NZDJPY is currently trading at 86.60, with a target price of 82.60, indicating a potential downward movement of 300+ pips. The pair is forming a bearish flag pattern, which typically follows a strong downtrend and is followed by a period of consolidation. This pattern suggests that after the breakout and a successful retest of the lower trendline, the price could continue its decline toward the 82.60 target. Technically, a bearish flag is often seen as a continuation pattern, signaling that the downtrend is likely to resume after the consolidation phase. The successful retest of the breakout point confirms the market’s readiness to move lower. In this case, if NZDJPY breaks below the support level, it could accelerate the move toward the 82.60 target. Fundamentally, the New Zealand dollar has been under pressure due to a weaker global risk appetite and softer economic data. In contrast, the Japanese yen benefits from its status as a safe-haven currency, particularly during times of market uncertainty. These fundamental factors may continue to support a bearish move for NZDJPY, especially if global market sentiment remains cautious. In summary, the bearish flag pattern on NZDJPY suggests further downside potential, with a target of 82.60. Traders should watch for confirmation of the bearish continuation after the retest of the breakout level, as well as monitor global risk sentiment and economic data from both New Zealand and Japan.
The market has taken a weekly low and it’s clearly trending bearish on the 4 hour time fram
USD/CHF 30M - As you can see price has recently traded us down and into an order block and has shown good signs of rejection. I now want to see price break structure to the upside to confirm a reversal. As we know a break to the upside would confirm the end of this bearish leg trading us lower and tell us that price is now ready to start trading us bullish longer term. Once we have this break in structure I believe we will see price correct itself taking us back down in the market to trade us into another order block, this time to set a new higher low. This is where we can look to take part in this market from. With bullish structure price sets higher highs and higher lows. One price trades us back down and into the Demand Zone we will want to see another BOS but this time one thats more fractal giving us the confirmation that the correction has finished and the new leg higher is ready.
Given the bullish OF on the HTF and the price reaching a HTF OB, as well as observing a CH on the MTF, we can expect the price to start moving upwards after the liquidity clears below the London session.
We had a great run on Tesla after Trump's election, which boosted the idea of Robotaxi and green earnings over time. If you follow me on X, you would know that I have been buying Tesla since the $204 level (August 5th crash). We had a great run from there to $490. Currently, we have seen a 33% retracement from the top. The price hit the weekly demand zone and showed a strong rejection there (forming a weekly dragonfly doji). I have started to build a swing position from this level to ride Tesla to new all-time highs. The first challenge will be the bearish trendline that has been driving the bearish trend since December 18th. Breaking that trendline should lead to new highs, in my opinion. If the price breaks and closes below $300 on the daily chart, it will invalidate my setup, and I will look to exit the position.
ENA lost several levels. it is a little bit choppy, but the marked level is a interesting point to TA again in several hours or tomorrow. Tending for a short, but maybe laddering . Follow for more ideas/Signals. ? Just donate some of your profit to Animal rights and rescue or other charity :)✌️
The AUDNZD currency pair is currently trading at 1.1140, with a target price of 1.1340, suggesting a potential upward move of 100+ pips. The pair is forming an ascending triangle pattern, a classic bullish continuation pattern. This pattern typically forms when the price consistently makes higher lows while encountering a horizontal resistance level, signaling a potential breakout above the resistance. Traders are looking for a confirmation of the breakout above the resistance level to target 1.1340. From a technical perspective, the ascending triangle is often a sign of market indecision, but it’s typically followed by a breakout to the upside when the price pushes through the resistance at the top of the triangle. In this case, the breakout would likely target the 1.1340 level, where the next significant resistance could come into play. On the fundamental side, the Australian dollar has been relatively stronger recently due to robust commodity exports, particularly iron ore and coal. In contrast, the New Zealand dollar faces pressure from a more dovish outlook from the Reserve Bank of New Zealand, which has recently taken a cautious approach to monetary policy. These economic dynamics could support the bullish case for AUDNZD, especially if the breakout occurs in favor of the Aussie dollar. In summary, the ascending triangle pattern on AUDNZD points toward a bullish breakout above the 1.1160 resistance. If confirmed, the pair could target the 1.1340 level. Keep an eye on any upcoming economic data from both Australia and New Zealand, as these could provide further confirmation or invalidate the breakout.
- *Current Buy Price*: 2910 - *Targets*: - Target 1: 2920 - Target 2: 2930 - Target 3: 2940 - *Resistance Level*: 2902 This suggests that you are considering buying gold at 2910, with a resistance level at 2902 (a price level where selling pressure might increase). Your targets for taking profit are at 2920, 2930, and 2940.
Key Trading Level is at 22563 Support: 270 followed by 22140 and 21923 Resistance: 23200 followed by 23300 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
AI project on Solana, showing good resistance to all the dumping going on right now. Currently one of the few SOL projects in the green, was one of the first to dump back in early February. There's been a tendency for triple bottoms to occur in crypto assets as of late, so it's within reason to expect one here. ETH season approaching, but this one is worth watching.