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Kiwi

$NZDUSD - Another impulse above 0.72550Hi guys! 👋🏻 🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%. 🔔 The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index 🔔 The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters. 🔔 NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance. 🔔 The best would be to wait for a breakout from the $0.72550 resistance and go long. 🔔 The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400 🔔 I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
Whats next for Euro Kiwi? Hi Team, As discussed on last night's FX market scan it looks like many pairs have completed their trends and are now in correction mode on the daily. This gives us an opportunity for some counter-trend trade on the smaller timeframes. I'm liking EURNZD long here for a "C" wave up. Cheers Dale DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
Long
by OrganicFX
FEB 26TH - MARCH 5TH TRADE PLAN FOR #NZDCHF? GOOD DAY SUNDAY TRADERS! From the desk of The Trading Regime, we have discovered an opportunity for NZDCHF. Here are some simple reasons for taking a trade to the downside on this pair: Weekly Bearish price action candlestick with closure to the bear side Break in Daily Structure Daily Bearish Engulfing candle Potential correction in CHF currency this week. OANDA:NZDCHF As always, risk no more than 1-3% per trade, and don't risk more than you're afraid to lose. The Trading Regime.
Short
by EvaultFinancialGroup
NZDCHF downAs per the last post on NZDJPY - I think the move down on NZDCHF is coming a little sooner. Both suggest a shift in the NZD as the driving factor for the bigger move. looking at the monthly we are closer to the regression top. The weekly is already above Regression. And all major timeframes (Monthly, Weekly & Daily) are Stochastic overbought positions. 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.
Short
by Mayfair_Ventures
NZDJPY Long situation monthly prior to major reversallooking at the monthly structure, we can see a strong A, B, C pattern playing out - moving to the top of the regression. This is supported by the Stochastic being overbought. From a COT perspective, the numbers show a rise in NZD buying throughout Jan for the leveraged funds and the inverse for the asset managers. Shorts have been steady with a sharp rise on the week of the 2nd of Feb. JPY data shows; mainly rising short positions from the start of the year for both asset managers & leveraged funds. Asset managers picked up more JPY longs as of the 9th of Feb and the leveraged funds have been slowly accumulating longs since the middle of Jan. So expectation would be a rise to regression and a drop to create a bigger move down overall. 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.
Long
by Mayfair_Ventures
2
NZDUSD Has An Unfinished Five-Wave CycleHello traders! Today we will talk about the Kiwi (NZDUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. We all know the Kiwi is a commodity currency and commodities are positively correlated with stocks, so because of bullish stock and risk-on sentiment, the Kiwi remains under strong and impulsive bullish pressure and it may see more gains as we see an incomplete five-wave bullish cycle. Well, currently seems like NZDUSD is just slowing down in wave 4, so we can easily expect more upside for wave 5 that can push the price even up to 0.74-0.75 area before it forms a potential top. Trade well! If you like what we do, then please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
3
NZDUSD breaking out of consolidation? Needs confirmation.From neutral to bearish (see previous idea/post link below) especially if we see a daily close as confirmation. Measured target for this move shown in the chart. This is a reversal trade and is a contrarian position against the overall preceding trend. I tend to view these setups as lower probability so I'm managing my risk here as best I can. Let's see what the market gives us. This is not trading advice. Trade at your own risk.
Short
by thedailychartist