The New Zealand dollar is the official currency of New Zealand and some of its surrounding territories. It is one the of the ten most traded currencies in the world with favorable interest rate differentials helping to make if a poplar currency among Forex traders. The New Zealand dollar is commonly referred to as the “kiwi” after the bird which is often associated with New Zealand and appears on the $1 coin.
This area looks to now be holding as a resistance level, this is after the price had previously broke it as a level of support. The price has just recently moved inside the zone and seems to have broken out the bottom, this could possibly be a break. The best idea at this moment would be to watch the market until a stronger signal can be spotted. The RSI is...
After the very big long trade from the previous analysis, think a short scalp might be worth it here. Looks like a double top in the making now, also because it went up in a straight line, so a decent correction becomes more likely now as well. Only danger i see now is, that it becomes a triangle. If you see a slow drop staying above the triangle support, you can...
The pair is trading on a nearly year long bearish Head and Shoulders pattern on 1W, ranging (RSI = 51.063, STOCH = 51.102, MACD = -0.011) since last November within the neckline of the right Shoulder. The Highs and Lows within the neckline show that there is still upside potential before another bearish leg towards 1.63000. Medium term swing trades may find it...
1. the turn back from resistance channel and breakdown the wedge could make
double top referenced by divergence on MACD and RSI.
2.if we get a close over resistance channel we can long to complete the circle
and inverted head and shoulders.
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history...
Time to take profit and not wait for the exact end of it. Always okay to leave a small part, like 20/30% with a tight trail stop (something i usually do), with a target around that yellow circle. Now its time for the second part of this long term play. I will probably not touch if for a few weeks now and want to see it follow that blue line on the left. There i...
In an attempt to follow market conditions and upcoming news, I've been taking long positions after price hit a major support area. After news is released I assume amateurs are going to push prices lower for a retrace within my box. Trade within the wick and hold until content or just before NFP.
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
By Andria Pichidi - April 18, 2019
The risk-on vibe in global stock markets was boosted by a strong set of data out of China this week and strong Labor data out of Australia overnight, which gave buoyancy to the Australian and Canadian Dollars. However, as Aussie outperforms, the sub-forecast CPI data out of New Zealand yesterday have underpinned the New Zealand...
The Tidal Shift Strategy has just bought NZDUSD at 0.67431. The system recommends entering this trade at any price between 0.67272 and 0.67589. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.29935, which suggests that the NZDUSD could be trending upwards.The 14-period...
NZDUSD is approaching our first resistance at 0.6742 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 0.6678 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6785.
TP4: R2=0.68.
Set the stoploss of these orders at breakout of S2=0.6715.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
This past week there was a news release from New Zealand, stating that the cash rate will remain the same for the next quarter. What was also mentioned was instability in the Euro and Australian Dollar. Fundamentally, this gives us a bearish consensus.
But I don't use fundamental analysis, it's just a good reference for me to understand the influence on the...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
