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Kiwi

AUDNZD | PERSPECTIVE FOR THE NEW WEEKAUD/NZD is aiming higher within the broad range despite the announcement from Reserve Bank of New Zealand's governor Orr at the beginning of the month (September 2020) that the central bank is ready to deliver more stimulus. Presently, the pair is trading above the Breakout of the Bearish Trendline hereby closing the last week above the Demand zone @ 1.09200 Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand | Breakout Observation: i. The line drawn under pivot lows on the Daily chart emphasizes the prevailing direction of price as price comes back to touch Trendline once again! ii. Breakout of Rejection Trendline is another confirmation that points at an Uptrend bias. Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 8 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Long
by darcsherry
AUD/NZD Monthly Candlesticks & Ichimoku ChartWith the Reserve Bank of New Zealand (RBNZ) explicitly expressing their intention to weaken the currency and willing to contemplate negative interest rates and purchasing foreign assets if required, the NZD is likely to continue on a weakening path. The Reserve Bank of Australia (RBA), on the other hand, expressed their wish to see AUD lower but would not say that AUD is currently overvalued and is unwillingly to contemplate negative rates at this point. This means that AUD will continue to outperform the NZD in the weeks and months ahead. AUDNZD is breaking above the monthly Ichimoku cloud. A close above the cloud would be the first since early 2013. The start of this uptrend is likely to bring the pair above 1.20 and may even test 1.30 in the longer term.
Long
by TrackRecordTrading
1
Kiwi, needs a daily correctionThere are 2 scenarios here: 1️⃣ Breaking the previous top first (it can be sharp), then go for a Daily correction 2️⃣ Sliding lower slowly in a corrective fashion. And it seems the first one is more possible (based on the current small flag shape structure just above the Weekly line which looks like a preparation for an impulse) On the bigger picture, as shown on the chart, the expected wave / corrective structure, would make a channel for the future long term up move. 🤔 Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖
Short
by Forexian
3
NZDCHF (August 16)This is NCHF on the 4 hour. We could be seeing a reversal on this pair. Using parallel lines (which this pair tends to respond well to) we can make a case for NCHF being in a key value area. Before jumping in, we will need to wait for the market to give us clear confirmation. I would be looking to get involved at a clear rejection from the 4 hour, or if we see a rejection and then a continuation pattern, which would be a better confirmation for a move back up.
Short
by leanosamwinga
NZD/USD Kiwi Shorts - Ichimoku Price Structure SellThe Kiwi has been pushing lower pretty easily since our initial kumo breakout. We are in the middle of a bearish engulfing candle and approaching previous price structure support. If we can break that support then it will confirm our short bias. I've drawn out a couple targets I'll be aiming for. I don't always make this clear, but I wanted to make sure everyone following my analysis knows that I leave some of my position running even past my targets until I see my confirmations change. This is one simple tip you can use to give yourself a slight edge over time if you're a trend trader. If we fail to break and hold below support at the entry I've drawn, then this setup may become invalidated.
Short
by The808Trader