Looking through to next week, if price pushes up to the 6850 area ill be looking to short the market I have shown 3 potential targets based on your risk appetite Option 2 & 3 would be dynamic targets where as option 1 is a static target and a re-test of the lows GOOD LUCK TRADERS
GOOD DAY SUNDAY TRADERS! From the desk of The Trading Regime, we have discovered an opportunity for NZDCHF. Here are some simple reasons for taking a trade to the downside on this pair: Weekly Bearish price action candlestick with closure to the bear side Break in Daily Structure Daily Bearish Engulfing candle Potential correction in CHF currency this...
After we now have finished an equal lenght upmove pair we are right in the zone that looks interesting when you look left (i dont like to call that resistance or anything like that...). We are at a decending trendline as well. Look for the orgin of the downmove to determine where your stopploss must go. Dont trade more than 1% risk. Learn how to calculate lot...
dollar is very bullish, technical analysis has double rejection of the downtrend resistance. im going to sell
NzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade
i short Nzdusd because: he is overbought he outperform and all currencies even the Cad who is the most strong after he is touch many time the down T-line since 27july high and no pass he is supported by commodities so i try a small short for 50 pips 2 x 1lot will cut 1 lot at +15-20 pips and make the second lot with SL at +5-10 pips for secure gain and be safe
short eh kiwi dollar he is just under ma50 weekly and is big resisantance to pass even he was supported by a weakness dollars but more by copper he need a consolidation from my view Aslo dollars should rebond today or the new years 2 january this selloff has no sense short at 0.7120 target 0.7050 gain 70 pips Stop los 0.7154 loss 34
First target was already reached on this nice short on the Kiwi, I'm holding half of my position hoping to get past the 0.7240 area.
Believe NFP will cause the NZDUSD to fall to support level 0.6921 area. Could break lower by next week.
Fundamentally: increasing monetary policy divergence between the Fed and RBNZ. Technically: the Kiwi has broken its 2016 uptrend, and is retesting the underside of the 2016 trendline. Fair value is around 0.65 given the current economic outlook for NZ and USA.
NZDUSD touched a 14-month high yesterday at 0.7344. However, I believe it is overpriced, because: Fundamentally: the RBNZ are in a easing cycle, and cut rates at their last meeting. However, RBNZ struggled to devalue the NZD with their rate cut. Thus, I believe they will take a different approach in the coming months to devalue the NZD - perhaps in the way...
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I...