Has the New Zealand Dollar Topped?

FX:AUDNZD   Australian Dollar / New Zealand Dollar
The New Zealand dollar             has been showing signs of topping in the near-term against a number of pairs. The technical setup I like the most was on GBPNZD             , though I missed that one; I didn't get the pullback I was looking for, so the order never got filled. AUDNZD             , though, is also showing a very nice setup. The October 15 candle with the long wick could constitute a bullish checkmate, and so my stop loss is just below that level. My target profit is at the recent highs near 1.1281. A 61.8%+ Fibonacci retracement has been completed, and the 200 EMA sits between the stop and the entry point. Based on these factors, the visible upwards trend on the daily chart , and the recent candlesticks , I felt comfortable going long at 1.1031, with my stop at 1.0971 and my take profit at 1.1281 -- which gives me a reward/risk setup of over 4.15.

The largest archive of trading educational material on the web:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out