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Kiwi

NZDUSD Ready to Drop on Strong USD DataAfter last week's decisive break through support we tested the second level of support (based on previous lows in the trend) and bounced off with a brief recovery the following day. However, the pair was unable to confirm a reversal back to the upside when it failed to close the day above support level one indicating that we may indeed have begun trending downward. Tomorrow brings with it several heavy hitting data releases and that could be all that is needed to trigger this move. On the larger scale W1 chart we can see that the pair has been consolidating for the last several months and the pair does seem due to continue the downtrend which began around the start of 2018.
Short
by jwiens27
Kiwi index approaching Support, Prepare For A further riseKiwi index is approaching its support at 6.9441 (61.8% Fibonacci extension , horizontal swing low support, 61.8% Fibonacci retracement ) where it could potentially bounce to its resistance at 7.0079 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by ICmarkets
SHORT Kiwi Index Approaching Resistance, Prepare For A Reversal Kiwi index is approaching its resistance at 7.050(100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.990 (61.8% Fibonacci extension ,50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by ICmarkets
Kiwi Index Approaching Resistance, Prepare For A Reversal Kiwi index is approaching its resistance at 7.050(100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 6.990 (61.8% Fibonacci extension,50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
NZDUSD Possible Bearish Breakout!We have a confirmed break below the lower bound of the D1 trend with yesterday's candle closing a solid 30 pips below my trend line. However, the pair appears to have found support at the previous low of the trend and may be in the very early stages of forming a double bottom. With the Asian session warming up over the next few hours, I will wait for confirming price action in one direction or the other before taking a position on this. Looking at the weekly chart, this appears to possibly be a break out of 4+ months of consolidation continuing the previous long term downward movement.
Short
by jwiens27
NZDUSD POPTENTIAL SHORT OPPORTUNITY (1D CHART) NZDUSD POTENTIAL SHORT IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE ON THE DAILY TIMEFRAME THAT THE KIWI HAD A VERY STRONG REJECTION OF STRUCTURE SHOWING STRONG SELLER MOMENTUM AND INTEREST. I ALWAYS LET THE MARKET SHOW ME CLEAR SIGNS OF WHAT IT WANTS TO DO. THIS CHART IS DISPLAYING THAT THERE IS A DECENT PROBABILITY OF GOING TO THE DOWN SIDE. NOW THERE IS AN ASCENDING TREND LINE AND IF WERE LOOKING TO EXTRACT PROFITS FROM A POTENTIAL SHORT SETUP THAN WE MUST WAIT FOR THE MARKET TO BREAK THAT TREND-LINE, JUST TO FULLY CONFIRM THE SELLER IS IN CONTROL. LETS TAKE A LOOK AT THIS SETUP 1D CHART: *ON THIS TIMEFRAME WE CAN SEE THAT THERE WAS A REJECTION OF RECENT SIGNIFICANT STRUCTURE AT THE .6900 PRICE HANDLE *SINCE THE SELLERS HAVE BEEN HOLDING PRICE BENEATH THIS POINT FOR SOME TIME ON SUCH A HIGH DATA TIMEFRAME IT SHOWS ME A HIGHER LIKELY CHANCE IT WILL MAKE A MOVE TO THE DOWNSIDE *WAIT FOR A BREAK AND HOLD BENEATH THE ASCENDING TREND-LINE ON DAILY TIMEFRAME 4H CHART: * THIS CHART CAN BE USED TO SPECIFY THE ACCURACY OF THE PRICE ACTION AND HELP GET A BETTER PICTURE OF WHAT IS OCCURRING ON THE TIMEFRAME BENEATH THE DAILY AS WELL *ONCE THE 1H AND UP ALIGNS WITH THE DAILY SELLER POWER THAT WILL LEAD TO A STRONG CORRELATED MOVE REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT. NONE OF THE SETUPS I POST GUARANTEE PROFIT TRADE AT YOUR OWN RISK. PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS! CHEERS!
Short
by JosePips
SHORT Kiwi index Approaching Resistance, Prepare For A ReversalKiwi index is approaching its support at 6.8787(61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 6.9528 (50% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by ICmarkets
1
Kiwi Index Approached Support, Prepare For A Further Rise Kiwi index approached its support at 6.8796 (horizontal swing low support, 100% Fibonacci extension,50% Fibonacci retracement) where it could potentially bounce to its resistance at 6.9311(38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance ). Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Klimex
1