BUY The Major FX Pairs vs USD?? This is the FOREX Currency futures outlook for the week of May 12 - 16th.
In this video, we will analyze the following FX Majors markets:
USD Index
EUR
GBP
AUD
NZD
CAD
CHF
JPY
USD Index finally finished the move to the Daily -FVG, as forecasted last week. Now, will the resistance hold, sending prices lower? I thinking so.
Look to buy xxxUSD pairs. Sell USDxxx pairs.
Wait for valid setups. CPI Data on Tuesday, so be careful.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
6N1!
NZD/USD Climbs on US-China Optimism and RBNZ Rate Cut ExpectatioNZD/USD Climbs on US-China Optimism and RBNZ Rate Cut Expectations
The NZD/USD currency pair edged higher during European trading hours on Thursday, recovering from two consecutive sessions of losses. Trading near 0.5982, the pair benefited from renewed optimism surrounding potential US-China trade negotiations, a key factor given New Zealand's strong economic ties with China.
This resurgence in the Kiwi dollar (NZD) contrasts with the broader trend of recent days. The previous decline was likely fueled by concerns over global economic growth and the impending interest rate decisions from central banks across the globe. The pair's upward movement now suggests a shift in sentiment, with investors recognizing the potential positive impact of a potential trade thaw.
Crucially, expectations surrounding the Reserve Bank of New Zealand's (RBNZ) upcoming May meeting are also playing a significant role. Markets are overwhelmingly pricing in a 25 basis-point cut to the Official Cash Rate (OCR) from its current 3.5%. Furthermore, there's a growing expectation of further easing to 2.75% by the year-end. This anticipated easing of monetary policy in New Zealand is providing substantial support to the NZD, adding another bullish element to the current trading environment.
From a technical perspective, the price action around the crucial 0.5980 level highlights the interplay of fundamental and technical factors. While the price has reached a weekly supply zone, the confluence of optimistic trade sentiment and the expected OCR cut is currently outpacing any bearish technical indicators.
However, a sustained move above the significant resistance of the 0.6000 level is critical to confirming the renewed bullish momentum. A break above this psychological barrier would signal further strength in the Kiwi dollar, whereas a reversal below 0.5980 would bring the previously discussed bearish factors back into the forefront.
Looking ahead, the key to future direction for the NZD/USD will likely depend on the outcome of the US-China trade negotiations and any potential further developments regarding the RBNZ's interest rate decisions. Markets will be watching closely for any tangible progress in either area, as this will likely dictate the pair's trajectory.
✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
USD is Bearish, SO BUY EUR, GBP, AUD, NZD CHF & JPY!In this video, we will update Saturday's forecasts mid-week, and look for valid setup for the rest of the week ahead. The following FX markets will be analyzed:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
USDCAD
USDCHF
USDJPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or other wise. In this video, we will update the forecasts for the following FX markets:
USD Is Bullish Short Term. Short The Majors! This is the FOREX outlook for the week of April 28 - May 2nd.
In this video, we will analyze the following FX markets:
USD Index
EUR
GBP
AUD
NZD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD Index is heading up towards a bearish FVG. The EURUSD, GBPUSD, and the other Major pairs will be pulled down by this price action .... until the USD hits it's POI. Then things will get interesting!
Take advantage of the USD push higher!
Remember, NFP is Friday! Be careful of wonky price action on Thursday and Friday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast: Wait for Buys vs USD!This is the FOREX outlook for the week of April 14-18th.
In this video, we will analyze the following FX markets:
USD Index
EUR
GBP
AUD
NZD
CAD
CHF
JPY
The USD is still overall bearish... but is due for a correction. Short term bullishness in the USD is what I am monitoring this week, then aa resumption of it's bearish trend. This will provide
buying opportunities in xxxUSD pairs, and selling opportunities in USDxxx pairs.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast: Buy EUR, GBP, AUD, NZD vs USDThis is an outlook for the week of April 7 - 11th.
In this video, we will analyze the following FX markets:
USD Index
EUR
GBP
AUD
NZD
CAD
CHF
JPY
Wait for the market to tip its hand! Monday is a no red folder news day. Great time to let the markets settle on a direction.
Trading a market after a huge push in one direction can be tricky. There is likely to be a pullback before continuing the overall trend. Bear this in mind with the USD.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast Mar 17-21: Buy EUR, GBP, AUD, NZD vs USD!This is an outlook for the week of March 17-21st.
In this video, we will analyze the following FX markets:
USD Index
EUR
GBP
AUD
NZD
The USD Index is entering a Daily +FVG, which is nested in a Weekly +FVG. This is a bearish indication for the USD, which is a potential bullish situation for EURUSD, GBPUSD, AUDUSD and NZDUSD. This will be potentially bearish for the USDCAD, USDCHF, and USDJPY. Wait for the market structure shift going in the direction of your TP, and enter on the pullback.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast March 17-21: Wait to Sell USD, Buy Majors!This is an outlook for the week of Feb 17-21st.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The structure on the majors is simple and obvious. USD looks to move higher in the short term, into a bearish FVG, and then continue its bearish ways. The EUR, GBP will take advantage and move higher. The AUD and NZD are in consolidation, so waiting for a breakout is the best course of action. The CHF should outperform thee USD.
