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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Newzealanddollar
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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NZDJPY - Bearish Double TOP 📉
Hello Traders !
As We Talked in The Previous Analysis:
-The NZDJPY Reached a Daily Resistance Level (89.619 - 90.202).
-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: 86.150🎯
NZDUSD: The Selloff Will Continue 🇳🇿🇺🇸
NZDUSD is trading in a long term bearish trend.
After a consolidating within a wide horizontal range on a daily,
the price violated its support.
We see a positive bearish reaction to that after its retest.
I believe that the pair will go lower.
Next support: 0.576
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NZDUSD High probability buy at the bottom of the Channel Down.The NZDUSD pair has gone a long way since the previous successful buy signal we gave (see chart below):
The Channel Down shifted higher but the price is once again found on its bottom (Lower Lows trend-line) giving us a new high probability buy opportunity. On top of that, it appears to be repeating the May 31 bottom as the RSI is on an identical sequence. As a result we expect a rise towards the 0.618 Fibonacci Channel level at 0.60500, which would be as close as possible to the 1D MA200 (orange trend-line) to test it as a Resistance.
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NZDUSD: Waiting For Confirmation 🇳🇿🇺🇸
I have perfectly predicted an intraday bearish movement after a breakout yesterday.
Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range.
The next bearish wave will be confirmed after a breakout of the support of the range.
4H candle close below 0.5808 will confirm a violation.
A bearish continuation will be expected to 0.8775 level then.
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NZDUSD: Important Bearish Confirmation 🇳🇿🇺🇸
NZDUSD broke a support line of a rising parallel channel,
retest a broken horizontal daily demand zone.
It is an important sign of strength of the sellers.
I believe that the pair will start falling now to 0.584 / 0.582 levels.
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🚨NZDJPY will Go Down to Uptrend line🚨🏃♂️NZDJPY is moving near the Important Resistance line and the Resistance line and inside the 🟡 Price Reversal Zone(PRZ) 🟡.
💡We can consider the formation of the 🌠Shooting Star Candlestick Pattern🌠 in 🟡 Price Reversal Zone(PRZ) 🟡as a sign of a return.
🔔I expect NZDJPY to return to the 🔴 Resistance zone 🔴 and Uptrend line in the coming hours.
New Zealand Dollar/Japanese Yen Analyze ( NZDUSD ), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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