NZD/USD - Longs now in play!Taking a long position on this pair based on the following reasons:
- Break and retest of key 0.70 level
- 0.5 fib level held strong
- Double bottom
Let's see how this turns out!
Newzealand
EURNZD breakout levels based on manual S/R drawingEURNZD breakout levels based on manual S/R drawing,
I consider 2nd breakout as possible entry for me. I welcome your comments and thoughts about this!
Learn Forex from a PRO Mentor every day:
www.IMLFX.club
NZDUSD: Big Short ComingA daily TF bearish Wolfe Wave is nearing completion on the NZD. At the same level, a bearish butterfly pattern is complete. This is also occurring near the important .618 Fib on the weekly TF. Keep an eye on this one.
Happy Trading!!
NZD/USD - Potential shortI have entered a short position based on the following reasons:
- Break and retest of strong trendline
- MA's have crossed over since the break
- Daily candle looks to be closing on a doji and has failed to break above 0.68 level (This is also the level for 0.382 fib.
Caution: NFP is released tomorrow so this trade could see huge spikes in either direction.
Trade smart
EUR/NZD - Interesting Setup on the roadIt will be great trade , it's early however. We are currently trading below Monthly Resistance and above Weekly Support. Price is between two very important levels , price can go up sharply , down as well. I will stay out for now and Will watch this currency pair with caution. My idea is , If we see Weekly Close above Monthly Resistance (1,64500) , we can see further bullishness to Monthly Resistance. However we need Better than expected Fundamentals from Eurozone to support our views. It will be great trade , 1000 pips. 1.65000 - 1.75000
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.
$NZDCAD Wolfe Wave Completion at 5', Geo Off-Set Rule Target$NZDCAD created a bullish Wolfe Wave in the 4hr time frame. The structure completed at 5' so we are looking at the Off-Set rule at point 4 as a target.
Happy Trading.
AUDNZD symmetrical triangle with 5 hitsSymmetrical triangle has been forming on the AUDNZD pair for 3 months now.
5 strong hit points .
Look for a break to the upside at hit point 6 or a break to the downside at hit point 7 after hit 6.
Profit targets are clearly indicated by green lines and are based on previous structure. The top profit target is unlikely but very hopeful if we get a break to the upside.
Why AUDNZD Could Surge 400 Pips From HereAUDNZD – Aussie/Kiwi could continue to push higher
The AUDNZD has shown strength recently as we can see in the charts below. You will notice first on the monthly chart that an inside pin bar buy signal has formed from 1.0500 support following several months of consolidation. If bulls remain in control, we could see price continue to break higher from this setup and test 1.1085 resistance and potentially move up to 1.1200 – 1.1300 key resistance zone.
NZDUSD looking very bearishBearish PA:
Tweezers at Desc. TL Rejection
also CTL retest
Tweezers also occurred at a daily 61.8% fib bounce level
Pair has been in down trend for some time and after a short burst up formed
a double top and has started putting in lower lows and lower high's.
GBPNZD two Scenarios and both are pointing higherThe pair has finished an ABC correction and now heading up and we have two scenarios, the first: we are in a wave x upward which is a 5-3-5 corrective wave in the main trend direction (up). The second Scenario, we are going to continue in an impulsive fashion upward to new highs. With NZDUSD breaking a trend line to the downside, it is most probably we are going to see weakness in kiwi.
In addition, The British Pound has reached an extreme oversold point and we are going to see it rebounding a little bit so if you want to be long the pound it is better done against the weakest currency and we think it is the NZD for the coming few days/ couple of weeks.
Happy trading :)
BEAUTIFUL OPPORUNITY IN NZDCADEven if your entry is at market the risk/reward opportunity is fantastic. Ideally, we want it to test ~.9550 and take a low risk entry short position there. I think there is something brewing in the Canadian dollar, not just this particular cross..
GOLD HAS REACHED KEY MONTHLY RESISTANCEGold's Behaviour May Signify An Upcoming Reversal For AUD/& NZD Pairs
Potential Sell Setup Shown For NZDJPY, Awaiting For More Confluences To Line Up (Especially If Gold Indicates More It Does Not Wish To Trade Above Key Monthly Resistance)
Gold Outlook On Potential Reversal
NZD/USD: SHORT thisConfluences:
1/ with the trend
2/ bounce of the upper channelline
3/ 0.6625 as resistance level
4/ Fibonacci 61.8% bounce
5/ MACD bullish divergence
Additional:
* H&S - pattern on 4H/1H
* Weekly high test
* Fundamentals are in our favour
AUDNZD short tradeThis is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :)
another "conservative"short entry could be entered after the price breaks the lowest point of wave D (1.1037) with SL @ the highest point of wave E (1.1089).
Technicals:
Wave E now is perfectly equal to 0.618 wave C.
Wave C is perfectly equal to 0.618 wave A.
Risk-reward ratio (2.4:1)
AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
NZDUSD 4 HOUR CHARTThe Reserve Bank of New Zealand is expected to hold rates. With the Kiwi being resilient of late, Graem Wheeler is likely going to jawbone about it being overvalued, which should give it at least some short-term drag, especially against the USD. In terms of monetary policy, the press conference might reveal whether or not a rate cut is still on the table, and if it is, the NZD will have even more bearish pressure.
