Kiwi
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.
EUR/NZD Signal - EUR Consumer Price Index - 29 Oct 2021EURNZD is selling now prior to the EUR Consumer Price Index data, which measures the change in a representative basket of goods and services, and is used to measure inflation. Technically the pair is ranging after a bearish leg, and we are selling range resistance.
NZD/USD Signal - NZD ANZ Business Confidence - 27 Oct 2021NZDUSD has broken the bull flag to the upside and performed a retest prior to the NZD ANZ Business Confidence data, which is released by the ANZ and shows the business outlook in New Zealand. Technically the pair has broken the bull flag to the upside and performed a break and retest pattern. We are looking for a push into the 0.7260 level.
NZD/USD Signal - USD Mortgage Applications - 20 Oct 2021NZDUSD has bounced from resistance prior to the USD Mortgage Applications data, which reveals the number of mortgage applications in the US. Technically the pair has bounced from the resistance, and the RSI has generated a sell signal. We anticipate a small correction in this trend.
We will be covering this position quickly.
NZD/JPY Signal - Seasonal Data - 19 Oct 2021NZDJPY is trending to the upside today, and there is a strong bullish seasonal tendency in play at the moment. Technically the pair is holding well above the support trendline and price has bounced from the 80.70 support. We anticipate this move to continue into the 82.40 resistance.
NZDUSD ShortHey Traders, in the coming week we will be monitoring NZDUSD for a selling opportunity around 0.7085 area respecting the strong down trend on Daily frame ( Trend is your friend) in combination with the resistance zone, once i will notice any bearish confirmation the trade will be executed.
Remember to use proper risk management and don't risk more than 1% of your account.
never trade against the trend.
Trade Safe, Joe.