FX:NZDUSD   New Zealand Dollar/U.S. Dollar
192 2 2
THE BIG PICTURE: Fib extensions from the previous swings have been projected from the most recent long term high. Segment A to B was measured and projected from point E. Segment C to D was measured and projected from point E. An important observation is that price is trading around a level which would mark the halfway point toward a full move symmetry. That is to say that Segment E to F is half the size of the prior down swings. In addition the length of time that has transpired from point E to F is about the same length of time it took to complete segment A to B. The final interesting point is that it appears as if kiwi is showing relative strength compared to the other Dollar based pairs.
THE TECHNICAL STANDPOINT: The fib confluence is providing many long term traders a basis for accumulating the kiwi. For this idea to remain in tact the kiwi should develop buy signals on the lower timeframes with protective stops building under the fib levels. Targets will be expected to reach the recent highs at point E and even higher. The risk to expected return is very manageable.
I have opposite idea
NZDUSD - is it possible?
Reply
That's what makes a market. However, my idea is not an idea unto itself. Pay attention to the premise of the Dollar Bearish scenario which is the backbone of my painted horizon. My bias is a result of looking at the intermarket dynamics between the dollar based pairs.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out