ZenTrader111

ZenTrader111

Easing by RBNZ could be seen soon and reduce the interest rate differential between NZ and Japan. Daily close below cloud, cloud has turned red and lagging line is close to pushing below the cloud. Entry @87.75, SL at open of strong bearish candle @ 90.72, TP 81.81

ZenTrader111

trailing stop loss with conversion line entry on close of January candlestick, and if lagging line piercing through the cloud

ZenTrader111

Declining interest rate differential following BoC's move to cut interest rates to 0.75% from 1%. yesterdays price action saw the lagging line close below the cloud, confirming a downward trend SL - orange dotted line TP - green line entry - yellow line

ZenTrader111

SL @ open of bearish candle at 184.338 TP @ 164.482 Entry @ 178.69 Bearish signals - close looks set to be below the Ichimoku cloud -cloud looks set to turn from green to red -Bearish momentum - base line above conversion line -Conversion line trending downwards Currently...

ZenTrader111

Short NZD-USD Place Stop Loss at red span @ 0.7821 (Should have set SL higher at 0.7950, Swiss black swan event would have caused this trade to fail) Re-entry @ 0.7771 at close of 19th Jan 2015, candle closes below conversion line and below the cloud (strong bearish signals). SL@0.7821 top of cloud - red span Take profit levels indicated by the yellow lines -...

ZenTrader111

Negative deposit rates will be implemented by the Swiss National Bank on 22nd January 2015. US looks set to raise interest rates in mid-2015. Fundamentally, the USD looks like it will appreciate against the CHF, given low growth and possible deflation in the Eurozone. The monthly Ichimoku looks very bullish December's candle has closed above the Ichimoku cloud,...

ZenTrader111

The MACD is making lower lows, while price is making higher lows - known as hidden bullish divergence. An upward move and weakness of bears will be further confirmed when the MACD makes an upward crossover. Any long positions should wait for the MACD to make an upward crossover, which could be sometime this week. Less resistance is found to the upside as the...

ZenTrader111

China's retail sales and industrial production may further boost AUD if better than expected. MACD looks set to display upward cross-over, confirming the divergence and acts as an entry signal

ZenTrader111

Hidden Bullish Divergence If the Euro zone data this week s positive (GDP and CPI), we should see a reversal of the current downward trend.

ZenTrader111

Hidden Bearish Divergence Enter on this hour's close as MACD should display downward crossover.

ZenTrader111

Price action is making lower highs, while the MACD is making higher highs. This is known as Hidden Bearish Divergence - indicates underlying weakness for the AUD-USD currency pair. Entry in short position is suggested when the MACD displays a downward cross over, which will act as further confirmation of hidden bearish divergence. Take Profit just above the...

ZenTrader111

Hidden bullish divergence

ZenTrader111

A shooting star candlestick pattern formed for the last week, indicating a possible trend reversal next week. Further confirmation will be given if the open on Sunday night is lower than the close on Friday. The MACD also indicates the pair is overbought, as the height of the histograms are fairly large and the faster MA has moved further away from the slower MA....

ZenTrader111

Hidden Bearish Divergence

ZenTrader111

GBP-USD has recovered after selling pressures pushed the pair below the -2 standard deviation from the mean of the last 100 periods. The price action should tend higher and the RSI looks set to post a figure above 50. Take profit at +1 or +2 standard deviation line.

ZenTrader111

The stochastic is making slightly higher lows and a cross-over has occurred. Further confirmation will be provided when the stochastic moves out of the oversold zone. Price has been making lower lows. Regular Bullish Divergence - suggests bears are weakening and signals possible trend change from downward to upward. Positive employment data is expected from...

ZenTrader111

Also notice double top candlestick pattern, signals potential trend reversal to the downside. The Relative Strength Index has moved below 50, indicating the market is not oversold yet and that a downward trend is forming. The price action has retraced further than the 23.6% Fib level from the high posted on 02/11/2014. The price should retrace further to the 50%...

ZenTrader111

Regular Bullish Divergence - further confirmation will be provided when MACD displays upward crossover.