I consider the NZD to have a stable and growing economy with a large and growing client in the Chinese. I look forward to watching how the currency plays out in all the major pairs. Keep in mind that this pair can go the opposite way and reach 1 for all i know.
I'm looking for a break in the green trend line to go long. I would also like to see the boxed pattern repeat itself
The main driver of the chart is good old fashioned politics. I just used trend lines to look at what was possible and picked the extremes in price. Expecting the presidential elections to become a little more heated over the next couple weeks, could be a good way to see that this pattern may not play out to well. the goals and dates are the same as the old chart,...
Don't trade off the chart without having your own plan.
Just testing my accuracy if accurate at all. Working on technical studies.
i'm bullish on NzdUsd but with all of the pressure having been applied to the pair lately... At any rate trade carefully and stay sane.
You really shouldn't trade off of this chart. It is just a game that you should feel free to join. Point is to see who has a natural talent for direction. Just a few seconds on the chart and done, No in depth planing allowed if you are posting for the game, haha. Indicators allowed, but no strategies.
Just publishing so chat can see when it breaks. Held on the minute chart for 16 minutes so far
I will start to publish Ideas that i will be using for direction. They are meant to be used with the news and not from technical studies by themselves. They will also change if I see a change in future direction.
Considering the new environment, there should be a growing concern surrounding the stability of the financial world. This is just a basic channel meant to be used with current events. The Elliot wave analysis does not follow the rules of wave analysis as it is presented. Trade at your own risk and know that I am still new to technical analysis, meaning i am...
Trade on it in 2020 if its been accurate till then, lol
hoping resistance will reject the upward move on the first attempt and fail to hold on the second. the is a second trend line with more resistance that i believe will provide a strong rejection