Hey Traders, in the coming week we are monitoring GBPNZD for a buying opportunity around 2.04300 zone, GBPNZD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2.04300 support and resistance zone. Trade safe, Joe.
NZDCAD is testing an important confluence zone: I spotted a perfect match between a horizontal key level and a falling trend line. For a confirmation, watch a double top pattern on 1H time frame. We need a breakout of its neckline as a trigger. Hourly candle close below 0.8356 will confirm a violation. A bearish continuation will be expected to 0.83 level...
Hey Traders, in the coming week we are monitoring NZDUSD for a buying opportunity around 0.62800 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 0.62800 support and resistance zone. Trade safe, Joe.
NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30) Broken out of the channel formation to the downside. Further downside is expected. 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 88.00 will confirm the bearish momentum....
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We have identified a potential buying opportunity in NZDCAD at 0.83991. The decision to enter a buy position is supported by the presence of a bull flag pattern on both the weekly and daily charts. This pattern suggests a potential continuation of the upward trend. To manage risk, we recommend setting a stop loss at 0.82988. This level is strategically chosen to...
my dear friends. In this chart you can see I am bearish on NZD. And that is true ! ;) All the details are marked. I'm open for any logical question. ======= Let me add this : If the "KEY" level get's Engulfed the chart is not valid anymore. so the stop loss of my opinion is touch of Key lvl.
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81950 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDCHF for a selling opportunity around 0.54600 zone, NZDCHF is trading in a downtrend and currently we are waiting for a correction to see a potential rejection from the trend at 0.54600 resistance area. Trade safe, Joe.
NZDCHF is testing a wide horizontal zone of demand. The price formed a double bottom pattern on that and currently retesting the broken neckline. I think that the pair may bounce from the underlined area. Goals: 0.5473 / 0.5485 ❤️Please, support my work with like, thank you!❤️
NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90) Broken out of the channel formation to the downside. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 86.75 will confirm the bearish momentum. Our profit targets will be 86.50 and 86.25 Resistance: 87.00...
Wed Jul 12 5:30am NZD Official Cash Rate 5.50% 5.50% NZD RBNZ Rate Statement PEPPERSTONE:NZDUSD
I see a perfect bullish convergence of 3 technical indicators. The technical outlooks is supported by a current fundamental sentiment and the fact that the pair is trading in a long-term bullish trend. I assume that the pair will keep growing. Target level - 2.0866 Please, support my work with like!
Hey Traders, in the coming week we are monitoring AUDNZD for a buying opportunity around 1.07500 zone, AUDNZD 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 1.07500 support zone. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring NZDcAD for a selling opportunity around 0.84 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.84 support and resistance zone. Trade safe, Joe.
AUDNZD crossed under the 1day MA50 this week for the first time since May 24th. That is the bearish leg from the Falling Resistance to the Rising Support in order to form the new Higher Low. The 1day RSI just entered the 4 month Support Zone, where the price Low was formed at the bottom of the Support Zone. This is still a good sell. Target 1.061500. Follow...
We're seeing price test a major overlap resistance along with a 38.2% Fibonacci retracement. A reversal from here could potentially see prices drop all the way down to our overlap support. In terms of potential stop loss levels, we're placing it slightly above te 50% Fibonacci retracement to give it a bit of breathing space. Please be advised that the...
I shorted EURNZD. It is a trend-following trade that is confirmed by a bearish breakout of key support. Entry - 1.755 Stop - 1.7633 Target - 1.742 Good luck, guys!