These are exciting times with NZDUSD - in fact all NZD pairs hold excitement around now.
In the screencast I'm stalking the Fib 50 - 61.8% looking for the first sign of move south. Of course it could go north by any amount. However, I think there could be difficulty in that area.
This is a potential long on the NZDUSD. Daily price has pulled back into a swing level and may go up from here. I'll look for a break and close on the 4 hour.
NZD pairs have a particular 'personality' for volatility. Many an intraday trader may have been punching the air or crying in their tea recently. :)
In these charts I show some of sort of volatility on lower time frames.
Hi Traders
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit at horizontal, diagonal & dynamic support/resistance areas)
- ...
Hi Traders
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit at horizontal, diagonal & dynamic support/resistance areas)
- ...
Hi traders.
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit)
- What are the underlying fundamental/sentiment drivers that ...
Nzdusd - Daily timeframe - Pullback due for this pair, expecting a sharp decline into the nearest fresh demand zone. great risk to reward on this trade
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6835.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6885.
TP4: R2=0.6935.
Set the stoploss of these orders at breakout of S2=0.6815.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of ...
Hi traders.
Whenever you are looking at a technical level, always ask yourself the following:
- Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones)
- Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit)
- What are the underlying fundamental/sentiment drivers that ...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6765.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6815.
TP4: R2=0.685.
Set the stoploss of these orders at breakout of S2=0.675.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of ...
We are in a descending wedge on the this pair and approaching the top tl, if we see a break will be looking for a retest and continuation long but if we reject, i will be looking for a conntinuation back to the bottom on the channel. Will be watching this pair closely.
NZD/USD has been bullish as of recently so we follow trend continuation.
We are currently in a corrective state, but approaching structure levels.
We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave.
We can also see a large bull flag formation. If this ...
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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