NZDUSD has surged to the upside due to RBNZ being more hawkish, however volume has subsided and I expect a short back to .72000 1. The previous times the kiwi has risen due to RBNZ a few days later it dropped back below where it rose from. (looking for a repeat) 2. Sell volume has been increasing 3. Kiwi is still range bound and with USD gaining strength - kiwi...
After the hawkish RBNZ overnight the kiwi has pushed back to the ~$0.73 level which has been key resistance in 2021 (a false breakout above in Feb). Median line in pitchfork slightly above. Break or reverse?
NZD is in key area, last candle in this chart as you can see closed below the 200 SMA. MACD signal and the cross of SMA-50 and SMA-100 with the formation of of head and shoulders, could be strong indicator for this pair to tumble well below the level of 0.71750. Fundamentals with the FED "talking about talking about tapering" with the U.S PMI flash came positive...
Good morning ladies & gents, We have a nice setup going long for 1:3. People within the mentorship program have already got an entry below at 1.68000 with the same take profit. Price has retraced in NY Open to provide us with a second entry, neat! RR 1:3
#NZDUSD (Update) Expanding Rising WEDGE Formation in 8h timeframe. If KIWI Remains Above the Trendline, Expecting +200 pips Bullish Wave 📈 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
EURNZD has ran into a topside resistance, we are looking for a break of the 1.6780 level for downside into the support at 1.6656.
Hello traders! Today we will talk about the Kiwi (NZDUSD) its price action from technical point of view and wave structure from Elliott Wave perspective. NZDUSD is turning higher with impulsive price action, out of a downward corrective channel, so we assume that correction is finished and that pair can be back in bullish mode, especially because of a five-wave...
Lower slope lined up perfectly with the 50% retrace, 38.2 now acting as resistance
GBPNZD appears to have broken it's recent range along with the downtrend marked above. Price appears to be making a break and retest of the broken range and I expect a continuation back up to the 1.94500 area, a level of noticeable resistance/support as illustrated on the chart. Let's see if a bullish GBP can push price up to our target area.
I was stopped out on the last pattern i posted on this pair and now entered on another pattern. An alternate Bat pattern. In the white ellipses we have where the HSI Arrow printed in an area of extreme reading then PA came down out of reaction and both oscillators made it at least the 50 line respectively, and then did the HSI "Check back" that Scott Carney uses...
depending on witch line it breaks, it will go up or down. have no idea about these country's policies, but i guess that japan needs to sell off the yen to have competitive prices on their electronics and industrial products. on the other side NZ is an economy based on agriculture and tourism, they kind of want a strong dollar. but no idea, since from a tecnical...
The Kiwi Dollar looks strong and it's quite bullish especially for this pair. Although we anticipate this pair to go higher, we'll just look to TP at the target.
1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to see a further gradual improvement in...
Latest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left...
Latest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left...
1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has remained broadly well supported in times of risk-on and as the overall risk outlook and tolerance of the market has improved over recent months. With coronavirus vaccines programs now underway in many countries, we expect the months ahead to see a further gradual improvement in...
Latest developments: March 17 – GDP for Q4 printed at -1.0% Q/Q and -0.9% Y/Y. Commenting on the contraction in economic activity, Capital Economics stated “The modest solid decline in activity in Q4 reflects the fading of pent up demand and means that in New Zealand a second recession is imminent as GDP is bound to decline in Q1.” February 24 – The RBNZ left...