The NZDUSD pair has formed a nice, large bearish pin bar. The pin bar has a lot of positives going for it such as a very large upper wick, narrow body, and also the fact that it has closed below the upper trend line of the pennant that is currently forming. The negatives with this setup that I think weakens it a bit is the fact that price is still contained...
Above is my verbal take on where market is headed. Market is following a channel which can be observed on the Daily and 4HR view. Prices are consolidating within the published view, so expecting a big move within a week or two. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is...
VERY INTERESTING PRICE ACTION THAT SUGGEST A BIG SWING TO THE DOWNSIDE TO COMPLETE THE PATTERN
In this screencast, I show how shorting on a 2H time frame is optimal for me to take a controlled loss. I explain where I see the big trends and some smaller trends. Note that this is not a prediction, or recommendation to short. I use a very different methodology which is not 'just on the charts', though at times in simplifying things it may appear like a...
Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does...
Forming a bullish flag pattern, third retest of strong ascending trend line. Support zone on a 38% fib.
I explore what appears to be a head and shoulders pattern in GBPNZD on 2H time frame. No predictions, as usual. Some people are going long and others can go short.
In this video update, we take a look at NZDCAD and how this market could be the one to watch ahead of the RBNZ rate decision. The RBNZ is likely to push their plans to hike rates and with the data out of Canada improving we expect the CAD strength to come into play. A break of 0.8900 will likely see significant downside, look for 4hr swings for key trading opportunities.
Fundamental and Technical reasons why GBPNZD could continue long this week, let me know what you think !
Would of done this video with voiceover but have ze man flu & sound crokey as hell. WEEKLY back under & failing at major resistance levels. 4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.
I assess the probability as for the south on GBPNZD. How far south is another problem, for me at least, as me crystal ball broke a long time ago. :)
In this video, we look at a trend continuation trade on NZDCAD daily chart. Looking at the daily chart we can see a clear uptrend with price forming higher highs and higher lows. Price has now retraced to the previous structure highs and bullish moving averages. Yesterday's candle printed as a bullish inside candle which typically leads to a breakout.
Tune in for my detailed analysis around NZDJPY ! **Correction: GDP release is Wednesday, not Thursday, sorry about that**
NZDCAD been moving to the upside in a very strong pace. The pair reached major structure level and giving reversal signals. Watch the recording for all the details needed.
Well referenced political news is important. Sterling could see serious volatility next week if political pundits are correct about Theresa May being forced out of her premiership next week in relation to Brexit confusion. Rival MPs are already jostling for position as Wednesday is the big day. The uncertainties could send GBP pairs into high volatility...
I'm cautious with NZDCAD. I explain in the screencast.
In today's video update, we go through NZDCHF. This currency pair has been rising for a few weeks now and could correct back down into key support before continuing on its uptrend.