An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...
An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...
The GBPNZD pair has given us a wonderful buy signal last time we looked at it (January 26) as the analysis below shows, hitting our 2.000 target: The price is now on the 1D MA50 (blue trend-line) and is a critical level as its closing will decide the short-term trend. If this 1D candle closes below it, we will sell and target the 1D MA200 (orange trend-line)...
NZDJPY broke and closed above a huge horizontal zone of supply on a daily. The broken structure turned into a demand zone. I will expect a bullish continuation from that zone. Goals: 0.869 / 0.8765 ❤️Please, support my work with like, thank you!❤️
The AUDNZD pair got rejected on the 1D MA50 turning the 1D technicals bearish (RSI = 42.793, MACD = -0.002, ADX = 30.864) for the first time in a month. The price got also rejected on the 1D MA200 and the LH trendline on April 21st, which started the current bearish leg. This may give a rise to a Channel Down. We are short, targeting the HL trendline (TP =...
Hey Traders👋🏻 On The Daily Time Frame The NZDJPY Price Reached A Resistance Level (584.812-85.246) ! Currently, The Price Broke The Key Level (Resistance Level Becomes New Support Level) If Price Stays Above The Key Zone, NZDJPY Can Continue The Bullish Move 📈 ----------- TARGET: 86.848🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDJPY has been trading sideways inside a Rectangle pattern for a full year. Our TP = 86.300 is close to getting hit, the 1D technicals are naturally green (RSI = 65.478, MACD = 0.580, ADX = 24.917) since we are on a bullish wave but the price is approaching the Sell Zone of this pattern. That is the region between the 0.786 Fibonacci level (86.300) and the R1...
The AUDNZD pair has hit our previous target (see chart below) and is currently on a Triangle pattern: The break-out of this pattern will dictate the next trend. Right now the price is below the 1D MA50 (blue trend-line) so currently we have to give a slight edge to the bearish break-out. In that case, our target will be 1.04700 (December 16 2022 Low). If the...
GBPNZD is trading in a bullish trend. After the price set a new higher high on a daily, it retraced to a rising trend line. Approaching that, the pair formed an inverted h&s pattern on 1H time frame. Its neckline was broken then. I expect a bullish continuation. Goals: 2.1045 / 2.02 ❤️Please, support my work with like, thank you!❤️
Multiple time frames analysis for GBPNZD. Key levels, price action & trading plan. Potential scenarios & thoughts. ❤️Please, support my work with like, thank you!❤️
The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the Resistance Zone at 86.500. The 1W RSI is printing a pattern...
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 Traders👋🏻 The NZDUSD Price formed a Falling Wedge & Reached a Resistance Line ✔ Currently, The Price Broke This Resistance Line 📈 If Price Stays Above The Key Zone, NZDUSD Can Continue The Bullish Move 📈 ----- TARGET: 0.62915🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPNZD can start to grow again from the bottom of the ascending channel. 💡Reasons for GBPNZD growth:💡 A Hidden Divergence(HD+) between two successive valleys in the ascending channel. Buy signal in RSI indicator . Confirmation of the end of the movement by the StochRSI indicator . Hammer🔨 Candlestick Pattern formation at the bottom of...
Hello Traders👋🏻 The EURNZD Price Reached a Supply Zone (1.80695-1.82076) ✔ The Price Failed To Create New Higher High 📈 Currently, EURNZD is in Ascending Channel ✔ The Support Line is Broken 🔥 If Price Stays Under The Key Zone EURNZD Can Continue The Bearish Move 📉 ----- TARGET: 1.77490🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
NZDJPY broke and closed above a wide horizontal supply area. The broken structure turned into support. The closest historical resistance that I spotted is 85.22 level. That will be the next goal for buyers. ❤️Please, support my work with like, thank you!❤️
An extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in...
The NZDUSD pair is trading within a Channel Down pattern, having just broken below the 1D MA200 (orange trend-line). The short-term Resistance is the 1D MA50 (blue trend-line). The key here is the 0.60850 Support. As long as it holds, expect a rise back to the top of the Channel Down, with our target being at 0.63000. A closing below the 0.60850 Support, will be a...