Sforex
Short

KIWI NEXT WEEK: WHO SAVES KIWI ?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
169 1 5
The pair I recommend to SELL next week is NZDUSD             . Why I say that ?

Last week, we see NZ             CPI             declined sharply to 1.0% and surprised market. Obviously, NZ             economy is fighting to keep its motivation. The Rate Decison on Wednesday is a chance to RBNZ do something to support for NZ             .I think they will keep the rate unchanged at 3.5% and repeat once the term " unjustified and unsustanable"

With the come back of USDollar             , and dovish stane of RBNZ, it's difficult for Kiwi to maintain the bid. This is time to SELL NZDUSD             .

I recommend you SELL NZDUSD             through 0.77100 key support level .

Look at on the chart, I draw two trend lines : bearish trend line and bullish trend lines. Price bounced back after testing bearish trend line , and breaking bullish trend line . This is a strong sell signal. Moreover, RSI indicator, RSI bounced back after testing the resistance level at 50 , and Stoch indicator shows sell signal when %K cut %D.

All information from FA to TA support for SELL Kiwi, so why we don't sell NZDUSD             ???

detail about USDollar             next week: http://goo.gl/OvWIoM
https://twitter.com/SforexSolution
https://www.facebook.com/sforexsingals

Rebounds

Simple technical analysis works best!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out