FX:NZDUSD The Kiwi formed a clear five-wave rally from 0.6425 lows, which in EW theory suggest more upside after a correction. As you can see, pullback was deep, but complex with overlapped wave structure and also nicely within channel range, so we assume that this was just a double zig-zag W-X-Y corrective decline. And yes, The Kiwi bounced idealy around 61,8% ...
Would of done this video with voiceover but have ze man flu & sound crokey as hell.
WEEKLY back under & failing at major resistance levels.
4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.
i see audnzd dropping down from its current price, retesting a new resistance and then continuing its trend to the downside... confirmation for me will be if the current candle has a large bearish close and then continuation to the next level and potentially further.
Kiwi was not performing against the USD that good last year and this year might be the same case scenario too.
Have look at the above Monthly charts picture for NZDUSD. There are numerous long term trendlines one of which was broken a few months ago signalling the kiwi headed south towards another long term trendline ...
Hi there. Price is forming a continuation pattern to the upside. The best place to take a buy position is the bottom of the pattern. So, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
kiwi formed a double top at an interesting price level where it met the decending trandline and historical lstructure (look left) pkus finished an common upmove extention
now formed new low and is retracing maybe to the 618 so you can tarde it as a 2618 trade with stopploss above the doubletop.
use piice action to find entry and confirmation (or ...
Awesome Trade Yesterday Folks hope you had some profits from that.
Here we are entering NZD/JPY where there has been previous support and where we currently rallied from.
We are currently drifting upwards although i do not think this pair is ready to hit the .236 Fib yet.
We look for another retest of support, where we can get the highest probability setup.
After we now have finished an equal lenght upmove pair we are right in the zone that looks interesting when you look left (i dont like to call that resistance or anything like that...).
We are at a decending trendline as well.
Look for the orgin of the downmove to determine where your stopploss must go.
Dont trade more than 1% risk.
Learn how to calculate lot ...
We have seen this pair rally off this Major Support a number of times now. The Kiwi showed great strength in November where it had its strongest rally of the year.
Now that we are a approaching these levels where the rally started we can expect strong demand and high volatility.
The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average.
However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level ...