Kiwi
NZDUSD weekly outlookThe kiwi has held its narrow range between the 50% fib retrace @$0.69 & $0.673 which has been a solid pivot area. Now alongside those 2 levels we have 2 moving averages. The 200 day joins the bottom of the range & the 200 week joins the top.
The key formation though is the triangle (purple dashed) so a push through the 200 day and the lower slope of the triangle comes in @$0.665. A break through the 200 Week targets the upper slope. Always keep in mind the long-term pitchfork formation (Blue).
Daily
A shorter term triangle is forming & both slopes also coincide with the moving averages
4 Hour
GBP NZD SELL (POUND STERLING - NEW ZEALAND DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
SWING TRADE for KIWI (NZDUSD). Price aiming towards 0.64 cents
The above presents the analysis for this trade setup.
INSTANT SELL PRICE AT AROUND 067600 LEVEL
STOP LOSS: 0.70000
TAKE PROFIT: 0.64300
RR: 1.35
SHALL THERE BE ANY UPDATES I SHALL PROVIDE THEM IN THIS THREAD. CHEERS AND GOOD LUCK
EURNZD SHORTI shared this idea in my trading group today and it looks very promising. The hourly candle which just closed looks very bearish. However, I will keep in mind any bounce from the trend line or the TP zones.
Trade safe and good luck!
NZDJPYSELL THE BREAKOUT
- Watch for the Breakout
- Wait for Retest
- Clear confirmation and Breakout
EURNZD SHORTJust like my previous post on EURAUD, I am also bearish on this euro pair.
Trade safe and good luck!
A Close Above Daily EMA 50 Might Take EURNZD To 1.69000 level !1.65000 level represents the concrete support level drawn from the Monthly charts, which has been clearly rejected and the price now aims at breaking the channel that it is confined in and close above the daily 50 EMA!
A convincing close above daily 50 EMA needs to take place, thereby giving further confluence that the price is headed towards the 1.69000 level!
1.69000 level is the area where the weekly 50 EMA is present and can often act as a dynamic support and resistance and therefore our target would be that level. In the future if the price breaks the weekly 50 EMA we can opt to take this pair further LONG to the next resistance (THE RED LINES ON THE CHART)
On the fundamental aspects the AUD and NZD are both set to depreciate this year with the reason being they are too overvalued at the time. I feel a drop in NZD against the USD will likely happen soon and this will inturn have great impact on the EURNZD too. It remains to be seen if the technical aspects meet in the coming days.
shall there be any trade entries i will post them in a new thread. this just represents my analysis and outlook of this pair. cheers
AUDNZD SHORTThis trade looks amazing and I will be monitoring it on the smaller TF's to get an entry.
Yes my chart is simple with only 2 lines but I like to keep a clean chart :)
Trade safe and good luck!
NZDCAD SHORTAs you can see, this is a great swing trade setup. However, I will not rush into this pair as I will be waiting for confirmation to go short. My TP is where a gap that was created on 24 Feb will be filled.
Trade safe and good luck!
AUDNZD LONGAUDNZD has bounced off a support zone on the weekly charts. I have now used the smaller TF's to enter this trade and will look to take profit soon, as this is a short term long. This is a short term long as this pair broke the support and made a lower low, so I am expecting a big move down soon.
Trade safe and good luck!
NZD USD SELL (NEW ZEALAND DOLLAR - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action for sell.
