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...
Now is beginning to look more like never relative to Bearish Cypher as the cup handle appears. #FFT
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...
Probably I will check for a pullback on the lower time before going short.
NZDUSD: The pair continues to face downside pressure selling on Tuesday and leaving risk lower in the days ahead. Support lies at the 0.7200 level. Further down, the 0.7150 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting more weakness. Conversely, resistance resides at the 0.7250 level where a break will aim at...
NZDUSD failed to reach the expected levels of 0.74 and bounced of a major resistance level. We have the opportunity to short from here with the possibility of a 300 pip trade for the longer term. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves...
Hey guys! We shift our focus on the NZDUSD this week. We have a great RR trade here. See the chart for the analysis. Also it is important to mention that the RSI and MACD are telling us that we have stalled in this uptrend. Maybe the drop isn't imminent as these indicators can stay high longer than a trader can hold a position but we will have a correction coming...
Reasons to enter: 1. We can see that the price is ranging currently in the area of 0.681 ~ 0.785 (yellow box drawn), and it's about to break the box and go bull. 2. Currently, the buying power is still strong as no lower lows are formed at the daily timeframe(TF). 3. There's a daily resistance (green horizontal line) at the price 0.73210, and have been retested...
NZDUSD. Bulls are exhausted, watch smaller timeframes for shorts. I just entered 1/3 of my target lots short because it could fall from market. However, any spikes in NZDUSD are huuuuge sell opportunities. 6.6 RR.
Sell below 0.7344. Stop loss at 0.7356. Take profit at 0.7301. Reason for the trading strategy (technically): Price is wow testing major resistance at 0.7344 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from here towards at least 0.7301 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing...
AB=CD has completed its a sell opportunity with good Ratio and long position
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 !!
Hello everyone, Seildev here for another brief Analysis on NZD/USD: - Respected daily resistance from 7th/Nov/2016 - Weekly resistance at 0.7300 since 20th/June/2016 - 0.7300 Psychological number - Nice doji candle forming at daily For aggresive approach - Area of interest to short around 0.7265 For conservative approach - Area of interest to short after daily...
NZDUSD could resume its uptrend once the current consolidation period ends. NZDUSD has been climbing since mid-May. However, that rally has run out of steam and for the past few sessions the pair has traded sideways. That’s despite news last week of lower-than-expected GDP growth of 0.5% quarter/quarter in Q1. The data imply that GDP growth this year could be...
... 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...