Usdnzd
A clear consolidation are pairs been consolidating for a while now, its forming a bull flag. i can also see lower high but not higher highs . i see a clear strong resistance ( might be some bank or hegde fund or someone with big money to push the pair down) but soon they will run out of money and the chart will just go where there is least resistacne ( my guess is up).
i might be worng so its better to w will have a good RR.
USDNZD test of the resistance failedThe price failed to break the resistance level of the triangle the price is currently within, the price looks like it has gained bearish momentum and has started to move down, this was expected as the RSI was at an overbought position when the price tested the resistance level. I think the price would move down from here and test the support level, there is also a chance that the price could break below the support but that would depend on the bearish momentum. I will update this post once the price has moved further down and has started to approach the support level.
A New Trading Opportunity To Sell. TP4 hit.....New trading suggestion:
*The price is in a down trend and we forecast the down trend would continue.
* There is still possibility of temporary retracement to suggested resistance line(0.71750), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 13 SELL trade(s) @ 0.7351 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2018.04.13
Closed Profit:
TP1= @0.7305
TP2= @0.7240
TP3= @0.7175
TP4= @0.7055
Open Profit:
TP5= @0.6950
TP6= @0.6820
TP7= @0.6620
TP8= @0.6430
TP9= @0.6245
TP10= @0.5930
TP11= @0.5485
TP12= @0.4900
TP13= Free
Midterm forecast:
While the price is below the resistance 0.7560, resumption of downtrend is expected.
Price may also reach 0.7175, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
Technical analysis:
A peak is formed in daily chart at 0.7395 on 04/13/2018, so more losses to support(s) 0.7175, 0.7055, 0.6950 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 28.
EURUSD SHORT!_xxxUSD Lower- USDxxx Higher- Simple.Stop at 1.16264. Strategic Entry 1.16020. Rolling it for a 2-1 risking 1% of account balance. Goodluck!
T1 1.15766
T2 1.15512
T3 1.15258
The red and green P&L drawing appears deceiving. Because it was drawn on a higher time frame it appears as though price has been traveling through it for the last day or two. The drawing was applied 10 minutes before the article was written.
Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember we are only discussing opinions. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View
Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
Sell signal_GBPUSD_XXXUSD lower_USDXXX higher4 hour Setup bar H 1.31193 L 1.31096. Puts our Entry at the break of the small bearish candle, E - 1.31076. Stop behind the high of the lower time frame higher high from Wednesday, S - 1.31236.
Instead of taking the original entry, I'd like a mini pullback, I'm not rushing this market.
Strategic entry 1.31156. Taking the full position to stop or T2 for a 2-1.
T1 1.30996
T2 1.30836
T3 1.30676
Good luck!
Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember this is only an opinion. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View
Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
1800 pips to collect on EURNZD This cross presents the perfect storm of opportunity. Look to short and target at the same level to go long. Long targets are green.
Weekly view:
NZDUSD - BOTH SHORTING AND BUYING OPPORTUNITIESThe pair has been in a strong decline for the past 10 days now, and looking at the higher time frames there is no real reason for any counter-trend trades at the moment, which is why I'm considering a short position with the first small pullback we will see in the lower time frames. The primary target is the key level of 0.72220. When and if the price reaches that point I'll be paying close attention to the price action as the pair will have completed a 3 stages of impulse waves so we could see an opportunity to go long there. This from a technical standpoint
From a fundamental standpoint we have the release of the US' Core CPI tomorrow so pay attention to that, and we can also not ignore the geopolitical tensions between the States and N. Korea which shift investors towards the safe haven assets such as the JPY, GOLD and CHF all of which have gained strength the past few days.
Till then trade safe and do your own due diligence before entering a trade.
For further insights join me on:
www.valuedbusinessconsulting.com
USDNZD: First pair to show clear bottom- get longUSDNZD: This is the first pair to show a clear bottom forming and with good prospects of a decent rally for dollar bulls..hate to chase things but this is an exception if you can handle the stop being left below today's lows...that way it's very unlikley to get hit in near term. This is a good trade by look of it ...check 1 minute chart and look to get long on minor pull-backs
The Kiwi Bulls AwakeWe have finally reached the golden zone for a buy. I mentioned reaching this area in my previous post. As the week went by we saw the Dollar Index decline and this pair was doing the exact opposite of what it was supposed to do. The bulls allowed the bears to slowly bring price down to the .69300 area. That is the perfect place for a long term buy. for now i expect the pair to show signs of a retracement, followed by a strong push up.
