NZDUSD on the 4 hour time frame shows a nice double top thats going down. a long this way down it has also broken the support level, fueling a further sell off. Stoch also looks right for it. I also did a quick peek on the daily and here you can see that the previous low has been broken and Stoch makes a bearish crossover. so we can be at the start of a nice sell...
Possible long opportunity for NDUSD.
Possible TP line:
TP 1: 0.75645
TP 2: 0.76294
TP 3: 0.76640 (Next level of daily structure/resistance)
Exercise caution please
Buy above 0.7461. Stop loss at 0.7401. Take profit at 0.7549.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7461 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level for price to reach at least 0.7549 resistance (Fibonacci extension, horizontal...
Sell below 0.7528. Stop loss at 0.7560. Take profit at 0.7461.
Reason for the trading strategy (technically):
Price has continued to rise and is now seeing strong resistance at 0.7528 (Multiple Fibonacci extensions) and we expect to see a corrective drop from this level to at least 0.7461 support (Fibonacci retracement, horizontal pullback support).
Stochastic...
Sell below 0.7423. Stop loss at 0.7461. Take profit at 0.7332.
Reason for the trading strategy (technically):
Price has finally properly broken our key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell below this level for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low...
Sell below 0.7423. Stop loss at 0.7461. Take profit at 0.7332.
Reason for the trading strategy (technically):
Price is hovering above key support level at 0.7423 (Fibonacci retracement, horizontal overlap support) and we plan to sell on the break of such a key support for a push down to at least 0.7332 support (Fibonacci retracement, horizontal swing low...
Sell below 0.7480. Stop loss at 0.7510. Take profit at 0.7394.
Reason for the trading strategy (technically):
Price is fast approaching major resistance at 0.7480 (highest point for past 2 years) and we expect to see a drop from that level to at least 0.7394 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing nice...
NZDUSD has broken the decending channel it has been in since July last year.
50MA has crossed over 200MA to the upside, will see a NZDUSD going up?
I thought i might breakout earlier this week but it failed. I have seen many selling NZDUSD but i seem to be right in the end.
High impact news for the coming week
Tuesday, July 18, 2017
NZD Consumer Prices Index...
NZDUSD stop at february resistance around 0.7371.
Bearish will take a new position if the trendline breakdown with fibonacci .618 as new destination.
last confirmation need at break down trendline, 250 pips will be a good reward at 0.7050 profit target
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Hi traders!
A weekly chart! We need to see the bigger picture here. I finally see NZD pushing through these bearish time to get back up to a new zone in of interest. You can always catch similaties between this and the AUD. The AU has been able to push on last friday and I can easily NZD trying to do the same this week.
NU hasn't been able to close either daily...
Sell below 0.7367. Stop loss at 0.7391. Take profit at 0.7300.
Reason for the trading strategy (technically):
Price has bounced up and reached our profit target perfectly. We prepare to sell below major resistance at 0.7367 (Fibonacci extension, horizontal swing high resistance, Elliott wave theory) for a drop from this level towards at least 0.7300 support...
Buy above 0.7244. Stop loss at 0.7213. Take profit at 0.7299.
Reason for the trading strategy (technically):
Price is approaching major support at 0.7244 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level to at least 0.7299 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is...
Buy above 0.7326. Stop loss at 0.7296. Take profit at 0.7398.
Reason for the trading strategy (technically):
Price has formed a new Elliott structure leading us to believe that we should be seeing one last push up before a drop. The goal is to buy above 0.7326 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7398 resistance...
Sell below 0.7345. Stop loss at 0.7372. Take profit at 0.7289.
Reason for the trading strategy (technically):
Price has risen and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 0.7345 (Fibonacci extension, bearish price action, horizontal swing high resistance) for a drop to at least 0.7289 support (Fibonacci...
Shorting based on :
1)Signal generated at the top of channel
2)RSI divergence
3) we are about to break a trendline
Short active once we break both trendlines, purple and dashed yellow.
to be on the safe side, wait for a candle to close below the 2 trendlines in 4 hour time frame.
We see AB wave completed, now CD wave in process. We short this pair from current level and book profit at 0.6970.
We post analysis on lower time frame during the week to further elaborate it.
Let's Watch !!
... in a nutshell we will see a 25bps hike tomorrow as widely expected (95% odds) ... this will add colour to the policy equilibrium with inflation and employment both on track in the U.S
-> with that being said, this decline will focus less on the interpretation of the hikes, instead the details will be in balance sheet, the rhetoric will be important as we...
