The New Zealand dollar is the official currency of New Zealand and some of its surrounding territories. It is one the of the ten most traded currencies in the world with favorable interest rate differentials helping to make if a poplar currency among Forex traders. The New Zealand dollar is commonly referred to as the “kiwi” after the bird which is often associated with New Zealand and appears on the $1 coin.
NZDUSD Daily Breakdown
NZDUSD remains in this downward channel, creating lower highs and lower lows, we can expect furthder downside continuation if price breaks and closes below the 61.8% fib level.
Overall longer-term bias -- Bearish
Follow for more updates on this pair going into the week ahead.
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NZDCAD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Small and Slow pullback to the upside in H4 Timeframe
DAILY
We have a Bullish Daily Wave with over 5 Days expecting a drop now..
WEEKLY
Small Pullback last two weeks after a big drop!!
LEVELS
SELL NZDCAD @ 0.89780
SL @ 0.90990 (120 ...
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EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish break above previous week resistance and High with over 80 Pips moved
DAILY
Bullish run continuing and forming New Highs in nearly all Timeframes.
WEEKLY
3rd Bullish Weekly Price movement occurring with a lot of HH and HL ...
NZDUSD bounced nicely off its support at 0.6750 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.6855 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 2.9% where a corresponding rise ...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the ...
NZD/USD
It just had a strong swing down and I am bias toward bearishness now.
0.68 shall act as good resistant while it should easily swing to 0.67 regions and possibly lower.
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Sonic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or ...
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AUDNZD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
30 Pips Price action above previous week high breaking our main Resistance
DAILY
Overall very bullish after taking out 1.066 Key Area exploding to the upside
WEEKLY
Wave Completed, I see some bullish movement also in ...
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EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong bullish break above previous week high
DAILY
6 out of 7 Days overall very bullish
WEEKLY
Market pullback after taking out 1.65700
LEVELS
LONG @ 1.69434
SL @ 1.68700
TP1 @ 1.70168
TP2 @ 1.70535
TP3 @ 1.70908
Weekly trend ...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000 and ...
NU
It went below the strong support of 0.68 and a lot of Buys' SL are triggered.
It seems like we are on the reversal mode for now and it should be able to see 0.688 level as strong resistants.
DO not short for now, it is better to wait at the higher significant level.
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Sonic
Disclaimer: ...
Hope this idea will inspire some of you !
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The corrective structure on EURNZD daily chart has broken to the upside but does that mean that it is time to jump into this trade? In my opinion we need to wait for confirmation of direction before entry. I am expecting to see a flag formation at this level on the H4 time frame which if it breaks up, I will enter the long. The possibility still exists that we ...
Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ).
Stochastic (55,5,3) is also reacting off resistance ...
NZDJPY is approaching resistance at 76.10(61.8% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizonal swing high resistance) where it could potentially reverse and fall to its supprot at 74.91 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a ...
