NZD/USD has failed to sustain the upside above 0.5800. While below 0.6010/0.6060, the downtrend is set to persist, economists at Société Générale report. “NZD/USD recently formed an interim low near the lower limit of a multi-month down sloping channel at 0.5565 which is also a trend line drawn since 2009.” “An initial bounce is taking shape; the 50 DMA near...
NZD/USD retreats from a nearly two-week high set earlier this Thursday amid fresh USD buying. Bets for more aggressive Fed rate hikes and elevated US bond yields continue to boost the buck. Recession fears weigh on investors’ sentiment and also exert pressure on the risk-sensitive kiwi. The NZD/USD pair struggles to find acceptance above the 0.5800 mark for the...
Looking through to next week, if price pushes up to the 6850 area ill be looking to short the market I have shown 3 potential targets based on your risk appetite Option 2 & 3 would be dynamic targets where as option 1 is a static target and a re-test of the lows GOOD LUCK TRADERS
A short position is taken. In the 4H time frame, the price keep building LH and also it was below descending komu. Also, it hit the weekly resistance, so I took a short position and put the TP on yesterday low. R/R = 1:2.06
NZD is in key area, last candle in this chart as you can see closed below the 200 SMA. MACD signal and the cross of SMA-50 and SMA-100 with the formation of of head and shoulders, could be strong indicator for this pair to tumble well below the level of 0.71750. Fundamentals with the FED "talking about talking about tapering" with the U.S PMI flash came positive...
HELLO TRADERS, WE HAVE ANOTHER ANALYSIS SEEING THE DEMAND AND LIMIT ON SUPPLY FOR OIL PRODUCTION. WE WERE ORIGINALLY SHORT EARLIER THIS WEEK NZDCAD BUT NOW FOR THE CORRECTION. SO WE WILL SEE FROM HERE SHOULD LONG OR SHORTS CONTINUE BUT WE HAVE IT MARKED OUT. OUR BIAS IS TO THE TO THE DOWNSIDE CONTINUED WITH A CORRECTION TO .91600-.91700 ABOVE THAT, BUYERS...
Long term trade. Price re-test bottom of the channel and Weekly support at 1.9099. I am waiting for test 1.9000 level and rejection. Target 2.1300.
Hello, Just a few words about this trade, on bigger picture, Daily TF , you can see the end of correction also 400 and 200 EMA will act like a S/R. I put my TP at the lower price of the day 0.63800, personally short this idea from 0.64522 and aim 666 PIPS, my SL at 0.64699 and my TP at 0.63856. Have a good day
While a number of technicals point to a bit of an upside trend, this should be limited by short-term resistance followed by a correction back to the long two-year channel that has formed. Daily FX's Nick Cawley called this the trade of the year to short this pair. So far its not panning out. For more, check out www.anthonylaurence.wordpress.com
Analysis is on the chart. Divergence + Harmonic + Rising Wedge Shape + Bearish Engulfing + 1HR 50EMA switching to bearish
after breaking a major support from the past year, i expect this pair to continue its major push to the downside. This would be a multiple weekk trade with 100s of pips of potential earnings
Kiwi Index has broken previous monthly lows. Weakness maybe? Could see some great opportunities with NZDJPY appearing today!
DXY looking to push further up at the current price level. ZXY doing the opposite IMO the price levels are at a good area to open a short, trade at your own risk, this is just my idea.
NZDUSD Price has shown strong rejection we can see long upper shadows, also yesterday's candle has completed a bearish engulfing pattern.