Price broke out of consolidation within daily trend line. Breakout & and retest done, now waiting for a potential pullback before moving higher. Confident that price will be making new higher highs & higher lows. Pound had a successful boost last week, lets see if it can keep up its momentum ! Good setup here will watch price action Sunday/monday.. Trade with care! : )
Opportunity if the US dollar strengthens during NFP. Pullback done, now looking for a possible move down again if good news !
Finally found a potentially rewarding long term trade, Price broke out of its channel, and underneath daily support at 89.500. Waiting for more bearish comfirmation as we see price also trying to breakout of its weekly uptrend line as well. Will be watching this closely as I see a potential 500+ pip trade here! Join with me!! Will keep you guys updated.. : ) ...
Entry after break of counter trend line / support level. Pullback to 61.8 zone complete, now waiting for candlestick reversal...
Price still making higher highs & higher lows.. Price looking to break its daily resistance & push higher. Watch for breakout to the upside! Trade with care!
Broke out of high base resistance, NZD reversed & became weak.. Broke its counter trend line to the upside as well, now looking to form a new higher high. !
Price broke out of its uptrend line, 20 & 50 SMA crossed as well showing this pair is headed to the downside.. Just entered short here as price also retested broken trend line.
NZD has broken the uptrend and it's now in the middle of a bullish divergence. I'm expecting a pullback before a potential wave down.
I just entered right now at .0742 for the completed Shark pattern. Price seems to be stalling in this area and there is bearish divergence present on both the RSI and AO. The hourly AO just turned red as well for a little extra confluence. I am only risking ~10 pips on this first try and targeting 0.6927 for a potential bullish 5-0 pattern. As per my strategy...
USD will move up to touch EMA, I think it's a good time to go long. USD will move down in June as interest rates will be hiked until that time I expect dollar to keep going north. Unless, Trump will come up with some unexpected speech. My previous plot was accurate while timing was slightly off, please check it:
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.
June New Zealand dollar has created a mini head and shoulders, plus a bearish flag. USD was up sharply today. Looking for more gain on USD and possible fall of the NZD. Next downside target is 78.6 FIB, .6914. This would start to fill out the last bit of the Bearish BAT pattern.
FX:NZDUSD looks like it held well on the 0.719 support especially the possible crossover of the 50ma/200ma confirming the bottom. Will take a long position once markets open on Sunday night. Preferred Entry: 0.7190-.7195 SL: 0.717 TP: 0.723-0.729 Any feedbacks are appreciated
New Zealand dollar has produced a tweezer top reversal pattern. Friday's rejection of higher prices suggests a lower price Monday. The USD has produced an evening star doji, which might produce one more push up to finalize that last shoulder of the H&D and then head down. NZD also produced a evening start reversal Tuesday indicating a reversal on Thursday.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more 4XSetUps @ 1482 Major Cross-Rates (741 on both sides) @ my GOOGLE Drive drive.google.com Best regards Aaron
AudNzd Trend Break - Above 200 ema on daily chart ;)