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Kiwi

The Kiwi Ripe? Ichimoku NZD/USD Long Trade SetupWith the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our structure highs. As an alternative, if we consolidate and move a little sideways here I will trade a break out of this current resistance level I've noted with a blue horizontal line. If we rise above that and either close or look strong, I'll enter a long that way. If either of those scenarios fail to take place, I'll consider this setup invalidated.
Long
by The808Trader
EW ANALYSIS: NZDUSD Is Beginning To Turn BullishFX:NZDUSD The Kiwi formed a clear five-wave rally from 0.6425 lows, which in EW theory suggest more upside after a correction. As you can see, pullback was deep, but complex with overlapped wave structure and also nicely within channel range, so we assume that this was just a double zig-zag W-X-Y corrective decline. And yes, The Kiwi bounced idealy around 61,8% Fibonacci retracement, so seems like the support has been found at 0.6585 level. That said, we think that NZDUSD made a nice bullish setup that can send price back to highs 0.6970 highs or maybe even higher. Just have in mind that we still need a confirmation for this, so bulls can be confirmed only above 0.6880 region! Of course, this may take some time, it could stay sideways or it can go even more complex, but anyhow, we will remain bullish as long as it's moving above 0.6425 invalidation area. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
KIWI Trying to Resume Its Downtrend, 0.61000 Level In Sight !Kiwi was not performing against the USD that good last year and this year might be the same case scenario too. Have look at the above Monthly charts picture for NZDUSD. There are numerous long term trendlines one of which was broken a few months ago signalling the kiwi headed south towards another long term trendline located at around 0.61000 level!. The main chart is the daily version showing that there is ascending trendline developing and if in the coming days it breaches the kiwi might head south. Basically it seems its just a consolidation move before the downtrend starts to resume. Shall there be any updates i will provide them below in the comments. any trade set up would be provided too together with entry, sl and tp levels. cheers happy trading
Short
by FX618Analysis