________________________________________________________________________________________ Trading Rules: Tools Don't Think: Some traders try to make up for insufficient skills with expensive software, prepackaged with all sorts of proprietary buy and sell signals. These tools can interfere with valuable experience when you think the software is smarter than...
The kiwi has come to re-test the median line of the long-term pitchfork Alongside that pitchfork is the shorter term one (albeit a bit messy), already bouncing off the median line. Also previous highs on Dec 13 set up as a pivot zone
Hi traders, NZDJPY is on an uptrend, creating higher highs and higher lows, the price on strong support area and the chance to go up and continue its trend is very likely; here is the setup: NZDJPY Buy at 72.565 Stop Loss at 71.689 Target Profit at 74.462 Check Telegram bit.ly Broker I trust bit.ly
The symmetrical triangle is on the daily chart of AUD/NZD. It offers a downside breakout trading opportunity. The triangle's borders are drawn using the yellow lines. My potential entry level is placed at the cyan line. My potential take-profit level is placed at the green line. I will use the high of the triangle's base as my stop-loss level (1.04867).
________________________________________________________________________________________ Trading Rules: Avoid the Obvious: Profits rarely come from following the majority or the crowd. When you see a perfect trade setup, it’s likely that everyone else sees it as well, planting you in the crowd, and setting you up for...
Buy at 72.65 The medium term bias remains bullish The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing Bespoke support is located at 72.65 Further upside is expected although we prefer to buy into dips close to the 72.65 level Expect trading to remain mixed and volatile Stop: 72.30 Target 1:...
Market participants seem to have taken Fed’s liquidity injections as QE, dragging dollar down. Despite increasing the balance sheet, the Fed’s move should be really reassuring investors that funding pressures, at least in the short-term, are and will be lower. Or, should it not? Well, the demand for funding was slower than expected near year’s end. But is...
The rise in NZDUSD reached the upper band. The strong ascending trend led the recovery to continue, yet couldn't become permanent above 0.6730 area. 0.6710 and 0.6690 levels will be on our radar as supports for the continuity of the possible retreats. On the other hand, 0.6730 and 0.6780 will continue to be important resistance levels for us.
China announced they will be lowering tariffs on a number of items come January 1st, making markets looking more festive ahead of Christmas! Aussie and Kiwi took the headlines with a positive tone, however, Cable kept entering lower territories on the back on post-election no-deal fears! Will the Santa rally continue? Have a look at our Elliott Wave analysis...
New Zealand Dollar is among the strongest majors following better than expected GDP growth. New Zealand GDP grew 0.7% qoq in Q3, above expectation of 0.5% qoq. Q2’s growth rate was revised sharply lower from 0.5% qoq to 0.1% qoq. Technically, the next direction of the NZD/USD next sessions is likely to be determined by trader reaction to the 61.8% Fibonacci level...
Asset: Kiwi Trade: Short @ 0.6597 Stop Loss: 0.6606 TP1: 0.6567 TP2: 0.6547 Telegram Channel: t.me
NZDCAD was a trade we took to the upside and hit our upside target. From here, we talked about watching for a potential trend reversal, and we are very likely getting this now. The uptrend with higher lows and higher highs is now exhausting. 0.8635 is the higher low we are working with and are awaiting the break and close below. You can see we expect a lower...
Long-term pitchfork has been in place dictating price movements since 2016, and the current rally could potentially have found resistance at the median line. Other potential resistance levels alongside this: Trend line off March-July highs 25% slope in new untested pitchfork
This pair has been on a larger bullish run over the past few weeks and I am looking for that to continue. We are down near kijun sen here and I am looking for a push back up and beyond price structure highs we saw last week. I am looking for a good support candle to form to buy on for a chance to go ahead and get long to our targets I've drawn out. If we...
The New Zealand Dollar could be weakening on profit-taking and we can see a pullback into a support area at 0.6567, which is 61.8% Fibo retracement on the fall from 0.6790 to 0.6203. But the pullback from 4.5-month high could be temporary, cause on the daily chart we may have a bullish crossover of the 50- and 100-day SMAs. Once its confirmed, this should...
The kiwi has been on a rise for the past week and now I am looking for a drawback and support to hold for a chance to get long back into that trend. We're close to entry here at market open which actually may give us a quick entry into this with the gap that formed. I've drawn out price structure targets on our way to overall price structure resistance that...