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Kiwidollar

NZD/ USD I am still posting Part 2 of my COT Analysis. However, we have a bearish Deep Gartley that I charted what seems like months ago! the 886 lines up with the 88 swing point and the lower and the lower part of the PRZ. PA has tested the whole PRZ the HSI and AMP RSI are both at extremes. the HSI has conducted it checkback and now im waiting for the floor to open up. now the Fundamental Analysis: As I have stated in my previous analysis the Dollar Index by the COT is a bit stalled but it could be the Commercials and the Non-Commercials closing positions as the Open Interest is drawing down. the 30 year Bond Yield still has plenty of room to move up... However the Kiwi is still out weighed by the Commercials buying... however, the Non-Commercials are still selling the NZD but its slowing down too.
Short
by ARegularGuy
NZDUSD- Impulse, correction... what is coming next? A sell?The 'kiwi' (NZD) is approaching a key fib level on the Daily time frame, is a sell coming? I enjoy studying this pair because of it's clean (obvious) moves in the market. With some advice from my friend 'Fibo' I am looking out for signs that price is going to reverse as it approaches that 61.8 fib level. Signs of reversal to look out for? Why I'm glad that you asked. An ascending channel forming as price enters into the key fib level, bearish engulfing candlesticks and lower highs created on the smaller time frame when it comes to PULLING the TRIGGER and entering the market. All ideas I share for educational purposes only. Happy trading! You've got this!
Short
by IAmQueenofPips
Kiwi to Sour? NZD/USD Ichimoku Short SetupI am looking and yet another drawback setup. The kiwi is in the middle of a drawback currently and I am watching to see if we get a push all the way back up to our flat kijun sen level. If we do, I'll look for a rejection to sell back down to our previous price structure lows. I've drawn my stop loss above the wick that I believe would disprove this setup idea, and I've drawn out some partial take profit levels to aim for as well. If we fail to push any higher or fail to show signs of rejection, this setup may become invalidated.
Short
by The808Trader
NZD/USD Asian Session Overview & Countertrend Trade IdeaReports of the death toll from the Wuhan coronavirus hitting the 100 marks against the 4,500 confirmed cases brought more bears to the markets’ yard today. And, with no major economic data on the chit, traders ran with the global risk sentiment for most of the Asian session. The prospect of reduced economic hit the Australian and New Zealand dollars, with the former seeing deeper losses as an Australian consumer survey hit a six-month low. Looks set for a retracement today’s U.S. durable goods report could also inspire some volatility in the next trading sessions. Bulls can take advantage of the support around today’s lows and countertrend on this major pair “retracement” until it finds fresh momentum. Countertrend trading isn’t for everyone but the reward-to-risk ratio is attractive if this major pair ends up back at the top of the channel.
Long
by Anatta0