As illustrated, the pair has reached the bottom trend line (4HRS and 1D), and has shown a rejection of the linear level through the long lower wick .
The formation is able to demonstrate that the Bears in the market had tried to push the market much lower but had been rejected following on from the candle closure that had occurred as of 6PM (UK Time). This...
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...
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...
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!
SUPPORT RESPECTED AGAIN AT - 0.67196..
HIGHER HIGHS AND HIGHER LOWS HAVE BEEN CREATE ON H4..
LETS SEE IF WE CAN HAVE A LONG TERM MOVE BACK UP TO OUR D1 RESISTANCE ZONE,
WHICH HAS BEEN RESPECTED SINCE DECEMBER - 0.69013..
ENTRY - 0.67558
SL - 30PIPS
GOOD LUCK!
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
Hi fellas,
As we can see NZDUSD pair has pushed right down and touched a major level of support. The same level has acted as both support and resistance on a number of occasion plus the RSI is also in oversold territory. From past we have seen the pair is more likely than not to react when reaches major level like this. I will be going long from here with a...
This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world.
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