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Upside

NZDUSD: Complex Correction With Potential! NZDUSD is also on our radar screen this week as we think that rally from Aug 31 can be corrective. Reason is of-course slow and overlaping price action which is personality of a corrective movement. That said, upside can be limited, but after seven legs as correction is going complex. It's a double zigzag with final wave c in play within wave Y that may look for a reversal at 0.7350-0.7380. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
6
Long on NZDUSD (KIWI)False head and shoulders. Caught it from a mile away. Im in from the entries as shown on the chart. I am very long on this pair. DXY(USD) is melting. NZDUSD only way right now is to go long on this pair. I am extremely Long and heavily invested in this pair. I believe we can hit the targets shown in time and break the previous high and go even higher. I had a previous post on Kiwi. Bias has not changed!! the Lower it went the more I bought in and added onto my positions. All those dips and false moves to the downside were done to shake away buyers. Be aware and on ur feet. It is time to go up . Safe Trading and Best Regards. Risk Reward Target 1: 1: 1.3 Target 2: 1: 3 Target 3: 1: 10
Long
by Pjorge89
False BreakoutAs we can see, Gold performed so well in the last day trading. The price went down to below the Major Support @1256, but in the end it closed above the Major Support which is also a 23.6% Fibonacci Retracement. Right now, the price is moving to the upper ground of the Bridge Area @1264 and also maintain to moving above this area. The Geopolitical situation is getting more intense, the North Korean started to threaten Guam and give a power for Gold to push to higher ground. From now we can see another opportunity to set Long Position in Gold. Right now I initiate a Long Position with Stop Loss under the 1250 area, and target around 1296. Good luck and happy trading. Please click " Like " if you find this analysis helpful. Thanks!!
FX:XAUUSDLong
by Kevin_Sailly
2
Long on NZDUSD (KIWI) I am currently long on NZDUSD. I've been long on this pair for a very long time, and now that we have broken monthly resistance(now turned to support) I don't think the bull run is over. I am hoping for a retest of previous resistance turned to support to hold on monthly level .7300. I believe that the USD DXY is going to continue to crash and we are going to continue the bull run on NZDUSD (KIWI). :). Scenario two is possible but thats as far as I think KIWI would even go. Good Luck and Safe Trading Risk/Reward: 1:3
Long
by Pjorge89
1