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NZD vs USD Double Top

IchiTrader63 Posted 2 May  in #Trader's blog #NZD #USD #Double Top #Support And Resistance #Divergence

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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NZD vs USD Double Top Pin Bar Rejection

IchiTrader63 Posted 15 Mar.  in #Trader's blog

Looking at the NZD vs USD on the daily we can see the resistance zone between .85143 and .85437 where price has pushed up to this level but failed to break this level on two consecutive days with the close of Thursday and Friday. The bears have been very aggressive at this level as price rose as high as .86044 only to be rejected and pushed back down nearly 80 pips with the close Friday at .85269 below the support level. You will notice the long pin bar on Thursdays close of nearly a 60 pip re…
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AUD vs JPY Rejection at Resistance

IchiTrader63 Posted 8 Mar.  in #Trader's blog

The daily time frame of the AUD vs JPY has closed on Friday creating a pin bar doji at the resistance level between 94.090 and 94.457. This candlestick is a representation of supply outweighing demand. What is significant is how high price moved up but the bears overpowered the bulls and pushed the price nearly 90 pips down from the upper resistance zone at 94.457 to below the zone at 94.090 and closing at 93.599 Just the rejection is impressive and shows that the level above is a strong resist…
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