Be mindful there is a lot of red folder news items coming up for the week ahead, to include FOMC on Wednesday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
FOREX Forecast UPDATES! Monday Mar 3rdIn this video, we will update Sunday's forecasts for the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.In this video, we will update the forecasts for the following FX markets:
Weekly FOREX Forecast Mar 3-7th: USD EUR GBP AUD NZD CAD CHF JPYThis is an FOREX major pairs outlook for the week of Mar 3-7th.
In this video, we will analyze the following futures markets:
USD Index*
EUR
GBP
AUD
NZD
CAD
CHF
JPY
The USD took a bullish turn at the end of last week. It's currency counterparts will likely see some downside this week.
The JPY will be the exception. It tends to out perform the USD in uncertain geo-political environments. If there is a flight to safety, the JPY edges out the USD on the list of safe havens. Look for a strengthening Yen to continue to make gains.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast Feb 24-28thThis is an FX FUTURES outlook for the week of Feb 24-28th.
In this video, we will analyze the following futures markets:
USD Index*
EUR
GBP
AUD
NZD
CAD
CHF
JPY
The USD continues its bearish ways this upcoming weak. It's currency counterparts will likely see some upside this week. Especially the JPY.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast Feb 17-21This is an outlook for the week of Feb 17-21st.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD Index ran the previous weekly low Friday, capping off another bearish week. With the USD weakening on mixed fundamental news, its currency counterparts are taking advantage of the opportunity to outperform the USD.
Look for the majors to potentially move higher vs the USD this week.
Be mindful there is a lot of red folder news items coming up for the week ahead, to include FOMC on Wednesday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast Feb 10-14thThis is an outlook for the week of Feb 10-14th
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
*JPY, USDJPY
The USD Index has reacted to Weekly Supply, and we saw an attempt on Monday to make a new high fail. This was after Trump announced tariffs and all. The swing failure resulted in the market slowly turning bearish. This would mean that the other currencies can potentially find higher pricing.
As we wait for a definitive break of market structure in the currencies to the upside, selling the USD vs its currency counterparts may be the way to go this week.
The JPY may be the exception, as it continues to underperform.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
FOREX Forecast UPDATES! Wednesday, Feb 5thIn this video, we will update the forecasts for the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD Index is now reacting to the Weekly Supply Zone, turning over. There was a bearish MSS, so sells are valid. A BOS would confirm the bearish trend starting, but we need to see how the price action plays out over the next two days.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.In this video, we will update the forecasts for the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD Index is now reacting to the Weekly Supply Zone, turning over. There was a bearish MSS, so sells are valid. A BOS would confirm the bearish trend starting, but we need to see how the price action plays out over the next two days.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
FOREX Forecast UPDATES! Jan 15, WednesdayIn this video, we will update the forecasts for the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is still strong, so no reason to sell in the near term. With price at Monthly and Weekly Supply levels, we have to proceed with caution in the near term. The bias is still bullish until the market gives us a HTF bearish break of structure.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast Jan 6, 2025This is an outlook for the week of Jan 6-10th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is still strong, so no reason to sell in the near term. But price is at W supply, so there is potential for a pullback to start at any time.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly Forex Forecast Nov. 25th: NZDUSD Potential Trade of Week!NZD \ NZDUSD may turn out to be the best setup of the week. Tuesday 8pm EST is the RBNZ Rate Statement. Best to look for setups after that news. But if the current trends hold, I will be looking for sell setups, as the currency has been week for an extended period of time.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly FOREX Forecast: BUY USD vs EUR GBP AUD NZD CAD CHf JPYThis is an outlook for the week of Nov 11-15th.
In this video, we will analyze the following FX markets: EUR, GBP, AUD, NZD, CAD, CHF and JPY.
The USD is strong and showing no signs of weakness. But price is at the highs, so there is potential for a pullback to start at any time.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NZD Approaches Key Supply Zone: A Potential Short OpportunityThe New Zealand dollar is approaching a critical supply area that has captured our attention, signaling a potential opportunity to set up a short position. This zone is key, and we are closely monitoring for a possible test of this area to confirm our bearish setup. However, it's important to note that the price may reverse before reaching this point of interest, as other correlated currencies against the U.S. Dollar (DXY) have already begun to show signs of reversal.
This correlation between the New Zealand dollar and other currencies in relation to the U.S. Dollar strengthens the likelihood of a potential downturn before our targeted area is tested. As the DXY starts to gain momentum, the pressure on the New Zealand dollar could increase, leading to an earlier-than-expected reversal.
Given these market dynamics, we are prepared to act quickly should the price show signs of turning before reaching our anticipated level. This situation highlights the importance of flexibility and vigilance in our trading strategy, as the interplay between correlated currencies can often signal shifts in market direction.
✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NEW ZELAND DOLLAR FUTURES (6N1!), H4 Potential for Bearish DropType : Bearish Drop
Resistance :0.61615
Pivot: 0.60565
Support : 0.60050
Preferred Case: On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is.
Alternative scenario: Alternatively, price could rise to 1st resistance at 0.61615, where the 23.6% fibonacci retracement and previous swing low is.
Fundamentals: the Monetary Base y/y is out today, showing -2.4%, which is lower than forecasted and previous data.
NZD/USD push ?Hi everyone.
Here is my analysis on the new zealand dollar.
A very nice movement to take.
The 1st level would be to get the trendline (0.5900)
If break watch out for 0.5955 then direction 0.6060.
BE CAREFUL if it goes below 0.5840 we continue the descent 0.5800 then 0.5600
Comment & like my analys.
Follow me too :)