NZDCHF a possibility for short positions

NZDCHF forex D1 | Our expectations: Forming a 9 by DeM Sequential in a zone of diagonal and horizontal resistances allows us to look for short positions with Sl 0.6920. Two equal ticks up and a Japanese candle signal Pincers increase the probability of success in short positions. DeM (14) in an overbought market area […]

Weak economic data Asian session! Here’s where to look for profits

During the Asian Stock Exchange session, important economic news will be missing, which will push markets significantly, suggesting low volatility and good prerequisites for intranight trade. Given the mood of the market and the strength of USD during the US and European session today, I expect NZD/USD to provide the best prerequisite for positioning with […]

Westpac: Expect NZD/USD below 0.6400

In the mid-term, we remain a bearish one, expecting a test at 0.6400 at the end of 2018. We believe that the USD will continue to rise, given the direction the Fed made late last night. In addition, the likelihood of the differential between yields between US and New Zealand government securities to rise remains […]

NZD/JPY – Opportunity for Short Positioning with Trend

NZD/JPY – Daily Our expectations: Long-term downward trend and price after correction to main resistance zone. SL: 75,995. Alternative Scenario: If the price moves above the resistance zone, the negative scenario will be spoiled and more likely to see a rise in the pair’s price. Commentary: The price has reached a zone of resistance after […]

NZD/JPY – Short opportunity during Asia trade session

NZD/JPY – Daily Our expectations: Long-term downward trend and price correction to key resistance, giving the opportunity to Sell with stop at 76.15. Alternative Scenario: If the price goes above the resistance zone and is able to hold on to it, the negative scenario will break and we are more likely to see a kiwi […]

The Winning Strategy during Asian Session – NZD/USD and NZD/CAD – Short

Later today, at 04:00, we expect China data on industrial production, retail sales and unemployment. Investors will focus their attention mainly on industrial production and retail sales. It is expected to remain at 6.0%, and given the long-term trend you can follow on the chart below, I do not expect surprises in the upward direction. […]

NZD/USD – Good levels for short-term Short Trade

NZD/USD – H4 Our expectations – The recent upward momentum of USD has contributed to the return of the price back to the downward channel and the current Price Action clearly shows who is in charge. In the last 12 hours, the price managed to break the short-term upward channel and go back to the […]

NZD/USD : Serious arguments for long position

The price is find a strong support. Probably fake brakeout under 0.6687, the price reterned to these level again. Fibonacci corection from %61.8 – seriously levels of support. Suitable levels for logn positions with STOP LOSS at 0.6625. Divergance: Lower low in the price but higer high of the indicator. It show that the price […]

AUDNZD Opportunity for good profits with minimal risk

Our expectations: Medium-term downward movement with correction to resistance levels. Good positioning levels with SL: 1.1010 Comment: On a monthly chart, the price is pierced, tested and repulsed by a highly diagonal level that puts the long-term downward trend under test. Currently, the price is in consolidation, which is clearly expressed on a weekly schedule. […]

NZD/USD – Key support levels, suitable for long term positions

NZD/USD – Weekly Our expectations – The price is in broad consolidation between the area around 0.6800 and 0.77470. Current levels provide a good opportunity for traders traded in consolidation to take long positions, expecting more US dollar correction than kiwi. In the last 7 weeks, traders are more likely to buy than to sell. […]