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Kiwi

“Kiwi” shows the dollar how to respond to rate cutsYesterday, several influencing decisions on easing monetary policy from the “echelon” were coming out of the Central Banks. In particular, New Zealand’s central bank cut interest rates a steep 50 basis points. The Reserve Bank of India also cut the rate by 0.35%, as well as the Bank of Thailand by 0.25%. As a result, The New Zealand Dollar has been depreciating in a descending channel pattern against the US Dollar (3%). That is, the New Zealand dollar shows American how to respond to monetary easing. In this light, it would be useful to recall that the US dollar, by and large, ignored the Fed rate cut last week. That is, it continues to develop the potential for a downward movement. So, its sales continue to be relevant and perspective in terms of earnings. Moreover, after the devaluation of the renminbi, Trump’s desire to devalue the dollar increased even more. According to Viraj Patel an ING strategist, the United States might conduct direct foreign exchange intervention by selling dollars from the Exchange Rate Stabilization Fund (ESF). And this is not the only option. The Fed may make currency interventions or may be the Ministry of Finance or both bodies at the same time, as it usually happened before. As for gold, the current mood is clearly on the buyers' side, as well as the general fundamental background (the next round of monetary easing by leading central banks). Also, the Central Bank of China is actively increasing physical gold purchases, creating additional demand for the asset in the market. Nevertheless, in our opinion, gold is too overbought and for now, we will refrain from buying it in the movement direction. Now, if we make purchases, then from extreme daily lows, but in general we begin to prepare for a correction and early gold sales. Today is not rich in important macroeconomic statistics, so there is every chance of continuing the development of current trends. As for our recommendations, we will continue to sell the dollar on almost the entire spectrum of the foreign exchange market. Pound purchases are still interesting to us in the long term, as are sales of the Russian ruble and oil.
Long
by Trade24Fx
Further Kiwi Weakness? NZD/USD Ichimoku Sell This one is a little smaller move than I typically go for, but the risk to reward is pretty solid if we get the entry I'm looking for. I am looking for a good rejection candle at tenken sen for a short term sell. I've drawn out partial take profit levels on the way to my main target. We'll have to be watching this pretty closely at the open as price may react pretty fast. If we fail to hold at tenken sen, then my focus will switch to looking for a rejection at kijun sen to the same targets. If either of these scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader
Pound's no-deal lossesThe UK pound continue to bleed against most currencies, including the NZ dollar. Monday's drop has been one of the steepest in the past several months. The fall is likely to go on until perhaps the new British PM Johnson or his cabinet ministers soften up their approach to a no-deal Brexit scenario. Under the current circumstance though, the pair price is heading down for the lower band of the descending channel, well below the 20 MA. 1.8440 seems to be the target for the rest of the day, and still below we will be following 1.8370, near the lower band.
Short
by LimitMarkets
NZDUSD POTENTIAL LONG (JUST SEEING THIS) 1D CHARTNZDUSD POTENTIAL LONG OKAY SO I HAD A NZDUSD POTENTIAL SHORT POST THAT I POSTED ABOUT A WEEK AGO. THAT TRADE WAS NEVER ACTIVATED DUE TO THE FACT PRICE ENDED UP MAKING A IMPULSE MOVE OR POWER MOVE RATHER THAN A PULLBACK. AFTER LOOKING AT THE CHART IT SHOWED ME THAT IT HAD ACTUALLY BROKEN PREVIOUS HIGH IN THE MARKET AFTER A HIGHER LOW WAS FORMED AND CONTINUED TO THE UPSIDE. AFTER SEEING THIS IT HAD INDICATED TO ME THAT THIS COULD BE A GOOD POSSIBLE LONG OPPORTUNITY WITH DECENT RISK/REWARD. KEEP AN EYE OUT ON PRICE ACTION AND WATCH AND SEE HOW BUYERS REACT AT THIS POINT IN TIME OF STRUCTURE. IF WE DO GET A DEEPER PULLBACK THEN LOOK AT THE .66500 AREA, NZDUSD ON THIS UP MOVE HAS HAD DEEPER PULLBACKS. KEEP AN EYE ON THIS PAIR AND LOOK FOR THE RIGHT BUYER MOMENTUM NEEDED THAT MAKES IT CLEAR THEY ARE VERY INTERESTED IN BUYING THIS PAIR. ONCE WE SEE THAT THEN LOOK FOR GOOD RISK/REWARD RATIO FOR POTENTIAL TRADE SETUP. LETS KEEP AN EYE OUT AND SEE HOW THIS GOES FROM HERE ! CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE ANALYSIS AND SETUPS!
Long
by JosePips
2
EURNZD - Head and Shoulders top, Selling strength.DAY TRADE - EXPIRES AT 9PM Trade Idea A bearish Head and Shoulders has formed. A break of the neckline is required to confirm the formation. The measured move target is 1.6300. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6700, resulting in improved risk/reward. We look to Sell at 1.6700 Stop: 1.6750 Target 1: 1.6515 Target 2: 1.6450
Short
by Signal_Centre
NZDJPY - Approaching 61.8% Fibonacci retracement levelDAY TRADE - EXPIRES AT 9PM Trade Idea A bullish reverse Head and Shoulders has formed. Bespoke support is located at 72.25. Positive overnight flows lead to an expectation of a firm open this morning. Dips continue to attract buyers. Further upside is expected although we prefer to set longs at our bespoke support levels at 72.25, resulting in improved risk/reward. We look to Buy at 72.25 Stop: 71.95 Trget 1: 73.15 Target 2: 73.55
Long
by Signal_Centre
Ascending Channel+H&S Pattern In Favor Of EURNZD Bears! Have a look at the main weekly TF chart of EURNZD pair. From here its clearly visible that the price is confined in an ascending channel which has been held on numerous occasions. However at the moment the price seems to be too aggressive to the downside and has potentially violated the channel pending today's weekly candle close! The four horizontal red lines represent solid support and resistance levels taken from the monthly TF. Just below the trendline there lies a psychological 1.65000 support level , which in this case is a must to be broken level in order to confirm a bearish outlook. For this level to be broken i would personally prefer the monthly candle to close below 1.65000 level . Furthermore, there is an almost complete H & S pattern on the chart , which would be complete when the trendline/channel breaks together with the 1.65000 level. In this case the potential 1.65000 turned resistance would also act as the neckline of the H & S . So to put all this together in favor of the bears there 3 concrete confluence factors to take this pair towards the next support that is present at 1.58000! Fundamentally the Euro is weak at the moment and is predicted to get weak in the coming months, whereas the NZD shows a mixed outlook. So putting all this together the probability of this pair breaking down is HIGH. Shall there be any updates regarding the trade entries i will post them in a new post. This just represents my outlook on this current pair
Short
by FX618Analysis