The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent. particularly in China. Combined with increases in the labour supply from strong net immigration, posting a financial stability risk. CPI inflation is below the 1 to 3 percent target range,
Potential Inverted H&S in NZDJPY - Neckline falls at 81.05/81.15 Wait for a break to enter - targets fall at highs 82.64 Same H&S appears in NZDUSD - Check Link to Related Ideas for published chart
On the NZD/JPY 4h chart we have a potential short opportunity at the D leg completion of a Gartley Pattern. The price reversal zone on this pair is between 81.636 & 81.937 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Gartley Pattern placed at the .382% and .618% retracement...
This is probably the best trade set-up of the day for me in terms structure. The market has come back to test a trend line resistance now turned support and at the same time completing a bullish cypher where there is a lot of structure looking left. The Risk:Reward ratio is more than 1:1 so let's hope for a winner. www.youtube.com tradewithme.co.uk
Dollar-yen bulls may be forced to take pause after central bank decisions, from each respective currency, give traders something to chew on: The FOMC minutes yesterday were nothing short of redundant. I am beginning to think it is the same speech month-after-month, but financial outlets took whatever they could to spin it as hawkish as possible. That should...
Today's open may very well have hit the lows as it took a strong bounce from there. Other Yen pairs displaying the same price action. Further confirmation could come from break of upper trend line, aggressive positioning from current levels against the lower trend line. BOJ up this week, could be the catalyst.
The Australian dollar is coming off a sizable gain against the greenback, following an employment jump of 58,600. This pushed the unemployment rate down to 5.9 percent from 6.2 percent in September. Analysts are expecting this to hinder further rate cuts near-term, while economist Stephen Koukoulas believes the Reserve Bank of Australia (RBA) may indeed raise...
NZDJPY could be long in the near future. A complex correction is approaching the 38.2% retracement level on the hourly chart. If this happens to be a wave 2 of a new Elliot cycle, the complex correction has a tendency to add allot of fuel to wave 3. With the daily finishing a ABC correction and ending at wave 4 of the main cycle, this trade can go both ways. Im...
Option 1 - wait for the neckline of the H&S to break and hold below the break for selling this with target of 0.7785 and stops above the right shoulder. Option 2- wait for confirmation of retest of the resistance price is currently at and buy with target the previous high @81.71. This option is supported by Stoch and RSI being close to oversold, and has a better RR.
Not a lot to mention in this setup.. Price has formed a bearish gartley pattern with D point at a major resistance level. The fact that price has moved a little higher than 0.786 gives us a better risk/reward ratio. Overall trend is a downtrend and RSI is way overbought.. Like & comment...
The kiwi had a solid move against the dollar on Friday, gaining 1.14 percent. The move came as commodities rebounded, thus pushing up their respected commodity FX. This was a response to the weaker dollar, but commodities saw their sixth week of capital inflows as traders deem a more risk-on approach in the medium-term. The move into commodities has been the...
QUICK ANALYSIS: Perhaps one more contender is found in this $NZDJPY joining the ATHENA method group (see more currently developing in this linked room: www.tradingview.com ). PREDICTIVE/FORECASTING MODEL: Model defines the following bullish targets: 1 - TG-Hi = 83.815 - 27 OCT 2015 AND 2 - TG-Hix = 85.014 - 27 OCT 2015 ATHENA: Feel free to read what...
3.5:1 100+ pips to upside KEEP THE RADARS UP!!!
NZDJPY had a potential short setup under resistance but it's proven to a very strong advance so far. I'd like to see price move and close above the new 8 bar mode that it has built higher, and eventually signal a time at mode trend trade. The risk/reward of said long would be optimal if price manages to climb above the resistance, and validates the weekly...
Shorting this pair as we have seen a break out and confirmation.
NZDJPY seems to be lagging AUDJPY, I'll be taking a short if it slides under today's low. The resistance to the left is pretty obvious. Let's see how it goes. Cheers, Ivan Labrie Time at Mode FX
Gold's Behaviour May Signify An Upcoming Reversal For AUD/& NZD Pairs Potential Sell Setup Shown For NZDJPY, Awaiting For More Confluences To Line Up (Especially If Gold Indicates More It Does Not Wish To Trade Above Key Monthly Resistance) Gold Outlook On Potential Reversal