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Nzdbulls

NZD/CAD Long positionWe expect this to be the trade of the week as well as GBP/NZD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and bring forth they rate hike projections. We expect the CAD to be pressured as the oil prices are expected to drop by the intervention of the US and the OPEC. Technically we are looking at the pair to complete wave 3 in the minor degree.
Long
by MlungisiMpapane
NZDCHF LongAssuming S&P continues to rally from time to time and stays above 2700 (instead of plunging down again to 2500 level), still safe to be bearish on CHF and JPY. Riding the bullish momentum of NZD again driven by its strong economic data, and buying this pair again with TP near 0.69462 weekly resistance (up to 0.70 psychological resistance), and SL/trailing SL near 0.68 (38.2 fib level). www.interest.co.nz S&P 500: Daily: Weekly: Confidence: B (already a little oversold in the daily chart so possible it might consolidate between 0.67-0.68 before continuing up to 0.70 if not this week then later this month)
Long
by aiza_belle
(Sell) GBPNZD Technical Analysis for May 3, 2018Hello Traders, It’s no doubt that the GBP has been on the upper edge for the better part of last year. Well, in my view, it might continue with its trajectory especially if there is an interest rate hike in the future. However, when we take a purely technical view, we expect GBP to lose ground and correct in the coming days. A top down approach can provide a proper mirror for my forecast. Note that we already have a stochastic sell signal from the overbought territory complete with bear pin bars following periods of consolidations in the weekly chart. Besides, this week has been purely bearish and we can see that long upper wick showing that indeed sellers are in charge. If it remains this way then we expect sellers to break below that support trend line in the weekly chart as NZD bulls aim to test 2018 lows at around 1.86. In the 4HR chart, sellers are currently testing the main support trend line and after periods of lower lows, the GBP might recover or as well break below that support line. Because the higher time frame takes precedence, it’s likely that sellers might lead the charge and in that case, we shall be waiting for that break below to happen before committing to this trade. As such, my GBPNZD Trade plan will be as follows: Sell Stop: 1.92 Stop Loss: 1.94 Take Profit: 1.86 Let me know what you think. Have a good trading day!!
Short
by Kipyegonn
NZDCAD BULLS-BUY-November 7 2017Hey guys, Technically, I expect the NZD to chart its way up. Keeping it simple, momentum indicators show that prices are overextended to the downside and after a 10% gain against the Kiwi, CAD should cede some ground. In the weekly chart we can see that price action bullish divergence relative to stochastics. With higher highs relative to lower BB and a buy signal to shore NZD bulls, a buy stop in lower time frame should be a way forward. To do that, we shall enter our trade in the daily chart. The main resistance trend line connects July 28 and October 16 highs. For bullish scenario, I will set a buy stop at 0.893 which is November 1 highs. Notice that there is a double bottom at 0.88 and should our trigger at 0.893 broken then price action shows that the next stop of the resulting W-Formation will be at 0.94 to the upside. That will be our ideal bull take profit. Trading will be as follows: Buy Stop: 0.893 Stop Loss: 0.88 Take Profit: 0.92-0.94 range Have a good trading day. Let me know what your think. More at: forex.today
Long
by Kipyegonn
EURNZD Technical Analysis-Short November 6, 2017Hello Traders, Technically, I expect the Kiwi to strengthen going forward. In the weekly and the daily chart, it is hard to ignore the sell signal with a bear divergence pattern in play. Also note that this week’s candlestick could be a confirmation of an Evening Star pattern at the shoulders of a Head and Shoulders pattern. Week ending October 23 ended as an inverted hammer so that is good for bears especially after last week’s bear confirmation. Secondly, the daily chart is testing the 20 period MA and the probability of breaking below the support trend line is high given the bear momentum in the daily chart. I will trade as follows: Sell: 1.68 Stop Loss: 1.70 Take Profit: 1.58 Have a good trading day. For similar content, hit the like button and forex.today for more analysis
Short
by Kipyegonn
NZD Bull charge-AUDNZD analysis-01.11.2017Hey guys, Time for some NZD bulls in this currency pair. Technically, in the daily chart, it is clear that a break out trade is in play. First, notice that support trend line break out on 15.09.2017, after that price corrected higher as a stochastic buy signal was printed after 02.10.2017. Between 19.10.2017 and 25.10.2017, there was congestion and a consolidation in the lower time frame which retested the support now resistance trend line at around 1.13. From there on-wards, check out that trickle down and a respect of minor resistance trend line at 1.12. Yesterday, price action closed as an inverted doji and made lower lows relative to the upper BB. Furthermore, notice that bearish divergence between price action and stochastics. It is now time to sell and I will trade as follows: Sell: 1.11 Stop Loss: 1.125 Take Profit: 1.05-1.08 Let me know what you think. There is so much to learn from our traders and analysts at Forex.Today. In fact we got awesome stuff right there. visit us today and learn more-https://tinyurl.com/AUDNZDAnalysis
by Kipyegonn