USD will move up to touch EMA, I think it's a good time to go long.
USD will move down in June as interest rates will be hiked until that time I expect dollar to keep going north. Unless, Trump will come up with some unexpected speech.
My previous plot was accurate while timing was slightly off, please check it:
Analysis is based on multiple fibonacci plots: monthly, weekly, daily and hourly intervals.
Short-term analysis:
Please pay attention to the main trend and don't get scared of the short term noise.
NZDUSD will move according to arrows visible on the plot it means there will be a chance to enter longs and shorts.
Long-term analysis:
In my perception NZDUSD is...
Hi everyone! NZDUSD broke all possible dynamic and static supports and is heading to minimums. After touchdown in will retrace. Although it looks like that the 3rd wave will extend and the 5th wave will end somewhere in 0.67500s.
4 Hour chart for your reference
From the Price Action, there are more selling
pressure than buying pressure in this consolidation pattern.
From COT Report,
For JPY, there are more non-commercial positions
added to long side.
From both Price Action and COT Report, there is
confluence that NZD/JPY might go down further.
Here are 2 trading plans for you:
1. When the price break the support...
FX_IDC:NZDUSD forming a nice consolidation flag before IMO another continuation for a move up.
Entry: 0.72051
SL: 0.7190
TP: 0.727
Any feedbacks are appreciated!
FX:NZDUSD looks like it held well on the 0.719 support especially the possible crossover of the 50ma/200ma confirming the bottom. Will take a long position once markets open on Sunday night.
Preferred Entry: 0.7190-.7195
SL: 0.717
TP: 0.723-0.729
Any feedbacks are appreciated
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...
This is one of my very first ideas that I have shared that I felt has been deeply analyzed and calculated. This Pattern will go long, but I expect it to go short after the pattern has completed. Why? to retrace and hit fibonacci levels such as the 0.5 and 0.382. For those are common levels that the market loves to hit before continuing its destination.
You can...
Is it going to turn at 7125? 7150? 7240? 7260? 7300? 7400? Its also possible that it doesn't turn and it simply breaks the 7480 high.
Nobody knows and i dont like to play guessing games, and thats why i prefer to wait for a topping pattern, and for the break of the red shortterm uptrend line before initiating a sell position.
Patience is a virtue, and it makes you money.
NZD is a currency that I do not want to long right now. It is now approaching its strength resistance from 2013. There is a small room for strength. I would prefer Australian Dollar though. So in case we want to be bullish Euro, Pound, or US Dollar, the Kiwi can be the currency to short with.
NZD can still appreciate further towards the red bar before any...
Note:
Congratulations to those who follows our winning trades
on this pair last few weeks.
Again, the price having correction as per our prediction previously.
Now, we have 2 trading plans for this:
1. The price pullback to both the resistance zone and
20-EMA, followed by a bearish signal. A good signal to
short with right risk amount.
But caution on the 1st...
Trade based only on MAs: 150 and 200MA crossing. Worth attempting short here.
Let's see if only MAs themselves are a good trade strategy indicators
(Well, we also have good resistance tested on 23rd Dec)
Good luck
