Trade Idea A bearish Head and Shoulders has formed. Negative overnight flows lead to an expectation of a weaker open this morning. Selling posted in Asia. We look for a re-test of the downward trending resistance. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7325, resulting in improved risk/reward. We look...
NZDUSD is facing a major resistance at the current levels - $0.6430s. The bulls are bracing for a fight with the 100 DMA and the down-slipping trend line that connects recent highers lows. A break of this zone will likely trigger a move above $0.65 cents where the ascending line meets the 200 DMA.
The kiwi is gaining against the loonie as oil prices fall over fears of a demand slump due to continued trade disputes between the US and China. As the New Zealand Dollar rise we might see a turn from 0.8510. In the following fall, 0.8430 and then 0.8400 can be watched.
In this video update, we take a look at the NZDUSD as the price has recent burst through the Monday candle high suggesting we could see a continued move to the upside. Looking at the lower timeframe the key moving averages are lining up in line with a long bias.
The US dollar pushes back against the surprise jump the Kiwi saw after the RBNZ left the rates unchanged at 1.00 percent. The pair price has entered into and continues a correction to that move. A potential acceleration to the fall could take us back to 0.6350 and later 0.6330 where at the lower line of the slightly straight channel where the upwards move started.
AUDNZD sell stop 1.07907 SL 1.0849 TP 1.06739 R= 58.3 pips Si el precio llega a 1.07322, mover SL a 1.0779
Expectations at time of writing, drawn from short-term rate futures, imply an 80% chance that the RBNZ cut of a -25 bps on Wednesday, with the rest of the 20% attributed to a hold. Although inflation has subsided, the softening employment situation and weak business confidence suggest that further easing is warranted, a decline in NZD and an improvement in the...
In today’s #marketinsights video recording, I talk about NZDUSD and USDJPY FX Majors Not only markets expected with 80% chance that RBNZ will cut rates which they never got, but the central bank also said that kiwi is expected to be supported in the medium term by the low exchange and interest rates. USDJPY on the other hand, remained somewhat muted as Trump...
RBNZ Expectations Survey , which featured downgraded official cash rate and inflation estimates, the Kiwi gave a fresh bearish trigger in the Asian trading session. Real interest rate cut for the RBNZ decision this week has been boosted by this report, so it wouldn't be shocking if London session traders were to start positioning by today. Earlier on,...
Based on the weekly double bottom that has been pushing price since around 2016, the market has ultimately predicted the out outcome of Brexit, or any positive or negative news that is to come. If we can stay in tune with the weekly formation, price needs to get up to the next weekly selling zone. FX:GBPNZD side note: I did hedge this position with a sell at...
The New Zealand dollar is being pushed by the UK pound as the pair price is perfectly stalled on the 23.6 percent Fibonacci retracement. As the pound, having found a boost due to Farage's decision not to field candidates against PM Johnson's Conservatives, pushes down, we will follow 2.0215. If the move downwards accelerates 2.0100 near the lower band of the...
BIAS: Short Technical Aspect: Elliott Wave Theory - 5th Wave target is based on Fibonacci Cluster. Macros: If we see a dovish cut tonight from RBNZ, 1% to 0.75%, this should support the Technical Analysis. If RBNZ refuses to commit themselves from easing, we can potentially expect this move on a smaller timeframe.
With yields dropping for Kiwi, worse than expected job data, we also have RBNZ on Wednesday with possible cuts. A close on 4H/Daily above Friday high would signal bullish structure, aiming for October highs 1.77
Nzdusd - Daily chart - Price action suggests further mid-term upside on this pair as price is taking out supply and creating fresh demand zones. Im anticipating price to dip into the daily demand zone highlighted and then reverse back up towards 0.65s...
AUDNZD sell stop 1.08171 SL 1.08549 TP 1.07415 R= 37.8 pips Si el precio llega a 1.07792, mover SL a 1.08096