On the Ausisie Kiwi we have a nice opportunity to sell the market targeting the .382 fib retracement of the recent bullish leg. This .382 fibonacci level displays significant confluence with the market structure looking left.
Price reversed off of the .5 fib retracement of the larger leg (zoom out), and with clear bearish RSI divergence, the market has begun a...
Here I am choosing to remain short NZD as widely mentioned in the previous ideas and choosing to play this strategically against a low yielding currency like EUR.
We are starting to see early signs that the RBNZ has turned towards an easing bias, with the bar for rate cuts being lowered, coupled with house price growth slowing we have the ingredients in the...
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...
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.
Here we can see the cross has finally starting to turn and a change of trend is occurring after the lows in March. The market has formed a reliable trigger for ending the 5th wave in the sequence as we are breaking through the 38.2% fib.
I am expecting this pair to continue significantly over time to trend higher, this can ultimately be the early stages of an...
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
Ok, for all the people asking me why i have clean all my charts... i have a lot going on in my charts, but im not gonna share all of my effort for free, im giving you the call. For me that is enough. If you want to learn how i do my analysis and how you can improve your trading: DM me in this platform for mor info. Enjoy the profits my friend
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....
Lowest weekly close this year, has the range (between $0.674 - $0.69) been broken or a reversal on the cards next week?
First support to downside is the 50% retrace & july low/september highs. Ultimate low in this triangle formation coincides with the 61.8% retrace @$0.663
Break below trend line(pink) & median line, gives a bearish outlook for start of...
After an inline NFP we are breaking down here and by now it is very clear where the next targets come into play for bears. There is very little support here in the ladder till 0.656 and here expecting Kiwi to remain offered for the coming days.
It is clear where Dollar bulls have been spending their time, bidding the roll and letting go for Tokyo. People do not...
NZDUSD remains weak across the board as we outlined in our market outlook this week. We expect this
to continue against the stronger currencies however we may see some buyers step back into the
market at the key demand zone here. This will be likely ad the DXY sits at the key resistance, any USD weakness
will help the NZDUSD price push higher.