in upcoming week we will be looking for short Opportunities ...
Above is our previous potential signal on NZDUSD , you will see that the signal proved to be very nice. Upon a break above the short-term downtrend line there was some good bullish momentum that came into the picture that provided a very good opportunity to get long WITH the trend. We cannot stress enough the advantage of trading with the trend as a trader,...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
Fed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also. Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
NZD USD overall up trending momentum seeing Bullish signal on support trend line pull back, close to major 1D support area. Looking at 50 point stop, placed below the low of the previous indecision candle. Entry - looking for further bullish momentum to break previous candle high @ 0.6803 1.2 risk reward
In January this year we entered a bullish trend. Recently it broke a resistence level that's been in place for half a year. It has been above that level for few days. It couldretrace back to 0.382 Fibonacci level and keep the bullish trend above the resistance. Following the fact that it keeps setting new highs, 0.382 Fib level is a good entry point for long. Good luck!
The pair is breaking out of the corrective structure to the upside providing a good opportunity to buy after a confirmation of break, right now there is also a chance that it may go down to complete an expanding triangle but I will be buying as soon a confirmation of a break is noted to me.
NZDUSD have clearly buying Opportunity , So i will looking for Low Risk buying Dip if market made .
NZD/USD is extending declines from strong trendline resistance at 0.6870. We see scope for downside to test 0.6715. Data today showed that visitor arrivals fell by -1.6% in February after a 2.7% rise in January and net migration for February came in at 6070 vs 6130 in January. Earlier today Q1 Westpac consumer confidence also fell to 109.6 from 110.7 in the...
Technicals indicated downside for the pair: - We see divergence between price action and momentum indicators - (Stochastics and RSI making lower lows) - Stochs have rolled over from overbought levels with a bearish crossover - RSI is biased lower Kiwi unable to extend gains beyond 0.6819 and is extending downside for the third consecutive session. Renewed bout...
The pair is breaking down and it's a good idea to short the pair after you get the confirmation.
A quick look at the weekly chart : NZD/USD looks ready for a big downward impulse after a few weeks of correction. Prices have started downward impulses at the top of the trend line. Downward trend remains strong on this pair. Shorts are recommended as long as trendline holds. READY FOR THE BIG FALL! Goodluck and all the best to everyone (:
We've had 5 hit points on this falling wedge. Given this number and the fact that the market is very near the apex of the triangle expect a break into the upside on the next hit, but it could of course be on hit 7. Green lines indicate the profit targets. Second one is most likely and the third one will be a really good hit. Massive risk/reward on this trade.
As you can see, we have a double top pattern plus channel breakout. My first target is the level of TP1 and my final target is the 127.20% fibo extension at 0.62025.