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Currencytrading

NZDCAD: Long term Buy opportunity.The pair is on a strong 1D Channel Up (RSI = 61.239, ADX = 42.796) since the rebound on the 0.82450 Support. This support level has been holding since 2015 and we are expecting this rebound to be extended on a much longer time frame. If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This is essentially our Target Zone: 0.91750 - 0.92800. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
AudUsd Rate Pair - The Aussie Rate AudUsd Rate Pair - The Aussie Rate The Aussie Rate from my experience of watching and through observation on this Rate. Is that the full monthly chart cycle is a little incomplete from the top of the current monthly chart Range at 1.1039 towards the lower end at 0.0623. I can only justify that through many years of experience at using the Fibonacci Gauge Lengths will prove valid and by my own account through the monthly chart cycle phase price will continue onto A Lower Low end outcome towards 0.0623 Is at 80% percent inside bar re-tracement lower of the current monthly chart high cycle. As reference point this analysis is based only my expertise of using the Fibonacci Re-tracements Method. All strategies referred to by my-self incorporate the Fibonacci Extension Methodology so allowing for plenty of time whilst the Indexes are trending is very essential and will play out key towards finding the right outcome to the Currency Rates.
Short
by UnknownUnicorn5176330
Kiwi underperforms as investors bet that RBNZ will cut rates oveExpectations at time of writing, drawn from short-term rate futures, imply an 80% chance that the RBNZ cut of a -25 bps on Wednesday, with the rest of the 20% attributed to a hold. Although inflation has subsided, the softening employment situation and weak business confidence suggest that further easing is warranted, a decline in NZD and an improvement in the housing market may allow politicians to stay out this month. We believe that even if RBNZ leaves interest rates unchanged, the continuing uncertainty in the region should keep the bank dovish and the risk for NZD is downside. After that though, the currency’s direction will depend on the signals about future easing. If the RBNZ holds the interest rate, it can catch many people unprepared and this would probably be the most bullish scenario for the NZD pairs. In that case we can see NZD/USD to test 0.6400 resistance. If the interest rate is reduced (as expected), but still the bank refrain from being overly dovish, then it could print a minor rebound. With a dovish cut, we can see a break below $ 0.6320. Purely technically, NZD/USD has been trading in a downward price channel since early November on the four-hour chart. The channel model was formed on November 4. Earlier this morning, the NZD tested the 0.6365 resistance zone formed by the upper trend line of the bearish channel and the 200-day EMA on the four-hour chart, but stepped back. If this resistance area continues to hold, then intraday signals remain in favor of the bears and we can watch the trade continue within the downside channel before the decision tomorrow.
Short
by ForexTrendline
GBPTRY: Short opportunity within a Descending Triangle.The pair is comming off a rejection on the Lower High trend line of the 1M Descending Triangle (RSI = 60.943, MACD = 0.510, Highs/Lows = 0.000). Based on the previous Lower High made and the RSI it traded, we are expecting a stronger decline towards the previous low. Our sell Target Zone is 6.87000 - 7.00000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
2
AUDNZD Double Bottom With A Trend Line BreakThe Weekly and Daily Time Frame are all bullish in middle of making their way up to resistance, coming from a strong solid support, the weekly time frame had scored a point and pulled back but I still believe that this is going up higher. the market has formed a double bottom and already broke the counter trend line Im going to wait for the market to pull back then im going to enter and im going to watch out at the resistance level if it breaks through it or if its going to stop and further consolidate, bigger picture this should break out to the north.
Long
by ElyaStein
EURHUF: Strong long opportunity on the 1W Channel Up.The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 - 340.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
We are bullish on EUR/JPY as at OCT. 15, 2019We are bullish on EUR/JPY as at OCT. 15, 2019 Risk = 0.5% of Free Equity Entry price = 119.777 Stop Loss = 117.915 Take Profit : 135.946 Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Trading Strategy #4 The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Long
by globalfinancialengineering
Possible EUR/AUD Short position !!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.621 C - Fundamentals that may affect the pair AUD Unemployment Rate on the 17th Oct @ 10:30 AEST D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.621 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader