NZDUSD Price Action: Pin Bar Trade Setup. May 30, 2013.

 

The pair managed to complete a 1:2 Risk Reward from yesterday's Pin Bar Trade Setup but was quickly rejected as it touched Support forming a Pin Bar at the close of Trading.This setup leaves us with a bullish bias and entries would be sort at the 50% retracement region of the Pin bar.

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NZDUSD Price Action: Pin Bar Trade Setup. May 29, 2013.

 

The Kiwi has given off a Pin Bar Price Action Trade Setup which is expected to send prices lower and if price rotates into the 50% retracement entry zone, the setup would then offer a decent 1:2 risk reward ratio. The trade room has already made an entry on this setup as price failed in its bid to break above the previous Pin Bar high. It is important to note that the pair is currently shaping to shake-off the recent very bearish pressure on it.

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NZDUSD Price Action: Closing Price Reversal Setup, Hits TP (Support). May 22, 2013.

 

 This was a give away from my commentary yesterday. The Trade room came out with a healthy 1:2 risk/reward of about 100pips. The Closing Price Reversal Setup has hit Support, it remains to be seen if the support would give way. 

My Recommendation: Stay out and observe its price action at support.

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NZDUSD Price Action: Closing Price Reversal Setup. May 21, 2013.

 

The Kiwi has been on a massive bearish run which is yet to show any significant sign of ending. With today's activities ending with a Closing Price Reversal Price Action Setup, price is expected to make a dash towards Support as shown above. But if this fails, price would make an attempt to reach key resistance at about 0.8359.

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NZDUSD Price Action: The Week Ahead May 19 - May 24, 2013.

The NZDUSD has continued to face heavy bearish pressure and this momentum is expected to take us down to 0.7500. Short entries should be sort on rotations back into resistances pending price action.
 
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NZDUSD Price Action: Closing Price Reversal Price Action Setup. May 15, 2013.

The massive bearish run on the NZDUSD has approached a halt with the formation of a Closing Price Reversal price Action Setup just above the horizontal support zone. This setup could trigger price rotation back towards Key Resistance where Price Action Sell Signals should offer more oppurtunities to rejoin the bears.

My Recommendation: Stay neutral and wait out the expected pullback.

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NZDUSD Price Action: Breaks Key Weekly Support. May 12 - May 17, 2013.

 

 The New Key resistance woulld be the key action area determining where the trend could be headed in the comming weeks. If we get a daily price action setup at about the key weekly resistance, that would be the trigger to going short for the rest of the week or month.

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NZDUSD Price Action: Hits Key Support. May 10, 2013

 

The Kiwi has been very active lately. In the commentary of the 8th of May, I did point that the pair had hit support and showed a false break of it. This lead to a quick dash back into Key resistance from where sellers sent prices fast back to support. Fridays trading offered more bearishness as priced raced into the next Key support at about 0.8280. My expectation would be for rotations back into New Resistance from where Price Action Setups to rejoin the bears should be expected.

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NZDUSD Price Action: Hit Key Support Zone. May 8, 2013

 

The very bearish trend of the kiwi was faced with a very dominant support in today's trading but could only muster a false break of it. Since this is a key Support, I would be looking out for good bullish reasons to go long from this zone but in the event that today's low is compromised instead, price should then make a dash at the next support zone at about 0.8300.

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NZDUSD Price Action: explodes higher. 30/04/2013

 

The Kiwi exploded  higher after an anticipated sell-off failed to materialize following its Inside Pin Price Action Setup. When setups occur on the daily time frames, entries are sort on the intra-day time frames. In this case, there was no reasonable bearish setup on the intra-day as Traders were more interested in the more dominant bullish trend.

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NZDUSD Price Action: Inside Pin Price Action Setup. 27/04/2013

 

 The last trading day of the week saw the Kiwi close with an Inside Pin Price Action Setup, after price twice failed to clear resistance at about 0.8510. If this setup pulls off, I expect a significant bearish push into support at about 0.8400 - 0.8300 regions.

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NZDUSD Price Action:Pin Bar Price Action Setup, 23/04/2013

 

Four days ago, the Kiwi failed in its attempt to move higher, this was again quickly followed by yet another failed attempt to rotate higher the next day. Both days closed as pin Bars, an indication that we were to see lower prices. Despite today's close being a Pin Bar, the downside side bias and pressure remains not until the resistance Zone is convincingly cleared as indicated above in the chart.

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NZDUSD Price Action: Pin Bar Trade Setup, April 20, 2013.

 

 There is Pin Bar Trade Setup off the Dynamic/Horizontal Resistances on the daily Chart of the pair. This is inline still with the previous Closing Price Reversal Setup analysis on the 18th April. Further bearishness is expected.

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NZDUSD Price Action: Closing Price Reversal Trade Setup, April 18, 2013.

 

Price fell lower today after NZDUSD gave out a closing Price Reversal Setup at the close of Trading yesterday. Expectation is for price to continue lower into Support around 0.8350.

My recommendation: Stay bearish

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NZDUSD Price Action: Pin Bar/Inside Pin Bar Combo Setup, hits Resistance. 09/04/2013

 

This Pin Bar/Inside Combo Setup was discussed in yesterday's commentary and the pair has eventually hit resistance as expected, netting the Trade Room 112pips in the process. This goes to show the immense power available to trading the markets with just price Action.

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NZDUSD Price Action: Pin Bar/Inside Pin Bar Combo Setup, pulls off. 08/04/2013

 

A pair of Pin Bar/Inside Pin Bar combo Price Action Setups on the NZDUSD daily chart, has pulled higher, breaking through and closing above resistance at 0.8445. Price should attempt to peel off, continuing bullish, into the next resistance at about 0.8530.

My Recommendation: Stay bullish

NZDUSD Price Action: Fakey Trade Setup, pulls off 03/04/2013

 

A Fakey was spotted at the close of trading on Monday 1st April and price has traded higher afterwards. This setup was traded in the Trade Room and a 1:3 reward has already been met, though there still are possibilities of price reaching Resistance at about 0.8460.

My Recommendation: Look out for Price Action Trade Setups as price approaches resistance

NZDUSD Price Action: Inside Bar Trade Setup, 29/03/2013

 

The inside bar trade setup is a very significant Price Action Setup. It marks indecision and at the same time could mean continuation of a previous trend or a  reversal into a new trend. Spotted on the daily chart of the NZDUSD, just above New support  Zone, it is expected that the previous bullish trend should continue targeting the next resistance at about 0.8460. If this setup were to fail, the new support would have to give way for any extensive bearishness.

My Recommendation: I may want to wait another day in order to be sure on the pairs direction.

NZDUSD Price Action: Breakout 23/03/2013

 

The pair Broke out of its constrained range and should target higher prices in the coming days. It should be noted that the pair had bounced from Key Support at 0.8184 which had served as a good support for this pair on many other occasions.

My Recommendation: Buy pair on failed break of new support.