Short this pair based on lower high and the trendline. Simple fade short trade down to make a new low. Today's candle must close bearish for it to be a goer.
Hello traders! Today we will talk about the Kiwi (NZDUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. We all know the Kiwi is a commodity currency and commodities are positively correlated with stocks, so because of bullish stock and risk-on sentiment, the Kiwi remains under strong and impulsive bullish...
From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation. Measured target for this move shown in the chart. This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what...
No actionable High TF appearance of reversal - Time to take start looking
Markets seem to be positive this morning which could be the start of a "Risk-On" theme for the week. The commodity currencies are showing continued strength and Yen is weak across the board. AUDJPY, NZDJPY, AUDUSD, NZDUSD etc. longs all look solid with no signs of the longer-term trends ending jumping out to me. I'm stalking an AUDNZD long We'll discuss...
Watching this possible breakout with buy stops. Great setup with good risk and reward off trendline support and the 50 DMA backtest.
NZDUSD New Zealand Dollar (Kiwi Dollar)
Monthly and Weekly price structure is bullish , Daily is currently bullish . Price created a new support zone , there is a possibility to go for longs to reach the targets mentioned once price retraces back into the support zone . Trade Safe! Good Health! Good Wealth!
NZDUSD is in mild downtrend on daily, which slowly starting to take shape. Dollar is gonna keep strengthening against most currencies. I am looking for shorts in nzdusd and eurjpy. FOR EDUCATIONAL PURPOSES
The New Zealand Dollar against the U.S Dollar has been a good barometer for the state of risk-on assets. It currently sits at around 0.7195, with technicals showing a possible strong move in the future. We now see a flat bottom wedge forming, with the wedge's completion seeing the NZD/USD make a violent move to the upside. Historically, the price is in an area...
retrace from Support , Buy , TP 200pip , No SL , observe the close of existing Candle , if it not close above previous candle , exit
If NZDCAD can reject the 0.618 fib on the 4h chart we can look for more bearish selling.