Happy Corner: Kiwi (NZD) pairs

[shams00]

What you think its a good reversal signal?

[happypip]

Here’s one for those who like trading breakouts! NZD/USD has been trading on what looks like a rising wedge on the 1-hour chart. It’s currently having trouble at the .8050 handle, but it’s still within the wedge pattern. Will we see a breakout soon? Lemme know how you’re planning on trading this one!

[MCCDXB]

i am bullish on this pair...T/P for this pair for me is 0.8160 , where there will be a strong resistance, followed by retracement till 0.8000 and back to 0.8230 levels....

[alwjmonster]

i am bullish on this pair...T/P for this pair for me is 0.8160 , where there will be a strong resistance, followed by retracement till 0.8000 and back to 0.8230 levels....

nooo, do not trade with bias in breakout trade.. it goes both ways, if fundamentally exceptional. however always "Never predict, Always react"

[happypip]

"Never predict, Always react"

I like this!

[happypip]

Hmm, it looks like it's still stuck in a range for now. Let's see what the NFP has in store for NZD/USD... Good luck with your trade!

[happypip]

This could be a make or break for the Kiwi! The pair just hit support at the bottom of the rising channel on the 4-hour chart while a bullish divergence seems to be hinting that Kiwi bulls could charge soon.



The .7950 minor psychological level has acted as a significant area of interest in the past and might still do so this time around. But do fundamentals line up for a Kiwi bounce? Let me know what you think!

[happypip]

Here’s one for the comdoll bulls! NZD/USD is chilling on a rising trend line on the 1-hour chart and it looks like it’s about to retest the support. Stochastic is on the overbought territory for now, but do you think there’s more room for the Kiwi to rise? I have a good feeling about this one!

[SimonTemplar]

Looking at the Daily, we could have a nice Head & Shoulders pattern forming, with the 200ema sloping down slightly across the shoulders, and the Monthly Pivot just below the neckline, which could add up to a pretty bearish picture. I'll certainly keep an eye on it.

ST

[happypip]

Looking at the Daily, we could have a nice Head & Shoulders pattern forming, with the 200ema sloping down slightly across the shoulders, and the Monthly Pivot just below the neckline, which could add up to a pretty bearish picture. I'll certainly keep an eye on it.

ST

I've been keeping my eye on that right shoulder for the last couple of weeks, too! Just waiting for some downward momentum before jumping in and possibly adding if the neckline breaks.

Nice to see you back here, SimonTemplar!