NZDUSDITS A SHORT TRADE BUT LETS SEE HOW IT GOES. AFTER IT HIT OUR TARGET WE MIGHT SEE A STRONG BEARISH MOVEMENT TOWARDS MY EXTENDED FIBONACCI AREA..
Nzdusddaily
NZDUSD once again testing major resistance, remain bearishSell below 0.6853. Stop loss at 0.6887. Take profit at 0.6781.
Reason for the trading strategy (technically):
Price has risen and is now testing major resistance at 0.6853 (Multiple Fibonacci retracement, overlap resistance, multiple Fibonacci extensions) and we expect to see a strong reaction off this level to push price down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 89% where we expect a corresponding reaction from.
Case for a short on NZDUSD for todayAt this point we have a few things going on which makes the case for a short position at this point.
1. Trendline bounce
2. Resistance
3. ABCD pattern compltion
4. 200 EMA Bounce
Happy porfits ))
NZDUSD dropping nicely, remain bearish for a further dropSell below 0.6834. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
We look to sell on strength below strong resistance at 0.6834 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.
NZDUSD look to sell on strengthSell below 0.6821. Stop loss at 0.6846. Take profit at 0.6781.
Reason for the trading strategy (technically):
Price has been dropping strongly. We look to sell on strength below strong resistance at 0.6821 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.6781 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees long term descending resistance holding price down really well.
NZDUSD Daily Long IdeaPending Long @ 0.7000
Stop Loss @ 0.6780
Target @ 0.7603
RR Ratio @ 2.74
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
NZDUSD : NEXT TO YOUHi traders,
This analysis is purely technical. A break down of the order block down below opens up a BIG BIG gap down. MACD on the monthly is about to cross. Also worth noting that on the monthly chart we retraced on the 0.5 FIB extension pretty perfectly.
Here's what I'm thinking :
NZDUSD SHORT
ENTRY : 0.6917
SL : 0.69952
TP : 0.66659
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
NZDUSD Medium TermMy last trade idea on NZDUSD for a target to 0.7007 is successful, current price action broke the multi-month bearish channel, i am still looking to short it for low risk entry around the 0.7010 with a stop at 0.70043, looking for a target around 0.6818.
NZDUSD Short To 0.685Our preference: short position below 0.6915 with targets at 0.6870 & 0.6850 in extension.
Alternative scenario: in excess of 0.6915, aim for a continuation of the increase with 0.6950 & 0.6970 in the line of fire.
Comment: as long as 0.6915 is resistance, trading range with a bearish bias.
NZDUSD: Keep an Eye on 0.6985 Next WeekIt isn’t clear whether or not the NZDUSD will make it as high as 0.6985 next week. If it does, I’ll be on the lookout for a favorable selling opportunity. If it doesn’t, I will wait for a daily close below 0.6820, unless an entry materializes on the 4-hour chart.
A daily close at 5 pm EST below the 0.6820 handle would target the May 2016 low at 0.6675. Alternatively, a daily close back above the 0.6985 resistance area would turn our attention higher. Until that time, I’ll remain bearish the NZDUSD.
Source: bit.ly
NZDUSD still making it’s reversal, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price is still hovering above our buying entry. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
NZDUSD bouncing perfectly, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
NZDUSD bouncing perfectly, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price has started to bounce perfectly off our major support level as expected. We remain bullish looking to buy on dips above major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
NZDUSD testing major support, remain bullishBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price continues to test major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
NZDUSD on major support, time to start buying for a reversalBuy above 0.6821. Stop loss at 0.6720. Take profit at 0.7052.
Reason for the trading strategy (technically):
Price has dropped strongly and is now testing major support at 0.6821 (Fibonacci extension, horizontal swing low support) and we expect to see a nice bounce from this level to at least 0.7052 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 4.3% and it is starting to turn up signalling a reversal.
NZDUSD Breaks Key Support, Targets 0.6820The NZDUSD appears to have closed last week below this trend line that extends from the September 23, 2015 low.
As evidence that the 0.6990 area will begin to attract sellers, look no further than the 4-hour candle that closed today (Monday) at 5 am EST. The high was 0.6990 and is still holding as the session high as I write this post.
That said, I’m only interested in trading the NZDUSD on the daily time frame. And considering that the current price is still more than 100 pips from the 10 and 20 EMAs, I wouldn’t be surprised if we see some consolidation before the next leg lower.
Bearish price action from the 0.7000 area could present a favorable opportunity to get short. Key support comes in at the May low of 0.6820. Alternatively, a daily close (5 pm EST) back above the trend line near 0.7000 would negate the bearish outlook.
Source: bit.ly
NZDUSD Short TermBuy on dips for a target to 0.7037, stop below 0.6929. Please note that is a corrective move trade setup.
My medium term target for NZDUSD at 0.7007 was successful last week.
NZDUSD : SLIDEHey traders!
NZDUSD pulled off a classic retracement while pretending to run on fake bull legs! All other pairs seem to concur on this one. NZDUSD though is nicely placed and the RR is very nice... So I will be starting with this one
Here's what I'm thinking :
NZDUSD SHORT
ENTRY : 0.7187
SL : 0.72533
TP : 0.69908
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
NZDUSD testing major support, remain bullishBuy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245.
Reason for the trading strategy (technically):
Price has been testing our major support atc0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 0.9% where we expect to see a corresponding bounce from.
NZDUSD prepare to turn bullish on major supportBuy above 0.7146. Stop loss at 0.7093. Take profit at 0.7245.
Reason for the trading strategy (technically):
Price is approaching major support a t0.7146 (Fibonacci retracement, horizontal overlap support) and we expect to see a strong bounce off that level to push price to at least 0.7345 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,3,1) is seeing strong support above 0.9% where we expect to see a corresponding bounce from.
NZDUSD approaching major resistance, prepare to sellSell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7095 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% and we expect to see a strong reaction off that level which corresponds to the drop we’re expecting on price too.
