NZDCHF is showing us a nice clear FLAT correction = 3-3-5. We've completed waves A and B. We are now in Wave C. We are still at the very start of this massive move so an entry here would require a relatively small SL! Trade Idea: - Enter with stops below the lows - Target: 0.578 (300pips), 0.6 (500pips) Goodluck and as always, trade safe!
SHOUT TO @Casey_Louis SUGGESTING THIS TRADE SLO @ 1.8045 ⏳ SSO @ 1.7925 ⏳ TP1 @ 1.7600 (shaving 25%) TP2 @ 1.7333 (shaving 25%) TP3 @ 1.7100 (shaving 25%) TP4 @ 1.6600 (shaving 25%) TP5 @ 1.6125 (close ALL Sell Orders) BLO @ 1.6010 ⏳
For EURNZD there is much more upside potential in the long run. However, after the recent rally, a pullback would be quite healthy. The price should be aiming for the 61.8% Fibonacci retracement area, before/if the uptrend continues.
Hey Traders, in today's trading session we are monitoring NZDCHF for a selling opportunity around 0.55000 zone, NZDCHF is trading in a downtrend and now sees to be in a correction phase in which it is approaching the major trend at 0.55 psychological level. Moreover we have a bear flag that have formed on smaller timeframe that should confirm further downsides. We...
As mentioned a break up on this pair would see more upside...lets trade with this likely new trend upwards. :) **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you...
NZDJPY - 24h expiry - We look to Sell at 83.00 (stop at 83.40) Previous support located at 82.25. Previous resistance located at 82.75. Broken out of the triangle formation to the downside. We look for a re-test of the upward trending resistance. A move through 82.50 will confirm the bearish momentum. Our profit targets will be 82.00 and 81.80...
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.616 zone, NZDUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.616 zone, we would also consider potential USD longs ahead of the coming Fomc as the market is expecting further rate hikes with the...
LOB entry on GBPNZD 15 Mins for a Short position. SL Above the Asian session.
The NZDUSD pair is trading within a Channel Down pattern, having just broken below the 1D MA200 (orange trend-line). The short-term Resistance is the 1D MA50 (blue trend-line). The key here is the 0.60850 Support. As long as it holds, expect a rise back to the top of the Channel Down, with our target being at 0.63000. A closing below the 0.60850 Support, will be a...
The AUDNZD traded higher to the top of the bullish channel at the 1.0920 price level, due to the overnight strength of the AUDUSD. As the AUDUSD retraces, this could lead to a brief reversal on the AUDNZD. Look for the AUDNZD to retest the 1.0890 price level before a continuation to the upside. However, if the price breaks below the 1.0890 support level, the...
A soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist. The cross...
NZDJPY - 24h expiry - We look to Sell a break of 82.75 (stop at 83.15) Previous support located at 82.75. Previous resistance located at 83.25. Broken out of the triangle formation to the downside. A break of yesterdays low would confirm bearish momentum. A move through 82.75 will confirm the bearish momentum. Our profit targets will be 81.75 and 81.50...
The NZDUSD pair is under the 1D MA50, in marginally bearish 1D technicals (RSI = 44.978, MACD = -0.001, ADX = 16.625) but over the 1D MA200 and with S1 just below it. However the long term pattern emerges as an Inverse Head and Shoulders, a technically bullish formation that shapes market bottoms. Consequently, this is a buy opportunity for us targeting R1 (TP =...
Hey Traders, The AUDNZD i s currently in a pickle, the price could do a fakey (grappling liquidity from buyer's entry and sellers stop loss before making a a full bearish continuation. Or, It could start a new bullish momentum to retesting the Daily supply area. Hers is the pair you can anticipate for then wait for proper entry. Good luck.
EURNZD - 24h expiry - Intraday dips continue to attract buyers and there is no clear indication that this trading sequence is ending. Our short-term bias remains positive. We look to buy dips. 50 4-hour EMA is at 1.7623. Bespoke support is located at 1.7640. We look to Buy at 1.7645 (stop at 1.7595) Our profit targets will be 1.7765 and 1.7785...
The AUDNZD continues to trade higher as price respects the uptrend and maintains within the upward channel. Most recently the price bounced strongly from the horizontal support level of 1.0810 and the bottom of the channel to trade up to the 1.0890 resistance level following the release of the NZ CPI q/q data at 1.2% (Forecast: 1.5% Previous 1.4%). A slowdown...
NZDUSD - 24h expiry - We look to Sell at 0.6240 (stop at 0.6265) Previous support located at 0.6200. Previous resistance located at 0.6220. 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. Our profit targets will be...
NZDUSD still looks like it would rather Break Bullishly out of this Range than Bearishly and right now it has Bullishly Engulfed on the Daily and has Continued to Build it's MACD Hidden Bullish Divergence; if we could gather enough energy to rally up to and break the Bullish Dragon Trigger Line, I not only think it would make the 0.886 retrace of the range but i...