Happy Corner: Kiwi (NZD) pairs

[kayvon77]

Kinda new to this trading business, but what do you think about a test of the .9700 lows. It looks like price has broken down a good support area. I need the stochs to come out of oversold, before setting up for an entry.

[happypip]

Kinda new to this trading business, but what do you think about a test of the .9700 lows. It looks like price has broken down a good support area. I need the stochs to come out of oversold, before setting up for an entry.

Eep, looks like you're in the wrong thread mate! But I did see your charts and comments on my AUD/USD thread (Happy Corner: Aussie (AUD) pairs) and it appears to be headed much further south. Even way below the .9700 lows!

[kayvon77]

Whoops. Looks like trading is not the only thing I'm new at -apparently posting on forums as well. Yep, looks like it followed through. Expecting a pullback here.

[happypip]

Whoops. Looks like trading is not the only thing I'm new at -apparently posting on forums as well. Yep, looks like it followed through. Expecting a pullback here.

Look, it is pulling back! What levels are you watching for a possible trade?

[happypip]

Double snaps to Big Pippin for spotting my third comdoll setup today! Just I thought that the pair would break above .7600, the falling trend line actually provided enough resistance! Anyone planning on trading a breakout? I’m watching this pair too!

[Pipbuddy]

now is above 0.7660..! missed it!

[happypip]

Let's give another round of happy snaps to Big Pippin' for pointing out this divergence + trend line play on Kiwi:



I guess this means I should hold on to my long NZD/USD swing trade then?

The pair found support at the .7700 major psychological level, which was right in line with the trend line and just enough to close the weekend gap. With price making higher lows and stochastic making lower lows, a bullish divergence has formed, hinting that NZD/USD could be headed further north. The next area of interest seems to be at the .7800 handle but, for the sake of my long trade, I'm keeping my fingers crossed that it heads much higher than that!

[happypip]

Are the Kiwi bulls taking a breather? On NZD/USD’s 4-hour chart is a rectangle, which, according to the School of Pipsology, is a possible sign for a continuation of a trend. The question is, are the Kiwi bulls done pushing the pair higher, or are they just taking a breather?

[happypip]

After bouncing a few times off the .7850 minor psychological support and finding resistance near .7900, NZD/USD seems to be stuck inside a new range for the week. Stochastic is pointing down, which means that another test of .7850 might be in the cards. Will it still hold this time?

[MCCDXB]

nzd usd has formed a reversal at 0.7919 and looks back t enter the consolidation box , reversal in progress.