As we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel. We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal. I'm...
NZDUSD is rising towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.59284 Why we like it: There is an overlap resistance level Stop Loss: 0.59893 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 0.58575 Why we like it: There is a...
AUD/NZD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.09143 which is a pullback resistance level. Stop loss is at 1.09550 which is a level that sits above a pullback resistance level. Take profit is at 1.08455 which is an overlap support that aligns with the 23.6% Fibonacci level. High...
NZD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 87.930 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 88.770 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at...
NZDJPY is rising towards a pullback resistance and could potentially reverse from here to drop towards our take-profit target. Entry: 88.025 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 88.695 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.58584 which is a pullback resistance level. Stop loss is at 0.58950 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 0.57732 which is a swing-low support...
EUR/NZD is falling towards an overlap support and could potentially reverse off this level to bounce higher. Buy entry is at 1.80752 which is an overlap support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 1.80000 which is a level that sits under the 100.0% Fibonacci projection level. Take profit is at 1.82605 which is a swing-low...
NZDUSD is rising towards a pullback resistance and could potentially reverse from here to drop towards our take profit target. Entry: 0.58340 Why we like it: There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.58711 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement...
The Kiwi (NZDUSD) is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.58752 Why we like it: There is a pullback resistance level Stop Loss: 0.59331 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Take Profit: 0.58074 Why we like...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.58759 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 0.59150 which is a level that sits above the 38.2% Fibonacci retracement level. Take profit is at 0.58074 which...
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.59268 which is an overlap resistance level. Stop loss is at 0.59750 which is a level that sits above a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Take profit is at 0.58708 which is a pullback...
RESISTANCE @ 0.7350 SLO @ 0.7160 ⏳ TP4 @ 0.7060 TP3 @ 0.6720 TP2 @ 0.6500 TP1 @ 0.6180 BSO @ 0.5900 ⏳ BLO @ 0.5855 ⏳ SUPPORT @ 0.5655 After a +600 pips profit towards the downside, we are ready to rock towards the upside again.
NZDDUSD is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.59331 Why we like it: There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 0.59647 Why we like it: There is a pullback resistance that aligns close to the 50.0% Fibonacci level Take...
Since the end of August until now, we have seen multiple breakouts of both highs and lows, but the market has yet to establish a clear direction. We believe that there is intentional stop-loss hunting and positioning for a subsequent upward move. The positioning is not yet complete. Therefore, we expect a new downward wave. According to our strategy, the first...
NZD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.81641 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.81180 which is a level that sits under an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 0.82181...
EUR/NZD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.76832 which is an overlap resistance that is also bounded by the descending trendline. Stop loss is at 1.78285 which is a pullback resistance level. Take profit is at 1.75072 which is a swing-low support level. High Risk Investment...
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60114 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.59730 which is a level that sits below a pullback support and the 38.2% Fibonacci retracement level. Take profit is...
AUDNZD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.06891 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.07323 which is a level that aligns with the 38.2% Fibonacci retracement level and sits above a pullback resistance. Take...