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Nzdusddaily

(NZDUSD) Daily - Speculation & Prediction 22/08Great opportunity to sell : 1) Bullish formation on DXY 2) RSI divergence on Daily time frame on NZDUSD 3) RSI Divergence on 4hr time frame on NZDUSD 4) Double top --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by OG-Tellz
NZDUSD-Short Position- For Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential Short position for at-least 600 Pips, It has a potential for 1500 or more pips, the minimum expectation is 600 Pips from this trade ! I am following this pair for quite a long time now and already made a good profit. I'm already in this trade and keep adding new short positions if it goes higher as I don't see any move which shows a good opportunity to buy. This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points. .TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in this trade from this point or 0.72565, you can still catch 500+ pips till TP1 is reached, however It may still go up keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a short position right away & manage your stop loss accordingly. ***New Zealand Employment Change QoQ will be released in 8 hrs from now followed with other events & high volatility is expected so it is recommended to wait and see the impact and then enter the trade. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity . Don't forget to like, If you like my analysis :)
Short
by Jaffery
2
Kiwi Support Shelf Break Could be SignificantNZDUSD is testing March 2011 levels (.7108). Sentiment positioning shows +3.88 as nearly 4x as many traders are already long the pair vs shorts. When used as a contrarian signal, that means we have a future supply of sellers who would need to close their long position should this move materially lower. This appears to have room to run as well should a breakdown materialize. Next level of significant support is down near .65 which corresponds to June 2010 lows. Wave relationships show up in the .61-.64 zone as well. Trade well!
Short
by JWagnerFXTrader
NZDUSD DAILY CYPHER i've been following this pair on the hourly time frame for some time now, and notice some inconsistencies occurring, so i went to the higher time frame and saw this setup. currently the price is trading at a strong support level(support because i'm viewing the overall structure bullish trend) so if price break past this level, i'm looking for a reversal at the 61.8% of my current structure. Patterns? patterns are just a face that represents something that is within the chart that is not usually identifiable by the average trader. I believe that a trader must learn how to identify what is within the chart first, before learning to identify a pattern. Patterns should be learnt after as an easy way of spotting what is within the chart that is actually saying there will be a reversal. What is inside the chart that one should be able to identify before a pattern? Ans: support and resistance that varies based on their strength.Using this cypher as example: An A leg can be formed by a support that's not so strong, however it is identified as the wave 3 (Elliott wave) that's a subwave within the wave 5 which went on to form the C leg of the pattern. The B leg is usually formed by a very strong support.. It is usually a Phi level which works more harmonic when the 61.8 is the retracement since this Phi correlates with the 1.27% extension (which is perfect for our C leg. math time now. If 61.8 correlates with 1.27, and 38.2 goes with 1.618, what does 50% correlates with? Ans: 1.272- .618 = .654, just as .654 + .50 = 1.154.(which is very close to our A-C which is 1.142). but lets not work with very close. lets calculate why it's 1.142 and not 1.154 we establish that the higher the retracement, the lower the extension, so therefore, our B leg is 0.516. .016 more than 50%. Next: .016 x .618 = .01. 1.154 -.01 =1.144 (which is practically our A-C. Our C leg is a combination of Phi and strong resistance, and also a 5th wave. to get to our D leg we must past B since it's our strongest support so far, {which is why one can trade from C-B in a pattern). Psychology now plays an important role in clearing our B point. Traders will realize that we just topped out at a 5th wave and will look for a 61.8 retracement. therefore, getting past B will be easier than before. One of the hardest task is identifying D. Conventionally persons will automatically assign a 78.6 for the D leg, but it should be assigned based on strong, Support (now resistance when bearish). in this case, there is a strong support at the 78.6. We also have some strong support at the 61.8 which we will not take for granted, but we put priority over a more recent support. Hope it's clear enough to understand. next is to use whatever indicators you usually use to know when to enter. With the interest rate decision pending, there should be some volatility very soon on this pair. A trade like this is worth losing, we trade worst and accept a loss, this is worth the shot. Most likely the rates will be unchanged, it's usually the statement that has the bearing due to the RBNZ (government involvement) policies.
Long
by DayFarrell