Kiwi
NZDUSD - Kiwi...Today's set up!Worked out well yesterday, what will today bring us?
Just a quick take today - as it's Friday!!
We are still following the same technicals as yesterday, we had the bullish momentum towards upside.
Out of channel the bears are in further control, the next trend-line could be a possible target.
Still within channel, bullish momentum continues, and allows us to the next resistance area within the channel!
Fundamentals: Today NFP - Keep an eye on SPX & Dollar pegged pairs.
Enjoy!
Remember: Just an idea, not a recommendation.
We dont use technical analysis anymore - this is why! A great example - we no longer use technical analysis at all - but I spotted this from elsewhere.
Its a great example - that demonstrates our strategy will catch any big move anyway so save yourself the time and subjectivity.
We have no need to draw and analyse our charts - our strategy is already coded and we now execute and follow with confidence and belief in performance.
The technical traders that DID spot this, will see a trend line break and a push to the upside.
We just see a buy label, after closing our sell for 100 pips too.
All about probability.
Regards
Darren
NZD/USD Heads & Shoulders W1Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action.
Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements, rising COVID cases as well as high-unemployment are factors we should consider before executing a trade.
Do your own due diligence, don't take me word for word I'm only a newbie with a passion for trading!
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Nube #59EURNZD sell limit @1.78235
SL @1.78608
TP @1.76920
Nice confluence zone, price is quite overextended.
NZDCHF (August 3)This pair has the potential to form a form a flag, as right now we are in a corrective state. If the pattern forms I would be looking to short at the rejection of the top of the flag.
NZDUSD Buy - NFP - 2 July 2020NZD/USD is trending higher prior to NFP. Non Farm Payroll measures the number of jobs created in the previous month excluding agricultural jobs. We anticipate further NZD strength against the USD into the 0.6568 level.
NZDCHFI have identified an expanding on this pair and typically expanding tend to move higher to the upside. Price has the potential to head higher to the top of the expanding, and perhaps even break.
AUDNZD is forming a great base before big breakoutAUDNZD needs more consolidation in the coming moths
EUR/ NZD Here, on the 4H we have a Deep Crab Pattern on the Euro Kiwi. Now, Knowing that the COT report is in favor of buying i am trying to find buying oppritnities for the Euro. The Kiwi is also in buying favor coming from the COT, but not nearly as much buying power as the Euro. I am expecting a little drawdown but overall an upward move
NZDCHF (July 19)Price is looking like it will continue the move to the downside. On the lower time frames, a correction is forming which adds confluence for the continuation. Of course there is a possibility we hold this channel bottom and head back up to the channel top but the market will give us confirmations in order to take advantage.
GBPNZD Trading Into A Temporary Setback?Hello traders!
GBPNZD is still slow here at the lows, but based on intraday view, seems like price is still looking for a bigger corrective recovery in wave 4 which can retest the 1.9450 – 1.9650 resistance area before we may see a continuation to the downside within a wave 5.
Trade well!
WOL3.1 #114AUDNZD buy 1.06171
SL 1.05950
TP 1.06614
R= 22.1 pips
If price reaches 1.06392, move SL to 1.06216
NZDUSD bearish engulfing shortNZDUSD still bearish until it hits target. I'm going to give it another try.
Check Related Idea below for context
Short: 0.65385
Target: 0.65194
S/L: 0.65438
Risking 2%
NZD/CHF (July 12)I have been watching the kiwi for weeks now and price action has just been developing. Price is at key level of value, similar to NZD/USD so I will be watching to see how the NZD pairs perform this week. Price has formed a channel and now we have touched the top there is a possibility for price to move to the downside. For the longer term play I would be looking at 0.60400, which could then form a double bottom.
NZD/USDHello,
I've got for you two nice ideas with smashing R/R, over 8 R:R in both cases.
So this pair has arrived in a key area, please check on daily, weekly and mothly TF for bigger picture and a nice overview.
The pair has right now arrived in a supply zone on daily, in this case we have to wait and see what will happen on NY Open. if the price will break the 0.65750, we could go in a long but only after testing the zone, we could aim the high price from July 2019 and 31 December 2019.
The back up idea is a short from 0.65750 till the base of this formation @ 0.64300 - 0.64200.
Let's wait and see what is happening on the New York Open but personally I see a bias change on this pair and we could see a nice long, also I checked the economics from both sides and from USA we have worst news, the fight in the streets, number of COVID-19 is on rising trend, on the other hand,if we talk about pandemic problems, in NZ the situation is under control and they report under 30 cases since April.
More updates will be here soon !
Stay safe and have a good day !
NZD/CHF (July 5)Similar to the other NZD pairs, price is in a key area of value and it is likely we will se price react in this area. A first target would be the trend line and if we break, then we will look to reach the beginning of structure.
