I have been looking for this move, for a long long time. Finally we have the big boy impuls. Look for a higher low around 1.48 thats where a good entry should form on lower timeframes. I am looking to leave my positions for 1.72 and 2.000. These are my longterm targets on this pair. Once this beast starts moving, it will be violent and fast. but right now we...
Setting up a sell stop order with TPs at S2 and S3 pivot lines, and SL few pips above S1. Price action in higher time frame charts also support the drop www.sharechat.co.nz www.economiccalendar.com D: W: Confidence: B (the latest Trump's State of the Union is driving the Kiwi down which might only be temporary and it's highly possible that this pair...
No-brainer analysis. Happy trading!
Looking for two waves up on the M15 chart. Then a trend line breakout would trigger a sell. Protection above 0.7335 Target 1 - twice the SL Target 2 - 0.7240
At 2000GMT the RBNZ will announce their rate decision, with unanimous expectation of rates to be held at record low 1.75%. I believe comments from the RBNZ will be mildly bullish for several reasons. Recent data out of New Zealand has been encouraging as CPI has returned to the RBNZ’s target (1-3%) with both Y/Y and Q/Q figures printing better than expected, and...
NZD is in steady up-trend against loonie. Recently pair has drawn bullish flag and giving confirmation by taken out .9632 resistance. Next minor resistance is @ .9666. A corrective move may produce excellent buying opportunity from .9450 handle, Wait for a reversal signal before you enter LONG. As I mentioned in recent published NZDUSD idea that kiwi and...
We observe a tug of war between buyers and sellers near .7280 -.7310 area, here lies the confluence resistance, channel bottom line crossing the down trend line. 1- RBNZ rate decision may give the direction cues. 2- Longer term down-trend is still intact with resistance @ .7740 handle, but since Aug 2015 kiwi showing resilience against greenback. 3- we have...
First target was already reached on this nice short on the Kiwi, I'm holding half of my position hoping to get past the 0.7240 area.
I am not gonna say much, except i am buying with a stop around 1.0320 targeting a serious move higher.
Perfect setup. The multimonth correction is in my opinion over. Look at this tasty ending diagonal, if it plays out, there is some big pips to be made. We have a dynamic impulse after the NZ-Unemployment report. It came in very weak. Market made a false breakout to the downside, and now it broke the golden trendline. Watch for a potential flag, or corrective...
Might not have the best cypher pattern, but it is very close (it is off by 0.02-0.03 in both extentions, but spot on the retracement). We are at very crucial point as we are hitting multiple resistance lines around the 0.73 level. USD looks like it is going to continue its bull run and I think one of the best pairs to go Long USD is this one. Again we have an...
Pair made a false break on the D1 chart and completed a bullish cycle on the H4 chart. I'm looking to sell inside the 38%-50% fibonacci retracement zone. Target 1 - twice the SL Target 2 - 0.71 SL - above last high
NZD/USD has remained bullish after the bullish CPI data that I successfully predicted. Prices moved lower after testing this descending trendline to pull back to key support, and is now continuing its ABCD move higher to possibly retest this structure. There is some uncertainty surrounding the US dollar amid Trump's policies after he signed travel ban for several...
This is a daily NZD/USD chart. Later today we have key New Zealand Q4 CPI data and comments from RBNZ Governor Wheeler. Both releases are likely to provide volatility so it would be wise to cover open positions and avoid opening positions around the time of the data and speech (21:45 GMT and 23:00 GMT). Data from New Zealand has been mostly positive since the last...
FX:NZDUSD The rate has climbed up to test the two-and-a-half-year falling trendline resistance (which is also a 3-month-long falling channel resistance) At the moment I am flat/slightly bearish and will be looking for a reversal pattern at the resistance (double top or head and shoulders pattern) to target the the rising channel support around 0.7000. Only a...
After the probe in price, there is a potential for more upside movement in price. This upside movement can easily test the "Daily trendline" before a potential fall in price. So, buying the breakout of the flag is not a bad idea. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
Is it going to turn at 7125? 7150? 7240? 7260? 7300? 7400? Its also possible that it doesn't turn and it simply breaks the 7480 high. Nobody knows and i dont like to play guessing games, and thats why i prefer to wait for a topping pattern, and for the break of the red shortterm uptrend line before initiating a sell position. Patience is a virtue, and it makes you money.
NZD is a currency that I do not want to long right now. It is now approaching its strength resistance from 2013. There is a small room for strength. I would prefer Australian Dollar though. So in case we want to be bullish Euro, Pound, or US Dollar, the Kiwi can be the currency to short with. NZD can still appreciate further towards the red bar before any...