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Kiwi

NZDUSD Ready to Drop on Strong USD DataAfter last week's decisive break through support we tested the second level of support (based on previous lows in the trend) and bounced off with a brief recovery the following day. However, the pair was unable to confirm a reversal back to the upside when it failed to close the day above support level one indicating that we may indeed have begun trending downward. Tomorrow brings with it several heavy hitting data releases and that could be all that is needed to trigger this move. On the larger scale W1 chart we can see that the pair has been consolidating for the last several months and the pair does seem due to continue the downtrend which began around the start of 2018.
Short
by jwiens27
Kiwi index approaching Support, Prepare For A further riseKiwi index is approaching its support at 6.9441 (61.8% Fibonacci extension , horizontal swing low support, 61.8% Fibonacci retracement ) where it could potentially bounce to its resistance at 7.0079 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by ICmarkets
SHORT Kiwi Index Approaching Resistance, Prepare For A Reversal Kiwi index is approaching its resistance at 7.050(100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.990 (61.8% Fibonacci extension ,50% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by ICmarkets
Kiwi Index Approaching Resistance, Prepare For A Reversal Kiwi index is approaching its resistance at 7.050(100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 6.990 (61.8% Fibonacci extension,50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
NZDUSD Possible Bearish Breakout!We have a confirmed break below the lower bound of the D1 trend with yesterday's candle closing a solid 30 pips below my trend line. However, the pair appears to have found support at the previous low of the trend and may be in the very early stages of forming a double bottom. With the Asian session warming up over the next few hours, I will wait for confirming price action in one direction or the other before taking a position on this. Looking at the weekly chart, this appears to possibly be a break out of 4+ months of consolidation continuing the previous long term downward movement.
Short
by jwiens27
NZDUSD POPTENTIAL SHORT OPPORTUNITY (1D CHART) NZDUSD POTENTIAL SHORT IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE ON THE DAILY TIMEFRAME THAT THE KIWI HAD A VERY STRONG REJECTION OF STRUCTURE SHOWING STRONG SELLER MOMENTUM AND INTEREST. I ALWAYS LET THE MARKET SHOW ME CLEAR SIGNS OF WHAT IT WANTS TO DO. THIS CHART IS DISPLAYING THAT THERE IS A DECENT PROBABILITY OF GOING TO THE DOWN SIDE. NOW THERE IS AN ASCENDING TREND LINE AND IF WERE LOOKING TO EXTRACT PROFITS FROM A POTENTIAL SHORT SETUP THAN WE MUST WAIT FOR THE MARKET TO BREAK THAT TREND-LINE, JUST TO FULLY CONFIRM THE SELLER IS IN CONTROL. LETS TAKE A LOOK AT THIS SETUP 1D CHART: *ON THIS TIMEFRAME WE CAN SEE THAT THERE WAS A REJECTION OF RECENT SIGNIFICANT STRUCTURE AT THE .6900 PRICE HANDLE *SINCE THE SELLERS HAVE BEEN HOLDING PRICE BENEATH THIS POINT FOR SOME TIME ON SUCH A HIGH DATA TIMEFRAME IT SHOWS ME A HIGHER LIKELY CHANCE IT WILL MAKE A MOVE TO THE DOWNSIDE *WAIT FOR A BREAK AND HOLD BENEATH THE ASCENDING TREND-LINE ON DAILY TIMEFRAME 4H CHART: * THIS CHART CAN BE USED TO SPECIFY THE ACCURACY OF THE PRICE ACTION AND HELP GET A BETTER PICTURE OF WHAT IS OCCURRING ON THE TIMEFRAME BENEATH THE DAILY AS WELL *ONCE THE 1H AND UP ALIGNS WITH THE DAILY SELLER POWER THAT WILL LEAD TO A STRONG CORRELATED MOVE REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT. NONE OF THE SETUPS I POST GUARANTEE PROFIT TRADE AT YOUR OWN RISK. PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS! CHEERS!
