NZDUSD is trading inside a Channel Down for the whole year and today completed a 1day MACD Bullish Cross. A cross over the 1W MA50 is the final validation of this buy structure. Buy and target at least the 0.618 Fibonacci level at 0.62325. Follow us, like the idea and leave a comment below!!
EURNZD - Intraday Daily signals are bullish. Bespoke support is located at 1.7600. A Morning Doji Star formation has been posted at the low. The bullish engulfing candle on the daily chart is positive for sentiment. We look to buy dips. We look to Buy at 1.7575 (stop at 1.7525) Our profit targets will be 1.7695 and 1.7725 Resistance: 1.7705 / 1.7736 /...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61150 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching an important supply area of 0.61150 zone, i would also keep an eye on the stock market to confirm the bias as NZDUSD does correlate in a positive way with...
NZDJPY - 24h expiry - We look to Buy at 84.50 (stop at 84.05) Previous support located at 84.41. Previous resistance located at 85.00. Price action looks to be forming a bottom. Further upside is expected. Dips continue to attract buyers. Our profit targets will be 85.60 and 85.80 Resistance: 85.00 / 85.41 / 85.86 Support: 84.50 / 84.25 / 83.50 Risk...
After price broke higher timeframe structure to the upside, it retraced back down and retested the demand zone it left behind in the process. Price preceded to break structure on the 4h timeframe, giving us a change of character to the upside which could be an indication of the initial move of the expansion upwards. Price has now formed liquidity above a demand...
NZDUSD - 24h Previous support located at 0.6050. Previous resistance located at 0.6100. Price continues to trade within the triangle formation. Risk/Reward would be poor to call a buy from current levels. A move through 0.6100 will confirm the bullish momentum. We look to Buy at 0.6040 (stop at 0.6016) Our profit targets will be 0.6100 and 0.6115...
Hi again! Cool - it's time to share the second chart I've my eyes on as well for the upcoming 48 hours! It is of course AUD/NZD (again) but this time for a potential short play! Overall, our criteria points are met, and they are rather simple so that is nice. However, we've some additional things that I like! And, that is the fact that this pair is getting...
AUDNZD is on a very aggressive short-term rally following the 1.05600 Low, turning overbought on its 1D technicals (RSI = 73.113, MACD = 0.006, ADX = 40.707). As the price approached R1 (1.108900), it is gradually turning into a sell opportunity, with the Channel Up Top being just over. Consequently, we turn bearish ourselves, targeting the bottom of the Channel...
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81650 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.81650 support and resistance zone. Trade safe, Joe.
We're looking at NZDUSD on the D1 timeframe today. There's a fair bit of resistance at the 0.6080 area where we're seeing an overlap resistance, 23.6% Fibonacci retracement and a 100% Fibonacci projection. It's worth noting that we're also seeing a long term bearish trend line suggesting that there's good bearish momentum pushing prices lower. A reversal from...
NZDUSD is trading inside a Channel Down since February 2nd and the price is now near its bottom. There is the possibility for one last Low around 0.59450 but we have clear indicators that can call the buy entry. Trading Plan: 1. Buy if the price closes over the MA50 (4H). 2. Buy when the MACD (1d) completes a Buy Cross. Targets: 1. 0.62150 (Fibonacci 0.618) in...
NZDJPY is on neutral 1D technicals (RSI = 50.536, MACD = 0.110, ADX = 26.358) as the price is consolidating after a rebound on the 1D MA50. The rejection on the R1 Zone, is technically the Head of the Head and Shoulders pattern, a bearish formation seen on market peaks. This rebound is forming the Right Shoulder. With the 1D RSI on Higher Lows for the whole year,...
Hey Traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.08300 zone, AUDNZD is trading in an uptrend and currently seems to break out an important resistance area so in today's session we are watching a potential retrace of the break out towards more highs. Trade safe, Joe.
AUDNZD W Formation has formed over the last month. The price has broken above the Neckline, showing strong upside to come. We have other indicators confirming this. 7>21 - Bullish RSI>50 Target 1.14000 SMC - Sell Side LIquidity Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter...
NZDUSD - 24h expiry - We look to Buy a break of 0.6100 (stop at 0.6064) Previous support located at 0.6050. Previous resistance located at 0.6100. A bullish reverse Head and Shoulders is forming. A move through 0.6100 will confirm the bullish momentum. The RSI is trending higher. Our profit targets will be 0.6190 and 0.6215 Resistance: 0.6100 / 0.6150 /...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
Pair Name: AUD/NZD Time Frame: 4hrs Chart Direction: short Comment: 📢 Market Update 📉💰 📊 It appears that we could witness a bearish price movement based on the current technical analysis. The price has successfully filled the existing imbalance and encountered resistance at the prominent level of 1.09000. My target is to exploit the significant downward...
Hey traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.81700 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.81700 support and resistance zone. Trade safe, Joe.