It does not matter what time frame you look at, this pair is obviously bearish. Last week it blew past the major support at 0.6210. I am expecting a pullback to this recently broken level (zone) and a resumption of the trend. If this happens, I will go short and target the next major level at 0.5920. The minor support at 0.6100 will come into play, but IMO price...
NZDUSD - Intraday - We look to Sell at 0.6250 (stop at 0.6300) Previous support located at 0.6200. Previous resistance located at 0.6250. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6250, resulting in improved risk/reward. A move through 0.6200 will confirm the bearish momentum. Our profit targets will...
$NZD KIWI - Trade idea! *ST* Pattern brewing a break to either direction TJ
$NZD - Where to next? *ST* Idea! Pattern: Brewing a C&H or we could be range bound and then re-test of the support. Key tip: Keep an eye on the CH descending Have a great week ahead, TJ
NZDUSD Trend Line and Pin Bar. Enter short position.
NZDUSD - Intraday - We look to Sell at 0.6325 (stop at 0.6375) Previous support located at 0.6250. Previous resistance located at 0.6300. There is no indication that the selloff is coming to an end. Risk/Reward would be poor to call a sell from current levels. A move through 0.6250 will confirm the bearish momentum. Our profit targets will be 0.6225 and...
Here we can identify the head and shoulders pattern (bearish pattern) has fully formed and the neckline has now broken out with an impulse to the downside creating a new lower low. A valid exhaustion will create the short zone. As always never get FOMO and try to catch a trade whilst price is on the push phase. Trying to catch a price whilst on the push phase...
There have been some interesting technical developments in the NZD/USD daily chart recently. The price action this week effectively broke above the 50-day moving average’s dynamic resistance at 0.627, with the Kiwi dollar extending to 0.645. The NZD/USD pair hasn’t traded above 50-dma since early April. The Reserve Bank of New Zealand will meet next...
NZDUSD - Intraday - We look to Buy at 0.6250 (stop at 0.6190) Previous support located at 0.6250. Previous resistance located at 0.6300. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 0.6375 and 0.6400 Resistance: 0.6300 / 0.6350 /...
The aussie has completed its downward correction against the kiwi , My idea for next week is to take long positions at 1.10528 ans 1.10664 with target of resistance of 1.110. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
NZDUSD - Intraday - We look to Buy at 0.6275 (stop at 0.6215) Previous support located at 0.6300. Previous resistance located at 0.6350. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6275, resulting in improved risk/reward. A move through 0.6350 will confirm the bullish momentum. Our profit targets will be...
$NZD KIWI - Where to next? We had the FOMC, wasn't as hawkish we are at neutral rates, we had a horrible GDP and now we are in data dependent of course, is recession priced in already? Well, time will tell but regarding NZD: Technical terms: In pennant/Bull flag a break to either direction. A break above 50 EMA - TL down we onto the bulls further in control next...
Trade Idea: Selling NZDUSD Reasoning: Possible Head and Shoulders forming on NZDUSD. A break lower would also see the short term channel invalidate. Entry Level: 0.6610 Take Profit Level: 0.6121 Stop Loss: 0.6242 Risk/Reward: 3.18:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. ...
NZDUSD - Intraday - We look to Buy at 0.6180 (stop at 0.6120) Previous support located at 0.6200. Previous resistance located at 0.6250. Further upside is expected although we prefer to set longs at our bespoke support levels at 0.6180, resulting in improved risk/reward. A move through 0.6250 will confirm the bullish momentum. Our profit targets will be...
NZDUSD - Intraday - We look to Sell at 0.6150 (stop at 0.6200) Previous support located at 0.6100. Previous resistance located at 0.6150. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6150, resulting in improved risk/reward. A move through 0.6075 will confirm the bearish momentum. Our profit targets will...
Trade Idea: NZDUSD Lower prices expected Reasoning: Downtrend picking up momentum. Entry Level: 0.6321 Take Profit Level: 0.6237 Stop Loss: 0.6349 Risk/Reward: 2.97:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
hello, hi fellow traders, simple chart only with horizontal support levels, but all represent important levels that provided high volumes of trading during the past times. my bias: the nearing deep to act as safe buy/long with target by the end of Q1/2023 above 2021 highs. as I expect the central banks interest rates "drama" to get finished by then and the...
A fakeout just below the 0.67296 daily horizontal support level has presented a long trading opportunity on the NZDUSD chart. Depending on how soon you enter the trade, you could be looking at a reward-to-risk ratio of 3.57 if you set your stop at 0.66995 and your target at 0.68630. Endeavour to check with your own analysis before making any trading...