Short
by JosePips
SHORT Kiwi index Approaching Resistance, Prepare For A ReversalKiwi index is approaching its support at 6.8787(61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 6.9528 (50% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by ICmarkets
1
Kiwi Index Approached Support, Prepare For A Further Rise Kiwi index approached its support at 6.8796 (horizontal swing low support, 100% Fibonacci extension,50% Fibonacci retracement) where it could potentially bounce to its resistance at 6.9311(38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance ). Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Klimex
1
EURNZD tanks to 4-month lowBy Andria Pichidi - November 15, 2018 The Kiwi is doing extremely good the past month, and more precisely after the inflation release on October 16, above expectations at 0.9% in Q3 after the 0.4% q/q rise in Q2. Recently the employment gain on November 7, was well in excess of projections, while the drop in the jobless rate was contrary to projections for a tick higher, supported New Zealand Dollar further, especially due to the global uncertainty, in the political,/geopolitical or even trade front. Today meanwhile, the backdrop of mostly firmer stock markets in Asia, and a rise in US Equity index futures, were also a bullish lead for the relatively higher beta antipodean currency. Outperforming the Euro, at a time in which the Europe remains fraught with risks, as the brinkmanship between Italy and the EU in terms of the budget continues to play out, Brexit uncertainty remains and there are signs of flagging economic growth momentum in the Eurozone. EURNZD continue its strong way down and broke today 4-month low at 1.6567 . This breakout below the 1.6630 Support level, was a key move in the long term, as it represents the 38.2% Fibonacci retracement since 2017 low but also strong 6-month Support between November 2017- April 2014, before the rebound of the pair up to 1.7900 area. Therefore, as the pair moves for the 3rd consecutive week strongly to the downside, ready to complete 3 black weekly craws, simply adds to the constant deterioration in the outlook. Taking into consideration the constant declines of the price but also on momentum indicators, the pair remains strongly to the bearish outlook, without nearterm corrections signs yet. In the weekly basis, the RSI is at 35 looking to the downside, following a smooth negative slope since Octiber. MACD lines are decreasing to the downside below signal line, confirming the increase of negative bias. In the daily chart, RSI looks oversold. However, the bearish crossover of 20-day SMA to 200-day SMA, and as the MACD keeps extending to the downside, suggest that bears have the ultimate control. The break of 4-month low, opened today the doors for the 1.6235-1.6360 area , set at the latest swing lower ( November 2017) and the 50% Fibonacci retracement level. Further gains could then target the 61.8% Fib. level at 1.5830. However, as the pair remains in a sharp bearish price action, a clear reversal to the upside could only be confirmed with a move above the confluence of 50-week SMA, 20-day SMA and 23.6% Fib. level at 1.7100- 1.7170 area . This could open the doors for the continuation of the uptrend again. As mentioned, in a wider picture, the pair remains in a bearish trend, while it confirmed 5 Elliott waves movements and it currently formed a corrective wave to the downside. Daily chart: www.screencast.com Click here to access the HotForex Economic Calendar Andria Pichidi Market Analyst HotForex 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
1
KIWI Too OVERVALUED Vs The USD! Will it Slump To 64 cents ?With the RBNZ already killing off the NZD by being more dovish than expected in their rate announcement yesterday, the kiwi fell against the USD overnight erasing in the process nearly 2 weeks gains!. For what many thought that the triangle has already broken to the upside just by the end of last week, it now seems it was a false breakout and rather unsurprisingly its now threatening to break the trendline of the triangle! If the break does occur, the price will aim to test the area that had been tested before in the previous swing some few months ago. 0.64000 becomes the immediate target of this potential breakout! Moreover fundamentally, the kiwi is too overvalued against the USD which is also visible in the both of their interest rates with USD having a more higher interest rate. This year the kiwi is being speculated to depreciate against the USD and this might start to happen once the trendline is broken. adding salt to the wounds, the RBNZ might even cut OCR in their nexr meeting which may very well trigger a small rally enough to dump the NZD and pile the selling pressure. The RR on this one is pretty good too (1:1.5). i am already SHORTING the NZDUSD but from the technical perspective its best to wait until the trendline breaks and retests before making an entry. this is just my analysis on this pair and its not a trading signal. shall the criteria meet i will post the trade details in the thread. cheers
Short
by FX618Analysis