New here. First published chart idea. Just a simple one showing how I plan to play my NZDUSD trade. Entered short at 0.687 and planning to simply follow the arrow to my first 'checkpoint'. From there I may add a small long position to follow the more transparent arrow, while leaving my short in play. Ultimately my long term aim is to follow this pair all the way...
The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent. particularly in China. Combined with increases in the labour supply from strong net immigration, posting a financial stability risk. CPI inflation is below the 1 to 3 percent target range,
For today R4 - 0.6866 R3 - 0.6813 R2 - 0.6792 R1 - 0.6747 SPOT 0.6632 S1 - 0.6590 S2 - 0.6515 S3 - 0.6500 S4 - 0.6467 LONG AT 0.6640 FOR 0.6800; STOP AT 0.6590 How to trade support & resistance levels
We have a Bearish Head and Shoulders pattern on the 60 min chart with RSI Divergence. I'm looking for price to come back up and test .6583 level. This correlates with the top of the right shoulder and 50% of the Shooting Star's wick on the Daily chart. The Renko bars also rejected this level. I'm putting my stop just above the swing high. Target one at the first...
NU has been on a roll this past few weeks. Any pullback we have had has been met with a very bullish reaction. I think by the time the price reaches the .618 the 50MA will be close or around it and it should reject it sending it lower. NZD still has I believe another rate cut still looming and with the potential USD hike (which may or may not happen this year) I...
A potential shorting opportunity on the NZD/USD assuming today closes as a rejection doji. The range is quite tight with an overall bearish trend
Two weeks ago, I suggested that the kiwi dollar could stop falling (after 12 consecutive weeks of declines against the US dollar) as a long term support at $0.65 was being tested. Prices are back up to $0.6515 just before the RBNZ rate statement later today. The consensus expects another 25 bp cut in the main refinancing rate to 3.00%. The latest cut took the...
The kiwi dollar has fallen for 11 straight weeks against the US dollar (12 for the British pound), and I have the vague feeling that we may see the NZD/USD initiate a corrective bounce starting this week. Prices gapped downward to hit $0.6641 last night and are currently trading at $0.6697. I'm waiting to see how the US dollar performs with the return of North...
I think, 0.7600 level is very strong zone for nzd/usd pair. So, we are looking for short trade from this level with 40 pips SL. Our 1st profit target is near 0.7500 level which level act as support and 2nd profit target is near 0.7440 level. So, keep eys on it and Best of luck. Sell Limit: 0.7600 Stop Loss: 0.7640 1st Take Profit: 0.7500 2nd Take Profit: 0.7440
The fact that NZD/USD has reached major Support line on weekly + EMA 200 (on tradingview EMA is much higher i dont know why? on two other platforms is EMA 200 supporting weekly NZD/USD here it shows like break, check on your charts). Scenarios: 1. Here we can get agressive bearish 123 and retest of structure, it may be powerfull if it break that support ;) So...
0.8050-80 is the pivotal support/resistance zone established since March 2012. Look for this zone to be respected again if there is a rally to re-test this level. Short NZDUSD 0.8060-70 SL above 0.8100 TP1 0.7900 TP2 0.7700 ===== www.ForexPositive.com Twitter @ForexPositive =====
NZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea). Bases :Bias, Channel, Stochastic RSI SHORT SETUP IF price reaches 0.86962 THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151 ____________________ Signls IF This Stochastic RSI crosses the 80 oversold zone it will be a...