With Jason out of town I’ll be pulling double duties helping out with the morning War Room as well and today I had about six potential trades on my radar. I typically don’t actively trade on Monday’s but I will be keeping an eye on the NZDUSD for multiple trading opportunities. Bigger picture I’m still looking for a chance to short this pair once we retrace to our...
Trade setup : Long on NZDUSD SL : 0.7080 TP1 : 71.90 TP2 : 72.55 Technical View : 4-Hour chart : A nice pullback on the last downtrend resistance of NZDUSD with a inverted head & shoulders pattern formed suggest that the NZDUSD may correct upward. 1D chart : Bounce up on downtrend resistance MACD uptrend signal Best of luck, Serge
NZD/USD - H1 - Bat & Gartley Pattern Here on the H1 chart of NZD/USD we have a potential Gartley & Bat pattern setup. Gartley Pattern - Blue Bat Pattern - Pink - SL must go above X - Target 1 at 38.2% retracement - Target 2 at 61.8% retracement Good luck.
There are wide spread negative views for most USD pairs on the basis that FED might raise rates at some stage which would support USD strength. In the light of this it seems impossible for NZDUSD to form low in this area. I admit that I could be completely wrong and if so will not have to wait to find out. However, looking at the KIWI chart on Monthly, supports...
Looks like the nzd/usd is going to go up. The price action is showing that it's blown out all the shorts at the supply zone and is now moving up.
The price has shaped a double top and moving downwards. We should wait the reaction at the level of 0.7610 where there is a strong support. If we have a bearish breakout then my target is at the level of 0.74200
Classic case of resistance turned support in my opinion. This pair just close above the .76200-.76300 resistance zone which I have marked in yellow. My consensus is that this pair will play around above this resistance level throughout the week before pulling back down through what is not the support zone of .76200-.76300. I will be long in this position, with my...
In my last published chart of NZDUSD under the title "Could Kiwi Run or Fly" almost 3 months a go, what appeared to potential falling wedge in fact turned out to be a connector wave X and which broke down with price accelerating to the downside and USD gathering momentum to the upside. In that post further weakness was not ruled out as at least a retracement...
The pair is middle in bullish and bearish ZONE ... we can trade in this situation from support levels and resistance , for short term only
The Reserve Bank of New Zealand is expected to hold rates. With the Kiwi being resilient of late, Graem Wheeler is likely going to jawbone about it being overvalued, which should give it at least some short-term drag, especially against the USD. In terms of monetary policy, the press conference might reveal whether or not a rate cut is still on the table, and if...
I am confident that nzdusd will be down , because of it was trying to break resistance from the past two weeks but it failed every time , so hoping that it will go down this time , may be today or tomorrow on NFP ...
Rising wedge. Key resistance level. Bearish RBNZ. Misleading albeit hawkish Fed. Good risk reward. Worth a short. Trade at your own discretion. There are 100 opportunities a day in the markets so pick wisely.
Friends, Price rallied significantly against market expectation, but remained subdued to market geometry. Dominant geometries here are Elliott Wave's Ending Diagonal ("ED") vs. Bill Wolfe's Wolfe Waves ("WW") patterns, both forming at the tipping-end of a multi-month bearish swing. INSTITUTIONAL BEARS There are 3 major banks that have taken bearish...
New Zealand Dollar is in a downtrend since topping at 0.88 in mid 2014. In the last months the downtrend slowed down after breaking major support line. I aspect a continuation in the downtrend to 0.760 (likely) to 0.750 (not sure but possible). At this level a plan to buy this pair. The next major support is at 0.74-0.73 (orange line). Best Entry at 0.76...
Taking Points – Technical Strategy: Long@.8380 – Trendline Broken On Daily Chart – Price traded in corrective channel for wave c of b. – Candlestick Pattern: Morning Star The trade on Nzd-Usd is still valid, as it’s hold .8300 level. This is just correction on wave b, price traded in corrective channel and expected bounce from current level. 8300 is...
**THE TREND CHANNEL IS NOT SHOWN PROPERLY** As you can see in the structure in the graph there is still bullish conditions showing and it may break the structure level for more upwards pressure. Confirm after 0.851
The technical situation shows potential for another impulse wave to form a new higher high. First target is FIB 38,2%