NZD/USD 30-100 pips play ! (Short) Prices did not hold double resistance (Tenkan Sen + Kijun Sen) today.
They should now test the top of KUMO, which is very thin suggesting that a change of trend could be easily done.
1st target = Weekly TS (orange)
2nd target = Top of KUMO (red)
3rd target = Weekly KS (purple)
Good luck
Nzd_usd
NZD/USD Sell Confirmed With Bearish Engulfing CandleThe daily candle formed a strong bearish engulfing candle which confirms the sell set up posted yesterday. An expected 50% fib retracement is likely to occur which means you can get in on this trade even if you missed yesterdays entry.
You could guard this trade by moving your stop loss to break-even as I am if you caught yesterdays entry. Stay with this trade as this pair moves slowly and the target area of 0.65800 is where I expect price to congest next - profit taking will likely be at this level if the pair struggles to make new daily lows.
NZD/USD Daily Short Set UpThe pair has rejected a break of the daily trend line and is expected to begin a decent down to the 0.65500 level with further downside to 0.65000 open. If the pair does form a candle with the body of the candle below the trend line it should confirm a move to the downside. Trade carefully and good luck!
ICHIMOKU NZD/USD current Lagging Span broke its cloud on the DAs analysed this weekend, NZD/USD pair looks more and more ugly...
LS has currently broken its cloud, and prices crossed down their KUMO as well...Let's see if it's confirmed with the daily candlestick,
Check out our latest analysis on www.ichimokuforex.com
ICHIMOKU NZD/USD: LS about to cross its KUMOOur last week bearish setup (check it out!) regarding NZD/USD is doing very well.
An interesting thing is about to happen on the daily. The LS is on its way to cross it's KUMO which is a big signal that the trend is on. Since prices are currently crossing their KUMO it's interesting to see how it will evolve today.
Below 0.65454 the LS will have no support until 0.64675