GBP/NZD is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2.1033 which is a pullback support. Stop loss is at 2.0983 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 2.1106 which is a pullback resistance that aligns close to a...
Hello,Traders! GBP-NZD is making a rebound From the horizontal support Of the 2.1023 and as we are Bullish biased we will be Expecting a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
NZDUSD - 24h expiry Price action looks to be forming a bottom. Short term RSI has turned positive. A move through 0.5950 will confirm the bullish momentum. The measured move target is 0.5975. Pivot support is at 0.5875. We look to Buy at 0.5900 (stop at 0.5872) Our profit targets will be 0.5970 and 0.5985 Resistance: 0.5950 / 0.5970 / 0.5975 Support:...
GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity. Pattern Identification: The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern...
#NZDCAD Sell Idea ............................................................................
The price is rising into a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement; it could reverse from this level to our take profit target. Entry: 0.59405 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.59723 Why we like it: There is a pullback...
Hello traders! ‼️ This is my perspective on NZDJPY. Technical analysis: After price broke the structure, I expect to see bearish price action, so I look for a short if price makes a retracement to fill the imbalance higher and then rejects from FIBO 0.618 level. Fundamental news: Next week on Wednesday will be released quarterly CPI on NZD, news with high impact...
NZDCAD formed a head & shoulders pattern after a test of a recently broken horizontal structure support. I think that the pair may continue falling, after the release of Crude Oil Inventories data today. Initial target - 0.8115 ❤️Please, support my work with like, thank you!❤️
EURNZD - 24h expiry Short term bias has turned positive. Posted a Double Bottom formation. Offers ample risk/reward to buy at the market. Daily signals are bullish. Previous resistance at 1.7970 now becomes support. We look to Buy at 1.7975 (stop at 1.7939) Our profit targets will be 1.8065 and 1.8095 Resistance: 1.8000 / 1.8045 / 1.8090 Support: 1.7978...
GBPNZD H2 is showing a long position which is both likely and probable
Elliott Wave practitioners may find the current GBPNZD chart to be a textbook example of a potential SHORT opportunity. As the pair completes a corrective wave (b), reaching a common retracement level, we anticipate the initiation of an impulsive wave (c) to the downside. The climb of wave (b) to the 0.965 retracement suggests an impending reversal, with targets...
Price is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.54037 Why do we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.54366 Why we like it: There is a pullback...
Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.81639 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.81898 Why we like it: There is a pullback resistance level...
NZD/USD has just bounced off the buy entry, which is at an overlap support level, and could potentially rise to our take profit target. Entry: 0.58708 Why we like it: There is an overlap support level Stop loss: 0.58013 Why we like it: There is a pullback support level Take profit: 0.59462 Why we like it: There is an overlap resistance level which aligns with...
NZDUSD - 24h expiry Daily signals are bearish. Preferred trade is to sell into rallies. Our outlook is bearish. We look for a temporary move higher. 20 4hour EMA is at 0.5932. The lack of interest is a concern for bulls. We look to Sell at 0.5930 (stop at 0.5956) Our profit targets will be 0.5865 and 0.5850 Resistance: 0.5896 / 0.5920 / 0.5935 Support:...
✅NZD_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 91.36 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
MARKET PHASE GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the...