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Kiwidollar

long at 0.6955 target 0.7055The nzd is around the down T-line july 2017 and the long up T-line from Sept 2015 SO technically i see a rebound on this technical cluster/area i also think the qell-off of the NZD will be done for a short term coz is onli on a speculation of a singapor style monitary policy that is quiet impossible to do for New Zealand Aslo even is political problem of uncertainly they cannot forget the upbeat CPI and GDP last printed. i will not talk again that he is oversold much and on weekly-monthly support and after more than 1.5% down need a correction highter Long at 0.6950 target at 0.7055 gain 105 pips open two different position
Long
by corsicasia
6
1H - NZD/USD The potential Kiwi trade. 1H - The NZDUSD was in a strong downtrend however that recently came to an abrupt end. It has tried to form an uptrend after that downtrend exit however that has come to a halt due to a strong resistant point which then led it to fall back onto the black line which has acted as a support for it. Because of this, we can see two potential trades, short or long. We must wait for a good entry to decide which position we shall take and that is for you to decide. If NZD fails to break the resistant line once again, we then may see downfall movement to the blue lines. However, if it breaks it, we can then see upwards movement. Look at shorter time frames to confirm your entry. There may be a higher chance of it being a long position due to the uptrend the Dollar has created on the 1H but may weaken due to political issues and the pair is also oversold on Stochastic. Please do your Fundamental analysis and check your economic calendars and do keep any eye out for this on Monday. Goodluck. Red lines for resistances Blue lines for supports
by youraveragetrader
GBP/NZD 1H Chart: Channel DownGBP/NZD 1H Chart: Channel Down The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago. In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped by a combination of the pattern’s upper trend-line and the 55-hour SMA, which is moving precisely along the channel. For this reason, the rate is expected to gradually slip to the bottom towards the updated monthly S1 at 1.7486. In addition, given that in the upcoming three days there will be no fundamental data releases, the pair should not make a premature breakout from the formation.
by UnknownUnicorn890690
NZD/USD surges on fundamentalsDaily outlook - NZD/USD surges on fundamentals In line with expectations, the currency exchange rate managed to restore lost positions and reached the 0.7279 mark. Basically, the pair had a chance to make a rebound from the 100-hour SMA and continue to move downwards in accordance with the general market sentiment, which is 58% bearish. However, publications of the FOMC Meeting Minutes gave the pair a new impulse and drive it up until the weekly PP, which is located at the 0.7331 level. For this reason, today the buck is expected to try to recover against the Kiwi. However, this might not be easy, as the road downstairs is blocked by the 100- and 55-hour SMAs. A summary of technical indicators support this vigilance by sending strong buy signal for the 5H timeframe. And, yet, for the 1D timeframe majority of technical indicators point out on fall of the rate.
by UnknownUnicorn890690
NZD/USD reaches 0.7292Daily outlook - NZD/USD reaches 0.7292 As it was expected, beginning of the new week the NZD/USD pair spent in a relatively horizontal and steady movement. Namely, the currency rate managed to climb to the 0.7330 level and then made a rebound a started to gradually slide back to the bottom. The first target, namely, the monthly S1 at 0.7294 it has already reached. As a multiple technical indicators send a strong sell signal, the pair is expected to continue the fall. The next likely goal could be the 0.7258 level and, eventually, the 0.7248 level, as the space between them represents not only an accumulation of take profit and limit orders, but also of the loss trades. Market sentiment support this scenario as well, as 67% of traders are bearish on this currency pair. Finally, 65% of pending orders in the 100-pip range are also set to sell.
by UnknownUnicorn890690