By Andria Pichidi - April 18, 2019
The risk-on vibe in global stock markets was boosted by a strong set of data out of China this week and strong Labor data out of Australia overnight, which gave buoyancy to the Australian and Canadian Dollars. However, as Aussie outperforms, the sub-forecast CPI data out of New Zealand yesterday have underpinned the New Zealand...
Kiwi index is approaching its support at 6.9441 (61.8% Fibonacci extension , horizontal swing low support, 61.8% Fibonacci retracement ) where it could potentially bounce to its resistance at 7.0079 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur....
Kiwi index is approaching its support at 6.8787(61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 6.9528 (50% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding...
Kiwi index approached its support at 6.8796 (horizontal swing low support, 100% Fibonacci extension,50% Fibonacci retracement) where it could potentially bounce to its resistance at 6.9311(38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance ).
Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could...
Powell might have kickstarted a rally -which was already brewing- in the Kiwi/Dollar pair.
I'd reccomend long exposure here, as long as we don't go below today's open, if aggressive, or if moving below the cyan box, if more conservative.
The target is the top of the cyan rectangle, to be reached before the right border is reached, time wise.
Best of luck,
FX:NZDUSD seems to be completing its run up from the lows near 0.6350, and is forming a typical exhaustion Head and Shoulders Pattern, with a neckline near the uptrending trendline support near the 0.7120 region.
Trade Idea : Short FX:NZDUSD at 0.7100-0.7120 levels with a target price in the region of 0.6800-0.6820 region,...
This is not an easy setup despite a clear picture. Post breakout pullbacks are S/L triggers, so I will wait to see a further break up, and then a pullback. Here I will try a second option long entry.
- NZD inflation figures (Wed)
Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level.
In this video update, we take a look at the swing trading opportunity we identified in yesterdays youtube video.
We are expecting the price to continue to move higher after finding support. As it is a Friday you can look
to manage the trade in accordance with your own trading plan.
Looking for a 75 tap from 6750 for a completed quarter.
Will only be 37 pip range on the day giving Kiwi more room in its 55 - 75 ADR
Continuation targets marked as green dots
Failure at 75 could lend itself to full retracement and then some
DXY looking vulnerable to solid losing of 97 level
EURNZD has been showing a slow momentum to the upside and has been grabbing liquidity from both sellers and buyers while struggling to break higher.
If the liquidity holds with dominance of the sellers . and breaks the Black Critical Level then we will see a meltdown to our first target of 1.62250.
1 / 11 Risk Reward ratio.
This is an average trade for AR...
Swing trading! Here i am showing you a behind my technical analysis, you can see better why i entered in one of the better setup i had in the year. doji formations and a beautiful head&shoulder pattern
After last week's decisive break through support we tested the second level of support (based on previous lows in the trend) and bounced off with a brief recovery the following day. However, the pair was unable to confirm a reversal back to the upside when it failed to close the day above support level one indicating that we may indeed have begun trending...
Ive fine tuned this system i'll call Kiwi Quarters.
Theres quite a bit I watch but the premise is simply Kiwi price action tends to move to the quarters 00 25 50 75
Average daily range is <50 or 2 quarter zones and weekly offering up typically 250 to 400 pips
Ill post my results from this weeks efforts