IchiTrader63's Blog

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NZD vs USD Double Top


The NZD vs USD is approaching it's all time high @ 88415.Currently price is in an uptrend and pushing towards that level with about 130 pips to go.Maybe some time next week price reaches this level but then I am expecting this level to hold and price drop down to possibly a prior support level. Last time price rejected this level and fell nearly 1500 pips. Looking at the monthly chart you can see some signs of weakness already with the previous month closing with a doji candle showing indecisio…
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AUD vs NZD Nearing Major Support


The AUD vs NZD is pushing towards it's all time low of 1.04280 which was hit on 12/2005. Since setting the all time low price has bounced off of that level and pushed upwards to an all time high of 1.37941 set on 3/2011. Ever since then the pair has been in a downward spiral attacking the all time low level and finding support near that low at 1.05490 this past January. Price moved some 400 pips away from that support level but once again we are nearing that level at about 90 pips away. Well wh…
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jezz avatar
jezz 1 Mar

Maybe it is time for the kiwi to take over the lead. It could be a great thing for the Australian economy. However, considering recent articles on Chinese expansion in the Aussie soil with private investment plans, you could be right with the bounce, looks more logical

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NZD vs JPY Kumo Breakout!

With price closing outside of the Kumo on the daily time frame this represents bearish sentiment with the ichimoku system. Price has not been on the bearish side of the Kumo since breaking the Kumo July 4th of 2012. Nice long bullish run! That bullish run really started in June of 2012 @ 57.985 until the high of 86.430. Knowing this you might want to look at the monthly time frame to understand why I like the short trade here. From that low of 57.985 to the high of 86.430 a 50% fibonacci retrace…
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VTTG 26 Sep

Good job. Success attend you!

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