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...
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...
Price action is within descending channel. Believe price will drop to the downside to test 0.6993 area. If price breaks below that could test 0.6920 support area.
Believe NFP will cause the NZDUSD to fall to support level 0.6921 area. Could break lower by next week.
FX:NZDUSD The rate is currently testing the former broken falling channel support as the new resistance. I am looking for a strong rejection lower to enter new short position on the larger head and shoulders pattern trade idea . I would like to see a bit deeper retracement higher for the rate to test the neckline of the head and shoulders pattern around 0.6960...
I'm gonna long the heck out of the Kiwi if we drop down to this daily area. This should work out very nicely. Target around 0.6950
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!
This another bull setup after previous AN trade of 1:6 RR If this played with right Money management can bring in lot of pips I will keep posting updates on Lower TF. Happy Trading
Fundamentally: increasing monetary policy divergence between the Fed and RBNZ. Technically: the Kiwi has broken its 2016 uptrend, and is retesting the underside of the 2016 trendline. Fair value is around 0.65 given the current economic outlook for NZ and USA.
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!
Looking rather bearish given this interpretation.
I've noticed a doji star candle on the weekly chart. So I believe that the NZDUSD will drop down to test major support area of 0.7050.
I believe that if price breaks the resistance line of the descending channel. Price action will reach to the next key resistance level of 0.7250 level.
Been waiting to use this new Renko chart on a trade and I believe this should be a good one. Let's see how we do.
This was formed from a breakout of the previous UP trend channel and already bounced off of the weekly S1 pivot line to retest the bottom of the previous trend channel. This forms the top and bottom of the next down trend. An early TP opportunity would be at the S1 level when it touches again incase of another bounce.