Im holding AUD/NZD short after breaking the bullish trendline from mid-March. After the break we saw a minor re-test followed by a close over the 50 EMA. Price moved to the downside before retracing to the 50 EMA and rejecting the 50.00%. I entered this trade at 1.01992 and will be keeping an eye on with the aim to hit the -27.00%, SL moved to entry so this trade...
Whats up Traders You can draw this a lot of ways, with a little of shapes. . . but Bottom Line - US Dollar is on the rise . GeoPolitical Reasons primarily. Pre Economic Slow Down and Pandemic, the Aussie Dollar was being gutted. Post Economic Slow Down and Pandemic, I expect it will continue. Target the high .40's This is one of those Asymetric risk...
The New Zealand Dollar has slumped to touch the lowest level in almost eleven years against its USD. VENUS LIVE LEVELS INDICATOR SIGNALLING MORE SHORT
AUDNZD sell stop 1.0386 SL 1.04801 TP 1.01975 R= 94.1 pips Si el precio llega a 1.02918, mover SL a 1.03676
RBA is less likely to provide further support to the Aussie dollar and expect any AUD weakness to be mostly channeled through a lower AUD/NZD, where the monetary policy differential may be more evident (given a neutral RBNZ). Market participants in this cross-currency seem to price in ahead of the meeting where we can see a strong bearish pressure for now in the...
OANDA:NZDCHF --------Broken the four year low and falling.See how the price reacting in black dotted lines for reversal.Else it will fall again. Happy trading, Tamilkumar
AUDNZD sell stop 1.03864 SL 1.04801 TP 1.01987 R= 93.7 pips Si el precio llega a 1.02926, mover SL a 1.03677
This is the trade setup for this pair: NZDUSD Buy at 0.6187 Stop Loss at 0.61213 Target at 0.63200 Good luck
I am looking and yet another drawback setup. The kiwi is in the middle of a drawback currently and I am watching to see if we get a push all the way back up to our flat kijun sen level. If we do, I'll look for a rejection to sell back down to our previous price structure lows. I've drawn my stop loss above the wick that I believe would disprove this setup...
The Reserve Bank of New Zealand will likely give the Kiwi a boost of volatility in the upcoming Asia session with its latest statement on monetary policy. Expectations are for no change this month as recent economic data has been net positive, and as they wait to see the full extent of damage the COVID-19 is set to do to the world economy. The scenario to watch...
On the NZ side a superb round of employment data for Q419 which is overshooting market expectations clashing with global USD strengthening via commodity currency softening. For the 2020 diagram the outlook is crystal clear although the immediate picture is slightly more blurred with Chinese growth concerns spilling over to weigh on NZD. The RBNZ are on hold...
As mentioned before, we are looking for sell setups only. There is a nice sell setup here at least to the line. Watch it when we reach to the line, if it breaks and makes a flag, we can sell again and if bounces back, it would go a pullback (up) or possibly a continuation of the strong up move. Both scenarios have shown on the chart. Trade with care and stay...
Global growth outlook concerns continue to be the topic of discussion at the RBNZ as to the level of impact on NZ exports despite positive underlying fundamentals. Our view - Solid underlying fundamentals including, GDP/Inflation ticking higher, exports steadily increasing over the financial year and trade balance surplus - Households remain optimistic as...