Inflation in New Zealand is at 2.2% this is not good for kiwi, but for price to drop I expect a false bullish run to the upside targets 0.5795 stops below 0.5652 Use proper money management.
Price has retested the resistance severally. I expect price to drop to as low as 1.6877. Stops are above 1.7474. Use proper money management.
Weekly :- A bullish flag pattern Daily:- Divergence bullish 4 hour:- Divergence, convergence, pullback with hidden divergence
As indicated on the chart above, there is a clear liquidity zone that has just been taken out. I have level from which I am anticipating a continuation to the upside
ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖ IMPORTANT INFORMATION:📌 - ORDER FLOW : * LSB: breaker retest * PROJECTED TP : * PROJECTED SL: Hi master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the...
Trade update from a previous video I posted on buying NZD/USD. The fundamentals point towards a move to $0.75 on the exchange rate that offers a move of up to 5% appreciation in the KIWI. Fundamentals driving the trend. 1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency. 2.) $2 Trillion Fiscal stimulus...
We take a closer look at why the U.S Dollar is getting weaken on a fundamental level first, to then understand the NZD/USD upside momentum that has now broken a key technical resistance and offering a buy side opportunity.
Open buy price 0.6770 SL - 0.6758 TP - 0.6839 RRR - 1 : 12.2
Open Buy position on NZDUSD - 0.6744 SL - 0.6727 (17pips) TP - 0.6838 (94pips) RRR - 1:6.26 Reasons - at bottom of global flat 0.6715-0.6930 and good reversal pattern (buy level+angle level)
Good Buy angle Open Buy order price 0,6805 SL - 0,6792 TP - 0,6925 RRR - 13.9
Wait for potential shorts at around 1.96. Trade as follows with targets at 1.88---http://forex.today/sell-gbpnzd-analysis-for-march-26-2016/
Entry: 0.72009 TP 1: 0.72097 TP 2: 0.72210 TP 3: 0.72453 SL: 0.71885
Good Morning Traders, The trend line on the NZD/USD has been broken. I'm simply waiting for a retest of the trend line for a potential buy position. The RSI is currently oversold, therefore a pullback should give the RSI some room for movement. I'll keep you all updated on this position! Many thanks and good luck, Ike
Sell above 1.0484 for the ride down to recent structure lows. Even better R/R available at current market prices as we put in even a third top and bounced off. Furthermore, we have a trendline resistance helping to protect the upside.
buy @ 0.71751
Watching the big picture, we are still on an uptrend on the weekly and daily time frame which makes me look for trend continuation opportunities. Currently price is at a very sweet spot while RSI approaching oversold levels. Great risk:reward if entered at market if conservative stops and targets are used as illustrated on the opened long position in the chart.
buy at previous support around 0.9985