/USD) is falling towards a potential breakout level and could drop lower from here. Sell entry is at 0.60819 which is a potential breakout level. Stop loss is at 0.61220 which is a level that sits above a pullback resistance. Take profit is at 0.60523 which is a multi-swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin...
NZD/JPY has broken below a potential breakout level and could drop lower from here. Sell entry is at 91.126 which is a potential breakout level (wait for the current 1-hour candle to close below 91.126 for confirmation of the bearish breakout). Stop loss is at 91.450 which is a level that sits above a pullback resistance. Take profit is at 90.605 which is a...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.61071 Why we like it: There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.61364 Why we like it: There is a pullback resistance that sits above the 38.2% Fibonacci...
Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance *********** 2024 – 03 – 04 NZDUSD short DXY positioning indicating continuation short, and...
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.61212 which is an overlap resistance. Stop loss is at 0.61600 which is a level that sits above an overlap resistance and the 50.0% Fibonacci retracement. Take profit is at 0.60819 which is a pullback support. High Risk...
Big news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result. I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.
NZD/JPY is falling towards a potential breakout level and could drop lower from here. Sell entry is at 92.699 which is a potential breakout level. Stop loss is at 93.100 which is a level that sits above an overlap resistance. Take profit is at 92.369 which is a pullback support that lies above the 50.0% Fibonacci retracement level. High Risk Investment...
Price mitigated a Daily FVG, and is showing strong bearish reaction to it. Expecting more shorts.
NZDUSD's break of the downward trendline, formation of a double bottom, and recent close above 0.61738 suggest a high probability of a rally toward 0.63000. Anticipate a pullback amid current selling pressure before the upward surge. N.B! - NZDUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions...
EUR/NZD could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1.74501 which is a pullback support. Stop loss is at 1.74000 which is a level that sits underneath the 127.2% Fibonacci extension level. Take profit is at 1.75219 which is a pullback resistance that lies underneath the 38.2% Fibonacci retracement...
NZD/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 92.989 Why we like it: There is an overlap support level Stop Loss: 92.646 Why we like it: There is a pullback support level Take Profit: 93.358 Why we like it: There is a pullback resistance level Please be advised that the...
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.62020 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 0.62616 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.61554 Why we like it: There is a pullback resistance level Stop Loss: 0.61856 Why we like it: There is a pullback resistance that lies above the 38.2% Fibonacci retracement level Take Profit: 0.60923 Why we...
The price may potentially begin to exhibit bearish signals as it enters the (OB) zone. Alternatively, we could await the mitigation of a Daily Fair Value Gap (FVG) and the emergence of short opportunities.
The price has shown some strength to the upside, which is aligned with an estimated pullback to mitigate a 4-hour OB. Currently, we have good confluences, so we can aim to expect the price retracting to the OTE, which also has liquidity resting above and a beautiful OB at the same price.
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.60825 Why we like it: There is a pullback resistance level Stop Loss: 0.61221 Why we like it: There is an overlap resistance that lies above the 61.8% Fibonacci retracement level Take Profit: 0.60382 Why we...