Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6945). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6865). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.612). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Great Correlation between GBPNZD and EURNZD!! Price is expected to smash down once IT SUCCESSFULLY managed to break the IMPORTANT TRENDLINE and stay in the mini downwards trendline
The price's trapped in this Symmetrical Triangle and retesting for the third time the ascendind trendline. Let's wait for a breakout to execute this trade.
Always keep in mind it is a game of probabilities!!
NZDCAD is printing a descending triangle pattern.
The market is approaching pattern's trendline resistance.
Breakdown below the minor uptrend support could be a bearish signal ⬇️.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.061). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
NZDCAD brokeout above the downtrend resistance as expected from my previous analysis. The market is currently testing the pennant resistance. Rejection of the pennant resistance could be a bearish signal ⬇️. RSI bounce off could be a bearish confirmation 🔽. RSI is also printing a bearish divergence signal on the 4H timeframe.
Price is testing the ascending channel resistance and is printing a bearish flag pattern. Breakout below the flag support could be a bearish signal ⬇️. RSI is also printing a Bearish divergence signal. Breakout below the RSI triangular pattern could be a bearish confirmation 🔽.
Price is testing the ascending channel support. Breakout above the downtrend resistance + previous high could be a bullish signal ⬆️. RSI is also printing a bullish divergence signal. Breakout above the RSI downtrend resistance could be a bullish confirmation ⬆️.
Price brokeout above the downtrend resistance and is currently printing a rising WEDGE + RSI bearish divergence signal. Breakout below wedge support could lead to retest of downtrend resistance + key fibonacci retracement levels ⬇️.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.875). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7813). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.909). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDSGD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
EURNZD (Euro Vs New Zealand Dollar)
This is a pair I have had on watch since last week. I have identified a potential level of support in this market around 1 .779 . I will enter this trade, only if my rules of entry are fulfilled and if the market completes is Bearish to Bullish turn around and pushes price up-level towards our target profit level of 1.931 ....
