Nzdusddaily
so glad we did this!!Morning guys,
Weekend is almost over and I will be enjoying the last few hours before the markets opens and another action packed week begins.
Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come.
have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new year.
Likes and comments always appreciated!
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.
NZDUSD Bearish signal confirmation on weeklyMorning Traders,
The recent upward spike was quickly and decisively reversed, once again providing strong evidence of N.U's inability to maintain rallies above .730
Targets 0.66650/0.6700
Best of luck and congratulations to our premium members who have made the most of recent fx volatility.
Thanks and thumbs up if you found this helpful!
NZDUSD Vulnerability! Evening guys,
Recent rallies have been quickly sold implying NZD cannot remain at these higher levels against the dollar. November confirmed the negative momentum and after yesterdays rate further enhancing the negative outlook for weeks to come.
I have attached the previous nzdusd chart for comparison purposes, all the best with this position into the new year.
Likes and comments always appreciated!
NZDUSD Magic-T Says ConsolidationA quick draw up of the most obvious Magic-T's, it's clear that NZDUSD it heading towards a consolidation. Notice the high volume, starting 2016-11-08, now been sinking for a while. Building up cash to the next event starting soon at current price. I'm leaning towards a short, depending on the fed news tomorrow, (whether we get a rate rike or not). For me it looks like it's losing steam, and will be consolidating around 0.72238 and reverse.
Trend continuation setup on NZDUSDHi guys,
after the Trump's election we've had big uncertain moves. Of course in that situation you, as a structure trader, don't want to be involved. Now price is slowly calming down and so we can redo our analysis and we can end this week of trading, hopefully with some pips.
This setup is on the daily chart and it is a trend continuation setup: this means that we are recently broke the resistance to the high, giving us reasons to believe the trend is upward.
The first zone we have to keep an eye on is the previous resistance that could act a support, then we're waiting into the bottom of the last impulsive move.
In this two zones we're going to search for some lower timeframes opportunities in order to get long.
Hope this helps.
Don't hesitate to ask if you need to.
Good luck!
Daily analysis NZDUSD: lots of confluenceHi guys,
today i want to share with you some of my analysis on NZDUSD. In order to have a complete vision we have to go on higher timeframes (for me the daily).
In this particular case we have a lot of different strategies that are pointing at the same level. As you can read in the chart we have fibs, harmonic moves, harmonic pattern, and most important, STRUCTURE.
I want you to understand that the whole process start from structure and from what price gives us as an indication of where it is likely to find some resistance.
Now that we have found our potential killzone it's time to search for opportunities in lower timeframes such as the hourly and the 4hr.
I'll let you know if i'm entering the market.
Hope you all had a great weekend.
Good trade!
kiwi/$ shorts pending after current longstraders, i hope you are all ready for this week of firework - i will be continuing to look at carry trades as we expect some reallocation to the kiwi as investors re-consider the RNBZ outlook. Moreover while futures point toward further upside in this weeks milk auction
as many of you have seen my related idea which will be the long up til .75x levels (see attached) - all eyes on the fed this week!
best of luck and remember to like and comment your ideas they keep my humbled!