NZD (New Zealand Dollar)
NZDCAD Buyers In Panic! SELL!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8437 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8354
Recommended Stop Loss - 0.8490
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
MarketBreakdown | EURUSD, EURJPY, GBPCAD, GBPNZD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
EURUSD looks heavily overbought after a recent strong bullish rally.
The price started a correctional movement and broke a solid rising trend line.
I think that the pair will continue the correction to lower levels.
2️⃣ EURJPY daily time frame 🇪🇺🇯🇵
I see a classic bearish accumulation pattern - a descending triangle formation.
Bearish breakout of the neckline of the pattern and a daily candle close below
that will be an important event that will most likely trigger a strong bearish reaction.
Alternatively, a bullish breakout of a trend line can be a strong bullish signal
3️⃣GBPCAD daily time frame 🇬🇧🇨🇦
The price formed an inverted cup & handle pattern after a test of a key daily
horizontal resistance.
A breakout of the neckline of the pattern signifies a highly probable continuation
of a retracement from the underlined read area.
4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿
I see a confirmed breakout of a neckline of a huge descending triangle formation.
The broken structure and a falling trend line compose a contracting supply zone now.
I will expect a bearish movement from that to lower structure levels.
Do you agree with my market breakdown?
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Bullish bounce?NZD/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level could lead the price to rise to our take profit.
Entry: 0.52788
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.52179
Why we like it:
There is a pullback support level.
Take profit: 0.53773
Why we like it:
there is a pullback resistance level which is slightly below the 61.8% Fibonacci retracement.
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GBPNZD: Long Signal with Entry/SL/TP
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.1021
Stop Loss - 2.0906
Take Profit - 2.1261
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCAD: Bearish Continuation & Short Signal
NZDCAD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short NZDCAD
Entry - 0.8442
Sl - 0.8486
Tp - 0.8370
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD is in Selling Direction after testing TrendlineHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZD/CHF Trying To Close Above D Res , Be Ready To Buy It !We Have a very good 4H Closure above our old res area , i prefer to wait fro daily closure to confirm that the price will go up , but maybe we can buy with small lot size with Retest for broken area .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDCHF Technical Analysis and Trade Idea👀 👉 The NZDCHF currency pair is currently showing signs of price extension as it nears a critical resistance level. This technical setup indicates a potential corrective movement. Our strategy focuses on identifying opportunities for long positions, particularly if the price retraces to key Fibonacci levels, specifically within the 50% to 61.8% range.
This analysis should be considered within the broader macroeconomic context. The recent interest rate hike by the Bank of Japan has injected significant volatility into global financial markets. As a result, traders should be prepared for continued elevated volatility, which could have a substantial impact on price movements and risk management strategies.
The combination of these technical and fundamental factors creates a compelling trading scenario. However, it is crucial to underscore the importance of rigorous risk management. Traders are strongly encouraged to conduct thorough independent research and carefully assess their risk tolerance before making any trading decisions.
Please note: This analysis is provided solely for educational and informational purposes and should not be interpreted as financial advice or a specific recommendation to execute any trade. 📊✅
GBP/NZD Trade Setup: Short Position on Head and Shoulders Patter
I've identified a head and shoulders pattern on the 12-hour and daily charts for GBP/NZD and have initiated a short position based on this classic reversal setup.
I'm opening two trades for this setup:
The first entry is at 2.11218, near the neckline of the head and shoulders pattern.
The second entry is at 2.11487, triggered by a 12-hour close below the neckline, confirming the pattern.
This dual-entry approach allows me to capitalize on both the initial break and the confirmed move, enhancing my overall position. I'll be monitoring the trade closely and will provide updates as it progresses.
NZDUSD to continue in the upward move?NZDUSD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6235 will confirm the bullish momentum.
The measured move target is 0.6275.
We look to Buy at 0.6220 (stop at 0.6200)
Our profit targets will be 0.6270 and 0.6275
Resistance: 0.6250 / 0.6270 / 0.6275
Support: 0.6225 / 0.6220 / 0.6210
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NZD/CAD: Symmetric Triangle Awaiting Breakout➡ Symmetric Triangle pattern observed, breakout expected on either side
➡ Resistance at 0.8425
➡ Support levels: 0.8355 and 0.8345
NZD/CAD is currently consolidating within a symmetric triangle, indicating a potential for a breakout that could lead to a significant directional move. Traders should watch these key levels closely to anticipate the next market move.
NZD/JPY: Poised at Rising Wedge, Awaiting Breakout➡ Poised at a rising wedge, indicating potential for breakout on either side
➡ Resistance levels to watch: 91.52
➡ Support levels: 85.39 and 83.04
This currency pair is currently in a rising wedge formation, a pattern that typically suggests forthcoming volatility with a possible breakout. Traders should closely monitor these levels to anticipate the next significant move.
NZDCAD is in the Bearish direction From Solid ResistanceHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCHF Will Go Higher! Long!
Here is our detailed technical review for NZDCHF.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.526.
Considering the today's price action, probabilities will be high to see a movement to 0.537.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 89.810 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.519 level.
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Bullish rise?NZD/CAD has reacted off the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 0.83460
1st Support: 0.829488
1st Resistance: 0.84189
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Disclaimer:
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GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook
This week, the GBPNZD pair appears to be gearing up for a continuation of its uptrend, following a brief downward correction on the hourly timeframe. This pullback seems to have provided the necessary consolidation, positioning the pair for a renewed upward movement.
Current Market Overview :
After experiencing a short-term downward trend, the GBPNZD pair found support at a key level, halting the decline and suggesting the potential for a reversal back into its broader uptrend. The correction allowed the pair to cool off from recent highs, and the current market conditions indicate a readiness to resume the upward trajectory. As the pair begins to recover, traders should watch for a break above near-term resistance levels, which would confirm the resumption of the uptrend.
Expectations and Potential Scenarios:
Given the recent stabilization, we expect the GBPNZD to continue its upward movement in the coming sessions. The pair's ability to maintain support during the pullback suggests that the overall bullish structure remains intact, providing a strong foundation for further gains.
Primary Expectation:
If the pair successfully breaks above the immediate resistance following this correction, it is likely to continue climbing towards higher resistance levels. This scenario would validate the uptrend and offer favorable conditions for long positions.
Alternative Scenario:
However, if the price struggles to break through the resistance and encounters renewed selling pressure, we may see another brief pullback. Traders should consider this possibility, as it could present additional opportunities to enter the market at more attractive levels before the uptrend resumes.
Conclusion:
In summary, the GBPNZD pair is poised to continue its upward trend after a short-term correction on the hourly timeframe. Traders should focus on the upcoming resistance levels as potential catalysts for renewed bullish momentum. By staying alert to both bullish and corrective scenarios, you can effectively navigate the market and adjust your strategies as needed.
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