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NZD

Weekly analysis: another opportunity To Sell in NZDUSDNew trading suggestion: *The price is in a downtrend and we forecast the downtrend would continue. *There is still a possibility of temporary retracement to suggested resistance line(0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes to "Resistance line" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Midterm forecast: 0.6820 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in the daily chart at 0.6920 on 06/25/2018, so more losses to support(s) 0.6620, 0.6430, 0.6245 and more depths is expected. . Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. . Relative strength index (RSI) is 30. Trade Setup: We opened 13 SELL trade(s) @ 0.7351 (day close price) based on 'Two-day reversal candle ( Shooting Star )' at 2018.04.13 Total Profit: 5635 pip Closed trade(s): 1561 pip Profit Open trade(s): 4074 pip Profit Closed Profit: TP1 @ 0.7305 touched at 2018.04.18 with 46 pip Profit. TP2 @ 0.7240 touched at 2018.04.20 with 111 pip Profit. TP3 @ 0.7175 touched at 2018.04.23 with 176 pip Profit. TP4 @ 0.7055 touched at 2018.04.27 with 296 pip Profit. TP5 @ 0.6950 touched at 2018.05.09 with 401 pip Profit. TP6 @ 0.6820 touched at 2018.06.27 with 531 pip Profit. 46 + 111 + 176 + 296 + 401 + 531 = 1561 pip Open Profit: Profit for one trade is 0.7351(open price) - 0.6769(current price) = 582 pip 7 trade(s) still open, therefore total profit for open trade(s) is 582 x 7 = 4074 pip Open Profit: TP7= @0.6620 TP8= @0.6430 TP9= @0.6245 TP10= @0.5930 TP11= @0.5485 TP12= @0.4900 TP13= Free
Short
by ForecastCity
Another trading opportunity to sell in NZDCAD.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend. Technical analysis: While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 0.8785 on 05/17/2018, so more gains maximum to Trend Hunter Sell Zone (0.9110 to 0.9170) is expected. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 56. Trading suggestion: There is a possibility of temporary retracement to suggested Sell Zone (0.9110 to 0.9170). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.9110) Ending of entry zone (0.9170) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @0.9000 TP2= @ 0.8930 TP3= @ 0.8860 TP4= @ 0.8785 TP5= @ 0.8640 TP6= Free
Short
by ForecastCity
[New Chart]: There is a new opportunity to sell in GBPNZD...Midterm forecast: While the price is below the resistance 1.9965, beginning of downtrend is expected. We make sure when the support at 1.9350 breaks. If the resistance at 1.9965 is broken, the short-term forecast -beginning of downtrend- will be invalid. Price may also reach 1.9350, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies. Technical analysis: A peak is formed in daily chart at 1.9755 on 04/26/2018, so more losses to support(s) 1.9350, 1.9210, 1.9095 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index ( RSI ) is 51. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.9640 to 1.9835), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.9640) Ending of entry zone (1.9835) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.9350 TP2= @ 1.9210 TP3= @ 1.9095 TP4= @ 1.8930 TP5= @ 1.8785 TP6= @ 1.8640 TP7= @ 1.8270 TP8= @ 1.7900 TP9= @ 1.7440 TP10= @ 1.6705 TP11= Free
Short
by ForecastCity
A New Trading Opportunity To Sell. TP4 hit.....New trading suggestion: *The price is in a down trend and we forecast the down trend would continue. *There is still possibility of temporary retracement to suggested resistance line(0.71750), if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 13 SELL trade(s) @ 0.7351 (day close price) based on 'Two-day reversal candle ( Shooting Star )' at 2018.04.13 Closed Profit: TP1= @0.7305 TP2= @0.7240 TP3= @0.7175 TP4= @0.7055 Open Profit: TP5= @0.6950 TP6= @0.6820 TP7= @0.6620 TP8= @0.6430 TP9= @0.6245 TP10= @0.5930 TP11= @0.5485 TP12= @0.4900 TP13= Free Midterm forecast: While the price is below the resistance 0.7560, resumption of downtrend is expected. Price may also reach 0.7175, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. Technical analysis: A peak is formed in daily chart at 0.7395 on 04/13/2018, so more losses to support(s) 0.7175, 0.7055, 0.6950 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index ( RSI ) is 28.
Short
by ForecastCity
NZDCAD ELLIOT WAVE study...NZDCAD ELLIOT WAVE STUDY KEEP WATCH TAKE MUCH PROFIT Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Long
by sakthideva
[the crossroads] Bearlish bat in GBP/NZD or triangle breakoutFrom the chart, the price is now at the crossroads, it's also a prefect example for technical analysis . It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA. There is also a decline trend line above the PRZ zone But if you add up the uptrend line and you will see a triangle, the price also runs about 2/3 of the triangle, and the possibility of an upward breakthrough is increased. The RSI index diverts again I will continue to observe it. If I tarde on the wrong direction and fail, I will seekthe opportunities that I have made in GBP/JPY 0.20% ()
Short
by yitiancai
Prediction on NZD USD Movement on the hourly ChartsThe FX_IDC:NZDUSD chart has formed 2 bullish cypher patterns on the hourly chart. The first purple bullish cypher has been completed where the D leg of the pattern was at a horizontal support line and the price action is moving towards the targets for that at 0.7258 post which the price action should reverse and come down to complete the CD leg of the Yellow cypher. The yellow Cypher will stay valid as long as the price does not go above the C leg before coming down to complete the D leg. Entry for the yellow cypher will be at 0.72074 Target will be 0.72491 Stop at 0.71711
Long
by SaleemJunedLala