Price broke out of its triangle, waiting on a retest & potential gap close to go long. NZD at a 5 month low now & declined more over the weekend. Further weakness should take place for NZD I believe, Will be watching price action for a break to the upside to form a potential higher high..
Watch for a break & close below support, & be mindful of a potential daily uptrend line here. We could get a potential rebound of that trend line or break + retest sending price further down.. Trade with care!
Price opened up above strong resistance level, now lets see if we can get a close above. We see downtrend has broke out and a retest occurred, now lets see if price can go to test its original weekly downtrend line & potentially breakout & retest breaking higher.. :)
As with a number of markets the NzdUsd sold off late last week providing us with another potential pole of a Bear Flag. It remains to be seen what correction follows but either way we look for a correction of sorts to take advantage of further potential declines next week. A re-test of the broken support as resistance at 0.78160 provides a great place to look for...
Price in a downtrend, making lower lows & lower highs. Price rejected at the 50 fib level creating its lower high, now broke though key support. I believe dollar will continue to gain strength, & will look to be adding positions on the pullbacks heading down to my initial target. This pair has a potential of 900-1600 pips to be made, patience will be the overall key :)
NZDUSD Downside target one (0.72000) was reached late last week early this week. NFP results may push the pair to further lows. Previous support of 0.72470 broke. Confluence with the alligator cross and a break of the 23.6% Fib zone . We will wait for Target two to be hit (0.70890 ) and a break of the 0.72520 support before adding more short positions.
Price broke out of its downtrend channel to the upside, now waiting for a retest of broken trend line & touch at the 38.2 fib (Where I will set my entry) to go long. Price currently testing a supply zone, hopefully we can get a push down about 30 pips to my entry & my stop would be under the 200 ema. If we do not get a retrace I will not take this trade.. Trade...
Nice one on the watch list here guys, we ended off the week with a strong bear candle breaking an uptrend line, now waiting for a pullback to broken trend line & will probably have a pending entry at the 50 fibonacci level, Price should touch it the fall hard. stop loss would be 40 pips (above supply zone) -Purple rectangle. Definitely one to watch here :)
Price broke out of consolidation wedge last night & bulls came back into the market. Now price is testing broken resistance turning support. A potential but not likely pullback to broken trend line / 38.2 fibonacci level is possible, but if 1.6400 level holds we should see a new trend of higher highs & lows take place. Trade with care!!
Nice setup here, I though we might have got a breakout yesterday to go long potentially but downtrend line is holding strong. Price rejected 38.2 resistance & also a spinning top close rejecting zone on the last daily candle as well. Price should head down back to its Weekly trend line! Trade with care :)
Strong bullish move to the upside, after CAD Governor Poloz spoke, Brought weakness to the cad dollar. NZD came out strong during the New York session & also broke out of its daily downtrend. A slight pullback expected I am looking to get a break of the counter trend line to go long. NZD has news this afternoon we could get some nice movement then.. Trade with care!
Price breaking back up to the upside & is currently at Daily Resistance. A potential pullback is possible & NZD came out very weak so far since the market opened. Price now making higher highs after breaking out of its weekly downtrend line. Watching for a breakout of counter trend line & resistance level before entering long. Keeping my eyes on this pair!
Letting price action settle down as NZD just finished up their election over the past couple days. When the market opened price was at the yellow line (Supply zone) & went up about 130 pips back to the channel top. Could have caught this move but I like to wait for the market settles before trading.. no sweat :D a lot of potential this week all it requires is some...
Watching for retest after price broke out of its uptrend channel & hit the top of its strong daily trend line. Double top to resistance as well & I am expecting More downside to come.. Trade with care! :)
Price made a double bottom to 78.500 level then made a strong impulse move to the upside. NZD finished off strong on Friday & came out strong today once the market opened. There is a potential gap on the daily I see but not sure if I would worry about it. Let me know what you think!? Price broke out though resistance / 61.8 fibonacci level & is continuing...
Price at a critical point now as we are back to the bottom of its weekly trend line. Watching for more confirmation as we see a shooting star rejected to fib level / resistance zone. Price could go either way as it looks, but price indicates more to the bearish side at the moment. Will keep my eye on this pair this upcoming week! :D
Positive rate high for CAD today, lower high was formed during the last couple of days for this pair. Price broke through 50 fibonacci level, now expecting this pair to make a new lower low. First support target @0.8700!
If price can hold below 0.76500 resistance / channel top, we can see price head back to the downside. Watch for bearish engulfing candle for confirmation to go short.