Newzealanddollar
NZDUSD: Classic Range Trading 🇳🇿🇺🇸
NZDUSD is trading within a wide intraday horizontal range.
After the test of its support, the price bounced and violated a resistance line
of a falling wedge pattern.
To me, it is an important bullish signal.
We may expect a bullish movement to the resistance of the range now.
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🚨CADNZD is Ready to Fall ➖5%🚨✅ CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD )🟢, SMA(200) , Yearly Pivot Point(1.202 NZD) , and the Support line .
💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum.
🔔I expect CADNZD to continue its downward trend in the coming weeks and drop to at least 1.152 NZD.
Canadian Dollar/New Zealand Dollar Analysis (CADNZD), Daily time frame⏰.
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EURNZD - Bearish Scenario 📉Hello Traders !
Previously, The EURNZD Price Formed a Bearish Double Top Pattern.
Currently, The Price Reached a Support Level
The Support Line is Broken !
So Let's Expect The Bearish Scenario:
If The Price Breaks The Support Level and Closes Below That,
I Will Sell on Retest...
TARGET: 1.72600🎯
NZDCAD: Bullish Trend Continues 🇳🇿🇨🇦
NZDCAD is trading in a strong bullish trend.
The price set a new local higher high higher close on a daily yesterday,
violating a strong resistance cluster.
We may anticipate a further growth on the pair.
Next goal for buyers - 0.842
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NZDUSD is Ready to Fall⏰(4-Hour)⏰🏃 NZDUSD is moving in the 🔴 Resistance zone($0.6110-$0.6050) 🔴 and 🟡Price Reversal Zone(PRZ)🟡 .
🌊In terms of Elliott wave theory , NZDUSD seems to be completing a Zigzag correction(5-3-5/ABC) so that the main wave C structure is Ending Diagonal .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect NZDUSD to Fall to at least the 🟢 Support zone($0.6021-$0.5985) 🟢 after breaking the lower line of the Ending Diagonal.
New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), 4-hour Time frame ⏰.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NZDCAD - Bullish Falling Wedge 📈Hi Traders !
On The Daily Time Frame, The NZDCAD Price Broke a Strong Resistance Level (0.82018 - 0.82600).
This Resistance Level Becomes a New Support Level.
Moreover,
-The Price Formed a Falling Wedge Pattern.
-The Resistance Line is Broken.
So, I Expect a Bullish Move.
I'm Waiting For Retest...
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TARGET: 0.83950🎯
NZDUSD - Bullish Inverted Head and Shoulders 📈Hello Traders !
On The Daily Time Frame, The NZDUSD Price Reached a Strong Support Level (0.58138 - 0.57406)
The Price Formed an Inverted Head and Shoulders Pattern.
Currently,
The Neckline is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
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TARGET: 0.61030🎯
GBPNZD Sell every Channel Down top.The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and target the 1D MA200.
If the price closes a 1D candle below the 1D MA200, we have to start considering a long-term shift to a bearish trend and sell after the first rebound to the 1D MA50, while a closing above th 0.618 Fibonacci level will be bullish, targeting the 2.1500 High.
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AUDNZD Sell opportunityThe AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26:
The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is the 4th rejection on the 1.093250 Symmetrical Resistance. The 1D MACD Bearish Cross simply confirmed the continuation. We are selling this and target 1.06500.
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NZDCHF - Bullish Falling Wedge 📈
As We Talked in The Previous Analysis:
-The NZDCHF Price Reached A Support Level (0.51902 - 0.52084).
-The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level.
Currently,
-The Price Pull Back to 0.5 Fibonacci Retracement Level !
-and Formed a Bullish Falling Wedge
-and Now it Will Continue its Bullish Movement !
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TARGET: 0.54075🎯
NZDJPY Short-term buyThe NZDJPY is trading within a Channel Up pattern and is currently on the latest bullish leg towards a new Higher High. All previous waves have been at least +6.12%, so that gives us still an opportunity to buy and target 92.150. If the RSI hits 73.40 before the target, close the buy regardless, as the 73.40 Resistance has formed the September 29 High.
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NZDUSD: Trading Plan Ahead of CPI 🇳🇿🇺🇸
NZDUSD is currently approaching a strong intraday/daily horizontal demand cluster.
After a CPI release, pay attention to an expanding wedge pattern on a 4H time frame.
Its resistance breakout - 4h candle close above - will give you a strong bullish confirmation.
A bullish movement will be anticipated at least to 0.5899
Alternatively, a bearish violation of a blue support will invalidate the setup.
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NZDCAD - Bearish Double TOP 📉Hi Traders !
On Friday 3 Nov, The NZDCAD Price Reached a Resistance Level (0.82092 - 0.81964).
-The NZDCAD Failed To Create a New Higher High.
-The Price Formed a Double TOP Pattern.
Currently,
-The Neckline is Broken.
So I Expect a Bearish Move !
i'm waiting for retest...
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TARGET: 0.80100🎯
NZDCHF: Sell signal just emerged.NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci test. On June 15th that was a sell signal as the price made a top and got rejected back to the Support. Consequently we are turning short, targeting the S1 level (TP = 0.51850).
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NZDUSD Daily Short IdeaDaily and weekly bias is still bearish. Price has now mitigated a discounted area for me to take sells. This area is confirmed with previous bearish break of structure completed because of an order block which left in efficiency with in the market because of how large the volume was the break it.
Hope this is insightful.
4HR Chart:
NZDCHF - Important Breakout 📈Hi Traders !
On The Daily Time Frame, The NZDCHF Price Reached A Support Level (0.51902 - 0.52084).
Currently:
-The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level.
So, I Expect a Bullish Move 📈.
i'm waiting for retest...
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TARGET: 0.54075🎯
NZDCHF - Bullish Double Bottom 📈Hello Traders !
On 4H Time Frame, The NZDCHF Price Reached a Support Level (0.51902 - 0.52084)
Currently, The Price Formed a Double Bottom Pattern.
The Neckline is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.53330🎯
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NZDCAD: Targeting the 1D MA200NZDCAD just turned bullish on the 1D technical outlook (RSI = 56.955, MACD = 0.000, ADX = 22.539) as it rebounded on the 1D MA50. The signs for this rally emerged after a Double Bottom Zone emerged, following a nearly 5 month RSI Bullish Divergence on HL, which indicates that we may be initiating a new long term bullish trend.
Our focus for now is on the short term though as we go long, targeting the R1 level (TP = 0.82175) and a potential touch with the 1D MA200. That will be a new LH for the Bearish Megaphone pattern.
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