Possible buy incoming for NZDUSD. Price has acted within a parallel trend line channel and has touched the resistance of this trend channel at least 3 times which means the trade can be validated. Price has also been moving around a local resistance zone which means price could be heading up. Keep an eye out for updates as I have put in a tight stop loss of around...
We have seen price show continuous bearish momentum on this pair. Price reached a critical point of support before it started it's bullish ascend. i will be looking for price to pullback around the price level where it currently is and retrace at least potentially 50% of the bullish move before price continues to move bullish . I will looking out for bullish...
NZDUSD has been travelling in a descending channel for quite some time now, until last week when it broke out of the channel to the upside, We are expecting price to come back down to retest the channel before making its way up to 0.66800 region.
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.
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...
As you can most likely see, price has been travelling in a blue triangle and also inside an ascending channel.
Price reached the top of the triangle and therefore we SOLD,SIMPLE!
TARGETS 1 & 2 ARE MARKED OUT BY PURPLE LINES
TARGET 3 SHORT POSITION
traders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see...
the chances of further rnbz easing this year are over priced 100%, net longs on the kiwi are still light and the carry friendly global environment favours carry trades at interesting entry
gl
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