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Kiwi

Kiwi to Falter? - Ichimoku NZD/USD Short Trade Opportunity The good NFP and economic data helped the USD surge across most major pairs on friday. I am looking for a drawback then chance to hop on to some hopefully continued strength. I would like to see a drawback and rejection at the zone I've drawn to validate a sell upon a kumo breakout. We have our ichimoku bearish confirmations, but we'll want to see those hold and continue to develop. As an alternative I may set a sell stop below the previous candles wick to enter short, should we break that level of support without getting the drawback I want to see. If either of these scenarios fail to develop, this setup may become invalidated.
Short
by The808Trader
2
NZD over AUD? - Ichimoku NZD/AUD Short Trade SetupThe kiwi has been fighting back across the board but especially against the aussie recently. We are at an important price structure level that if we break, should help the bearish trend continue. I think this will be a good candidate for a sell stop for entry, but as an alternative we could wait for a drawback and rejection at tenken sen to enter a sell. I've drawn some horizontal lines at price structure levels where I'll be taking partial profit at along the way to the longer term target. Per my usual style I adjust the stop loss into profit as this advances, and I leave partial position open even past my long term target, as long as the trend is still valid. If we fail to break lower or get a drawback and rejection, this setup may become invalidated.
Short
by The808Trader
1
Kiwi Ready to Rise? - Ichimoku NZD/USD Long Trade SetupThis is the same setup as last week as we continue to watch this develop. We have formed a new higher lower but I still want to see that break of price structure resistance before I open a long position. There may be some volatility this week as more Trade War rhetoric is hashed out by the Trump administration. It may give us the push this setup needs to get a bullish breakout. If we can't break through that price structure resistance or if we break back down below our new price structure lower high, this setup may become invalidated.
Long
by The808Trader
1
LOONIE (CANADIAN DOLLAR INDEX) (CXY) DAILY TIMEFRAME SHORTThe Loonie index is currently moving in a downtrend, as shown by the lower highs and lower lows on the daily timeframe. This is also in sync with the commodities markets (crude oil, well and even gold), which have been experiencing bear pressure lately. It is no secret that currencies like the Loonie (Canadian dollar), Aussie (Australian dollar) and the Kiwi (New Zealand dollar) are driven by commodities. The outlook of the commodities market can give us a bias towards these currencies especially if their movements are in harmony. If the index can break above the 75 price level, then we could see a potential bull run. For now, our bias remains bearish with potential targets around the 72 price level.
TVC:CXYShort
by munyaelliott
Kiwi to Fight Back? - Ichimoku NZD/USDThis pair has been on a bearish for a long time and but it has finally made a move up and into the kumo. I am watching for what will probably be another drop and test of support then we can look for a kumo breakout. I am also waiting for the kumo twist to complete as a further sign that the kiwi may finally start to try and claw it's way back from these fresh lows. I've drawn out lots of targets to aim for should this actually get the bullish breakout and entry we're looking for. If we fail to get that move up or if support does not hold, this setup may become invalidated.
Long
by The808Trader
2
Excellent SWING TRADE SHORT opportunity for NZDUSD!Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level. The above link leads to the trade setup details on this pair. Please read the related ideas section too on the fundamental analysis behind this trade ENTRY LEVEL: AROUND 0.67500 TAKE PROFIT: 0.64000' STOP LOSS: 0.70000 All in all its an excellent swing trade opportunity with very high probability. shall there be any updates i shall provide them in the attached link above. Please leave a LIKE and Follow me if you would like to receive further analysis and trade setups. cheers and thanks
Short
by FX618Analysis