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Kiwi

LOONIE (CANADIAN DOLLAR INDEX) (CXY) DAILY TIMEFRAME SHORTThe Loonie index is currently moving in a downtrend, as shown by the lower highs and lower lows on the daily timeframe. This is also in sync with the commodities markets (crude oil, well and even gold), which have been experiencing bear pressure lately. It is no secret that currencies like the Loonie (Canadian dollar), Aussie (Australian dollar) and the Kiwi (New Zealand dollar) are driven by commodities. The outlook of the commodities market can give us a bias towards these currencies especially if their movements are in harmony. If the index can break above the 75 price level, then we could see a potential bull run. For now, our bias remains bearish with potential targets around the 72 price level.
TVC:CXYShort
by munyaelliott
Kiwi to Fight Back? - Ichimoku NZD/USDThis pair has been on a bearish for a long time and but it has finally made a move up and into the kumo. I am watching for what will probably be another drop and test of support then we can look for a kumo breakout. I am also waiting for the kumo twist to complete as a further sign that the kiwi may finally start to try and claw it's way back from these fresh lows. I've drawn out lots of targets to aim for should this actually get the bullish breakout and entry we're looking for. If we fail to get that move up or if support does not hold, this setup may become invalidated.
Long
by The808Trader
2
Excellent SWING TRADE SHORT opportunity for NZDUSD!Have a look at the main chart, where the pennant on the weekly pattern has been broken!. At the moment both technical and fundamental factors are with this trade setup and the price will likely target the next support that lies at 0.64000 level. The above link leads to the trade setup details on this pair. Please read the related ideas section too on the fundamental analysis behind this trade ENTRY LEVEL: AROUND 0.67500 TAKE PROFIT: 0.64000' STOP LOSS: 0.70000 All in all its an excellent swing trade opportunity with very high probability. shall there be any updates i shall provide them in the attached link above. Please leave a LIKE and Follow me if you would like to receive further analysis and trade setups. cheers and thanks
Short
by FX618Analysis
NZDCHF Aiming To Hit 0.63500 Level!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 hit the next support that lies at 0.63500 level. I am already SHORT on the NZDUSD and i will not risk taking this trade for another SHORT as they are both heavily correlated! Nonetheless its a very good trade and overall we are likely to see NZD and AUD both depreciate this year. This just represents my outlook on this pair. shall i close the NZDUSD active trade early this pair would be my go to pair in the future. i will update the trade details if the criteria meets. cheers
Short
by FX618Analysis
NZDCAD Awaits Triangle Breakout Momentum To Start Trending!The main chart shows the monthly TF of NZDCAD pair from which it is visible that the pair is confined in a triangle. The red horizontal lines represents the concrete support and resistance levels drawn from the monthly charts. Should the triangle break (the monthly candle closing outside the triangle) we could potentially see the price target those red horizontal levels! My view on this pair is neutral, which means the break to either side is a possibility. The trade war conflict i feel will likely decide the fate of this pair. This just represents the analysis of mine on this pair. shall the trade criteria meet i will post the details in a new post
by FX618Analysis
Euro/Kiwi - Potential Bearish Move Seen!Euro/Kiwi - Prices look like they are getting exhausted at these levels (within the 61.8 and the 76.8 fibos).Prices seem to be within this range since a few days signalling exhaustion of the prevailing uptrend. Overall from a weekly and daily perspective we look in a downtrend and hence after receiving a few more bearish candles and MA crossovers to the downside - i will look into shorting this pair for targets closer to previous blue zones.
Short
by Akshath1994
NZDJPY Likely To Drop Towards 69.000 IF the Support Breaks Looking at the chart, the monthly TF gives an overall technical perspective to where this pair might be headed. the three green lines are concrete support and resistance levels traced from the monthly charts. Shall the current or future candle (Monthly candle) close below the 73.000 level (green line support) we can confirm that the triangle has been breached and the price would likely fall towards 69.000 level thereafter. Fundamentally, the NZD is expected to loose most of its value this year as the economy is not doing too well plus the currency is highly overvalued against the USD too. This just represents my outlook on this pair and its not a trade signal. shall the criteria meet i will post the trade details in a new post. Cheers
Short
by FX618Analysis
NZD: Waiting for a directional sign?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 Dollar, and sent NZDUSD to a 3-month low at 0.6665. Since November, the 0.6700 has been a key Support level for the asset. Even though yesterday Kiwi’s bulls managed to lift it back above the 0.6700 hurdle, this sharp decline, along with the continuous drop of the pair for a 4th week in a row (outside of a descending triangle), strengthens negative bias. The pair holds for a second consecutive day below 200-DSMA, while it’s been below 10-, 20- and 50-day SMA since March 27. This, along with the Moving averages pointing to the downside and momentum indicators being negatively configured, suggest more possible losses in the near and medium term picture. The RSI indicator is looking south, while MACD keeps extending in the negative area, implying a negative momentum rising. Hence, a confirmed close below 0.6700, could propose the end of the sideways movement as the bears have taken the control of the market. Therefore the doors towards January’s low at 0.6580 level will open. On the flip-side, a rebound could face an immediate Resistance at 20-day SMA and week’s peak, at 0.6770-0.6780 area. Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Short
by HotForex