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Kiwi Calling The Bottom

Daytrader21 Posted 3 Lug  in #Trader's blog #NZD/USD #Bottom #Kiwi #Seasonality #Cot Report
Two days ago in my recent webinar I've been calling out the possibility of a bottom in kiwi. I'm not expecting a full reversal just a rally inside a bearish trend or a correction as nothing goes up or down in a straight line. Even last month I've been warning that we need to prepare for a bounce but also highlighting that timing the bounce is key, you can read what I had to say back then here: NZ Dollar COT Extreme
Figure 1: NZD/USD Seasonality

The reason why I've…
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GBP/CHF Double Bottom

Daytrader21 Posted 15 Feb as Analysis on GBP/CHF, Target: 1.4736, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Support #Resistance #Crosses #Snb #GBP/CHF #Bottom
After SNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted however we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes.
Figure 1. GBP/CHF Weekly chart.

Based on the Monthly chart we can spot a big double bottom that is ta…
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Daytrader21 28 Feb

Update 2: As expected the momentum continue to push higher and we're near our target. From here on I'm expecting a retracement based on Figure 1 we should see the market ranging between a wide range 1.4750 resistance zone and 1.4000 big round number and support zone

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Daytrader21 7 Mar

Update 3: Unfortunately we broke above the key level 1.4750 but we still have to be patience and wait and see if there is any follow through to confirm this breakout.

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Daytrader21 14 Mar

Update 4: This pair has broken outside my projection and we the momentum pushed this pair all the way up past the big round number 1.5000 and we had a strong rejection from there making a "v" shape top for now which should keep this pair under pressure in the coming weeks. Next week support stands at 1.4700 level.

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Daytrader21 21 Mar

Update 5: As per my previous update I was right we indeed established a "v" shape top. Now we're big round number 1.4500 which should provide some support level for the time being. Next week we should see momentum start picking up.

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Daytrader21 28 Mar

Update 6: After 2 weeks sell of this pair has finally found a bottom and we should expect previous week low to hold. So the 1.4200 level should act as support. If we manage to break above 1.4500 round number in the first days of the week there is a chance we'll hit our target

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