The identification of a strong bearish impulse leg on the daily time frame which was followed by a retracement wave that appears to have culminated around 61.8-78.6% ( 1.68000 zone) is a signal that the risk of further decline in price is imminent. So, this video explains how I intend to take advantage of the bearish move if it happens. Risk Disclaimer: Margin...
EUR-NZD is trading in a local uptrend And the pair broke out of the bullish wedge After it retested the support cluster below Now, I am expecting a pullback for support areas at 1.650802 And then a move up towards the target above
- No high impact news for the New Zealand dollar today. Also, there is no high impact news for JPY. But New Zealand's employment data is due out on Wednesday. Most likely NZDJPY will FOLLOW the MARKET SENTIMENT this week. So pay attention to VIX, MARKET SENTIMENT. - NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will...
The EURNZD pair has been trading above the 1D MA50 (blue trend-line) since the April 25 rejection. The area within the 1.6365 Resistance and 1.5930 Support is a Neutral Zone and traders can take advantage of it by scalping for as long as the price remains within. A break above the 0.5 Fibonacci retracement level will be bullish towards the 0.618 Fib and the 0.786...
Despite a slight breakout of the bearish trendline identified on the 4H time frame; the appearance of a reversal structure in the form a double top pattern insinuates we might still be going down one more time before the buyers come in again. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high...
- There is no indicator news of any value for the New Zealand dollar today. Therefore, the New Zealand dollar is often driven by market sentiment. Also, there is no significant news for the euro today, and the LOW IMPACT NEWS EUR TRADE BALANCE DATA is about to be released. - NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK...
⛔️ There is no indicator news of any value for the New Zealand dollar today. Therefore, the New Zealand dollar is often driven by market sentiment. Also, there is no important news for the euro today, and some of the most important news will be released next week. ⛔️ NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. ...
- There is no indicator news of any value for the New Zealand dollar today. Therefore, the New Zealand dollar is often driven by market sentiment. This week the DATA BUILDING CONSENTS, ANZ business confidence, was released for the New Zealand dollar. BUILDING CONSENTS A very good DATA came. But BUSINESS CONFIDENCE DATA came with a very bad DATA. According to...
The appearance of multiple rejections at the 1.576 area coupled with a temporary breakout of the key level at 1.582 makes this zone a strong demand level. It is appropriate we remain patient as we look forward to a rejection of the key level for confirmation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
EURNZD is about to test the 1W MA50 (blue trend-line) as a Support for the first time since the mid January bullish break-out. Based on the 2016/2017 Cycle, which the pair seems to be replicating in remarkable fashion, if this level supports, we should see a strong 6 month rally. As this 1W chart shows, the two periods are so far pretty identical. In June - July...
I am not certain that the Euro is ready for Bullish bounce in the nearest future as a continuous rejection of Supply zone and Key level since the beginning of the month remains an emphatic sign of a Bearish bias. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand |Trendline Observation: i. Bearish Trendline: The visual...
The Bearish Impulse leg (see week chart) that began on the 20th of October 2020 might be calling for a correction move as we experienced a Breakout off NZD1.71500 in the latter part of last week trading session. Tendency: Uptrend ( Bullish ) Structure: Cup and Handle | Supply & Demand Observation: i. The last couple of weeks has experienced the...
As price continues to respect bearish Trendline, Price hits key level @ 1.73500 area once again with tendencies of repeating the Bearish run that started on the 10th of Nov. 2020. This level which is also within 61.8% retracement of the last impulse leg gives more substance to my bearish bias with a projection of 127.2% extension. Tendency: Downtrend (...
Pattern: Channel Down on 1D. Signal: Bearish as long as the Lower High trend-line works. Target: 1.7530 (Lower Lower trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent signal:
Pattern: Channel Up on 1W. Signal: Bearish as the price has been rejected on the Higher High trend line. Target: 1.7000 (projected contact with the 1W MA200, which has been supporting since 2017).
If you can see middle bollinger band works a support to the current candle in daily chart and there is support which is tested couple of time as well. RSI shows that once its touch the 50 level price move up accordingly. TP's and SL is up to you all depend on your account. Note: Trade at your own risk. Fundamentals are not involved in this analysis. Like and...
EURNZD is in bullish trend and its better to hold your trade short term or long term basis. Middle bollinger band giving good support to price to go up and MACD blue line is crossing the orange line soon. Note: Trade at your own risk. Like and comment us.