Kiwi
NZDUSD PULLBACK TO 0.6560We will be watching the key 0.6560 level for another long opportunity on NZDUSD.
The non-farm payroll figures could push prices into the demand zone. We still
expect to see prices back up at the key 0.6700 resistance.
AUD/NZD fundamental outlookAUD is now fundamentally weaker currency after the recent RBA rate cut, dovish bias and the latest weak GDP print. The odds are now in favour of another rate cut in 2019.
On the other hand, NZD is supported and currently not in the footsteps of their bigger western brother. The equities continue to be in favour of kiwi and the NZ economy is doing good.
There is a policy divergence forming in our favour too.
VIDEO ANALYSIS: NZDJPY SWING TRADING OPPORTUNITYNZDJPY has been high on our watchlist for a long opportunity for some time now.
The 4hr chart is starting to form a higher high and a higher low and is set
up for a swing trading opportunity.
VIDEO ANALYSIS: NZDUSD TRADE UPDATE AND POSSIBLE ADD IN TRADESIn this video update, we are taking a look at NZDUSD as the price is breaking into new highs on the daily
timeframe. Now that price is breaking higher we can look for potential add in trades on the lower timeframes.
We already hold a position on the daily timeframe from the initial bullish engulfing candle. We are expecting
price to test the April highs around 0.6700.
EURNZD - SHORT - HEAD AND SHOULDERBias: Short
1, Head & Shoulder Pattern
2, Daily Resistance
Target based on length of head to shoulder and 61.8% of Fibonacci retracement
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.
RETESTING AREA OF SENSITIVITY TO GO SHORT- Price has been supported for a trendline since last December
-Broke out to the down side
- Now retesting
- Pin bar in the H4 rejecting area of resistance (there's also a candle in the daily chart rejecting this area)
- Waiting for confirmation (e.g. bearish engulfing candle)
- Posible target to previous area of buyers
What do you think?
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.
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.
NZDJPY next leg down?SUP SUP
how are we going today?
Looking at the NZDJPY, to me it looks like its ready for its next drop..
Dont you?
This in an idea and not intended to be a signal...
If you do decide trade, keep your risk managed.
Cheers!
ANALYSIS: NZDUSD LONG FROM 0.6450The kiwi has been significantly weak however strength and weakness indicators are suggesting
a potential reversal. Seasonality through the middle of May shows a bottom for the kiwi.
If we see the price drop into the key demand zone around 0.6450 we will be looking for long opportunities.
eurnzd on its way down?Just another update.
Im not personally taking this trade.
The euro has been a little hard to read lately to be honest...
So we will see what the price action tells us before we make our conclusion....
This is just an idea and not intended to be signal.
Remember to keep your risk managed
Cheers :D
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
EUR NZD SELL (EURO - NEW ZEALAND DOLLAR)Hi there. Price is forming a continuation pattern to the downside. On lower time frame price is forming an another continuation pattern. Wait for the price to complete the continuation pattern that is forming on lower time frame and watch strong price action for sell.
[symbol="FX:EURNZD"]FX:EURNZD[/symbol] - UPTREND in progressFX:EURNZD - UPTREND in progress
It´s never a straight line.
Managing your money is more important than the amount.
BIG profits to you ALL!!!
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I am grateful to have been taught by God and myself on trading. My money grows everyday.
NZDCHF Aiming To Hit 0.63500 Level!Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely hit the next support that lies at 0.63500 level.
I am already SHORT on the NZDUSD and i will not risk taking this trade for another SHORT as they are both heavily correlated! Nonetheless its a very good trade and overall we are likely to see NZD and AUD both depreciate this year.
This just represents my outlook on this pair. shall i close the NZDUSD active trade early this pair would be my go to pair in the future. i will update the trade details if the criteria meets. cheers
NZDCAD Awaits Triangle Breakout Momentum To Start Trending!The main chart shows the monthly TF of NZDCAD pair from which it is visible that the pair is confined in a triangle. The red horizontal lines represents the concrete support and resistance levels drawn from the monthly charts. Should the triangle break (the monthly candle closing outside the triangle) we could potentially see the price target those red horizontal levels!
My view on this pair is neutral, which means the break to either side is a possibility. The trade war conflict i feel will likely decide the fate of this pair.
This just represents the analysis of mine on this pair. shall the trade criteria meet i will post the details in a new post
Euro/Kiwi - Potential Bearish Move Seen!Euro/Kiwi - Prices look like they are getting exhausted at these levels (within the 61.8 and the 76.8 fibos).Prices seem to be within this range since a few days signalling exhaustion of the prevailing uptrend.
Overall from a weekly and daily perspective we look in a downtrend and hence after receiving a few more bearish candles and MA crossovers to the downside - i will look into shorting this pair for targets closer to previous blue zones.
Pound/Kiwi - Bullishhhh!!!GBP/NZD - 2019 Highs for this pair which speaks volumes itself and looking to head even more higher day by day - A small reversal has been from the top hence expecting the price to consolidate here and then push up to the main regions of resistance
Looking for the 2.01 levels as first hit of resistance - with 2.00 being a psychological l will be taking some chips off the table at those levels.
Pound Pump Incoming :ok_hand::ok_hand:
NZDJPY Likely To Drop Towards 69.000 IF the Support Breaks Looking at the chart, the monthly TF gives an overall technical perspective to where this pair might be headed. the three green lines are concrete support and resistance levels traced from the monthly charts. Shall the current or future candle (Monthly candle) close below the 73.000 level (green line support) we can confirm that the triangle has been breached and the price would likely fall towards 69.000 level thereafter.
Fundamentally, the NZD is expected to loose most of its value this year as the economy is not doing too well plus the currency is highly overvalued against the USD too.
This just represents my outlook on this pair and its not a trade signal. shall the criteria meet i will post the trade details in a new post. Cheers
NZDUSD SHORT FROM 0.6700NZDUSD continues to pullback towards the key daily lows at 0.6700.
Looking at fibs we can see the weekly 61.8 fib overlays with the key resistance.
This adds weight to our resistance level and we will look for a short opportunity from this level.
We are currently long into these lows and stops have been moved to breakeven to see if we
can run up to targets before following the trend.
