NZDUSD: Bullish Bat with Rebound
Since last week, NZDUSD has broken above a 2-week falling trendline thus ending a bearish structure. A bullish bat was formed after the breakout and as the price pulled back.
NZDUSD: 3rd Dive before Completion of Bullish Bat
NZDUSD broke out of a bearish structure as it broke above a 2-week falling trendline.This morning, the price continued to climb from a minor support at 0.6610 but was obviously…
NZDUSD: Cont’d from Previous Post
While NZDUSD retraced expectedly before rising further, the current movement suggested further retracement before the rebound. W
NZDUSD: Breakout of Consolidating Structure
NZDUSD has been on the rise since it found support and rebounded off from a 4 year low around 0.6200. In the process of the rebound, the price has broken a few critical resistance levels such as the 8-month falling trendline.
Major Falling Trendline, Butterfly Pattern, Sell NZDUSD
The price has gained and retraced tremendously and finally got resisted by a major falling trendline. At the same time as it reaches the major falling trendline, a butterfly pattern…
Final Wave to Reach Bottom of Major Rising Channel, 2 waves of retracement completed, Short NZDUSD, 17th November 2016
Technical Analysis: Just after selling NZDUSD yesterday, it fell further. But just before reaching the bottom of the major rising channel, the price went for a retracement and completed another…
Moving Towards Bottom of Major Falling Channel, Retracement Channel Completed, Short NZDUSD, 16th November 2016
Technical Analysis: The price has been falling from the top of a major rising channel based on D1 chart and is in the process of completing its 2nd major wave…
Falling From Top of Rising Channel, Retracement Channel Completed, Short NZDUSD, 8th November 2016
Summarized Analysis, Trading Plan, and Results: Firstly, there was a rising channel and the price was resisted and has begun to fall. In the M15 chart, the price is forming…