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Look to long NZD index
GO long on NZD
New Zealand Dollar Uptrend
NZD is exhausted and preparing for a long term bullish movement
Remember the Saying: Do not buy on resistance, Do not sell on support !
it is time to think twice when it comes to NZD crosses.
for example look only for:
Good Luck !
NZD index (ZXY) is bullish long term trend since 1994. What we are seeing now is a small retracement which can last a few weeks more before NZD will shoot tothe skies....
High probability for selling xxxnzd pairs.
GO short on NZD
ZXY - NZD Short
The titleexplains by itself the trade
NZD is a strong buy this week
On the weekly chart of the NZD dollar index, we can see it is at a demand zone, a trend line resistance, and a significant fibo level. I am expecting a break to the upside for ZXY within a week's time given solid fundamental data. Keep an eye on all NZD pairs in the month of October, they might break out.
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2. Horizontal support
3. downward trend line
4. upward trend line broken
Hey traders, I wanted to share some short bias on the kiwi for this week. There is clear trendline resistance coming up. If the trendline is broken, be careful trading the breakout as it may be the completion of wave-((B))-of-y. Cheers
Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.
Short NZD index to complete the last wave before the next impulsion
ZXY POTENTIAL BEARISH AB=CD + BULLISH CYPHER