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Kiwidollar

NZDUSD further downtrend continuation before reversing?Gosh not much trending this week. I hope NZDUSD won't join the clan of the sideways charts. I got 8 alerts this week 8 in total. Out of 32 charts I watch for FX metal energy commodities. Going to check stocks during the week maybe I find something interesting. I think NZDUSD will hard bounce, but maybe it goes down some more before that. No reason for it not to. Well we'll see. It looks unsure undecided probably because every one is on holidays idk... Better lock in profit fast if it moves down, just to make sure. DMA20 is close, probably it reacts.
Short
by MrRenev
NZDUSD GREAT ShortNo surprise that the dollar has been strong over the last few months against the kiwi. Price has broken underneath a yearly support, and created a new resistance after test, It could still be a false break out, but if the price continues to drop this week, i believe we could see a nice 300 pip loss in the price of the kiwidollar. ***SIGNAL*** look for the next bearish engulfing candle on the 4hour or daily chart and go short with a Stop loss 10 pips above the new resistance channel. As this being normal in the NZD, price could drop quick. Get in while you can to make sure you dont miss a fast 100 pip move
Short
by BretRamkey
1
Sterling / Kiwi - Break plans A & BI've traded this pair a lot over the years and very recently had a single 800 pip trade with additional shorts adding up to 1500 pips, once this thing is trending, it's a beautiful trade. But Brexit, if we weren't negotiating Brexit I'd be Long on this pair, to not only go back to the highs of the head and shoulders pattern but, break the center line of the longterm monthly descending (yes Bearish) channel, to continue to move back-up to the highs around 2.1. This pair has rotated beautifully down this channel for more than 12 years, and since 2012 the pair found a smaller channel to trade within (yellow box - Point Of Control). There was one huge move to the upside of the channel, and a subsequent move down helped by Brexit, when it fell all the way back to the 1.6 Southern edge in late 2016 and the move off that low created the long-term upside move we're in now, straight back into the POC and two new trend lines, in black. But maybe this is the first time we do not rotate back to the highs because, well Brexit. So we have two options, Bullish plan A or bearish Plan B, PRETTY SIMPLE REALLY. Fundamentals: Bank of England Interest rate announcement this week. What are your thoughts? Patience pays, happy hunting!
by CBMotivation
5
AUD / NZD - Pullback around 1.075 & SHORT 150pips+I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin bar, which is our signal to look for an entry, if you don't know how to enter, read my link below on how and when to enter. There are many areas of support which will respond, the channel center line is a major one @1.065, so be aware of that. I'm not expecting a gap down on open, but if we do, wait for a pullback to 1.07 to enter, otherwise look for an entry around 50% up the pin towards 1.075 area. Patience pays, happy hunting!
Short
by CBMotivation
2