Kiwi
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.
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.
NZDUSD For Leading week(Bullish) Scenario 1: Stabilization above 0.6585
(Range) Scenario 2: Neutral between 0.6585 and 0.6525
(Bearish) Scenario 3: stabilization below the price of 0.6525
NZDUSD longNZDUSD
Longed: 0.65357
Target: 0.65986
S/L: 0.65203
Risking 3%
Probably not hitting the full target today and I will close before the weekend but I'll see how it goes.
Kiwi is not strong enough to continue bullish actionIt has a strong support level at 0.6575 but as seen from RSI, Kiwi is not generating powerful action to upwards.
NZDUSD resistance level is 0.6630
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Nube #66EURNZD sell stop @1.78562
SL @1.79285
TP @1.76191
Price is getting overextended in multiple timeframes. Will protect quickly.
NZDUSD - Kiwi...Today's set up!Worked out well yesterday, what will today bring us?
Just a quick take today - as it's Friday!!
We are still following the same technicals as yesterday, we had the bullish momentum towards upside.
Out of channel the bears are in further control, the next trend-line could be a possible target.
Still within channel, bullish momentum continues, and allows us to the next resistance area within the channel!
Fundamentals: Today NFP - Keep an eye on SPX & Dollar pegged pairs.
Enjoy!
Remember: Just an idea, not a recommendation.
We dont use technical analysis anymore - this is why! A great example - we no longer use technical analysis at all - but I spotted this from elsewhere.
Its a great example - that demonstrates our strategy will catch any big move anyway so save yourself the time and subjectivity.
We have no need to draw and analyse our charts - our strategy is already coded and we now execute and follow with confidence and belief in performance.
The technical traders that DID spot this, will see a trend line break and a push to the upside.
We just see a buy label, after closing our sell for 100 pips too.
All about probability.
Regards
Darren
NZD/USD Heads & Shoulders W1Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action.
Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements, rising COVID cases as well as high-unemployment are factors we should consider before executing a trade.
Do your own due diligence, don't take me word for word I'm only a newbie with a passion for trading!
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Nube #59EURNZD sell limit @1.78235
SL @1.78608
TP @1.76920
Nice confluence zone, price is quite overextended.
NZDCHF (August 3)This pair has the potential to form a form a flag, as right now we are in a corrective state. If the pattern forms I would be looking to short at the rejection of the top of the flag.
NZDUSD Buy - NFP - 2 July 2020NZD/USD is trending higher prior to NFP. Non Farm Payroll measures the number of jobs created in the previous month excluding agricultural jobs. We anticipate further NZD strength against the USD into the 0.6568 level.
NZDCHFI have identified an expanding on this pair and typically expanding tend to move higher to the upside. Price has the potential to head higher to the top of the expanding, and perhaps even break.
AUDNZD is forming a great base before big breakoutAUDNZD needs more consolidation in the coming moths
EUR/ NZD Here, on the 4H we have a Deep Crab Pattern on the Euro Kiwi. Now, Knowing that the COT report is in favor of buying i am trying to find buying oppritnities for the Euro. The Kiwi is also in buying favor coming from the COT, but not nearly as much buying power as the Euro. I am expecting a little drawdown but overall an upward move
NZDCHF (July 19)Price is looking like it will continue the move to the downside. On the lower time frames, a correction is forming which adds confluence for the continuation. Of course there is a possibility we hold this channel bottom and head back up to the channel top but the market will give us confirmations in order to take advantage.
GBPNZD Trading Into A Temporary Setback?Hello traders!
GBPNZD is still slow here at the lows, but based on intraday view, seems like price is still looking for a bigger corrective recovery in wave 4 which can retest the 1.9450 – 1.9650 resistance area before we may see a continuation to the downside within a wave 5.
Trade well!
WOL3.1 #114AUDNZD buy 1.06171
SL 1.05950
TP 1.06614
R= 22.1 pips
If price reaches 1.06392, move SL to 1.06216
