A monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY) A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6014 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.6050 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit...
The Reserve Bank of New Zealand kept rates at 5.5% last week, but adopted a softer tone compared to the hawkish messaging of the previous meeting, raising chances of a rate cut this year. Today’s soft inflation data help towards such action, since CPI eased to 3.3% in Q2 and the lowest in three years. Despite these prospects, NZD/USD contains its fall and...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6105 which is a multi-swing-high resistance. Stop loss is at 0.6145 which is a level that lies above a pullback resistance and the 78.6% Fibonacci retracement level. Take profit is at 0.6054 which is a swing-low support. ...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6098 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6059 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level. Take profit is...
The Dollar index is hitting a major resistance and losing the battle. This pair is forming an inverse HS and will try for third time in tow weeks to break out the upper vertex. I'm not sure if is goin to do it this time but price is sitting om 0.61 support zone. SL triggers if a weekly candle closes below the support.
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6144 which is a pullback resistance that aligns with the 161.8% Fibonacci extension level. Stop loss is at 0.6170 which is a level that sits above the 61.8% Fibonacci retracement level. Take profit is at 0.6098 which is a...
The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.6037 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 0.5984 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit...
The Kiwi (NZD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6131 which is an overlap resistance. Stop loss is at 0.6158 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 0.6059 which is a swing-low support. High Risk...
NZDUSD – technical overview Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
The Kiwi (NZD/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.6100 which is a multi-swing-low support. Stop loss is at 0.6072 which is a level that lies underneath a pullback support. Take profit is at 0.6144 which is a pullback resistance that aligns with the 38.2% Fibonacci...
Hello Traders, In today's trading session, we are keeping a close watch on NZDCAD for a promising buying opportunity around the 0.83900 level. After experiencing a prolonged downtrend, NZDCAD has successfully broken out and is currently in a correction phase. This correction is bringing the pair closer to a critical support and resistance zone at 0.83900, making...
Trade of trades, I opened a position on Friday, but you're still on time. I'm warning you, you need to be very patient for this and have a unique personality. I'll try to handle it, I already put in my mind that it could take weeks until the break out and no matter what happens I'm holding. I recommend to open a small position and add at every drop or whenever you...
NZDUSD – Technical Overview The overall pressure remains on the downside, with the market stalling on attempts to move up into the 0.6500 area. However, there are indications that the market may be attempting to establish a longer-term base. To alleviate medium-term downward pressure and support this prospect, a break back above 0.6500 is necessary. A monthly...
New Zealand dollar (NZD) is declining against the US dollar (USD) since the end of last week when the US dollar surged following strong and unexpected jobs data, despite the US unemployment rate rising to 4%. Analyzing the updated wave structure, we observe that the price is trading outside of the upward channel, indicating that a correction is taking place. This...
The Kiwi (NZD/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.6101 which is a pullback support. Stop loss is at 0.6072 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 0.6167 which is an overlap resistance. High Risk...