AUDNZD has bounced off a support zone on the weekly charts. I have now used the smaller TF's to enter this trade and will look to take profit soon, as this is a short term long. This is a short term long as this pair broke the support and made a lower low, so I am expecting a big move down soon.
Trade safe and good luck!
I previously posted a USDJPY long which is still running. I have now turned my attention to EURNZD as this pair is showing some bearish signs on the one hour chart and I am now in a position to short it. I have set myself two zones where I will be shorting this pair. As you can see I have placed my TP in a demand zone at the bottom. When this pair reaches this TP...
on the aud/nzd, support seems to be respected from the weekly/daily chart. On the 4hr chart I am hoping that that price breaks out from the trendline so I can find a way to enter.
On the nzd/jpy I see a rising wedge pattern that has occurred + price has reached resistance zone as well.
price has respected this resistance zone for some time now so I am hoping that price will follow through again.
Pair: AUD/NZD
View: 4H
OBSERVATION: Price broke past the bearish resistance line. The resistance line which happens to with a strong support zone at around 1.08400, which is currently being retested for a second time after the breakout. If this zone is respected, I will look for a candle formation in order to go long, targeting 1.08990 then 1.09400. A break...
Htf analysis indicates we are still bullish, and with the dollar continuing to fail, we should expect the retail stops to be taken one by one. We have had a break in market structure after raiding stop of those who are already long.
expecting price to reach institutional level of 0.9
1700+ pips reward from current market
Long EURNZD the euro crosses are all down a little at the moment and this one offers some potential, the 3 waves down is not as clear as i would like but the NZD has been the weakest currency for a few weeks and the prospect of taking the Euro against it is really interesting. The daily chart is clearly bullish and likely to head to 1.70 inn the remainder of this...
Long NZDUSD, the pullback hascontinued to develop after the failed entry at 0.7422 (now marked as pink (w) ) because the pullback has oved from 3 waves (a-b-(w)) to a much larger 7 swing move we have moved up a timeframe to the 4 hour chart, this means that stop loss, likely lenght of trade and potential return are larger
NZD/CAD 1H Chart: Channel Down
The New Zealand Dollar is losing value against the Canadian Dollar in a short-term descending channel, which started to form after the Kiwi appreciated by 0.9% just in one trading session.
In the beginning, the currency rate was moving quite sharply amid macroeconomic data releases and, for this reason, stayed indifferent...
Hey guys,
i'm paying attention to NZDUSD this morning since it presents a good opportunity to short with the proper signal. Price is up to retest a daily structure level and is finding some troubles breaking through. The Rsi divergence also confirms our view: as we go down on lower timeframes such as 4h you can see the recent upmove tried to break the recent highs...
Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
According to my last week’s projection, due to bullish response market rejected local support at 0.6867 converging precisely at that time with 50% of Fibonacci correction from the earlier upward movement, and since then we have seen continued growth.
As a result of this move market has overcome a very important resistance zone at level 0.6950. It is worth noting...
This descending triangle has been setting up for weeks now, wait and see how it reacts around the 1.52 area if it breaks target support at 1.51 if it can get through here it has a long way to go down.
At 2000GMT the RBNZ will announce their rate decision, with unanimous expectation of rates to be held at record low 1.75%. I believe comments from the RBNZ will be mildly bullish for several reasons. Recent data out of New Zealand has been encouraging as CPI has returned to the RBNZ’s target (1-3%) with both Y/Y and Q/Q figures printing better than expected, and...
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