NZD-USD-SELL
Short NZD?End of a massive week where we saw prices of the major currency pairs moving from between 100 to 250pips, in alignment with our analysis for a stronger USD.
This strength in the USD was derived from Chair Powell’s hawkish tone on the US economy and the continual sell off in the equity markets.
Today we saw a short term bounce in the USD, most likely due to technical levels, profit taking and reduction of exposure over the weekend.
I’ll still be looking for trades which signal USD strength.
NZD/USD potential downfall It's formed a XABCD and another triangle to show the predicted movement of the market it's heading to.
It's hit the resistance line twice already from previous moves and every time the candlestick hits a resistance line, it continues to crumble and gets pressured to lower the price.
I am hoping it will continue to lower because it has already hit a resistance line by two 1 day candlesticks.
NZD / USD Short Idea NZD has been doing good for me staying in the channel and thats why i think it will go back down again, looking at the bigger timeframe it might be time to break down of the channel and go down hard.
Nzd/UsdPotential Nzd/Usd Breakout
If we see price break 0.7275 we should expect further downside movement
NZDUSD : Big sideway play with bore-Fed meeting againThe US dollar, has a news for FED meeting tonight.
NZDUSD, it meet the resistant and fell down, need confirmation about price.
But, i think FED will not increase the rate. So it's better that should trailing stop for protect profit, or closed SELL
before news launch.
