Hi everyone this is my trade set up for the NZD/USD for the new week ahead NZD/USD is about to change to a bullish bias for me, so i am expecting a pullback to the order block zone and will be looking for a buy trade look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with...
We expect this to be the trade of the week as well as GBP/NZD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and bring forth they rate hike projections. We expect the CAD to be pressured as the oil prices are expected to drop...
Our fundamental outlook on this pair is bullish. The RBNZ if the first bank to hike rates and NZD is a pro-cyclical currency so a positive global economic outlook is supportive for the currency. the BOJ is not planning on raising rates and the rising oil prices is pressuring japan since its one of the huge importers of oil.
After having a positive Employment print on the NZD we expect a strong demand for NZD to push the NZD/JPY pair to complete wave 5.
The RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the...
Bullish Indicators: Support zone 0.71340 Bearish Indicators: Resistance zone 0.72183 Plan A: On the breaking of support zone at 0.71340 one can take short position for the target of 0.70818 and 0.69975 Plan B: One can take long position on the breaking of resistance zone for the target of 0.72700 and 0.73000
The Breakout over 0.73 is not yet confirmed by a daily close - but if/when it does - it could set up a new yearly high and test of the 0.75 handle.
NZDUSD Long May/ June 2021. Expecting dollar weakness until June 4th as a minimum 50 Pips SL. 1% risk.
Long position NZDUSD above 0.7197, targets at 0.7258-0.7275, extended target 0.7297
SELL AUDNZD at the current price level on the daily chart with a 1:1 risk to reward ratio to add some room for movement. Target as shown.
NZDJPY looks like its moving upwards and is a nice long trade. Targets as shown.
BUY NZDCAD. NZDCAD looks like its making its way upwards after crossing and closure of price above the moving average. Targets as shown.
GBPNZD looks like its about to reverse into a downwards trend. It tested the moving averages with a nice potential rejection heading south. A reasonable risk to reward ratio was placed taking into consideration that there is room for a third retest.
I will go long on NZDJPY because it just bounced on the support zone. It is safe now to go long on NZDJPY. This is the best time to buy NZDJPY for next week bullish move. I think it will go up next week. Trade At Your Own Risk ;)
I personally think this pair stuck within an indecision zone, trapped between two key structure zones that are marked. I will be waiting patiently to see a breakout from here as illustrated, until then I will be avoiding this pair.
Wait for the wave forms and buy in the circle