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SELL NZDUSD: +2 STANDARD DEVIATION PIVOT POINT ON DAILY & H1Also as additional technicals to support the short NZD$ view: 1. On the daily, H1 and weekly NU currently Trades (and at 0.73) close/ at to its +2 standard deviation lines, these are highly resistive. - Assuming NU trades mean reverting +2SD means there is a 95% chance of a price reversal/ 95% of all prices should be below the +2SD channel lines (e.g. NU highly likely lower from here). -- And as you can see by the Yellow circle highlights NU has held this +/- 2SD discipline in the past so is highly likely to maintain these levels in the future. 2. Also NU trades significantly above its 60, 120, and 250 Moving Averages on 1h, 4h, 1D, 1wk - this also signals strong overbought prices, where selling has a higher probability of success. *Be sure to check the attached post "SELL NZDUSD @0.73 - TP 700PIPS: BREXIT, RBNZ, FED & USDJPY HEDGE" for NZDUSD short fundamentals*
Short
by QuantumLogicTrading
GBPJPY THOUGHTS - JUNE-SHORT TERM.After the panic selling on friday thanks to the NFP data i am wondered what next week will bring us. No further advices, just leave what you think please. although there is a promising COT of the GBP www.myfxbook.com so i do not know what we are up to after mondays events. But volume did lower so i might be expecting a slight correction to the upside. if we are not going to have that correction back to 0.618 my thoughts are that we are going down FAST.
by JohnQuid
Market Offers the USDollar - Looking to Sell at ResistanceA huge miss today in Non-Farm Payrolls. The USDollar theme has moved back to the soft-side. The odds are now heavily against the Fed raising interest rates this month, and as such, the market has offered the dollar. Trading Bias: Looking for opportunities to sell the dollar from a key resistance level unless we get big news along with a big shift in trader sentiment. Even with today's move down, retail Forex traders are still holding net long USDollar open positions. This suggests that further losses are more likely than sustained bullish price reversals. Sellers pushed the USDollar Index down to the 11776 handle today, a long-term .386 Fib level, which is also confluent with a key price action level. Buyers have come back in, however, but only holding price just above support as of 11:25 AM ET (6/3), at 11857.
FX:USDOLLARShort
by mbauerfx
Fade GBPUSD Topside - Brexit and Fed downside carryGBPUSD closes below the 95% reversal SD Channel line, also LSMA gains momentum past price action indicating a pullback is close.. Short term is bullish but no interest in GU topside. INSTEAD we let the bullish technicals play out, hopefully carrying us back to 1.465-7, then we SHORT from these levels where several resistance levels lie and volatility resistance tightens. I love the SHORT GU play every time until the 15th this month.. 1. FED hawkish momentum continues to be priced into LOWER GU - only 24% is currently priced in, this may/SHOULD become > 40% which is lower GU. 2. Brexit uncertainty will indefinitely take us to 1.40-3 by the 23rd of june. thus shorting GU from 1.46-7 can give us 8-1 reward-risk... 50 pips risk 400pips TP down to 1.43/42 by the 23rd of June.. GU lost 700pips in december after the last hike, it is very sensitive to US Fed - unlike UJ and EU
Short
by QuantumLogicTrading
1
AUDJPY - ''SHORT'' - (CANDLESTICK FORMATION)Confluences and Probability - Clear downtrend 4H + DAILY - 79.703 is channel low on the daily T.F we are seeing a clear break of this level - All MA's are suggesting strong bearish momentum - While having all these confluence to give evidence that we are in a overall bearish market we have other independent factors such as this clear ''Bearish Pennant'' in which we expecting a strong breakout to the downside and take a 2:1 Position the bearish pennant in it's self is a ''Bearish'' candlestick formation in which we should be looking to take a short trade to the downside - Unable to show you the daily chart, but the previous day friday 20th the market printed a LWP Long wick pattern in which price rejected off the previous daily support turned resistance All for now i'm going to start posting a little more charts :D
Short
by DacresFx
5
SPX headwindsA simple comparison of SPX and VIX on weekly chart here. While the VIX index is pushing against the lower support, SPX is seems to be in a very good uptrend, The VIX could and has remained in the lower range for long duration ain the past but dynamics were different back then. Since late 2015 VIX has been very volatile itself and going by the current dynamics, it's probably reasonable to expect a bounce in VIX along with down move in SPX towards the lower support trend line.
FX:SPX500Short
by Kaustubh
EURUSD short preferredEven with the downward channel broken, I still prefer to short this pair towards 1.05. with targets at around 1.0850, 1.0740 - 1.0715, 1.0520 as long as 1.1 holds. A clear break above 1.1 could signal a potential move higher towards 1.14 in the longer term. As long as 1.1 holds we can see further downside towards the previously mentioned areas. First target would be the previous upper zone of the channel 1.0850. Note that this pair is heavily traded and is also used as an instrument by two powerful and influential central banks, the Fed for the dollar and the ECB for the euro. They have diverging interests (Fed, rate hikes, ECB rate cuts) which means that this pair can make strange moves of one of the two parties believes it's in their best interest to down or up talk their respective currency.
Short
by UnknownUnicorn326052
1
NZD/USD downside bias.Looking at NZD/USD's weekly chart we can see it approached and bounced of a long term descending trend line initially bringing our attention to this pair. Heading onto the daily chart we can see the pair formed a double top (highlighted by the yellow line) this was put in place after price was following a ascending trend line. NZD/USD went on to break and close below both the inner and outer trend lines supporting our downside target. Going on to the 4 hour chart we can see the 100 SMA crossed above the 50 SMA securing our downside bias, after this we executed our sell trade with a downside target zone of 0.62543 - 0.60592 (green zone)
Short
by Platinum-Wealth-Creators