NZD (New Zealand Dollar)
AUDNZDI expect bearish continuation with AUDNZD due to the Hawkishness of RBNZ after the 75bps rate hike they also hinted another policy tightening, we'll expect another rate hike coming February next year 2023.
Technical outlook seems to indicate another support level which is broken, and the next target for sellers is next yellow horizontal support level.
NZDCHF BULLISH FORECAST * Ascending triangle, mostly found in uptrend, and mostly bullish continuation.
* The RBNZ increased it's interest rate by 75bps as expected, and the RBNZ were Hawkish, hence we expect more bullish presure with NZDCHF and NZD related pairs.
* Break below the triangle may violate the pattern.
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💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5575).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.5627
TP2= @ 0.5673
TP3= @ 0.5727
TP4= @ 0.5764
TP5= @ 0.5805
SL= Break below S2
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💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (83.310).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 81.972
TP2= @ 80.554
TP3= @ 79.500
TP4= @ 77.933
TP5= @ 75.786
SL: Break Above R2
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💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6185).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.6250
TP2= @ 0.6280
TP3= @ 0.6315
TP4= @ 0.6364
TP5= @ 0.6382
SL= Break below S2
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NZDCAD Analysis UpdateWe forecasted and shared our view of NZDCAD, where we were looking for a BUY up to the the Premium Levels
(Daily FVG & 8H OrderBlock).
We shared the HTF Directional View & LTF Entry Setup with you guys.
The analysis turned out as we wanted and the entry was a SNIPER ENTRY as well 🎯
From this Setup we got:
279+ PIPS, 1:4.3+ Risk to Reward Ratio!
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.44).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 83.14
TP2= @ 82.10
TP3= @ 81.34
TP4= @ 80.55
TP5= @ 79.46
SL: Break Above R2
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NZDCAD SELL trade opportunitiesNZDCAD SELL trade opportunities
NZDCAD currently bearish trend and is expecting to break out if it closes below the support area with a very strong Bearish candle then the market will be further moving into a bearish phase after confirmation of a breakout wait to retracement then enter in sell trade with a very good risk rewards
"Always trade with Stop Loss"
NZDCAD Trading Plan - 10/Jul/2022Hello Traders,
Hope you all are doing good!!
I expect NZDCAD to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea