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Kiwi

KIWI Likely to Test 0.62500 level After Support Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
1
Kiwi to Fight Back? - NZD/USD Ichimoku Long Trade SetupThe kiwi has started to fight back a little here and is now attempted a kumo breakout. We are in the middle of a drawback to re-test our trend support at the kumo and tenkan sen. I am looking for support to hold for a chance to get long as we attempt to rise up and challenge previous price structure resistance. I've drawn out several partial take profit levels we can aim for along the way to our final price structure target. If we fail to hold support then this setup may become invalidated.
Long
by The808Trader
ORBEX: EURNZD - Will This Correction Increase Long Bets?It looks like the corrective minuette wave ii completed or it's going to complete its bearish course near 1.7156/1.7300. The recent attempt to push prices down brought the pair lower where a subminute ,otive wave can be expected. This would add to validation components that could have minuette iii completed. SHould that effectuates, participants could look at the completion of minute iii, and perhaps minor 3. As part of the correction, we can also expect a more complex decline. However, so far market structures hint to a simple corrective formation. The current decline could go down to 1.70 without getting invalidated. This would form a complex flat pattern with the minute ii being shifted. The short-term opportunity would be invalidated below1.7156 with short-term signs of failure appearing below 1.73 (unless if this turns to the upside any moment) Can also expect a double bottom at minuette ii Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
EURNZD - Short from a monthly swing perspectiveEURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade. We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip stop loss. First target will be at 120 pips and we will look to add positions down to the 1.70500 region if we get decent entries. Sell: 1.74600 Stop Loss: 1.75200 First Target: 1.73400 Trade safe! Cheers, Paul.
Short
by Mase_00_7
Navigating the Market : NZDGD 27/9This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore. I do see scalping opportunities (in 15 min or 5 min chart) for a Long trade if there is a stop hunt tapping under the London low and short trade if there is a stop hunt tapping at the NY-only session high. I am not a scalper so don't listen to me. However, I will short this pair if the latter happens. Due to negative swaps, I won't be holding this trade overnight, I'll take what I get and find a solution to continue the trade next week.
Short
by sufiansaid