Taking Points – Technical Strategy: Long@.8380 – Trendline Broken On Daily Chart – Price traded in corrective channel for wave c of b. – Candlestick Pattern: Morning Star The trade on Nzd-Usd is still valid, as it’s hold .8300 level. This is just correction on wave b, price traded in corrective channel and expected bounce from current level. 8300 is...
We are very right side of the market, pair broken down the bearish channel. In idea case, stop loss can be moved up bit, but we are not changing our initial plan and stick to 8300 stop loss level, and same for target.
Intraday Analysis Overview Taking Points - Technical Strategy: Long@.8380 - Trendline Broken On Daily Chart - Candlestick Pattern: Morning StarTrend is down, but chart showing possible pullback, and this is considerable counter-trend. On elliottwave, we are able to count five waves down on NZDUSD and considerable we will be in wave 2 / wave B. Price brokendown...
This pair is about to complete it's first leg of correction, and can be sell for target 1.099 to 1.0760 area
Traders, On March 28th, I defined three distinct targets, all of which have been hit. The most recent target remained pending on last analysis (see it here: ), when TG-3 = 0.88099 was overing a few pips above and fundamentals were waivering (milk prices were pointing down while RBNZ was talking about increasing its rate). At this point, TG-3 has been hit...
Friends, On a pure fundamental basis, a rate-based directional bias should favor a decline in the NZDCAD pair. First, $NZD was recently affected by a decline in its dairy futures pricing, bringing the currency to a double-top formation near the 0.87525 level, and capping any new advance on the back on these futures price concerns. Also, RBNZ stated: "We saw...
Friends, Last Wednesday, June 04th, I released two bearish targets, namely: 1 - TG-1 = 1.08986 - 04 JUN 14 and 2 - TG-2 = 1.08521. (Source: ) Both of these bearish targets got hit with great precision as of this hour (see M14 timeframe for a closer look of the price action relative to these two bearish targets here: ). A third target, standing at the...
Friends, TRADE PROFILE: Only three days ago, I took the opportunity of a long entry based on a daily chart which confirmed support near the 87.350 level. A layered analysis comprising my prop predictive analysis and forecasting favored a bull directional bias with a series of bullish targets of moderate-probability quality. Despite being a technical analyst, I...