GBP NZD SELL (POUND STERLING - NEW ZEALAND DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Kiwi
SWING TRADE for KIWI (NZDUSD). Price aiming towards 0.64 cents
The above presents the analysis for this trade setup.
INSTANT SELL PRICE AT AROUND 067600 LEVEL
STOP LOSS: 0.70000
TAKE PROFIT: 0.64300
RR: 1.35
SHALL THERE BE ANY UPDATES I SHALL PROVIDE THEM IN THIS THREAD. CHEERS AND GOOD LUCK
EURNZD SHORTI shared this idea in my trading group today and it looks very promising. The hourly candle which just closed looks very bearish. However, I will keep in mind any bounce from the trend line or the TP zones.
Trade safe and good luck!
NZDJPYSELL THE BREAKOUT
- Watch for the Breakout
- Wait for Retest
- Clear confirmation and Breakout
EURNZD SHORTJust like my previous post on EURAUD, I am also bearish on this euro pair.
Trade safe and good luck!
A Close Above Daily EMA 50 Might Take EURNZD To 1.69000 level !1.65000 level represents the concrete support level drawn from the Monthly charts, which has been clearly rejected and the price now aims at breaking the channel that it is confined in and close above the daily 50 EMA!
A convincing close above daily 50 EMA needs to take place, thereby giving further confluence that the price is headed towards the 1.69000 level!
1.69000 level is the area where the weekly 50 EMA is present and can often act as a dynamic support and resistance and therefore our target would be that level. In the future if the price breaks the weekly 50 EMA we can opt to take this pair further LONG to the next resistance (THE RED LINES ON THE CHART)
On the fundamental aspects the AUD and NZD are both set to depreciate this year with the reason being they are too overvalued at the time. I feel a drop in NZD against the USD will likely happen soon and this will inturn have great impact on the EURNZD too. It remains to be seen if the technical aspects meet in the coming days.
shall there be any trade entries i will post them in a new thread. this just represents my analysis and outlook of this pair. cheers
AUDNZD SHORTThis trade looks amazing and I will be monitoring it on the smaller TF's to get an entry.
Yes my chart is simple with only 2 lines but I like to keep a clean chart :)
Trade safe and good luck!
NZDCAD SHORTAs you can see, this is a great swing trade setup. However, I will not rush into this pair as I will be waiting for confirmation to go short. My TP is where a gap that was created on 24 Feb will be filled.
Trade safe and good luck!
AUDNZD LONGAUDNZD has bounced off a support zone on the weekly charts. I have now used the smaller TF's to enter this trade and will look to take profit soon, as this is a short term long. This is a short term long as this pair broke the support and made a lower low, so I am expecting a big move down soon.
Trade safe and good luck!
NZD USD SELL (NEW ZEALAND DOLLAR - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action for sell.
NZD USD SELL (NEW ZEALAND DOLLAR - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
NZD CAD SELL (NEW ZEALAND DOLLAR - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Potential Short on GBPNZDObserving 4H, Daily and Weekly chart, we can see bearish momentum. There are 2 ways to look at this current price formation.
Firstly, it is in an upward channel, touching the lower bound and looking to breakdown of it. (Indicated by green lines)
Secondly, you can see it as a H&S pattern, where price is currently at the neckline. (Indicated by yellow line)
Targets are marked at S&R levels, with TP 1 @ 1.87250, TP 2 @ 1.86240 and Extended TP @ 1.84000. Following a H&S target measurement (distance from head to neckline), melting down towards Ext. TP is possible.
After a breakdown, there is possibility of a pullback to either the neckline or the lower bound of the upward channel. At that point, it would be important to observe price action to decide on any addition of positions OR an entry.
EURNZD-what is strong and what is weak?In the forex market, everything is determined on a relative basis. The best outcomes for trades come when we find currency pairs that are polar opposites in strength and fundamental stability. It is always wise to value both currencies instead of just one. How do we determine what is weak and what is strong? The normal process of qualitative valuation, like is performed on the stock market, does not fully apply. People who do not trade the financial markets often assume a currency is stable and fixed. That is just not true. In the forex market, the change in price of the instrument is twofold and if you forget to value, the other side of the pair you are operating based on luck.
EURNZD
This currency pair has gone through some wild gyrations in the past session. This was due to the Reserve Bank of New Zealand announcing that it will keep interest rates where they are but giving direct guidance of a future rate cut. We know that the current state of markets produces extreme volatility not only when fundamentals change, but also when the promise of a change is encountered. The Euro is plagued with many risks, including political, economic and ECB fiscal policy changes. The New Zealand dollar on the other hand looks surprisingly strong.
The pair has broken through local support at 1.6535 and retraced back today. If tomorrow is a bearish day, we recommend opening a short position with a target of 1.6400.
AUDNZD could be gunning for big stops belowAs mentioned in the NZDUSD trading idea, i am playing this position with a tight stop and a position split on NZDUSD Buy and AUDNZD Short.
Its the same rationale behind both trades, but i am seeing a bit more potential for a bigger profit on AUDNZD.
The risk reward is also to my favour so i am seeing a potential good trade with small risk on this one.
The chart pattern on the kiwi is better, but as mentioned above here i am seeing a bigger potential profit.
i am sorry for posting this a little late, but the nzdusd idea is still on my entry price, this one moved a little lower since my entry.
EURNZD SHORTI previously posted a USDJPY long which is still running. I have now turned my attention to EURNZD as this pair is showing some bearish signs on the one hour chart and I am now in a position to short it. I have set myself two zones where I will be shorting this pair. As you can see I have placed my TP in a demand zone at the bottom. When this pair reaches this TP zone, I will be looking to go LONG.
Trade safe and good luck!
#NZDUSD - Intermediate (C) - February Wave Counts - Part 10#NZDUSD labeled in a bullish sequence in Intermediate (C) (turquoise), with Minor 1 & 2 (green) marked as complete.
Minute II (green) should be complete or about to finalize, thus leaving room for Minute III (green) to start its bullish swings very soon.
Kiwi Dollar should rally from here.
If you like my work, please support me with a like.
More details in my signature.
Many pips ahead!
NZD USD BUY (NEW ZEALAND DOLLAR - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
bearish signal on nzd/jpywe have the nzd/jpy on a bearish movement started this week , and will continue in it's bearish direction
Bearish directionNzd/jpy started it's new wave this week falling down with a possibility of more bearish movement
