The NZDUSD has created a descending wedge signalling a potential reversal.
There is a bullish divergence on the RSI signalling upside.
The USD Index has also reached a sell zone - Check DXY Index
The RBNZ held interest rates steady which could provide strength back into the NZD.
We will look to buy from the double bottom (check weekly charts)...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hi traders, you may have noticed our EUR/NZD idea from a few days ago. I am glad to say that we took the trade which is now in significant profit.
The triple bottom / fake breakout pattern showed to hold, pushing the price lower almost 200 pips. The apparent economic slowdown in the Eurozone didn't help either to stop the fall.
Notice the triple bearish...
Have a look at the above link for the complete analysis behind this trade execution
TRADE ENTRY: GO SHORT 67.000 LEVEL OR ABOVE
TRADE TYPE: SWING TRADE (SHORT)
STOP LOSS: 71.1000
TAKE PROFIT: 63.000
SHALL THERE BE ANY UPDATES I SHALL PROVIDE THEM IN THIS THREAD. Cheers
The AUDNZD had been in a bullish trend since price bounced off at 1.0280 on 6th August 2019. That bullish move day followed by a massive price expansion the vary next day (230 pips!) thanks to RBNZ cutting their rates from 1.25% to 1.00%. NZD had been in a massive sell off across the board since then. Retail sentiment on NZD however, remains bullish NZD. Indeed,...
Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies.
Looking at the main chart, there is a nice descending channel...
- Good risk-off opportunity as NZDUSD pullback after larger-than-expected rate cut by RBNZ
- Kiwi to be pressured by trade war
- In contrast to the RBNZ, the Fed was not as dovish as expected
This week we saw the RBNZ delivering a 0.5% rate cut, 0.25% more than what the market had estimated, and said that rates might go into negative territory. The kiwi plunged...
Thanks for viewing,
After last weeks unexpectedly deep 50 basis point cut by the RBNZ the NZD has lost ground against USD www.ft.com. Against a back-drop of a very bullish gold/USD price this has resulted in gold breaking its 2011 all time high.
I get the feeling that the a new monetary easing policy (QE4?) is...
With global equities continuing to be supported by favorable liquidity conditions and little else, it was really just a matter of time before risk assets came under more pressure. The biggest red flag was flying in the bonds market, where global bonds have continued to rally sending yields sharply lower. Equities rallying strong along with bonds is not...
The RBNZ cut interest rates by 50bps as they weigh up global risks. This did come as a slight
shock to the market as we were forecast to see just a 25bps rate cut. The market saw this
as a negative and pushed NZDUSD prices through the key lows. We expect to see further
downside here in this market and will look for short opportunities on retracements.
Kiwi is down sharply, corresponding with a big
rally in New Zealand bonds. RBNZ surprised
markets with a 50 bp rate cut that was larger
than expected. Cited headwinds from slowing
global growth, and Governor Orr said rate cut did not rule out further action.
We expect Kiwi to fall further, so selling
near pullback levels is our strategy.
With RBNZ interest rate decision coming close (August 6/7) ,
We should be expecting tons of volatility in NZD pairs.
What we already know:
NZD is likely to cut rates given the fact that a sell off had already happened. The effects are already priced in.
The interest rate however, is going to have some...
Analysts at Westpac are recommending to sell NZD/USD pair at 0.6705 levels for the target price of 0.6500, while maintaining trailing a stop loss of 0.6800.
We expect RBNZ to cut OCR by 25bp to 1.25% on 7 August, and signal potential for more. We expect a follow-up cut in November to 1.0%, with a risk this is delivered in September, and...
Under pressure from remarks regarding an unconventional policy by the RBNZ, kiwi is being pushed down by the Loonie, as the latter finds support from the tensions surrounding oil trade routes in the Middle East. Pricing has already tested 0.8815 level. If the fall breaks that line, 0.8800 near the 38.2 percent Fibonacci retracement will be followed.
The New Zealand dollar is facing losses for a third day in a row now as the Reserve Bank of New Zealand revealed that it was looking at an "unconventional monetary policy strategy." Pricing in the pair reached 0.6595 corresponding to the 50 percent Fibonacci level. If the drop goes on 0.6585 will be watched. Further down, 0.6580 can be targeted. In the case of...
NZD may be reversing. It's early days yet
but the Bird fell after Bloomberg reported
that the RBNZ is looking to refresh their
unconventional policy strategy.
“This year the Reserve Bank has begun scoping
a project to refresh our unconventional
monetary policy strategy and implementation.
This is at a very early stage,” the RBNZ said in
response to an Official...
Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely...