Entry current Stop below today's low (0.6593) Target between 1--1.272--1.618 Fibonacci multiplier of wave A in wave C. (0.6769-0.6818-0.6879) Risk/Reward almost 1:8!
Can go short on this pair once it breaks the support.
Hello! Yesterday we completed on the daily chart a nice Evening star candlestick pattern! The trend is Your friend!
going for long trade to the next resistance level.
GBPNZD has formed a corrective structure within a larger downtrend. This structure has a bearish setup with good targets to the downside. We saw the completion of wave 4 a few hours ago and I now await confirmation as to whether the break will occur now or whether we must wait for wave 5 to complete first.
Hello, Very interesting developments right now in the NZX - it only recently seems to have recovered from the 2008 economic shock... and then this happens. Wave A was clearly defined and there are 5 sub-waves that are valid and meet all extensions / dimensions. Then things get a little complicated, Wave B seems to have taken the form of an expanding symmetrical...
New Zealand Dollar had been one of the weakest currency besides the pound for the past several weeks. As we look at the chart, this pair is inching close to break above the downtrend line extending back from the high of April this year. When that break happens, we can expect Kiwi Dollar to lead as the strongest currency in the upcoming weeks. Happy Trading,...
Nice short trade setup till the next support.
EURNZD is about to break very important trendline. In the same time it formed the head and shoulders pattern. The pair can drop for 150-200 pips from here.
Once a breakout is confirmed we should open a long trade. The pattern height is 100 pips, so the target is near 0.689. Stop loss 20-30 pips below the entry point. Good luck!
EURNZD is finally stopped by the upper trendline of the channel. If the daily candle close below it, chances are traders are going to short this pair. RSI is overbought, price is dropping sharply in the last few hours. This could be the moment of the 4 weeks trend reversal. Let's see if EURNZD can drop to the 50% Fibo level, which is an important horizontal...
Kiwi Index has broken previous monthly lows. Weakness maybe? Could see some great opportunities with NZDJPY appearing today!
EURNZD formed a textbook example of a shooting star on the daily time frame. In the same time the pair rejected the horizontal resistance and the long term trendline. Wait for price to go a little bit up and then sell it. Take profits near 1.682. Good luck!
Here I have analyzed the NZD USD currency pair and this one will fall hard upon the release of credit card spending in NZD. RIP to the buyers of this pair. Happy trading !!!!
After attaining multi month lows "@ 75.5 we have since retraced, persisting the 61.8. A h&s could materialise for this pair for a nice R:R to new lows.