AUDNZD: Bullish Cross can take it higher for a new sell entry.AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up. We are already on a sell since June 7th (see idea below) but we will add another on Fib 0.618 targeting the Channel's bottom (TP = 1.062500) again.
Prior idea:
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Newzealanddollar
NZDJPY - Bearish Head and Shoulders📉Hello Traders!
On The Daily Time Frame, The NZDJPY Price Formed a Head and Shoulders Pattern📉
i'm waiting for a neckline break!
Then, we will see a huge bearish move📉
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TARGET: 84.050🎯
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NZDJPY: Use the 1D MA50 as the pivot level for your trades.NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675).
If the price crosses under the S1 (86.235) this bullish signal will be invalidated and we will sell, targeting the S2 (TP = 83.550).
An early sell confirmation may come when the 1D RSI crosses under its HL trendline.
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NZDJPY held the MA50 (1d) and can rise +7%NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far.
That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d).
The two bullish legs have risen at least +7%.
Trading Plan:
1. Buy on the current market price.
2. Sell below Support (1).
Targets:
1. 92.300 (+7% rise to the top of the Channel Up).
2. 83.550 (Support 2).
Tips:
1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d).
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GBPNZD Buy on the bottom of the Channel Up, sell under it.GBPNZD is trading inside a Channel Up since the February 3rd Low.
The last Higher Low was priced under the 1day MA50. Our current buy zone is between the 1day MA50 and Support A.
Buy as long as this holds and target 2.091500 (Resistance A).
A closing under the Channel Up and more specifically the 1day MA200, is a sell signal, so in that case take the buy's loss and short. Target the 1day MA200 just over Support B at 1.98000.
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NZDCAD: Confluence Zone & Your Trading Plan 🇳🇿🇨🇦
NZDCAD is testing an important confluence zone:
I spotted a perfect match between a horizontal key level and a falling trend line.
For a confirmation, watch a double top pattern on 1H time frame.
We need a breakout of its neckline as a trigger.
Hourly candle close below 0.8356 will confirm a violation.
A bearish continuation will be expected to 0.83 level then.
If the price sets a new high, the setup will become invalid.
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⚠️EURNZD Ready to Fall⚠️EURNZD is moving near the resistance lines, and two candles formed a Bearish Engulfing Candlestick Pattern 4 hours ago, which can be a 💡 Sign 💡 of the beginning of a decline.
🔔I expect EURNZD to fall to at least the support line .
🔅Euro/New Zealand Dollar (EURNZD), 4-hour time frame⏰
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NZDCHF: Bullish Move From Key Level 🇳🇿🇨🇭
NZDCHF is testing a wide horizontal zone of demand.
The price formed a double bottom pattern on that
and currently retesting the broken neckline.
I think that the pair may bounce from the underlined area.
Goals: 0.5473 / 0.5485
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NZDCHF - Head and Shoulders📉Hi Traders👋🏻
On The Daily Time Frame The NZDCHF Price Reached A Resistance Line📉
Currently, The Price Formed a Head and Shoulders Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.54540🎯
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AUDNZD Halfway through the bearish leg. You can still sell.AUDNZD crossed under the 1day MA50 this week for the first time since May 24th.
That is the bearish leg from the Falling Resistance to the Rising Support in order to form the new Higher Low.
The 1day RSI just entered the 4 month Support Zone, where the price Low was formed at the bottom of the Support Zone.
This is still a good sell. Target 1.061500.
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NZDJPY: Trend Following Setup Explained 🇳🇿🇯🇵
NZDJPY is trading in a long term bullish trend.
The price broke and closed above a key daily resistance this week.
After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag.
It will most likely trigger a trend-following movement.
I expect a growth to 89.65
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NZDJPY Best short opportunity in more than a monthNZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs.
This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence.
Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up pull back.
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AUDNZD - BEARISH DOUBLE TOP📉Hello Traders👋🏻
The AUDNZD Price Reached A Resistance Level (1.10520-1.10881) !
Currently, The Price Formed a Double TOP📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET 1: 1.07720🎯
TARGET 2: 1.05827🎯
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NZDUSD: Near the top of the Channel, expecting rejection.NZDUSD got rejected 2 weeks ago on the 0.618 Fibonacci level and as the price recovered, we find it again near the top of the long term Channel Down. With the 1D technicals going just over the neutral zone (RSI = 55.348, MACD = 0.001, ADX = 20.776), this is starting to be an optimal level to begin shorting. We are placing a first sell here, targeting the -0.236 Fibonacci extension, which is near the bottom of the Channel Down (TP = 0.59000).
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USDNZD: Continuation to the upside?I think we may see a continuation pattern to the upside, maintaining the dynamic trendline.
I'm expecting USD strength this week looking at DXY, and NZD remaining vulnerable. Even though NZD performed better at the end of last week, I still expect this cross to grow to the resistance where we may well see a double top and reversal.
I'm looking for an entry point using LTF's around the 61.8% fib of the last impulse move.
🚧NZDUSD will FALL further🚧NZDUSD has started to form corrective waves in a descending channel after completing five impulse waves so that the structure of corrective waves is Zigzag(ABC/5-3-5) .
The main wave A and B correction inside the descending channel has been completed, and now NZDUSD is completing the main wave C.
The main wave C has an Expanding Ending Diagonal structure.
I expect microwave 5 of the main wave C to finish in the 🟡 Price Reversal Zone(PRZ) 🟡 and at the bottom of the descending channel.
🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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GBPNZD: Important Breakout 🇬🇧🇳🇿
Update for GBPNZD.
The price successfully broke and closed above the neckline of a cup & handle pattern
on a daily time frame.
It is a very important bullish signal.
Taking into consideration that the market is trading in a long-term bullish trend,
probabilities are high that the pair will keep growing soon.
Next goal - 2.096
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GBPNZD: Trend-Following Trading Setup
GBPNZD formed a classic cup & handle formation.
The market is trading in a long-term bullish trend.
The neckline of the pattern is the only obstacle for the buyers now.
Its breakout will initiate a trend-following movement to new highs.
Daily candle close above 2.075 will confirm the violation.
A bullish continuation will be expected then to 2.085
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NZDCAD - NEW BEARISH MOVE📉Hey Traders👋🏻
The NZDCAD Price Reached A Support Level (0.82628-0.83115) !
Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level)
So, I Expect a Bearish Move📉
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TARGET: 0.79675🎯
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NZDCAD: Sell signal after the 1D Death Cross.NZDCAD completed a Death Cross yesterday on the 1D timeframe with the 1D technicals naturally bearish (RSI = 41.395, MACD = -0.004, ADX = 27.419) as the price is under the middle of the logn term Megaphone pattern.
Every Lower Low has so far been at or under the Fibonacci 1.236 extension. With the 1D RSI under an LH trendline itself, we are going short, targeting the bottom of the Megaphone (TP = 0.8000).
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NZDJPY - NEW BREAKOUT📈Hey Traders👋🏻
On The Weekly Time Frame The NZDJPY Price Reached a Resistance Level (86.566 - 88.170)✔
Currently, This Key Level is Broken (Resistance Level Becomes new Support Level)🔥
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET: 90.289🎯
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