Small short position on kengura kiwi for today
#NZDUSD short has been working well, pyramid style has begun.... Short @ 0.7103 & 0.6984 Targets still remain, but believe this will continue to go lower pass targets Kudos to all the shorts Gann Analysis
Similar fundamental reasons underlie my bearish bias on the Kiwi. The bidirectional monetary policy impacting rate differentials being the most meaningful. Further, technically, one would expect some material levels within the next handle, as evidenced by my red support line which roughly marks out the neckline of a head and shoulders top. Finally, with the MACD...
this is not a set up. its simply the back testing of my strategy on this pair. have a look and review it yourself :) hope u enjoy!
RBNZ has not changed its dovish stance. Fed remains hawkish. NZDUSD showing divergence to 0.7322. Strong resistance on 4H chart. Many major banks forecast NZDUSD below 0.70 in medium term. This currency pair is a sell at spot.
#NZDUSD Dollar has momo now, so my original target is VOID... Short 0.7103 / SL 0.7132 for a scalp Lets see how it pans out Gann Analysis
#NZDUSD got stopped out @ 0.7200 for a nice scalp trade.... on the sideline for now.... have my eye on US Dollar to see if it is going to trend higher on the rate hike... or sell off Gann Analysis
#NZDUSD keep an eye on 0.7233 could be major Res.... Trailing SL Bias is still long Target 0.7336 12-27,28
#NZDUSD If the fed dont raise interest rate, our calculations and predictive models are saying kiwi could make a swing pivot high on 12-27,28 / 0.7336 still long raising my SL.... Lets see how it pans out Gann Analysis
#NZDUSD the battle is on, kiwi needs to stay above 0.7124 if it is going to continue momo to the upside.... but if stay below and close below 0.7124 trouble waters are ahead Gann Analysis
Kiwi has a very neat chart structure with accurate touchpoints within the trend channel. The structure was broken last month and we have a very healthy pullback after that. It touched the broken trendline and now heading south. The structure shaped a bear flag pattern with a target at 0.6710.
#NZSUSD locking in profits @ 0.7148 now flat from all my longs position on kiwi.... Awesome scalp! Gann Analysis
#NZDUSD bears tried to knock it down but its not time yet..... stops in place
#NZDUSD so far our forecasting models and mathematics calculation was indicating a swing pivot low. Keep an eye out for next week.... I will work on my models and calculation for a possible swing pivot high.. Kudos to those that are long Gann Analysis
NZDUSD has been ranging since June so here is a time when the SuperTrend has flipped as we have bounced off the bottom range channel and crossed the 50 SMA. This isn't catching the bottom style of trading but I sure am looking to get a big chunk of that middle!
Retest of 38.2 level (confluence with trend line) before continuing downward. Thoughts?
#NZDUSD so far my calculations and forecasting models are on point! picked up 0.7077 still long, scalp short term trade Gann Analysis