{"id":25753,"date":"2011-12-04T20:13:35","date_gmt":"2011-12-05T01:13:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=25753"},"modified":"2011-12-04T20:13:35","modified_gmt":"2011-12-05T01:13:35","slug":"kiwi-outlook-06-december","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/12\/04\/kiwi-outlook-06-december\/","title":{"rendered":"Kiwi outlook – 05 December"},"content":{"rendered":"

Early to mid last week saw a very bullish market with the kiwi gaining against the Dollar. Thursday and Friday\u2019s price action showed momentum finally slowing down with small movement. The market did however form a bearish Hikkake pattern at the end of the week suggesting the early bulls could lose control to the bears in the coming days.<\/p>\n

A look at the chart below shows the mentioned Hikkake pattern. The pattern is strengthened as it is showing a clear rejection of a strong S&R level sitting at 0.7800.<\/p>\n

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\"nzdusddailyoutlook05dec\"<\/p>\n

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The Hikkake is again strengthened by a 50% swing retracement. A look at the chart below and we can see the market last week retraced 50% of its most recent down swing. The Hikkake pattern is formed just below this 50% which happens to sit just 50pips above our identified S&R level at 0.7800.<\/p>\n

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\"nzdusddailyoutlook05decfibs\"<\/p>\n

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With the strong technical resistance sitting at 0.7800 and the 50% swing retracement its possible we may see the market continue its bearish momentum seen for much of the latter part of this year. Last weekend the Kiwi opened with a gap which as of yet has not been filled. Shorting the pair down towards the 0.7500 area (the Gap) could prove to be a profitable trade in the coming days\/week.<\/p>\n

\"nzdusddailyoutlook05dechikkakegap\"<\/p>\n

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Article by vantage-fx.com<\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Early to mid last week saw a very bullish market with the kiwi gaining against the Dollar. Thursday and Friday\u2019s price action showed momentum finally slowing down with small movement. The market did however form a bearish Hikkake pattern at the end of the week suggesting the early bulls could lose control to the bears … <\/p>\n

Continue reading “Kiwi outlook – 05 December”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-25753","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=25753"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=25753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=25753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=25753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}