NZDJPY is trading inside a Channel Down with the price rising after a bottom check in the past 20 days. The 1D technical outlook is neutral (RSI = 53.482, MACD = -0.002, ADX = 31.647) meaning that if this is a bullish reversal inside the Channel, there is still time to enter. The trigger signal will be a cross over the 1D MA50, that will be our entry and our exit...
Hey Traders, in this week we are monitoring NZDCHF for a long term selling opportunity around 0.55900 zone, NZDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55900 support and resistance area. Trade safe, Joe.
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Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
It has been a month exactly since we made this break-out signal on the NZDJPY pair: The price has made a successful rebound at the bottom (Higher Lows trend-line) of the Bullish Megaphone pattern. As mentioned our buy break-out signal was when the pair closed a 1D candle above the Lower Highs trend-line. That coincided with a closing above the 1D MA50 (blue...
EN is by far the most simple setup we have here on this Sunday markup, a clear break of SWL structure giving us a bearish setup with good confluence, the C-Swing POI played us higher at the end of Fridays session so we should be able to grab the highs created by this move as we come into Sunday/Monday sessions, sells from our swing POI would be ideal as we always...
Hey Traders, in tomorrow's trading session we are monitoring NZDCAD for a selling opportunity around 0.80700 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80700 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.59600 zone, Currently we are waiting for a breakout and dips below the 0.59500 support area to see a potential retrace of the trend towards more lows. Trade safe, Joe.
The price can retrace up to Fibonacci 61.8% before sustaining a break above the downtrend channel without consolidation. Especially, the expectation of a rise below strengthens the AUD as a fundamental economic indicator. If the expected interest rate decision does not come out of the FED meeting as anticipated, and a somewhat moderate text is published, we may...
The price is approaching the rising channel line, and at the same time, the Fibonacci 23.6% level intersects with the channel line. On the H1 and H4 charts, the 21-period RSI is in the overbought zone. There is a high probability of the price encountering resistance to the upside from the intersection of the channel bottom and the Fibonacci 23.6%. This is...
NZDJPY reached a key daily horizontal support. The price nicely respected that and formed a double bottom pattern on an hourly time frame. I anticipate a pullback from the underlined area at least to 0.88 ❤️Please, support my work with like, thank you!❤️
We can see that GBPNZD has broken below the mid-point of the rising channel. Looking for sells going into the BoE rate decision this week, with NZD generally strengthening and GBP generally weakening. Depending on what happens on Thursday we we'll see either a break of a bounce off this point. I'm targeting 2.072 initially, where I see confluence of the rising...
Sell EURNZD Bearish Channel EURNZD - M30 Chart - Channel Formation, Its good chance to sell today. Thank you. FX:EURNZD
AUDNZD is retesting a recently broken horizontal resitance. The price formed a double bottom pattern on that on an hourly time frame. Its neckline has just been broken. I believe that it is a good moment to buy the pair now. Goal - 1.0914 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today’s trading session we are monitoring NZDCAD for a selling opportunity around 0.80200 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.80200 support and resistance area. Trade safe, Joe.
Initiating a Sell on NZDUSD. My target is set to .58650. NZDUSD has been a sellers market as of late. Trading with the trend, while anticipating set ups with my strategy. Stay Tuned.
Hey Traders, in today’s trading session we are monitoring NZDUSD for a selling opportunity around 0.59300 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59300 support and resistance area. Trade safe, Joe.