My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0538
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0483
About Used Indicators:
On the subsequent day,...
Price is reacting off our buy entry which is a pullback support level at 87.951 . Our take profit is at 89.215, an overlap resistance level. Stop loss is at 87.548, which is a swing low support level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against...
Let’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone.
Now here's the exciting part – based on these patterns, I'm...
Hello Guys,
This pair has been on my radar for a long time now. Let's break down this pair.
On the monthly timeframe, a bearish CHOCH was formed and if you use your fib to measure the retracement, you will notice that the price has retraced more than the equilibrium price, meaning that GBPNZD is in a premium zone. This doesn't mean it would be wise to short the...
Short opportunity at Resistance Zone and Head & Shoulders Neckline Retest.
- Double top confirmation at 1h chart!
- 50 pips SL
- 30 pips Break-Even or TP1
- 70 pips TP
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.61500 zone, NZDUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.61500 support and resistance area.
Trade safe, Joe.
Hello friends. By the according the Chart of NZDCAD we see the origin trend is downtrend and I expect in this time frame we reach the goal in the show in the chart . be enjoying and profitable
Hey Traders, in today's trading session we are monitoring NZDCAD for a buying opportunity around 0.82350 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82350 support and resistance area.
Trade safe, Joe.
Hello,Traders!
NZD-CHF retested a horizontal
Resistance level of 0.5419
Then went down and broke
The rising support line so
We are now bearish biased
And I think that we will see
A further move down
Sell!
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hello traders.as you see in 4hr we can see the change of direction and this demand area.now after pullback to this zone, in smaller time we wait for confirmation to open our long position.
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Hey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.53500 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.53500 support and resistance area.
Trade safe, Joe.
NZDJPY - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Further upside is expected.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 89.50 will confirm the...
The recent price action on the GBPNZD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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My dear followers,
I analysed this chart on NZDCAD and concluded the following:
The market is trading on 0.8320 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8349
Safe Stop Loss - 0.8303
About Used Indicators:
A super-trend indicator is plotted on either above or...
Please, check our technical outlook for GBPNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.055.
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 NZDUSD pair hit the 0.60500 target (see chart below) we set on our most recent call (October 27):
As you can see, the price extended even higher to the top (Lower Highs trend-line) of the 12-month Channel Down where it has so far been rejected. This is technically the most optimal level to sell, as long as the trend-line holds of course. We are taking...
