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Nzdshort

NZDUSD approaching resistance, potential drop!NZDUSD is approaching our first resistance at 0.6852 (100% Fibonacci extension , horizontal swing high resistance ) where we might see a drop in price to our first support at 0.6803(100% Fibonacci extension ,38.2% Fibonacci retracement, Horizontal pullbakc support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Klimex
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support at 0.6684 (horizontal swing low support, 100% Fibonacci extension, 50% & 38.2 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6748 (61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk.
Long
by Klimex
The opportunity to short NZDCAD The long term trend for this market is DOWNTREND As you can see the market has retest the Support/ Resistance area and as you can see as the price hit the resistance zone, there is an existence of the Seller aroun that area, Why i enter short at this market? 1) The long term trend is downtrend 2) The break of the Demand Trendline as you can see on the chart. 3) The SL is above the structure high 4) The exit is below at the major weekly support level
Short
by halimbashery235
NZD/USD possible medium term scenarioThis seems to be a possible future scenario at this point - given recent USD strength, a correcting NZX, and downward pressure on commodities. I would say this is 97% technical analysis with a tiny bit of fundamental analysis sprinkled in for colour. The last ending triangle at the bottom trendline broke upwards with conviction, I would expect this to do the same. It may reach the upper TL - if it falls short this would be a telling signal. Then possibly form another ABC that ends up breaking the lower TL. No specifics or targets in this analysis. I am publishing it to see how closely reality tracks the analysis that I did over about 10 minutes. Summary; short term long (if the triangle breaks upwards) and medium term short.
Long
by flyinkiwi10
1
NZDUSD Sell Opportunity NZDUSD just approached an interesting level where previously has stalled and reversed. Keep an eye for potential short opportunity, await confirmation with a solid downtrend candle, preferably on 4 hourly. *This is my personal analysis having watched the pair over the last few weeks. Breaking 0.74500 could see the pair continue to rally and reach 0.75600 and beyond (July 2017 High) *Risk Warning: Trading Forex involves significant risk and can result in the loss of some or all of your invested capital. You should not invest money than you cannot afford to lose and should ensure that you fully understand the risks involved before considering trading. Take into consideration your level of experience, investment objectives and if your not sure then seek professional advice.
Short
by AngelicaTrading
Do you want 1000 pips quicklyNZD long interest is at record highs. Many fundamental arguments for why NZD is overpriced - mainly NZD is biggest proponent of carry trade in G10. Recession risk is underpriced - NZD the loser in global recession which is long overdue and WILL occur at some point due to 'tightening' financial conditions - USD, JPY the beneficiaries here NZD longs have become the ' obvious ' trade especially vis-a-vis JPY. The obvious is obviously wrong. There is a 1000+ pips up for grabs here on the short side.
Short
by Exercise-Discipline
9
NZDCAD Double top, with double topsJust touching our bearish trend line, we have two double tops coming together to make a bigger double top. Trend line and the structure that we see here also coincide with historical support and resistance area, aswell as the round even number 0.9500 which price has yet failed to violate. Above could very well be reason enough to see a bearish rotation where I see multiple potential targets. Main targets are 0.9440 and 0.9400. Longer term target is 0.9300.
by timmynorin
4
NZDCAD Short setupA few clues here adding to this case: Price clearly respected; 0.382 fib Trend line Structure And it showed it respect by showing a double top (A) followed by a 2618 (X). To our protection we have structure zone + fib + trend line (Z), all combining. I entered my first position after double top. Second position after 2618 Its a bold target, but price gives clear signals of its path. My 1 enemy here is the bullish engulfing candle on the daily. But.. IF we want to find reasons NOT to enter, we will alwasy find it. We just have to weigh the odds against eachother. As my last post, Im not even worried about the monetary loss, its already gone in my mind (lifts the stress off ones shoulders). I'm more interested in following this! (NZDCAD have previously given clear signals, and then doing the exact opposite, will it continue?)
Short
by timmynorin