EUR/NZD M30 Bearish Channel: Prepare for Potential Selling Opportunities The EUR/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward momentum and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As...
After a rally into 1.7935, the structure in the flow and the set-up has changed, and the sellers are starting to dominate. We’ve seen a daily close through the rising uptrend (drawn from the Jan lows), with a strong rejection of the 200-day MA. Fundamentally we’ve heard a more hawkish assessment today from the RBNZ chief economist Paul Conway that “non-tradeable...
In tomorrow's trading session, our focus is on EURNZD as we observe a potential buying opportunity around the 1.76600 zone. EURNZD is currently in an uptrend, and amidst a correction phase, the price is approaching the crucial support and resistance area at 1.76600. Traders should consider this as a potential entry point for long positions, given the prevailing...
Hey Traders, in the coning week we are monitoring NZDUSD for a buying opportunity around 0.60600 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 0.60600 support and resistance zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.07700 zone, AUDNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07700 support and resistance area. Trade safe, Joe.
A bearish triangle pattern has emerged on the NZD/JPY 30-minute chart, signaling a potential decline in the pair's value. Key Points: 1. Triangle Breakout Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. 2. Sell Entry...
Hello TradingView Family / Fellow Traders, On Daily: Left Chart NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following sell setups on lower timeframes. On H1: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low in gray. 📉 Meanwhile,...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.82300 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82300 support and resistance area. Trade safe, Joe.
NZDUSD - 24h expiry There is no clear indication that the downward move is coming to an end. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 0.6075 will confirm the bearish momentum. The measured move target is 0.6025. We look to Sell...
In today's trading session, our attention is on AUDNZD, with a keen interest in a buying opportunity around the 1.07900 zone. Having broken out of a downtrend, the pair is currently in a correction phase, edging closer to the retrace area at 1.07800 support and resistance. A potential target could be the monthly resistance at 1.08700. Now, delving into the...
In today's trading session, our focus is on GBPNZD, where we are eyeing a buying opportunity around the 2.08000 zone. GBPNZD is currently traversing an ascending channel and is in a correction phase, approaching the channel support at 2.08000. Adding a fundamental layer to our analysis, recent Consumer Price Index (CPI) data indicates a trend of softening...
#GBPNZD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPNZD. GBPNZD is will go high according to the HTF. The reason behind to this is that it is in the uptrend , Also we can see that if it comes to the mentioned level and then retest it and then give us any confirmation in the LTF...
If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
NZDUSD - 24h expiry Mixed but negative price action has resulted in consecutive, narrow-ranged, sideways trading days. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 0.6100 will confirm the bearish momentum. The measured move target is 0.6050. We look to Sell at 0.6125 (stop at 0.6149) Our profit...
#NZDUSD UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #NZDUSD. NZDUSD is in the consolidation phase right now. Here we cans see that we had two strong levels. One is major support and and other is the major resistance. If any breakout UP/DOWN then our target will be the...
In today's trading session, our attention turns to GBPNZD, where we are observing a potential buying opportunity around the 2.06900 zone. GBPNZD, currently in an uptrend, is navigating a correction phase, drawing closer to the trend at the 2.06900 support and resistance area. From a technical standpoint, the uptrend in GBPNZD suggests a positive bias in the...
Hey Traders, in today's trading session we are monitoring EURNZD for a buying opportunity around 1.77200 zone, EURNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.77200 support and resistance area. Trade safe, Joe.
NZDCHF is on a strong Support from 2020 may be a great long until 0.55. Longer TPs are possible targets too! But something is, we are in a strong support, regardless; Might counce back to: Weekly 200 EMA too!