Place your buys in now cause we wont see the .70 zone for a while.
(for more frequent trade signals contact us via message)
NZDUSD Magic T (UPDATE)After a profitable short position (See my earlier magic-t publish of NZDUSD). I have now updated it and the magic t. Currently the MT, volume and RSI is telling me we are going short again. But I will currently wait a bit to see if it will rebound. Keep an eye out for this one. It have been one of the more predictable pair. As a quick note. If it was actually going up from 0.69700 it would have been too late to go in long. It is only interesting because it's either reversing now or consolidating before continuing up.
MAs Crossing, Could USDNZD go down in the short term?Trade based only on MAs: 150 and 200MA crossing. Worth attempting short here.
Let's see if only MAs themselves are a good trade strategy indicators
(Well, we also have good resistance tested on 23rd Dec)
Good luck
Classic "Head and Shoulders"Wait pullback to the neckline, and we can sell under ~0.695 after breakout of support
www.forex-tribe.com
Get ready for the USDNZD breakout or breakdownGood money making opportunity on USDNZD, 2016 has been a bountiful year thus far
MACD & RSI Divergence USDNZD H4MACD & RSI Divergence, definitely losing momentum, looking for a sligh pullback and then short... thoughts?
USD is rising post-Trump, or is it?On the weekend after the Trump victory, we have seen a huge increase in equity prices, with the DJIA reaching an all time high. This was to be expected with an across-the-board Republican victory, not only winning the White House but both houses of congress, a situation not seen since 1928. However, what was not expected from a protectionist was a rise in the value of the dollar.
The initial panic spike sold the indices and the dollar. If we take Brexit as a comparison, the indices quickly recovered but the currency (GBP in that case) didn't. So what happened in America?
Well, the resolution of uncertainty was likely to favour USD, whoever won, mainly because risk is reduced. But Trump’s infrastructure development plans, to create jobs, and his tax cuts, are perceived as inflationary, hence why USD is rising contrary to the view of many pre-election pundits. Trump’s five minute off the cuff acceptance speech seemingly transformed him from huckster to statesman in an instant, making his plans realistic, especially given the all Republican government.
It is obvious why this is good for equities, and better for the DJIA than the SPX, better for the SPX than the NDX and so on. Building schools, hospitals and roads, and increasing insurance profits by abolishing Obamacare is great for the giants in the DJIA (including the banks that fund them), but doesn’t help the tech industry at all. Trump wants to tighten immigration and cut taxes. Silicon Valley pays little tax anyway, due to the 'cyberspace' location of it's business, but more tellingly 37% of it's workers are non-citizen immigrants.
It is less obvious that Trump is good for USD. So we have to ask - is USD actually rising? Or is it just that other currencies are falling.
Remember US protectionism is per se bad for other countries. If Trump raises tariffs, then to maintain competitiveness, foreign currencies have to fall. We already know about Trump’s whipping-boy MXN, but EUR is suffering a similar fate, as TTIP, nearly completed, is now likely to be cancelled.
Japan of course is a huge exporter to the US, so naturally JPY fell, rumoured to be assisted by a BoJ dollar purchase.
AUD initially showed little effect, and the drop in the AUDUSD pair is probably more to do with the sharp fall in gold, itself being driven by risk-on in equities rather than USD itself. Even $XAUEUR (gold expressed in EUR) is down nearly 3% from it’s pre-election low, and 4.6% from it’s pre-election November high.
By contrast, the one country the Brexit-loving President-elect has moved from the back to the front of the queue is the UK. This indicates an economic oxymoron; a union of isolationists. GBPUSD has soared 2% , EURGBP has given up 5% this week. The British Europhile tourist paradoxically has Trump to thank.
The final test should be on another isolationist currency, with little skin in the game, the obvious candidate being the Swissie. USDCHF has finished the week only slightly up, and 100 pips below it’s October high.
This DXY chart, for the last 30 days, shows that USD across the board appreciation is far from clear. Of course most of DXY's weight is EUR and JPY.
One can imagine Trump finds resonance in Gore Vidal's quote "It is not enough that I succeed, everyone else must fail". Don't forget Vidal's most famous quote is "Never pass up a chance to have sex or appear on television". I'll leave you with this YouTube clip
