NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ New Zealand’s Zero Covid strategy caused quite the rigmarole for the NZD before the RBNZ’s last meeting as market participants were forced to unwind aggressive expectations for rate hikes going into the meeting. The unwind was so aggressive that OIS prices dropped from a 100% chance of...
H1 time frame. Structure: Downtrend. After a strong move down to create a new bottom forming a downtrend, the price of NZDCHF is showing signs of retesting the previous support at 0.64500. Wait for another retest to this price, then you can look for selling opportunities. The profit target is the 0.63700 and 0.62400...
✅GBP_NZD is retesting a strong resistance And Given that I am bearish biased on the pair I am expecting a move down After the retest and a bearish continnuation Towards the support below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
✅NZD_USD is making a pullback from the falling resistance Just as I predicted in my previous analysis on NZD_USD And the pair seems to be in the free-fall But the strong horizontal support is nearby And I am expecting a rebound from the level With the target that you can see on the chart LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-NZD is trading below a strong horizontal resistance While forming a big bear wedge pattern And the wedge resistance line is creating A nice resistance cluster above The pair looks to be set to retest this cluster And after it happens I think we will see a bearish reaction And the move down towards the target Sell! Like, comment and...
NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ New Zealand’s Zero Covid strategy caused quite the rigmarole for the NZD this week as market participants were forced to unwind some of their very aggressive expectations for rate hikes going into the meeting. The unwind was so aggressive that OIS prices dropped from a 100% chance of a...
Hello,Traders! NZD-CHF broke out of the falling wedge And made a bullish move just as i predicted Now, the pair is retesting the broken falling resistance That became a falling support line And I think that there is good chance For us to see a rebound from the level Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ New Zealand’s Zero Covid strategy caused quite the rigmarole for the NZD this week as market participants were forced to unwind some of their very aggressive expectations for rate hikes going into the meeting. The unwind was so aggressive that OIS prices dropped from a 100% chance of a...
NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ New Zealand’s Zero Covid strategy caused quite the rigmarole for the NZD this week as market participants were forced to unwind some of their very aggressive expectations for rate hikes going into the meeting. The unwind was so aggressive that OIS prices dropped from a 100% chance of a...
✅GBP_NZD broke out of the massive Ascending narrowing wedge pattern And after a good bearish move The pair might make a local rebound However, I am bearish biased long term And I think that the pair will keep falling SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-NZD bounced off the support below And now the pair is retesting a local resistance From where I am expecting a bearish reaction And a move down Towards the target on the chart Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
✅EUR_NZD is falling sharply But the pair will soon retest a horizontal support And as I’ve got a mixed bias on the pair I think that we might see a local bullish reaction With the target on the chart LONG🚀 ✅Like and subscribe to never miss a new idea!✅
GBPNZD was trading in a bullish trend from the beginning of the year. The price was steadily growing within a rising parallel channel. Reaching 2.03 level a strong bearish wave initiated. The price broke a rising channel to the downside violating a bullish trend. Now the expanding area between 1.935 level (last higher low) and broken support of the channel...
Hello,Traders! NZD-USD is trading below a strong falling resistance And the pair is headed to retest a resistance cluster Of the falling and horizontal resistance levels From where I think we will see a pullback And a move down towards the recent lows Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! GBP-NZD broke out of the rising channel And fell just as I predicted Then the pair formed a bear flag Under the horizontal resistance level And now we are seeing a bearish breakout Of the said flag, which confirms our bearish bias And make me expect bearish continuation With the target of retesting the horizontal support below Sell! Like,...
Hello,Traders! NZD-CHF fell to retest the broken falling resistance Which now acts as a support line And I am expecting the pair to rebound and move up To retest the broken horizontal level above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
✅NZD_CHF is trading in a similar way as the EUR_CHF However, the uncertainty present in the latter Is absent in the former one, and a short form resistance Looks natural with the target being slightly below The previous low of the breakout movement SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
NZD FUNDAMENTAL BIAS: BULLISH 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the NZD enjoyed upside alongside other cyclical assets going into...