Posts Tagged ‘NZDUSD Analysis’

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Not much action since last Thursday

Tuesday, February 7th, 2012

Since last Thursday the market has been quieter than usual. I mean, on Friday we got the non-farm payrolls announcement, the market spiked and then stopped. Yesterday a small swing up, another down, and done. Today, it’s even quieter…

Looks as if something was cooking… ¿What do you think?

Anyway, I’m still focusing on the same pairs. I like the way the NZDUSD has been trading on the last few days: in a well defined short term range:

I’ll be looking for long opportunities around the bottom of the range.

Will you be trading the NZDUSD? Let me know.

Good Trading!

Raul Lopez
Forex Coaching

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Looking for longs on the NZDUSD

Wednesday, February 1st, 2012

How did you do with the GBPUSD yesterday? Did you have a chance to trade it?

The NZDUSD is another currency pairs I’m currently looking for long opportunities, yesterday it wasn’t that clear (at least to me), and was waiting for it to break the ST resistance level, which finally did:

Now its trading in a very clear bullish condition and what I like the most about the NZDUSD is that its next LT resistance level is at 0.8817, it is currently trading at 0.8348, so we got plenty of room to find our long position.

Would you be trading this one? Let me know.

Good trading!

Raul Lopez
Forex Coaching

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I still like the NZDUSD for longs

Wednesday, December 7th, 2011

I still see good opportunities on the NZDUSD for long opportunities. On the long term charts it was rejected from an important LT support level, and take a look at the short term chart, we are just trading around an important support level:

We only need to be careful because later today the interest rate announcement from New Zealand is released. Other than that, I’m pretty comfortable looking for longs.

What do you see?

Trade Safe!

Raul Lopez
Forex Training

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Here we go: short on the NZDUSD

Thursday, November 24th, 2011

Since yesterday, that the NZDUSD broke the previous low (daily charts) it made me feel more comfortable trading it (looking for short opportunities). It’s clear now that it is likely to continue its way down. And what’s best, on the short term charts, it looks like as if the ST resistance level is holding:

It was rejected from an important resistance level and formed significant downward pressure, that means I just set an order to go short:

Short order: 0.7414
SL: 0.7464
TP: 0.7159

Trade Safe!

Raul Lopez
Forex Course

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I’m also looking for long opportunities on the NZDUSD

Monday, August 29th, 2011

I think the NZDUSD still has a long way to go before it reaches the next LT resistance level. It is currently trading in a short term range, which is good because it helps us determine possible entry levels:

I have my next LT resistance level at 0.8817 (if I find a long opportunity here, I’m going to place all take profit orders below this level).

Trade Safe!

Raul Lopez
Forex Course
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NZDUSD – Trading at historical highs, likely to continue up

Tuesday, July 19th, 2011

The NZDUSD just broke through the ST resistance level, it already was in a bullish condition, since last week that it broke through the LT resistance level triggering its bullish condition. Today however, it is also trading above every important level in the short term charts, meaning that the bullish sentiment it’s even stronger:

Today I’ll be looking for long opportunities in the NZDUSD, and if I find a trade to go long I will use a 3:1 risk reward ratio.

Trade Safe!

Raul Lopez
Forex Course

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NZDUSD – Trading around historical highs

Thursday, June 9th, 2011

Many traders are afraid to go long when the market reaches new highs/lows, but I don’t see a reason to be afraid. The only thing that worries me a bit is that we don’t know where the market might retrace, but that’s the reason I use in these types of trades a risk-reward ratio of 3:1.

This is the case of the NZDUSD, it is currently trading around historical highs, in a clear bullish market condition:

As long as the NZDUSD keeps trading above 0.8025 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training

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NZDUSD – Trading at historical highs

Wednesday, June 1st, 2011

The NZDUSD is obviously trading in a very clear bullish market condition, it is trading above every important level and I will be looking for long opportunities:

I’d like to see significant upward pressure around the bottom of the range to go long.

Trade Safe!

Raul Lopez
Forex Training

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NZDUSD – Clear bullish market condition

Thursday, March 31st, 2011

Yesterday the NZDUSD broke through an important LT resistance level triggering a very clear bullish market condition:

As long as it trades above 0.7580 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training

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NZDUSD – Looking for long opportunities

Monday, February 21st, 2011

Since last week that the NZDUSD is trading in a bullish market condition, it was clearly rejected from an important LT support level around 0.7555. I’m currently looking for long opportunities just where the NZDUSD is currently trading at:

The next LT resistance level is around 0.7776, we have plenty of room to get a good risk-reward ratio.

Trade Safe!

Raul Lopez
Forex Training

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USDCHF and NZDUSD update

Wednesday, February 16th, 2011

A few days back I posted about these two currency pairs, since then, the market conditions have changed, so here is an update:

The NZDUSD broke the bottom of the short term range, but it retraced and didn’t follow through. We need to redefine the new range, here is the new one:

New range: 0.7588 and 0.7508, I’ll wait for the market to break this range before looking for any trade opportunity.

We had the USDCHF in a bearish market condition, it broke the short term range, but based on how it has been trading in the last hours, I think it would be best to redefine the ST range and define a new one:

New range: 0.9565 to 0.9773. We are still waiting for the market to break the range before we start looking for a trade opportunity.

EURNZD Trade update: The order has been canceled, it closed below the low of our trigger pattern.

Trade Safe!

Raul Lopex
Forex Training

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NZDUSD – Strong bearish market condition

Tuesday, February 15th, 2011

The NZDUSD just broke through an important LT support level triggering a bearish market condition:

As long as the NZDUSD trades below 0.7543 I’ll be looking for short opportunities.

The next LT support level is at 0.7358

Trade Safe!

Raul Lopez
Forex Training

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NZDUSD – Looking for long opportunities

Tuesday, January 25th, 2011

The NZDUSD is trading in a short term range, in a bullish market condition:

I’d like to see how the NZDUSD behaves around the short term support level at 0.7624, if I see a significant pattern with upward pressure I’ll definitely go long.

Trade Safe!

Raul Lopez
Forex Courses

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NZDUSD – Longs in play

Thursday, December 30th, 2010

The NZDUSD broke through an important LT resistance level earlier this morning, triggering a bullish market condition. Only long opportunities are in play (short opportunities will be ignored):

The next LT resistance level in the NZDUSD is at 0.7937.

Trade Safe!

Raul Lopez
Price Action

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NZDUSD – Long opportunities in play

Thursday, September 9th, 2010

Earlier this morning the NZDUSD broke through an important ST resistance level triggering a bullish market condition:

NZDUSD

I’m currently looking for long opportunities in the NZDUSD (all short opportunities will be ignored).

The next LT resistance level in the NZDUSD is at 0.7344

Trade Safe!

Raul Lopez
Forex Training

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