Daily outlook - NZD/USD surges on fundamentals In line with expectations, the currency exchange rate managed to restore lost positions and reached the 0.7279 mark. Basically, the pair had a chance to make a rebound from the 100-hour SMA and continue to move downwards in accordance with the general market sentiment, which is 58% bearish. However,...
Long EURNZD the euro crosses are all down a little at the moment and this one offers some potential, the 3 waves down is not as clear as i would like but the NZD has been the weakest currency for a few weeks and the prospect of taking the Euro against it is really interesting. The daily chart is clearly bullish and likely to head to 1.70 inn the remainder of this...
Daily outlook - NZD/USD reaches 0.7292 As it was expected, beginning of the new week the NZD/USD pair spent in a relatively horizontal and steady movement. Namely, the currency rate managed to climb to the 0.7330 level and then made a rebound a started to gradually slide back to the bottom. The first target, namely, the monthly S1 at 0.7294 it has...
NZD/CHF 1H Chart: Channel Up The New Zealand Dollar is trading against the Swiss Franc in a two day long ascending channel. Formation of the pattern represents a rebound of the currency exchange rate from the bottom trend-line of a preceding descending channel. By the moment, the channel consists of four confirmation points, which means that it has...
Daily outlook - NZD/USD tries to reach 0.7310 The rest of the previous trading session the New Zealand Dollar expectedly spent in a gradual advance against the US Dollar, trying to reach the weekly S2 at 0.7310. At the moment, it still has not reached the target even with the help from a release of information on the US CPI. On the other hand, such...
Daily outlook - NZD/USD slips to 0.7310 An early hours of Wednesday’s trading session confirmed that the Kiwi was rapidly depreciating against the buck in a flag pattern. For this reason, the currency rate has expectedly bounced off from the weekly S2 at 0.7310. Most probably, the surge would continue at least until the 0.7348 mark. A number of...
Hello, everyone! KIWI OANDA:NZDUSD is completing the grand bearish Wolfe wave. As soon as the price shows clear signs of reversal after reaching point V, this can become a very interesting opportunity to go short. Good luck and profitable week!
We should wait and see that level breaks and then we can go in, at the moment price will be down and retest that level on the map shown and then we expect to comes up!
All the details are displayed on the chart DO YOUR OWN DUE DILIGENCE BEFORE TAKING THE TRADE.
Obviously waiting for a clear signal before entering, as this is a counter-trend trade and carries a higher level of risk. However there's a big number of correlating factors. *DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. THIS IS NOT A TRADING SIGNAL
I missed an entry at the blue x having forecast the turning point from red w- x but had to cancel before execution when the wave pattern became too confused (see chart from last week) the price is close to the triggger area already having moved quickly in the Asian session. Their is always a risk factor and in this case it is the current dollar strength,...
This is a very optimistic view of the NZD. This assumes the US Dollar continues its run down. I think the TP1 is much more probable in the coming weeks and at a little over +100 pips I am ok with that.
I have decided to enter a short on FX:NZDUSD . Price has hit my import resistance level and it seems to have been rejected. I expect price to decline from here. This trade will need some extreme patience as it was entered on weekly price action. If price does start to decline i will be looking to add further positions and will ride this down as far as possible to...
There was a spike up yesterday, Topped out leaving a long tail behind as today. Lets see for this week closing to confirm a BEAR signal. I personally set a Sell Limit at 7365 and got hitted and running profit right now. Typical stop hunting market to kill seller twice before heading down. Trade Smart & Safe :) Clament
it's better to wait for price action candle signals to go short there is good R/R trading option here. we will follow the trade from now on this chart
All analysis in the charts
NZDUSD Price has shown strong rejection we can see long upper shadows, also yesterday's candle has completed a bearish engulfing pattern.