Can EURNZD move against the direction of the leader?
While EURUSD head to down sharply and I take profit from it's bearish move, I'm wondering if taking some profits is possible in opposite direction from EURNZD!
Every thing is clear.
Moving averages confirm the trend and a levels is almost impulsively broken!
Waiting for the best moment to enter!
Buy in the zone!
Kiwi
NZDUSD can reach new higher targetsAs you can see, in #NZDUSD, the price could reach to new major high in 4hourly time frame, So we can expect new uptrend in long term. Although the price is moving under the 'POC' line, but we will see new accumulation and then new distribution probably in lower time frames. The important thing for execute the position is seeing the powerful uptrend in 5min or 15min time frames.
NZDUSD BEARISH CHANNEL AND PRICE ACTIONKIWI on a Daily chart and Weekly moving sharply downtrend.
There is classic bearish formation and still need to retrace.
The medium-term momentum is still bearish and the pair is holding under the declining medium-term moving averages, so the mood remains bearish and the resistance at 0.6820 should limit the rise. The pair will then move below 0.6700 and target 0.6510/6470.
Prices already broke out of H4 swing low, leaving behind a supply zone for us to work with. Wait for a distribution or confirmation that prices wants to head lower.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NZDUSD Long Scalp (Day-Trade)Hey this pair has been facing alot of selling, a major trend reversal should be coming soon, but big 4 hour red candles have occurred for NZUSD, AUDUSD, GBPUSD, these pairs should be moving higher on Sunday for at least a day trade. Stop can be placed a few pips below close.
NZDUSD looks bearish at support. The NZDUSD Kiwi is facing some support as we are at the channel at .6950 following the re-nomination of the Fed Chair, Jay Powell. The risk is that the USD (which had a significant rally and hitting a new 2021 high today) could rally against the NZD strongly if this confluence is broken. The NZDUSD has been trading heavy in recent weeks but the .6936 78% Fibonacci retracement of the Sept lows to Oct highs could allow for a move back to the .6860 and possibly the .6800 key support in the week(s) ahead.
NZDJPY - Will The Flightless Bird Soar? NZDJPY is stabilising around support at structure / fibo 38.2% level / 50 moving average.
NZDJPY also has a bullish seasonal tendency in November & September.
I am looking for upside to continue into the 27% extension.
The RBNZ will likely have numerous rate hikes in the coming year, and NZD traders are looking to price this in now.
Kiwi EMA's ready to take off?*Price retesting trendline (b) and it seems like it is acting as a support.
*Price closed above trendlines (a)&(b)
*Price closed above 200 EMA (purple)
*Speaking of EMA:
20 Red
50 Green
100 Turqoise
200 purple
EMAs are perfectely and respectively aligned.(Looking back in time, When 20,50,100,150 & 200 EMA aligned, noticable moves were made).
N.B: The 150 EMA is also respectively aligned with these 4 EMAs (between turqoise & purple).
As my fifth & last indicator, I Chose the Ichimoku, as we can see, price found support and remained above the clouds.
*A change in the structure of the market is starting to show with the higher high and higher low.
It does not mean it is a winning trade, but this is kind of setup I look for it.
NZD/USD Signal - USD Retail Sales - 16 Nov 2021NZD/USD has bounced from resistance prior to the USD Retail Sales data, which measures the receipts for retail stores domestically. Technically the pair has bounced from resistance at the previous structure and the 38.2% fibonacci retracement level. The RSI has now turned bearish, and we anticipate continued downside into the 0.6900 level.
NZDUSD - Live weekly Elliott plotsAs per plotting of the Weekly in Advanced Get - we will update these ideas with daily plots.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
NZD/JPY 38.2% Fibo Support! + Bullish SeasonalityNZD/JPY has traded into the 38.2% fibo retracement level as support, which is also the previous structure resistance .
NZD/JPY has a bullish seasonal tendency from September through to the end of the year and we anticipate this seasonal trend to play out.
Looking for upside into the 27% fibonacci extension level.