After New Zealand inflation Data. NZD becomes little weaker and this reflects on all NZD pairs. I believe USD is going to get more stronger. So best pair to shot at the moment Entry Price 0.71050 SL : 0.71246 TG1 : 0.70556 TG2 : 0.70187
Short NZDUSD based on low CPI/ inflation = an RBNZ OCR cut is 90% likely - 105 mins after market open at 23:45GMT NZD releases their June CPI print. - In all RBNZ mandates they reiterate how they consider CPI to be their "main/ sole" target or dictator of the monetary policy they set (check any of their minutes etc). - Their target is 2%, plus recently they...
Taking a long position on this pair based on the following reasons: - Break and retest of key 0.70 level - 0.5 fib level held strong - Double bottom Let's see how this turns out!
NZDUSD Short - 30 m timeframe, break and retest of structure
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I...
Short of NZDUSD at the 61.8 of the brexit move down -
I have selected a target of 0.708 levels Looking at other time frames for more confirmation before placing a trade though. Will come back to this a bit later.
4H structure high is holding after one retest. Structure lows to be violated but if a bullish candlestick formation forms, set my buy stop just above the structure high & capitalise .
Im mostly looking to go long on this trade to ride its final 5th Wave up. But as for my aggresive trading nature I am keen on selling the breakout of the recent hourly trend which Im looking to get a 2:1 Return . My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher. If...
Kiwi has risen sharply in recent days, mainly because of hawkish RBNZ statement. But here there is a real test for the bulls: - A change of polarity zone - Top area of the channel I think the bulls will find it here to break this resistance. Good luck, Ali Sharif Azadeh, CFTe
NZD/USD is now trading in the middle of the .68400-.70500 range. Look to shor t around the .70400-.70500 area and take profit down range support around .68400-.68500 . Stop loss 50 pips away from entry price .
The pair is continuing to stairstep its way up. The moves up and down are now equal in lenght both up and down. Looking to get long at 0.6852 with a 50pip stoploss. Going for a full lenght move once more, with target at 0.7150 Very nice risk to reward ratio (1 : 5.8 RvR)
Short now, SL at 0.7060 and TP at 0.6950. Good risk : reward. Fairly aggressive trade. I train traders to be successful full time forex traders at : www.TheForexArmy.com
The kiwi is currently moving in an upwards trend channel. By combining the fibonacci timezones with the fibonacci retracement we can locate a good long opportunity in the zone between the outside retracement of the previous swing low to swing high and previous structural support and resistance . The first limit target is based on previous structural resistance and...
NzdUsd has been in a uptrend since late september of 2015. Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down. So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands. Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045 1 : 3.45 RvR
Fed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also. Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this...