AUDNZD Sell below the 1D MA200, buy above it.We will keep following a successful for us pattern on the AUDNZD pair, which two months ago helped us take a huge sell:
As you see on the chart above, as the price was failing to break the 1D MA50 (blue trend-line), it got strongly sold just below 1.05000. The past 3 weeks, the pair has been rallying back above the 1D MA50 and is approaching the 1D MA200 (orange trend-line).
Using the old 2021 fractal, we expect a pull-back to at least 1.06270 as long as the price fails on the 0.5 Fibonacci and 1D MA200 Resistance Zone. A closing above it though, would be a long-term buy, in which case a Bullish Cross on the 1W time-frame would confirm.
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Newzealanddollar
NZDJPY Clear break-out levels to trade.The NZDJPY pair has been trading below (closing 1D candles) the 1D MA200 (orange trend-line) for nearly a month (since December 20), being supported at the same time by a (dotted) Higher Lows trend-line that started on the May 12 Low. A 1D Death Cross may be potentially formed as the 1D MA50 (blue trend-line) is closing in on the 1D MA200, which adds more weight to the bearish side but we think it is best to trade this based on the clear break-out levels that this pattern (which we've been using with great results since last year) gives.
We are willing to buy for the short-term only upon a 1D candle close above the 1D MA200 and target the bottom of the Resistance Zone. Further break above the top of the Resistance Zone is a buy opportunity on the long-term and we will update upon potential targets then. Similarly, we are willing to sell only if a 1D candle closes below the 80.600 Support and target the top of the Higher Lows Zone (started on August 19 2021).
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AUDNZD: Bullish Outlook 🇦🇺🇳🇿
AUDNZD was testing 1.085 - 1.088 resistance since the beginning of January.
The price set multiple equal highs on that.
Yesterday, the market finally managed to violate the underlined area.
It will most likely push the market to new highs.
The next goal for buyers 1.099
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🥝 NZD/USD Ready For Declines? 🥝🥝 NZD/USD Ready For Declines?
🥝 Nearest strong support zone: around the cluster of two fibo levels 0.236 of the entire upward wave and 0.236 of the entire downward correction.
🥝 Nearest strong resistance zone: the 0.618 level of the entire downward correction.
🥝 Technical environment:
- Moving averages: Uptrened
- MACD: 50/50
- RSI: Uptrend
- Supertrend: Uptrend
🥝 Price action: NZD/USD Very quickly resumed to continue its medium-term downtrend just after the US CPI inflation data (6.5%). For a moment it broke through the 0.618 level but currently already turning back lower, it looks like today could be the beginning of a continuation of the downtrend. On most pairs with the dollar we can see a slow return of strength of the dollar, I am very curious to see how big the range of the downward wave will be. I set the target level near the 0.382 level of the entire upward wave.
🥝 The scenario I am playing out is the start of declines that will continue over the next few days. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥝 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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NZDCHF: Backtest of Spring with Hidden Bullish DivergenceThe NZDCHF on the High Timeframes is trying to confirm an old Support it originally lost, as new Support again while showing Hidden Bullish Divergence on the MACD and it looks like price will be Challenging a Supply Line very soon which it will probably break above.
💵Australian Dollar/New Zealand Dollar 💵Analyze (01/10/2023)!!!Australian Dollar/New Zealand Dollar was able to break the support zone, and we are watching a pullback to this zone.
I expect Australian Dollar/New Zealand Dollar will go down at least to the next support zone.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD ) Timeframe 1H⏰.
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🥝 NZD/USD Buyers' Strength 🥝🥝 NZD/USD Buyers' Strength.
🥝 Nearest strong support zone: the area around the last bottom of the downward correction.
🥝 Nearest strong resistance zone: around the last peak of the upward wave.
🥝 Technical environment:
- Moving averages: Uptrened
- MACD: Downtrend
- RSI: Uptrend
- Supertrend: Uptrend
🥝 Price action: NZD/USD nicely showed strength during the last session on Friday last week. It is apparent that the bulls are not letting up and the trend of a weakening dollar is still present in the market. The New Zealand dollar has plenty of space to rise from current price levels, looking at the size of the upward candle and the correlation with other major dollar pairs. My impression is that the first significant resistance will be around the recent highs. The most important question the market is asking at this point is "is this the end of the downward correction on this pair".
🥝 The scenario I am playing out is a continuation of the increases to the vicinity of the recent peaks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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💵Australian Dollar/New Zealand Dollar 💵Analyze (12/23/2022)!!!After the Australian Dollar/New Zealand Dollar was able to break out of its descending channel, it has taken an upward trend.
This upward trend can go up to the zones I marked in the chart.
Currently, the Australian Dollar/New Zealand Dollar has broken the resistance zone and pulled back and is growing towards my targets.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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EURNZD For the Upcoming DaysAfter setting Fib retracement here are the results:
- Fib retracement and Extension we can conclude the there is a hard area to break and the trend is more likely to end begin rallying down for a reversal.
- A major Resistance level is set on 1.69686 level and is so hard to break from the recent till down as shown the candlesticks have a bearish indicated wicks and a bearish pinbar candle was formed.
According to Tech Analysis:
- RSI still on 58 level
- MACD still needs time to indicate for a downtrend
Reminder: it may not be the right time to sell in the mean time, but just needs few days or maybe a week to show a 100% bearish confirmation and go short. That was a quick look for my idea about my idea. So bears, get ready.
