Price rejecting BB resistance, Fibonacci retracement level, wedge resistance and previous support turned resistance.
Have been waiting to get short this pair- short NZDCAD post the New Zealands central bank meeting which took NZD in to todays top performing G10 currency- looking for descending red trendlines to hold and for the pair to trend back down to low 0.89 area and potentially break to the downside. Pair currently in overbought territory following the overnight spike.
NZDUSD is approaching our first resistance at 0.6852 (100% Fibonacci extension , horizontal swing high resistance ) where we might see a drop in price to our first support at 0.6803(100% Fibonacci extension ,38.2% Fibonacci retracement, Horizontal pullbakc support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price...
NZDCHF is approaching our first support at 0.6684 (horizontal swing low support, 100% Fibonacci extension, 50% & 38.2 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6748 (61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we...
void fills left right and center lul! no fill = no trade. GL
Expecting further downside on NZDUSD. There's more to this setup but our strategy is for our private students.
Wait for a break and close below the neckline to enter. Tomorrow we have USD GDP at 8:30am EST so be very careful. Considering locking in your profits if before the announcement if the trade becomes active or let it run for the potential of larger gains. FREE Telegram channel: t.me
AM EXPECTING THIS DROP HERE for GBPNZD PLEASE WATCH OUT FOR IT. should be a good one WATCH OUT please like, comment and follow :)
NZDUSD Broken and retest trendline trade.. first target recent swing low.. good luck with NFP tomorrow...stay away from USD and/or CAD pairs if you are new to the trading or have small accounts or use tight SL. Please hit LIKE, SHARE and Follow for more ideas. Vinny
The long term trend for this market is DOWNTREND As you can see the market has retest the Support/ Resistance area and as you can see as the price hit the resistance zone, there is an existence of the Seller aroun that area, Why i enter short at this market? 1) The long term trend is downtrend 2) The break of the Demand Trendline as you can see on the...
This seems to be a possible future scenario at this point - given recent USD strength, a correcting NZX, and downward pressure on commodities. I would say this is 97% technical analysis with a tiny bit of fundamental analysis sprinkled in for colour. The last ending triangle at the bottom trendline broke upwards with conviction, I would expect this to do the...
One thing that I have noticed with this pair is that it moves erratically. Price only respects EMA on smaller time frames- 4H or <. As I am writing this price is breaking below another one of my support levels. If I could get a retest of the the 4H I will consider taking a short position since there should be positive U.S. data released on Wednesday.
Similar to monthly structure. Price has reached a critical point in the structure. Ideally, I would like there to be a break of trend support before there is any kind of retest of daily support/trend support. Looking for either a break of the neckline (conservative) or a break of trend support (aggressive) for the pattern to be activated. It seems that this pair...
NZDUSD just approached an interesting level where previously has stalled and reversed. Keep an eye for potential short opportunity, await confirmation with a solid downtrend candle, preferably on 4 hourly. *This is my personal analysis having watched the pair over the last few weeks. Breaking 0.74500 could see the pair continue to rally and reach 0.75600 and...
Few possibilities for the NZDUSD, this week the market will be focused on the tax bill which is likely to be passed soon so we may get some dollar strength and hence a lower NZDUSD however our entry is still based on signs of supply and demand entering the market so no entry until a clear sign.
Waiting on pattern to break after pair fall broke through few major levels (bearish). Currently retracing which id expect to finish at CZ (also fib level)
Price will drop to that level Good Luck! :)