Kiwi
GBPNZD 1hr Sell Setup Price has retraced back into an area of sell / buy sensitivity and presents a good short position, with recent swing highs used as stop protection.
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.
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.
NZDUSD REACHES 0.6700 RESISTANCE...NZDUSD has finally tested the 0.6700 resistance level. Price could start to find some sellers here
as traders in from the 0.6500 level will likely be taking profits at this area. If the price does reject
here we expect to see a shallow retracement before seeing further upside. We will be looking for
a daily higher low in order to look for long opportunities.
NZDJPY LONGAs i stated on Monday, the majority of yen pairs have started recovering from the drops of last month. This pair I took a long on Monday in my premium group and looks set to hit my target and potentially target 76.5 in the long term.
Trade safe and good luck!
NZDUSD 0.6700 BY THE END OF THE WEEKIn this video update, we take a look at NZDUSD as we expect the price to test the 0.6700 resistance.
The CoT reports highlighted an increase in long contracts this week showing us the commercials are happy
to buy at these levels. The 4hr timeframe has highlighted a minor demand zone around 0.6600 where the
price could find buyers.
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.
