NZDUSD is expecting to reach to the downside after having a reversal formation & has a clear movement to the downside.
EURNZD is looking for buying opportunity after forming descending channel with a strong movement & has corrective formation within it. Expecting target to reach at 1.84900
Sept #1 Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market...
1) Downtrend 2) Price is Below EMA 3) Moving Down From their Strong Resistance 4) Fundamentally AUDNZD Is looking Short 70% Technical 30% Fundamental
Market Reactions to Fed’s “Hawkish Pause” Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely...
EURNZD may have another risk of 200pips before its pump up to 1600pips. the ECB may continue to hawkishly monitor the economical factors within the Euro Area even thou recession fear on focus, the Reserve Bank of New Zealand may pause hiking rates coming months which will give EUR more advantage ahead of 2023.
I 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.
Trading 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...
Price has brocken and closed below our daily uptrend, expecting price to continue sell side
Trading 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...
Trading 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...
Trading 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...
EURNZD is looking for long after forming descending channel on 4h lined up with the double bottom & has the clear formation to the upside.
all the htf looking goood for a short in the big rising wedge. will wait for the entry and maybe short it if not then retest it is
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6465). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6514). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1006). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDNZD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
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