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Dollarkiwi

Joe Gun2Head Trade - Head & Shoulders Top on NZDUSDTrade Idea: Selling NZDUSD Reasoning: Head & Shoulders Top Entry Level: 0.6311 Take Profit Level: 0.6125 Stop Loss: 0.6363 Risk/Reward: 3.53:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
The Kiwi is Looking All Black and BlueSimilar fundamental reasons underlie my bearish bias on the Kiwi. The bidirectional monetary policy impacting rate differentials being the most meaningful. Further, technically, one would expect some material levels within the next handle, as evidenced by my red support line which roughly marks out the neckline of a head and shoulders top. Finally, with the MACD turning bearish on such an important trend-line, one has a reasonable argument for action to take some risk.
Short
by PrometheusCHT