USDNZD Long Opportunity: - 0.6 Fib from last leg - Hits Support from Mid September - Hits 200MA - Stoch and RSI oversold and pointing upwards - 150MA and 200MA crossing for bullish Risky though, keep a close eye on DXY, if trend and Fib broken here, could be good sell
Buyers are trying to buy the Euro at 1.5200 area. A negative test average could provide excellent opportunities for sales. If the moving average 21 were to be exceeded on the upside, we could see a restart of prices up to the important resistance level. Carefully follow the price movement.
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.
Probably a new uptrend is being formed, might be a good moment to step in.
All signals are a go on this one as well. One could buy the future contract or sell a put option for a more conservative approach. Futures trading involves risk of loss and may not be suitable for all investors.
With This pair consolidating we potential have a setup to go short on the New Zealand Dollar. We can see clear rejection of resistance at "0.7300" with sellers coming in the market around this area. Targets are set at "0.7100" and under
Looking for a long-entry off the lower trendline. Keep in mind the pound is in a delicate situation and there is a good change the lower trendline will break and we will head to newer lows. Keep a sensible stop loss and hold the position long-term.
We have a huge double bottom that is even on the weekly chart visible. We can also see a beautiful shoulder head shoulder pattern on the daily chart. Wait for corrections/dips toward the broken very important neckline around 1.54/5350 for a entry with a target towards 1.60 or even more. This could become a very good trade, expect dips to be bought, and add to...
NZX50 just published a very bearish candle. Gapping to the upside then moving lower in a day. Possible short opportunity but wait for confirmation. Price overbought according to indicators.
We have a beautiful ABCD multimonth flagpattern on the AudNzd Pair. I am expecting a strong bullish move towards 1.1230 in the coming weeks. After breaking 1.0310 we didnt have any kind of follow through for several days. Sellers are getting dried out, and i think bulls are showing a strong hand with three consecutive solid bull candles and moving again above...
Textbook Bear Trap in EurNzd pair. This pair rejected 1.50 very strongly, and moved up to 1.55. We are now seeing a corrective move for the first bullish leg. I am looking for continuation and a second bullish upmove. Long @ 1.5345 Stop 1.5320 Limit 1.5825 If the stop is going to be taken out, i will be looking for a second more conservative entry opportunity.
Hello Traders, $NZDCAD is currently in a strong uptrend with no plans of reversing any time soon. However, looking at the overall structure, we can clearly see a Bearish Geo formation. To define points 5, 5', and 5" I always look for the completion of an AB=CD pattern. This is usually a good indicator or where price will reverse in the GEO'. The lines in red...
Thoroughly, I don't see anything slowing down NZD. A lot of strength overall in the economy. I am long term bullish on this pair. I do believe in time we can hit a target of ~.77( a risk reward of 1:6.3) but for now, I am long for the more recent coming target of about ~.74.80. I am long for the double bottom and break of the descending trend line. -Risk Reward:...
Either It bounce here to create left shoulder or waterfall by breaking green wedge. Target is to be in zone of 0.68500-0.69000. Happy Trading Jai Hind
1) Double top formed @ Daily resistance @ 109523 zone 2) Downside shifts in MA's 3) Previous/ most recent daily candle closed below resistance level @ 1.84228 zone, if zone holds + next daily candle close below zone will warrant further shorts. 4) Target 1 @ 1.80041 5) Target 2 @ 1.76786 = Daily support zone giving extra confluence
NZDUSD formed an elementary reversal setup, the price went up very quickly after somehow bad data from US, hit the resistance area and got pulled back. You can see the upper wicks indicating, that sellers were fighting back and gaining more control, thus we may see a really nice reversal at the beginning of the week.