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Newzealand

Nzd/Usd Down or Up ? If you know what's going on , decide Hey Traders , I see H&S on H4 , Also i dont believe so much in patterns thats why we wait the confirmation . If candle close below 0.68375 its signal that the trend may reversal . On daily we see that the price fake out on the trend SMA 200 . If the price close above this level we may enter on bullish bias . We are waiting the price action to provide us the bias for the week ahead. If the confirmation comes out i will SHORT nzd/usd for the targets that i mention on the chart. Trade with care. Thanks for the reading . Feedback its important. Have a profitable week.
by UnknownUnicorn3549910
NZDUSD - SUPPLY & DEMAND ZONE ANALYSISHi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that should push price in my favour? (interest rates, business cycle, risk on/risk off) If all 3 are in your favour, take the trade, manage your risk and go for more than you've risked. Always remember this trade is only 1 trade in the next thousand you're going to take. Process over outcome!
Education
by leonrowe
NZD/USD Short - Bearish divergenceNZD/USD SELL, Sentimental: The support zone that I was following for higher-low support came into play early this week. Bulls came in and have remained in control ever since. Buying at this point does not seem prudent as the pair is now at fresh five-month-highs, and a pullback can be in order for bullish strategies. A prior target level around .6819 could be helpful for such an approach. This can be connected down to the swing-low around .6795 to create a support zone to follow. Technicals: Bearish divergence on the 4H time frame you can see that NZD/USD allready had some bearish divergence inbetween 22 october till the 26 of october. ( 90 pip swing trade) Fundamentals: Kiwi News forecasting some bearish econimic numbers. Dollar stronger than New zeeland but not strong enough.
Short
by DikotoMandengue
NZDJPY LONG OPPORTUNITYNZDJPY has found support at the key weekly level of 72.40. If you take a look at the weekly chart you can see the long term trendline resistance above. Looking at the 4hr timeframe we can see the market has bounced and could be setting up for as an inverse head and shoulders pattern which could show upside to come. Wait for the market to create a new higher low and form the right shoulder around the minor support of 72.80 before looking for the long.
Long
by BlueberryMarkets
2
NZX 50 INDEX BULL VS BEAR VIEWSHello, Very interesting developments right now in the NZX - it only recently seems to have recovered from the 2008 economic shock... and then this happens. Wave A was clearly defined and there are 5 sub-waves that are valid and meet all extensions / dimensions. Then things get a little complicated, Wave B seems to have taken the form of an expanding symmetrical triangle (its not a wedge, expanding or otherwise, as the upward waves seem to have 5 sub-waves - as opposed to a 3, 3, 3, 3, 3 count). Scenario 1: BEARISH. I don't see many symmetrical expanding triangles in the B position. If it is a B wave then there should be a 5 wave down-move that follows this present swing high to form wave C. This would mean a 16 to 20+% drop. If it drops below the red line, which marks my wave 1 top (the first and only plausible wave 1 top) and definitely discounts the possibility that wave 5 is yet to come (it must have already happened) - and to expect further correction. Scenario 2: BULLISH. 2a, This may be a little unorthodox. It may be that wave B happened and there is excess buying pressure that has flattened the 5 wave C move. This would result in quite a powerful upwards move shortly (no targets at this stage). 2b. Wave C is truncated and fails to break below the red line due to strong buying pressure / support. This would mean that wave 5 up into or over $160 is still in play. I tend to se more of a bearish view unfortunately. I for one will be interested to see how things play out - so many of the world's sharemarkets seem to be in a corrective phase. This is not a professional publication - just a guy in his free time. Happy trading, protect yourself and thanks for viewing my post. You may not believe in Elliot Wave, but luckli belief isn't required (although possibly a more skilled technician than myself) so let's see how it all plays out.
NShort
by flyinkiwi10