Hi everyone this is a valid pattern in my opinion, with fairly good legs. Depending on your rules we might also have a trendline. The targets are highlighted on the chart Lets see and Good Luck
With the current sell off of the Kiwi, we are approaching an area where there could be a reversal. This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal. Price may rebound between the areas marked out by yellow boxes. The sharp drops from the yellow boxes above (supply zones) tell us the pair could rebound upon returning...
I believe the price would make a strong breakout and if that happens the result would be the one i describe on my chart.
Friends, As you may recall, a recent predictive analysis/forecasting was released for this same $NZDJPY pair, pertaining to a higher timeframe (4-hour - See link below). Fundamental analysis remains intact here regarding the $NZD. PREDICTIVE/FORECASTING MODEL: Looking at the internal activity of the aforementioned 4-Hour chart, I applied the...
Traders, Sorry for this late entry. Analysis originates from early December - Please, ignore TG-1 hit to keep it honest. Here is what I posted as a retrospective commentary on the "Predictive Analysis?Forecasting" chatroom today - I hope this makes things right by you: =============================== * * * 10 DEC 2014 * * * - H4:I thought I saved this chart...
We already got major trend change for NZD/JPY but we are only waiting for good entry!! We may not reach previous structure for entry but we will have to entry earlier after breakdown of retracment up to EMA 36. Using heikin ashi candles helps us that so after breakdown of retracment i will short it defnitely. Resons for trend change are already written on the...
From my earlier published chart of CADCHF was suggesting commodity currencies are exhibiting weakness. NZDJPY could be another example and an excellent configuration for hunting a short trade which as potential to drop back to 70 zone in due course if not lower. Also that this is a weekly chart so it getting a good entry and suitable position size would be very...
Friends, Today, I tweeted several signals and commentaries on this pair, looking at a smaller 4-hour timeframe, compared to this bird's eye daily view - Here is the original signal: twitter.com The interest in the first 4-hour timeframe had to do with the development of a bearish Kiss-of-Death, which carries a high rate of success in moving in its intended...