Haynes6EU's Blog

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Blog 27/9: Sell NZDUSD

Hi Traders,
Market is buying back USD vs other currency after hawkish comment from Fed Chair Yellen Speaks. I expect money flow will continue, so I setup a sell limit order NZDUSD.
Good luck to all traders
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Blog 10/7: Sell NZDUSD

Hi Traders,
The pair NZDUSD had rallied since the begining days of May. It's seem that rally process just stopped and market going into correction phase. I think the daily chart shows a good chance to sell this pair with stop loss above old high level and take profit about 100 pips from current level 0.727. Let's see the daily chart below:
Good luck to all
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Blog 2/5: Sell NZDUSD follow weekly chart

Hi Traders,
NZDUSD's weekly chart shows the possibility of a decline. In addition this week there are also some fundamental data will be released: FOMC statement, US non-farm employment; NZ's employment data and inflation expectation. That would be chance for sell, so I setup a sell limit order when price bounce and stop above 0.7.
Good luck
Haynes6EU
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NZDUSD - Another bearish month is expected?

Hi community members,
Background: this forecast base on balanced distribution (pure technical view). To simplified: I use monthly chart to forecast trend and daily chart to predict price on 1st of June!
Monthly chart: It's clear there are three months price has been decreasing, it's simple that I expect we will have one more month to decrease.
Daily chart: Price is fluctuating around decreasing median. It need time for market distribute goods and service around the mean so I don't think price wi…
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Update 1: Price is going on the right track of forecast. Balanced area continue to go lower, there are a lot of space ahead so I expect price will decrease on remain days of the month.

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Update 2: prices still be in small range and has not yet break the old range but median prices in daily is decreasing.

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Update 3: The pair NZD/USD still be on the way to my target 0.67. I think that current situation is good for Bear and prices is below sma (50, 100, 200) and median price is decreasing stable.

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NZDUSD - What next? consolidate in a box???

Hello community,
The pair NZDUSD bounced back strongly from low area 0.62 to above 0.674x, it's very impressive , can the pair go up more? I don't know but I think that Bear will come consistent above 0.67 level and put pressure on price. So I expect the pair will consolidate in a box (0.65~0.67xx) a few weeks ahead before decide new direction for the pair. Let's look at my chart:
Good luck to all
Haynes
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NZDUSD - Short entry to wait RBNZ

Hello community,
RBNZ will be holding a policy meeting tomorrow and market expect RBNZ reduce OCR at least 25 bp. So I setup a short entry at confluent level 0.666 (fibo 61.8 from high 0.677x). I expect NZD will retest the last bottom and even more break to make new low.
Good luck to all
Haynes
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NZDUSD - Which level prefer to sell?

Hello community,
The pair NZDUSD just temporary finished moving down from 0.774x to 0.662x. So I expect it's time for correction, then my question is which level prefer to sell? my chart show good level to sell again around 0.68 level (It's sma 100 in H4 chart)
Good luck to all
Haynes
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NZDJPY - The uptrend is nearing end?

Hello community,
The pair NZDJPY is drawing right shoulder in HAS pattern and period of range move may be nearing end! Support level 88.8 level temporary hold and the pair could bounce back above 90 level and may be fall again in medium term target 84.
Look at the daily chart below:
Have a good week
Haynes
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NZDUSD - 0.74 support hold?

Hello community,
It seem that support level 0.74 hold and the pair bounce back from this level, target could be around 0.756~0.758! And we can wait and see price action at this level. The pair still in range 0.74~0.774 but I think upside should be limit and downside opened for more lower 0.7!
Look at my chart:
Regards,
Haynes
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NZDUSD 0.746 ~0.774 range; upside limited; opened downside

Hello community,
The pair NZDUSD is moving in range 0.746~0.774 that is above sma(50), it means the pair still in up channel. If support still hold, the pair could bounce back around 0.78; Opposite case, a break below could lead the pair to 0.72 again.
Fundamental factor is putting pressure on NZD so I think that upside should be limited. Meanwhile RBNZ monetary policy stance dovish and FED rate hike ahead continue push the pair go south. Look at simple chart below:
Good luck to all
Haynes
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