NZDUSD Still bullish testing the 1D MA200.The NZDUSD pair has been on a tremendous rise since the October 13 Low. That was a Lower Lows on the long-term Bearish Megaphone pattern that goes back to the October 21 2021 High.
At the moment, the price hit (and so far holding) the 1D MA200 (orange trend-line) that hasn't been a Support since April and the last Lower High of the Megaphone. The 1D RSI has pulled-back to neutral levels but this is exactly what took place on March 14, when the price held the 1D MA50 (blue trend-line) as Support and rebounded to price the last High on the red Zone.
Technically, as long as the 1D MA50 is holding, we expect a High around 0.6600. A break below the 1D MA500 is bearish towards the 0.5600 - 0.55165 Support Zone.
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NZDCAD: Classic Bearish Reversal 🇳🇿🇨🇦
NZDCAD reached a key weekly structure last week.
The price formed a double top pattern on a daily and broke its neckline then this week.
Such a setup is a classic example of a bearish reversal.
I believe that the market will drop at least to 84.2
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NZDJPY: Bearish Continuation 🇳🇿🇯🇵
NZDJPY broke and closed below a major demand cluster:
83.8 - 85.0 area turned into resistance now.
I believe that the pair will keep falling.
Next goal for sellers - major rising trend line.
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NZDJPY , SHORT Resault: 400 pips✅According to the structure of the chart and the beautiful pullback to upward trend line we can get a short-selling position until the green range and reaching the target.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
InvestMate|EUR/NZD Strong Downward Wave💶💶EUR/NZD Strong Downward Wave
💶It has been a while since the last post on EUR/NZD
💶We ideally fell on the support zone set out in the previous post:
💶But very quickly the dynamic rise was just as quickly knocked down.
💶Looking at technical analysis indicators such as MACD, RSI and the fact that we are under the 200 period moving average confirms me in my conviction about the continuation of the downtrend.
💶The price has rebounded from the resistance zone defined by the 0.382 wave level from the April 2022 bottom to the October peak.
💶We have currently fallen to the 0.5 level of the same wave but I do not believe it will hold the price for much longer.
💶I have set a support zone around the 0.618 level of the same wave where the price has already made the upward turn discussed in this post once.
💶The scenario I am playing out is a continuation of the decline to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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💵Australian Dollar/New Zealand Dollar 💵Analyze (12/07/2022)!!!The Australian Dollar/New Zealand Dollar is running near the support zone and lower line of the main ascending channel.
Also, it seems the Australian Dollar/New Zealand Dollar completed the 5 impulsive waves.
I expect the Australian Dollar/New Zealand Dollar will grow up at least to the upper line of descending channel.
🔅Australian Dollar/New Zealand Dollar ( AUDNZD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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💵Swiss Franc/New Zealand Dollar 💵Analyze (12/15/2022)!!!The Swiss Franc/New Zealand Dollar completed the fifth wave after it managed to break the downtrend line and form a double-bottom pattern.
I expect the Swiss Franc/New Zealand Dollar will go up at least to resistance lines in the next days.
🔅Swiss Franc/New Zealand Dollar Analyze ( CHFNZD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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EUR-NZD Bearish Triangle! Sell!
Hello,Traders!
EUR-NZD is trading in a downtrend
And after pair formed a bearish triangle
Pattern It broke the horizontal support
So we are naturally bearish biased
And after the retest of the supply
Level is complete a further
Move down is to be expected
Sell!
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InvestMate|AUD/NZD Once Again!🦘🦘AUD/NZD once again!
🦘That's how I perfectly predicted the decline in the last post:
🦘The time has come to once again attack the decline to the vicinity of the support zone determined by the 0.786 level of the entire upward wave from the 2021 low to the 2022 peak.
🦘Every indication is that there will be a renewed attack on this zone.
🦘I do not even rule out a move lower.
🦘I determined the resistance zone based on the recent peaks.
🦘Looking at the MACD and RSI histogram, it is not hard not to get the impression that there will be a continuation of the declines.
🦘The scenario I am playing out is a decline to the vicinity of the support zone level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🦘*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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GBP/NZD Declines Ahead📉📉GBP/NZD Declines Ahead
📉GBP/NZD Finally started a decisive move southwards.
📉It coincides perfectly with my previous analysis in which I wrote about the declines in the Pound and the upcoming rises in the New Zealand Dollar
📉 Ahead is a strong support zone defined by a cluster of two fibo levels. The first is the 1.618 level of the entire recent upward correction. The second level is the 0.618 level of the entire upward wave from the bottom on 16.09.2022 to the peak on 17.10.2022
📉 If the downward movement continues expect the price to fall to around this support zone.
📉 Technical analysis indicators also confirm my perspective. Looking at the MACD histogram which indicates the continuation of the downward trend and the RSI which is well below the 50 level
📉The resistance zone has been set around the 0.618 level of the entire upward correction
📉 The scenario I'm playing out is a continuation of the declines to the vicinity of the support zone levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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EURNZD: Bearish Continuation
I spotted a classic trend following setup on EURNZD.
Trading in a bullish trend, the price formed a symmetrical triangle on 4H.
Its bearish breakout will most likely push the pair lower.
Goals: 1.6435 / 1.6395
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