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Newzealanddollar

AUDNZD: Turning into a sell as it approached the Channel's top.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 Up (TP = 1.062500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
14
NZDUSD Conditions for a buyNZDUSD 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 both cases. Tips: 1. The MACD (1d) has produced excellent Buy Signals after a Buy Cross under 0.00. It is the ideal confirmation for a lower risk entry. Please like, follow and comment!!
Long
by TradingBrokersView
14
NZDJPY: starting the final sell wave of the Head and Shoulders.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, we can't ignore the possibility of a fake Head and Shoulders formation, so the level which invalidates this is the LS overhead Resistance at 85.940. Under this, we will target the 0.236 Fibonacci level (TP = 81.550), which is a standard target for the price after rejections on the R1 Zone since April 2022. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDUSD Buy signal within the Channel Down confirmedThe NZDUSD pair hit our upside target (see chart below) on our last analysis more than a month ago and then started to pull-back: That pull-back was the bearish leg of the long-term Channel Down, which has so far been the dominant pattern of 2023. Today is the 2nd straight green 1D candle since the price came close to the bottom of the Channel Down so the R/R is favorable in buying for the medium-term and targeting the top of the pattern at 0.62750. The 1D RSI almost getting oversold is an additional buy signal, though last time it required a Double Bottom (March 09), which was a slightly Lower Low before the bottom was priced. But still the R/R is low on that trade. A closing below the Channel Down however would invalidate this trade and instead we will sell aggressively targeting Support 2 at 0.57415. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
NZDUSD: Strong buy signal approaching inside the Channel DownNZDUSD is trading inside a Channel Down, currently under both the 1D MA50 and 1D MA200 but approaching the bottom of the pattern. The 1D timeframe is technically bearish (RSI = 35.132, MACD = -0.002, ADX = 37.676) but when the RSI hit the bottom of the five month Rectangle it has been a buy signal. Similarly with the top being a sell signal. Those RSI tops and bottoms match perfectly the Highs and Lows of the Channel Down. We are starting to add small portions of buy now, targeting the top of the Channel Down (TP = 0.62800). If we get a 1D candle close over the Channel Down, we will enter a buy again targeting R2 (TP = 0.65400). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
GBPNZD: Rebound on the 1D MA50 bullish unless Megaphone breaks.GBPNZD is rebounding on the 1D MA50, at the bottom of the thee month Rising Megaphone pattern. That is a bullish signal, which is further empowered by the neutral 1D technicals (RSI = 53.906, MACD = 0.003, ADX = 31.776) and the fact that the 0.382 Fibonacci level is holding. As long as the price trades inside the Megaphone, we will be long, targeting the 2.0 Fibonacci (TP = 2.09500). If it closes under the Megaphone, we will book the loss and sell in reverse, targeting the 0.618 Fibonacci retracement and 1D MA200 (TP = 1.94500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1