NZDUSD has broken the bull flag to the upside and performed a retest prior to the NZD ANZ Business Confidence data, which is released by the ANZ and shows the business outlook in New Zealand. Technically the pair has broken the bull flag to the upside and performed a break and retest pattern. We are looking for a push into the 0.7260 level.
NZDJPY has broken the corrective flag pattern to the upside, having found support around the 21.4% fibo level. We anticipate continued upside to the 21.4% extension fibo.
NZDUSD has bounced from resistance prior to the USD Mortgage Applications data, which reveals the number of mortgage applications in the US. Technically the pair has bounced from the resistance, and the RSI has generated a sell signal. We anticipate a small correction in this trend. We will be covering this position quickly.
NZDJPY is trending to the upside today, and there is a strong bullish seasonal tendency in play at the moment. Technically the pair is holding well above the support trendline and price has bounced from the 80.70 support. We anticipate this move to continue into the 82.40 resistance.
Hey Traders, in the coming week we will be monitoring NZDUSD for a selling opportunity around 0.7085 area respecting the strong down trend on Daily frame ( Trend is your friend) in combination with the resistance zone, once i will notice any bearish confirmation the trade will be executed. Remember to use proper risk management and don't risk more than 1% of your...
Currently the price is sitting on the strong support level, I think the price most likely retrace to a strong trend line around 0.893 if the price is still in downtrend direction, if not then it can break the trendline and go through the resistance of 0.900. Good luck
Long position taken because the price started a bullish trend from a daily demand zone and also it broke last week high and a 4H supply zone, so I took a long position. R/R = 1:1.86
Trend Analysis The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup...
AUDNZD is trending to the upside currently after RBNZ's rate decision to hold rates. Technically the pair has broken the bull flag to the upside and the RSI is bullish. We anticipate continued upside to 1.0530.
Long Kiwi for 300 pips. Buying this pair is easy money. Risk- reward is so logical. So, long this and no panic.
CONFLUENCES: - Downward trend - rejection from fib level - breakout from minor support - currently running on Break Even
NZDUSD has bounced from trendline support prior to the USD 3 Month Bill Auction, which reveals the yields on the US Government backed security. Technically the pair has bounced from the trendline and the RSI has turned positive, and we are seeing USD weakness so far this week.
NZDUSD is trending to the downside today prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair has broken to the downside of the support trendline, and has bow formed a resistance trendline.
EURNZD is trending to the upside prior to the NZD Westpac Consumer Survey data, which usually is based on a survey during which respondents rate their opinion on different issues concerning current and future economic conditions. Technically the pair is grinding to the upside, but is lagging behind gains made on EURAUD. We anticipate the pair to make gains and...
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after such impulse i believe that we can go lower; at least to the level marked on the chart
NZDUSD is trending to the downside currently, having broken below the key support zone following disappointing NZD Business PMI data, which presents business conditions in New Zealand. The Business PMI is an important indicator of the overall economic condition. A result that values above 50 signals appreciates (or is bullish) for the NZD, whereas a result that...