GBPNZDThe downtrend continues after price broke its counter uptrend line now would be looking for a retest for a continuation to the downtrend..
Kiwidollar
NZDCAD DAILYDouble bottom formed on the daily at the trend reversal zone, price broke out of its downtrend channel & retested making a (higher low) now rejecting at a strong resistance level turned into support. Will go to 4 hour or hourly time frame to look for potential entry opportunities
AUDNZD DAILYPrice broke out & retested its uptrend channel, showing a reverse of trend & it looks like price is making lower lows & highs now.. Price rejecting resistance once again, a new lower low is likely on the cards
GBPNZD 60NZD news coming out shortly, on this pair we can see price is ranging below daily resistance. Watch for a break of channel for shorts down to next daily support ..
EURNZD DAILYPrice broke out of its daily channel to the downside & is back up retesting the broken trendline. However, euro is very bullish right now so I will not consider taking this trade until further confirmation & rejection of the level price is testing now .. Price may pop back up into the channel again we will have to wait & see
AUDNZD 60Simple support & resistance in play.. Watching for a close above CTL for buy opportunities ... :)
NZDCAD DAILYPrice failed to break weekly resistance, breaking out to the upside of its falling wedge as well. Looks like the Moving averages are crossing over to the upside as well & price is breaking high base resistance showing a potential change of trend. Weekly candle closed with a bullish engulfing as well. More upside expected here..
NZDUSD 4HPrice finished off the week with a bullish engulfing weekly candle close, rejecting at a key weekly support level. Seems to have broke out of its 4 hour channel as well as breaking & closing above daily resistance turning support. I will be looking for buy opportunities if price can stay above daily support its above now .!
NZDCHF 4HWatch for a break of the CTL for shorts, price reached the top of its daily downtrend line & made its "3rd touch" many times being the one that leads to a strong move...
GBPNZD 4HNice potential setup, price trapped in a small range & is due for a breakout shortly. Watching for a break of the uptrend line & retest for shorts.. A break of resistance may send this pair to the top of its channel..
NZDJPY DAILYPotential double top / continuation of its downtrend after price broke its original uptrend line.. I will be watching for a daily close below the 38.2% fib level for shorts next week down to price's previous low
Shorting NZD USD to hell and back Simple trade setup - Market has found support at a supply zone (0.6818) and has retraced to its daily resistance level
This is a great opportunity to re-short this pair. I will be looking to scale back the position at the same supply zone as before.
Fundamentally this trade is support by a rate hike and the pending US tax reforms.
Thanks
NZDJPY 4HPotential trend reversal it looks like, price broke out of its original downtrend making lower lows & highs. Now breaking to the upside waiting for a 4 hour close & retest to 4 hour channel to go long
EURNZD 4HWatching for a break & close above previous resistance for potential buy opportunities, This pair has been moving sideways in a consolidation period looking for its next impulse
NZDJPY DAILYPrice reaching the shorting zone, now getting ready to make a lower low to continue its downtrend..
EURNZD 4HBuy now or wait for a 4 hour close above the 38.2 fib, stops after a clean break of the uptrend line.. Price should continue its uptrend ..
EURNZD 4HThe bulls continue to march, now price has broke its high base resistance many people thought it was a triple top & got stopped out. I waited to see how price would react to this zone once reaching it again & surely it broke though. The uptrend continues !
AUDNZD 4HChannel broken to the upside after weak NZD news expectations, price now looks ready to head to the next level of daily resistance..
NZDJPY DAILYWatching for a potential lower high / retracement to come before heading lower or break of support.
EURNZD 2HPrice closed above a weekly key level on the weekly, so I believe the rise will continue until the next level of resistance ..
