Yemi_Fx1 | Short for NZDUSDPrice is currently moving in an ascending channel. Looking forward for this pattern to hold.
I'll be considering
A Risk entry type at the top of the structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Nzdusdsho
NZD under pressure once again (monthly)The neckline to the double top pattern at 0.74 has once again come out on the winning side, the confluence of the daily up sloping channel and a descending one. The formation of a daily shooting star adds proximity to a hurdle.
With the weekly RSI closing in on resistance, upside is likely to remain capped.
In the short term a correction towards 0.7060 of the recent rebound is likely
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.
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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!
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!