In this chart we can see how the NZDCHF and NZDJPY pairs have behaved over time. Correlation has been negative in some cases, giving place to a hedged carry trade setup, if taking solid long entries. I decided to take on a longer term trade, by opening two long trades risking 5% of my whole account to get an expected 100% return from interest alone after a year,...
NZDCHF has pulled back to support, its current price is above its upwardly-sloped 50 SMA, there is a pattern of higher lows, and a hammer candlestick pattern appears to be in place. Moreover, we are seeing signs of strength on other NZD pairs, most notably NZDCAD. In light of these factors, I'm going long at 75514, with my stop at 75061 and my target profit at...
Top of upward channel in larger downward channel going short if smaller channel breaks downwards into a continuation play on larger downward channel
English : New high perform at this pair with bullish target at 0.7680. If trendline breakdown bearish target at 0.7500 Indonesian : terbentuk new high pada pair ini, target bullish minggu ini pada 0.7680 Apabila trendline breakdown maka bearish target pada 0.7500 Analisa minggu lalu (last week analysis) :
The challenge might be getting filled on this one, and what I'm wondering is whether price will come back to fill the order -- or whether a more aggressive order entry be warranted. Of course, I prefer to let price come to me, and so I'm sticking with 7520 as my entry point, as it is a resistance level that is also close to a 61.8% Fibonacci retracement level from...
English : Still trap on consilidation area, but we can see there is new downchannel perform. If this channel continue this week, bearish target will be at 0.7370 Indonesian : Masih terperangkap pada sidewaysnya, namun bisa dilihat adanya pembentukan channel down baru. Apabila channel ini berhasil terbentuk sempurna, maka bearish target pada 0.7370 untuk minggu...
Credit to C J @Marketrend for this nice pick. 5-0 bearish into bullish gartley.
area between 0.7725 and 0.7735 is where both bearish patterns complete, stops above 0.775's
This is a perfect spot to play long and take advantage of huge rate differentials and possible NZD/USD bounce www.forextrening.com
What's the only thing better than a doji? A DOUBLE DOJI! And that is exactly what we might be seeing today on NZDCHF. Traders may recall NZD plunged last week when the RBNZ raised rates on NZD. Now, after price plummeted to a major support level, we are seeing what looks like a double doji. I'll take this as a sign that the bears may be exhausted, and that the...
Likely shape of the head and shoulders and with divergence RSI and Momentum. But has not yet confirmed the continuation bearish . i need close another daily close below 7775. and prefered to sell at this level . target will be 7670 then faces Daily trend line break target will be 7525/55. break 7775 target will be 7850 break and hold open target to 7890 and 7935...