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Kiwi

Reading the Right Side of The Chart : Asian Session AUDNZD It's Monday, it's still in Asian Session. Just wait. I am not one to predict/choose a direction out of thin air. Having said that though, I would love it if price close above those delicious liquidity pool haven 1.0700-1.0720. If the price reaches there, I would set my intraday bias into Bearish and will short this pair once a bearish technical signal been triggered. Please read my post (linked below) about Friday/Monday relationship as a concept to navigate the market more simply and efficiently.
by sufiansaid
The Kiwi At Critical Stage: Will The Bulls Hold 60 Cents?Hello dear Forex friends, hope you're doing well guys! ;) The Kiwi is at a critical stage similar to the Aussie: We have only a few important levels left, before the 2008 financial crisis lows are lurking in the background. The Kiwi falling down to 60 Cents psychological would at the same time mean that we get oversold on the Weekly, which would be a great bouncing opportunity. Have fun watching! ;) Greets, Deniz from Edgy If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Long
by Edgy_
Navigating The Market : Simplified #AUD NZD 2nd Sept 19The AUDNZD had been in a bullish trend since price bounced off at 1.0280 on 6th August 2019. That bullish move day followed by a massive price expansion the vary next day (230 pips!) thanks to RBNZ cutting their rates from 1.25% to 1.00%. NZD had been in a massive sell off across the board since then. Retail sentiment on NZD however, remains bullish NZD. Indeed, retail sentiment is looking for that reversal- believing the marked have priced in the RBNZ move. Never a good idea. I am bearish on the NZD due to the following three things : 1) I am (trying) a contrarian trader. I generally look to trade the other side of the general retail sentiment. NZD is heavily bid in retail, so I am keen to be the in the other side (this is too simplistic and binary, I know. This is not the only parameter that influences my bias) 2) Simply look at the chart, we are in an uptrend. Stick a long term moving average there (50MA, 60MA, 67MA, 82MA, 86MA etc etc), price is trading well above that. It is tempting to trade reversal after a long trend, picking tops (and bottoms if its in a bearish trend). I am somewhat a trend following trader, discretionary. At the moment, its not the optimal time to think of shorting AUDNZD. 3) The monthly range and weekly range was reached and exceeded. Now, usually, when this happens I would shift my short term bias to a reversal mode - as liquidity "dries out" and it would the time for the banks to take profit but I believe it was due to the fundamental factor (RBNZ cutting rates), so I will maintain my sentiment bias for now. 4)I believe there will be liquidity run this week between 1.0700 to 1.07300. Plenty of potential retail buy stops there, oceans of them. Liquidity Pools are like magnets. My plan, since I am bearish NZD, is to long AUDNZD when the usual stop hunts have been completed. I expect a stop hunt (another form of liquidity run) at 1.06500-1.06350 in the downside and then I will find a trigger to long AUDNZD. Alternatively, if the price goes up first and tap around 1.0700, I would have to assume its for trapping breakout traders and then they will take their stoploss out at 1.06500-1.06350 - in which by then, I will be looking to long AUDNZD from there. If price continues through without touching the liquidity pool coincided at theFriday low, then I will stay on the sidelines and re-adjust my plan.
Long
by sufiansaid
5
NZDUSD Likely To Decline Further Towards 61 Cents! Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle and this week's candle close below 0.64000 we can take this pair SHORT to target 0.61000 level. The fundamental outlook too is against the KIWI as global slowdown due to trade war is affecting the KIWI. With the Tradewar far from over and RBNZ leaning towards slashing rates again to boost the economy, a visit to 0.61000 is highly likely. This just represents my outlook on this pair, shall a trade opportunity arise i will post it in a new thread.
Short
by FX618Analysis
3
NZDUSD Long Trade Idea NZDUSD Long Idea Deep Crap pattern Harmonic SL: 0.62913 ENTRY: 0.63066 TP1: 0.63207 TP2: 0.63281 TP3: 0.63398 !!!DISCLAIMER!!! Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
Long
by FXDeskASRW
EURNZD SHORT trading idea EURNZD Short Idea BAT pattern formed on EURNZD ENTRY: 1.75618 SL: 1.75973 TP1: 1.75078 TP2: 1.74718 TP3: 1.74158 !!!DISCLAIMER!!! Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
Short
by FXDeskASRW
1
“Kiwi” shows the dollar how to respond to rate cutsYesterday, several influencing decisions on easing monetary policy from the “echelon” were coming out of the Central Banks. In particular, New Zealand’s central bank cut interest rates a steep 50 basis points. The Reserve Bank of India also cut the rate by 0.35%, as well as the Bank of Thailand by 0.25%. As a result, The New Zealand Dollar has been depreciating in a descending channel pattern against the US Dollar (3%). That is, the New Zealand dollar shows American how to respond to monetary easing. In this light, it would be useful to recall that the US dollar, by and large, ignored the Fed rate cut last week. That is, it continues to develop the potential for a downward movement. So, its sales continue to be relevant and perspective in terms of earnings. Moreover, after the devaluation of the renminbi, Trump’s desire to devalue the dollar increased even more. According to Viraj Patel an ING strategist, the United States might conduct direct foreign exchange intervention by selling dollars from the Exchange Rate Stabilization Fund (ESF). And this is not the only option. The Fed may make currency interventions or may be the Ministry of Finance or both bodies at the same time, as it usually happened before. As for gold, the current mood is clearly on the buyers' side, as well as the general fundamental background (the next round of monetary easing by leading central banks). Also, the Central Bank of China is actively increasing physical gold purchases, creating additional demand for the asset in the market. Nevertheless, in our opinion, gold is too overbought and for now, we will refrain from buying it in the movement direction. Now, if we make purchases, then from extreme daily lows, but in general we begin to prepare for a correction and early gold sales. Today is not rich in important macroeconomic statistics, so there is every chance of continuing the development of current trends. As for our recommendations, we will continue to sell the dollar on almost the entire spectrum of the foreign exchange market. Pound purchases are still interesting to us in the long term, as are sales of the Russian ruble and oil.
Long
by Trade24Fx
Further Kiwi Weakness? NZD/USD Ichimoku Sell This one is a little smaller move than I typically go for, but the risk to reward is pretty solid if we get the entry I'm looking for. I am looking for a good rejection candle at tenken sen for a short term sell. I've drawn out partial take profit levels on the way to my main target. We'll have to be watching this pretty closely at the open as price may react pretty fast. If we fail to hold at tenken sen, then my focus will switch to looking for a rejection at kijun sen to the same targets. If either of these scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader