the chances of further rnbz easing this year are over priced 100%, net longs on the kiwi are still light and the carry friendly global environment favours carry trades at interesting entry
gl
Another Good one Today,
NZDUSD
*Longterm Channel going UP
*Midterm Trend showing DOWN
*EMA200 Acting as Resistance (Needs to break for more up movement)
*RSI Oversold and turned(ing) DOWN
Follow the Price and Trade
Fibs shows that it bounced off the 0.236 4 times. With enough confirmation that it will be going down. Also there was a doji which is another sign of a reversal. The overall trend line shows a bearish trend continuation.
RBNZ cut interest rates and the uptrend is still intact with dollar weakness unable to gain advantage. Pretty simple move for traders to ride the wave and land on the beach. Cheers!
IF anything, the daily candle speak for itself, we hit SL in our previous chart because of the rate cut volatility, but that's all behind us now and am shorting again....
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential Short position for at-least 600 Pips, It has a potential for 1500 or more pips, the minimum expectation is 600 Pips from this trade !
I am following this pair for quite a long time now and already made a good profit. I'm already in this trade and keep adding new short positions if it goes...
After another impressive run last week the Kiwi has come under pressure around the 0.7300 level – failing to advance higher for the second time.
Looking at the 4h chart, next line of support comes in at 0.7215 followed by 0.7150 and the 0.7100 region.
The short term outlook continues to look bullish and buying dips is our preferred strategy unless price manages...
GL guys....
Likes, comments and shares are much appreciated, thanks for all the support you've given me over the past few months and glad that everyone had a lovely week back with me on gbp/usd.
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Im mostly looking to go long on this trade to ride its final 5th Wave up. But as for my aggresive trading nature I am keen on selling the breakout of the recent hourly trend which Im looking to get a 2:1 Return .
My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher.
If...
Morning chaps....
Long term view on nzdusd moving forward, if this channel and .236 fib is broken earlier than expected, no-brainer to be short till .62636
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