There is a downtrend. Set Entry level - 0.73264, TP - 0.72862, SL - 0.73664
There is a uptrend. Set Entry level - 0.72938, TP - 0.7323, SL - 0.72638
There is a downtrend. Set Open price - 0.72459 TP - 0.72057 SL - 0.72859
I want to see market price pull up to the resistance at the .7255 zone/50ema as well as momentum and macd to pull up to their resistance points. When all three have pulled up I will look to take a short targeting new lows at the .7160 zone
Morning guys, Weekend is almost over and I will be enjoying the last few hours before the markets opens and another action packed week begins. Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for...
NZDUSD IF WE HAVE A LOOK IN THE PAST THE 0.618 FIB ZONE MAD E THE PRICE TO GO VERY LOW AND NOW WE SEE A RETRACE ! I AM WAITING TO MAKE A BREAK ON THIS FLAG CREATED BUT IT MAY ALSO GO A LITTLE UP SO YOU CAN MAKE 2 ENTRIES 1- @0.69260 AND 2- @0.70000 AND BOTH SHOULD HAVE TP @0.67050
Morning Traders, The recent upward spike was quickly and decisively reversed, once again providing strong evidence of N.U's inability to maintain rallies above .730 Targets 0.66650/0.6700 Best of luck and congratulations to our premium members who have made the most of recent fx volatility. Thanks and thumbs up if you found this helpful!
NZD/USD BUILD A TRIANGLE . An example about how we can forecast next move in short term for this currency
Evening guys, Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come. I have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new...
Broken pattern down, more down to come.
Shorting based on broken trendline, the trendline is being tested as I write this. Am expecting some consolidation in the consolidation box and a rally to the downside.
A potential Head & Shoulders Pattern appeared. If the price breaks the support zone near 0.70xx, look for any pullback to short this pair. It will be a high risk to reward ratio pair of 1:3! Remember to trade with proper risk management.
traders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction as many of you have seen my related idea which will be the long up til .75x levels (see...
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