Good afternoon traders,
Looking at a severely oversold New Zealand dollar versus US dollar on multiple time frames. Most appealing to us is the daily timeframe but almost all time frames confirm the oversold nature of this pair after the recent inflation print disappointed. 0.1% versus 0.3% expectation. This led for the New Zealand dollar breaching key levels...
We have been stuck in this range since the start of this year. We have found support off of this level once again and we are slowly seeing a climb in price. Our stops will be around the 0.67000 so 30-35 pip stop dependent on entry. Standard TP1= +30 Pips TP2= +50 Pips And our final target area will be the 0.69000 area around +150 pips
I had this trend line drawn up since March and it has now been broken.
A retest of this line and rejection can be seen,with a bearish pattern forming on the lower TF's.
Trade safe and good luck!
Market getting ready to change trend for a buy .
RSI signalling oversold at 37 reading.
Get in on buy and enjoy your profits.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Hey traders,
Here we have a simple trading idea. NZDUSD has been following a nice descending channel for a while now on the 4h chart. Price has respected the channel throughout and just touched the upside bar and I'm expecting it to come down and touch the lower descending bar. The channel is about to finish in a few days time. Once finished I'm hoping to go long...
Price has been travelling in a pennant and inside it price was travelling also in an ascending channel. Price has however broke out of both of these structures to the downside and has now come back up to retest the pennant indicating a big short trade coming up. While breaking out price has also formed a descending channel marked out in black, we just saw the...
Possible long position for NZDUSD. Price has recently bounced off of a Long term trend line support, leading me to believe a potential drive to the next local resistance area. The price has also just crossed both the 200 EMA and 50 EMA and they have gone underneath the price thus giving us a long bias. For this trade I have also brought in a stochastic indicator...
FX:NZDUSD Short based off previous structure and potential pullback.
Looking for price to pull back in to my zone drawn. Then after some bearish price action will look to enter next bar short.
Risk would be ATR based, reward at previous structure.
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