NZDUSD Is On The Way Of Strong Down Trend

NZD is loosing strength over USD as the other currencies. There is a strong downtrend on 4H chart and now price is around near the important resistence.

Both 2 vertical line examples are overbough areas regarding to RSI and Stochastic. This strategy can mostly useful for this pair nowadays. Last red candle is confirmation for downside movement predictions.

Short Position

Stop Loss: 0,8490

Target: 0,84274

USD Continue To Gain Advantage Over EUR

Hit the target. Nice Pips!

After a long time, I started to write my opinions. Below picture explains the main idea about to short EURUSD pair. Although last NFP couldn't cover the expactations US Economy is much better than the most of the economies around the world.

I can see a Elliot waves and a 3 way correction. The correction is stopping near the pivot point which is a good resistence I guess. Both fundementally and technically I expect that the downtrend will continue. 

My main target is 1,3350

Stop Loss: 1.3445