With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
Not a lot out there today, for me at least. We've got a handful of fundamental events coming out once the New York session starts so maybe the markets are waiting for them but keeping it short and simple we've got 2 potential advanced patterns that would complete at the exact same level here on the NZDUSD. Despite the underlying trend being heavily bearish, we are...
This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...
A few potential trades on my radar this morning including EURUSD, AUDUSD & AUDCAD (Long from overnight), but one that just caught my attention came on the NZDUSD. Even if you're new to reading a price chart it should be pretty obvious that the Kiwi has been in a downtrend. During this bearish movement I've been looking for different places to join the party each...
The kiwi dollar has fallen for 11 straight weeks against the US dollar (12 for the British pound), and I have the vague feeling that we may see the NZD/USD initiate a corrective bounce starting this week. Prices gapped downward to hit $0.6641 last night and are currently trading at $0.6697. I'm waiting to see how the US dollar performs with the return of North...
With the current sell off of the Kiwi, we are approaching an area where there could be a reversal. This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal. Price may rebound between the areas marked out by yellow boxes. The sharp drops from the yellow boxes above (supply zones) tell us the pair could rebound upon returning...
This is a good opportunity to earn a good return. The strong rally from 1.07 was due to the RBNZ Interest rate news. The negative news had a bullish effect on this pair, causing a 300+ pip rally. This rally is into an area where willing sellers overwhelmed demand. Chances are, another fall is likely here. The strong move up means there is no willing demand above...
The kiwi has been able to stable a relatively impressive entrancement, following the volatility in the dollar. I first noticed the rally yesterday after it was reported that US President Obama voiced his concern over a stronger US dollar; and all dollar-pegged currencies jumped. Here is my original tweet prior to the surge: twitter.com It is no wonder on why...
There are wide spread negative views for most USD pairs on the basis that FED might raise rates at some stage which would support USD strength. In the light of this it seems impossible for NZDUSD to form low in this area. I admit that I could be completely wrong and if so will not have to wait to find out. However, looking at the KIWI chart on Monthly, supports...
NZDUSD is testing March 2011 levels (.7108). Sentiment positioning shows +3.88 as nearly 4x as many traders are already long the pair vs shorts. When used as a contrarian signal, that means we have a future supply of sellers who would need to close their long position should this move materially lower. This appears to have room to run as well should a...
After double topped, the kiwi made a strong break down and now it retraces to 618 area, which could be a nice selling oppurtunity with two potential targets and stops above the double top - as it is written above.
As is shown on the chart, Cable bulls have recently broken a massive resistance zone against Kiwi which had halted them several times before eventual upside breakout. Now that there is a throwback, considering the borders of this zone, I favor a rather short lived correction that will reverse in the current zone. The maximum downside potential for this correction...
We placed NZDUSD on our radar during yesterday's Live Room session and have been tracking it ever since. I apologize in advance, but the analysis that I did on this pair is somewhat advanced so I'm not going to attempt to duplicate what I shared with you in last night's Syndicate video. Honestly speaking it's a lot clearer on the 13 period range bar charts (as...
As you can see in the chart, we have had a strong bullish move from the lows after breaking a highest low trendline. Right now, there's risk of a broad depreciation of the euro vs stronger currencies, in particular vs the higher yielding Kiwi and the dollar, naturally. After crude oil started correcting, most euro, chf and gbp pairs started strong bullish legs,...
Hey traders the NZDUSD has offered us an excellent 2618 opportunity and I wanted to take a minute to show you guys how I use the Fibonacci tools to break down a potential reversal zone and really dial in on where i want to place the trade at. Here's a link to a short video i did this morning on this pair. tradeempowered.com Akil Stokes Chief Currency Analyst...
In the last published NZDUSD chart (a month ago) our short at 0.77 was partially successful. However since then the price went on to continue complex retracement to the upside. For the background details I would suggest you review that chart if necessary to understand the details below (see link to that chart). (Many are very bullish on NZDUSD pair which might...
At the beginning of the month, I wrote about a potential double top on the NZDCAD cross (in French : bit.ly). It's way too early to confirm, but the recent weakness in the NZD suggests that the kiwi dollar may continue to lose ground while the CAD benefits from the bounce in oil prices as well as the rise in inflation in Canada. There is a big risk ahead with the...
The NZDUSD is testing a medium-term trend line at $0.773, and it the risk/reward ratio is particulary attractive on the short side of the market with stops just above $0.776 and bearish targets at $0.76, $0.74 and $0.72$. REnewed selling pressure depends more on the US dollar right now, but the NZD could come under pressure if the RBNZ hints at a rate decrease...