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.
NZDUSD hit support channel down, we can set bullish from this position and aim for 0.7135 at resistance channel, and if this resistance break up, we can set more higher target at 0.7320
Take buy position in bearish wave is danger, use tight stoploss for this setup
NZD/USD meets the strong support and resisitance zone and the bullish bat is formed with 0.886XA and 1.618BC as the PRZ zone. 0.6930 is a important KEY level from 2015-2017.
The RSI reach 30, you can see from that chart that each time it reachs 30, the price usually move up!
Put the stop loss around 0.6900 and targit at 0.7150
Hi guys,
if you want to find out why am i looking to short this market, you can go ahead and watch my weekly videoanalysis (by clicking the link down below). Basically we see price is being rejected at a key structure zone and therefore we can utilize this technique in order to catch a bigger move toward the daily lows (second target).
If you have ...
Text Book Cypher Formation on the 4 hour time frame.
Long at 7239
conventional targets at the fib e382 and 618 retracements as per the chart here.
See you in the live room!
Daily resistance level & 61.8 Daily Fib Level has been hit and the market has rejected the resistance zone.
Price has now started to move lower and broken out of the consolidation area. Looking for price to pullback to minor resistance for a short opportunity.
Here we go NZDUSD BEARS ABCD pattern with rsi over brought, fib confluence with structure just above. I must say it is a super tight stop, well it is on the 15mins. Lets see if its about to go down
Here is a long trade on NZDUSD which has an ABCD pattern with fib confluence, which gives us a nice little "hot spot/area. I did analyse on the daily and I will be looking for entry on the 15mins, If it goes past then no trade for me, also nice targets if I must say myself
Hey guys,
i'm not taking this trade for correlation-reasons but for educational purpose i think it represents a nice opportunity of a structure trade. You can see price has now reached a key structure point on the daily chart, and while testing this zone it has created a double bottom with RSI divergence on lower timeframes (1h). Given the overall analysis it ...
