Newzealand
NZDUSD GREAT SELL TRADE IS COMING SOONER OR LATERIs it going to turn at 7125? 7150? 7240? 7260? 7300? 7400? Its also possible that it doesn't turn and it simply breaks the 7480 high.
Nobody knows and i dont like to play guessing games, and thats why i prefer to wait for a topping pattern, and for the break of the red shortterm uptrend line before initiating a sell position.
Patience is a virtue, and it makes you money.
NewZealand Kiwi - January 2017 NZD is a currency that I do not want to long right now. It is now approaching its strength resistance from 2013. There is a small room for strength. I would prefer Australian Dollar though. So in case we want to be bullish Euro, Pound, or US Dollar, the Kiwi can be the currency to short with.
NZD can still appreciate further towards the red bar before any momentum stalling would occur. This is a watch out for NZD bulls.
NZD/USD, DAY CHART, SHORT (2-JAN-2017)Note:
Congratulations to those who follows our winning trades
on this pair last few weeks.
Again, the price having correction as per our prediction previously.
Now, we have 2 trading plans for this:
1. The price pullback to both the resistance zone and
20-EMA, followed by a bearish signal. A good signal to
short with right risk amount.
But caution on the 1st opening week on forex market
behaviours.
2. When the price breaks the immediate support line,
we can look for opportunity to short again.
MAs Crossing, Could USDNZD go down in the short term?Trade based only on MAs: 150 and 200MA crossing. Worth attempting short here.
Let's see if only MAs themselves are a good trade strategy indicators
(Well, we also have good resistance tested on 23rd Dec)
Good luck
HUGE EURNZD BULL MOVE COMINGAfter an impulsive 5 wave move higher, we have been for more than a year in a corrective pattern.
This falling wedge pattern is in my opionio coming to an end.
Several hints are showing an exhaustion around the 1.50 handle. Including the 78 fibo retracement level, and a big monthly trendline acting as support.
I think in the coming weeks, months there might be a huge move higher coming.
Patience is key and play it wisely with decent money and risk management.
GBP/NZD SHORT Price printed a spinning top on yesterdays daily close suggesting the bulls have run out of steam. If price moves to my entry it could mean the bears are back in play for a short move below.
NZD/USD, SHORT, DAY CHART (24-DEC-2016)Note: Congratulation to those who follow our winning
trade last week.
Overall, we are bearish on this pair due to both H&S
pattern and the trend following.
We have 3 Trading Plans for this trade now:
1. Wait the price correction back to resistance zone,
followed by bearish signal to short. Short with right risk
amount.
2. Watch the immediate support line at 0.683 level,
pullback high likely happen here. Wait for bearish
signal to short after breaking this support line.
3. Short now with little risk amount.
AUD/NZD, SHORT, DAY CHART (24-DEC-2016)Note: AUD/NZD follows what we predicted last week
and previously.
Overall, we are bearish on this pair.
Here are 2 Trading Plans for this trade:
1. Wait for pullback to the upper line of this
downward channel, followed by bearish signal
to short with right risk amount.
2. Zoom into H4 or H1 chart and look for pullback
to 20 EMA and short with right risk amount.
AUD/NZD, DAY CHART, SHORT (18-DEC-2016)Note: AUD/NZD follows what we predicted early
and congratulation to those who follow our previous
earning trade.
Overall, AUD/NZD still in bearish mood.
We need to wait the price move up to the upper
of the downward channel.
After that, wait for 1 strong bearish signal or 2-3
bearish signal to short!
NZD/USD, DAY CHART, SHORT (18-DEC-2016)Note: NZD/USD follows our analysis last week.
Congratulations to those who short this trade as per our analysis.
Overall, we remain bearish on this pair because of the potential "Extended Head & Shoulder" setup appeared.
Now, we have 2 trading plans for this pair:
1. Wait some little pullback to the support line at 0.698x level and bearish signal to short with right risk amount
2. Zoom into H4 or H1 chart to look for pullback to 20-EMA and bearish signal to short with little risk.
Overall, it is a high risk to reward trade!
Ascending Channel on NZD/USD @ W1This ascending channel on the weekly chart of NZD/USD presents an opportunity for a short breakout trade. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
NZD/USD, DAY CHART, SHORT (11-DEC-2016)Note:
-Recently, NZD/USD breaks the upward Trendline
-Besides, there is a formation of Lower High-
Lower Low-Lower High formation.
There are 2 ways to trade this pair:
1. Currently the price goes up and touched the
upward Trendline and followed by a bearish bar.
It might be a signal to short with high R/R of 1:2.
Can enter this trade but only small risk recommended.
2. Wait the price to move higher to touch the
upper downward Trendline and another bearish
bar to short.
This trade can trade with right risk and lot size
Caution on the FED FOMC Meeting on Thursday, a great volatility is expected!
GBP/NZD, H4 CHART, M240 CHART, LONG (11-DEC-2016)Note:
Potential Trading in the Range
In H4 chart, it is quite bearish recently and
GBP/NZD move up and touched the 20-EMA.
We see a possibility that the price might drop
further to the support zone.
If this scenario happen, we will wait another
bullish signal around support zone to call for a BUY :)
Caution: BOE's official bank rate on Thursday which might change the direction of this trade :)
NZDJPY Reached Important Level, ShortSimilar to CADJPY, NZDJPY reached resistance level. This level coincides with Fibonacci level which determines the likely end points of retracements. As you can see, since mid-2015 NJ has been in a downward trend and recent increase represents the retracement which is likely to be over (reached resistance and 50% Fib level).
As argued in previous post for CADJPY, a weak yen is actually over-valued and is hurting the economy through investment outflow channel.
RSI and MACD also suggest end of retracement. Good short. If trend and Fib level broken, traders could see potential for long on that pair (not likely imo due to reasons listed above). Good luck!
C'mon LONG Little Doggies... er KiwisNZDUSD has been ranging since June so here is a time when the SuperTrend has flipped as we have bounced off the bottom range channel and crossed the 50 SMA.
This isn't catching the bottom style of trading but I sure am looking to get a big chunk of that middle!
Retest Before Continuing DownwardRetest of 38.2 level (confluence with trend line) before continuing downward.
Thoughts?
NZDCAD increase till end of 2016Year and a half old support line
'Curve' structure from June 2013 never been violated yet
Daily close above 0.7 Fib Level (start from June 2013)
RSI and MACD bullish
New Zealand economy healthy as main macro indicators show!
Canadian dollar might struggle given uncertainty around OIL prices (OIL broke important support last week)
EURNZD BUY OPPORTUNITYEURNZD LONG:
Previous structure broken only once for the past 6+ years, we're currently at a very important level;
See blue and green lines
+ Fibonacci 0.2 Level
NZD/CAD: attention to the interest rateIn 30 minutes we will have the statement of the Interest rate for the New Zealand.
NZD / CAD strong shows indecisiveness on the dynamic resistance, going to create a range market in the area 0.97800 / 0.98500.
The return below the dynamic resistance could be a false signal.
Suggested to wait until the release of this important data before working in the market.
