NZDUSD – technical overview
Overall pressure remains on the downside with the market continuing to stall out on runs up into the 0.6500 area. At the same time, there are some signs of the market wanting to put in a longer-term base. Ultimately, a break back above 0.6500 would be required to take the medium-term pressure off the downside and encourage this...
Successful retest of daily order block - likely reversal to UPSIDE.
According to the latest CFTC COT data hedge funds are the most bullish on NZD (even more so than the AUD) - hedge funds have greatly increased long exposure to NZD.
The New Zealand NZ50G (gross) benchmark index versus some indicative major components: Spark telecoms SPK, Auckland International Airport AIA, and then the electricity generation utilities Meridian MEL, Contact CEN and Mercury MCY along with the NZX Utilities Index G55G - and last, but definitely not the least, is presently the largest New Zealand company Fisher &...
Hi Guys,
This is my first attempt at any real sort of technical analysis. Let me know what I need to change and whether I'm anywhere near being on the right track.
I think that my conclusions are somewhat self-explanatory.
Thanks!
Meridian Energy (MEL, MEZ) vs. peers of CEN Contact, GEN Genesis, MCY Mercury, VCT Vector, TPW Trustpower, IFT Infratil; with market indicators of the NZ50, Australian XAO, NZD/AUD.
Trade at your own risk. I am just sharing this for your own information and I am not licensed to provide financial advice. If you have any input please share it in the comments below, any input would be awesome. Lets try help each other get better at making moolah! :$ :D
Oil bouncing off lows in conjunction with NZ's effective response to Corona Virus and resulting opening of the economy appears to have translated to ZEL. Back above the 50MA and trending in the right direction. To be confirmed by TD Sequential 2 closing above 1.
NZX50 just published a very bearish candle. Gapping to the upside then moving lower in a day.
Possible short opportunity but wait for confirmation.
Price overbought according to indicators.
Am I the only person looking at this chart? There's no other commentary.
Look at this chart and tell me if this looks really dangerous.
The SPX and NZD (NZ50) has correlated tightly since records go back. Looking at this chart, there has been a clear divergence in Nov 15. The SPX500 remains expensive at 25 PE ratio, while the NZD has continued to rocket up,...
