Forex cross pair AUDNZD is rallying and creating a brand new daily demand imbalance. In an uptrend supply levels are removed and demand zones and imbalances are respected.
The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015 SO technically i see a rebound on this technical cluster/area i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand Aslo even is political problem of...
Massive move possibility overtime, as you can see in the weekly trend price is making lower lows & lower highs. Price finished making its lower high now breaking its weekly trend line I'm expecting a retest to go short for a possibility of 1000+ pips in the next 3-6 months potentially. :)
Possible ascending triangle, price broke out of its daily wedge pattern last week. Could potentially see more upside to this pair watch for breakout.. A break below 1.67720 will determine this as a "false break" & could head back into its daily wedge..
Watching for weekly candle close once the market closes tomorrow. Will be watching this setup for next week! Break or bounce?? :)
"kiwi drops most in a year" www.reuters.com
Looks like price retraced back to strong resistance, 200 EMA playing on that as well. Price seems to be trapped so I am waiting on a close below the red rectangle & possible retest to visit its recent low. Potentially break that level & touch its daily uptrend line. Price is making lower highs & lower lows at this time.. Trade with care!
Price has broken the possible support level.
Hidden Divergence on RSI suggests upside continuation; However, the question is how far will it reach before heading south. Based on Fibonacci golden ratio of 61.8, it may reach supply area @ 0.7375.
Price bounced off the 61.8 level last night back up to resistance. Price broke though & seems to be making a doji above broken level, turning support potentially. Waiting for the 4 hour close for confirmation whether we will get more upside or a close back below this supply level. Nice setup here & I expect more weakness to the dollar as well. : )
Price broke out of its uptrend channel & support level. Came back to retest broken level at the 38.2 fibonacci level turned resistance, now expecting it to fall. Next area of support would be at 1.62200. Nice setup here.. Trade safe!
Looking to go long as price is currently above support. Price may touch the 61.8 level one more time before continuing its uptrend.. Higher low was made now looking for another move to the upside. As long as the uptrend line holds I will be looking to take another long opportunity here. Trade with care :D
NZDUSD breaking lower reacting to monthly supply imbalance, lots of room for price to reach weekly demand level much lower around 0.69. Shorts at daily, H4 and weekly supply zones
Kiwi Dollar have recently broken above the long term downtrend line and completed the backtest of support. Looking for an upside rally to 0.7300 level to complete ABCD pattern.
Price bounced off top of counter trend line yesterday. I am expecting a small rebound to the upside to its supply zone, as price rejected uptrend line & is holding above support for now. Quick 40 pip trade then out :)
1H - The NZDUSD was in a strong downtrend however that recently came to an abrupt end. It has tried to form an uptrend after that downtrend exit however that has come to a halt due to a strong resistant point which then led it to fall back onto the black line which has acted as a support for it. Because of this, we can see two potential trades, short or long. We...
GBP/NZD 1H Chart: Channel Down The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago. In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped...