The pound, having been rallying over hopes of a deal after the BoJo-Varadkar meeting, may see a corrective fall. In such an event, we will watch 1.9990 and later 1.9950 as support levels. Further below,1.9900 should be followed.
The NZD/USD currency pair should target about 100 pips profits during the next trading sessions.
The pair price has lost significantly during the past several sessions. For now, 67.20 seems to be a solid support down below near the lower line formed recently. From there we can expect a rebound for 67.40 and later 67.60
The kiwi has started to fight back a little here and is now attempted a kumo breakout. We are in the middle of a drawback to re-test our trend support at the kumo and tenkan sen. I am looking for support to hold for a chance to get long as we attempt to rise up and challenge previous price structure resistance. I've drawn out several partial take profit...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Swing trade in New Zeland Dollar. Good ratio benefit. Sharping my entrys and bored of cryptos.
It looks like the corrective minuette wave ii completed or it's going to complete its bearish course near 1.7156/1.7300. The recent attempt to push prices down brought the pair lower where a subminute ,otive wave can be expected. This would add to validation components that could have minuette iii completed. SHould that effectuates, participants could look at the...
LOOKING AT NZDCHF FOR A LONG(BUY) SETUP OPPORTUNITY ALTHOUGH WE HAVE THE POSSIBLE SETUP POSTED FEW DAYS BACK WAITING CALM TO CONFIRM THE MOVE TO ANY OF THE SETUPS
EURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade. We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip...
NZD was hit hard after ANZ Activity outlook fell to -1.8 (lowest since 2009) and business confidence fell to -53.5 (lowest point since 2008). We like selling NZDUSD in the 6270/80 area looking for a break of recent lows, which would open up further downside towards 6200.
heres my nzdusd outlook, we can see how price formed a double bottom pattern on a key support area for a upcoming +300 pips movement trade with care and happy trading
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore. I do see scalping opportunities (in 15 min or 5 min...
As pictured above on weekly chart: ***if considering 12345 as a pattern, see that : 1) point (3) has correct 0.88 of (12) wave. 2) point (4) has correct 0.5 of (23) wave. so if search in harmonic patterns we found that it can be deep crab so: the point (5) could be at 1.618 Ext(12) that if draw Ext(34) and App(234) see that they are all convergence to each...
As for now such strong bearish sentiment price broken all s1.2.3 weekly of Pvt point in my 2hrs chart and floating below Pvt point of weekly + monthly (blue line respectively) is a total indication of bearish sentiment. When price reaches and holds around 66.702 (may have chances as knowing this strong bearish sentiment market) which was an older strong support...