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Nsdusd

NZDUSD I Current situation and how to trade itWelcome back! Let me know your thoughts in the comments! ** NZDUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
NZDUSD FALLING between two strong levelsIn March this year, the price experienced a serious collapse. However, in the summer it pushed off the local support line and began to grow steadily. During this growth, the price was able to make two important breakouts in a row. First, it broke through the support line that has existed on the chart since 2018. Secondly, it almost immediately broke through a strong historical level. By the way, the last breakout of this level was also in 2018. Then the price dropped. Now - began to grow This level and line served as a good support for the price growth. However, in December, the price reached another strong level - the resistance level of 0.715. She touched it, carried it through and turned into a fall. This movement is rather uneven, we could observe a sharp jump in the price down, and then the same sharp correction. Nevertheless, I am convinced that the price will continue to fall and come back to the support level. Thus, I expect the final target - the support level 0.693. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻
Short
by Lingrid
9
ORBEX: Fed Injects Money in Repo Markets BUT Is That Really QE?Market participants seem to have taken Fed’s liquidity injections as QE, dragging dollar down. Despite increasing the balance sheet, the Fed’s move should be really reassuring investors that funding pressures, at least in the short-term, are and will be lower. Or, should it not? Well, the demand for funding was slower than expected near year’s end. But is this perhaps because institutions are trying to shrink their balance sheets to hit yearly targets...? Timestamps USDCHF 2H 02:00 AUDUSD 2H 04:50 NZDUSD 2H 05:55 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Dollar Pulls Back on Dovish Minutes, BoJ Standstill Dollar-yen bulls may be forced to take pause after central bank decisions, from each respective currency, give traders something to chew on: The FOMC minutes yesterday were nothing short of redundant. I am beginning to think it is the same speech month-after-month, but financial outlets took whatever they could to spin it as hawkish as possible. That should have been good news for the dollar, but if one were to actually take the minutes in context then one would see that the Fed is still on the fence. The camp still remains divided, and some official suggest a December rate hike “may” be appropriate with a mere four weeks till the next meeting. The backdoor of data-dependency still remains, so if the Fed does not want to hike in December then they have a myriad of recessionary and deflationary data to choose from. I proposed a simple question on social media: “If traders really thought a Fed hike is in play, why's the dollar down, stocks up? Wasn't that way after October FOMC.” After the October minutes were interpreted to be hawkish, the dollar began to rally extremely hard and stocks sold off. But, I digress. Across the Pacific, in a faraway land where debt-to-GDP is approaching 300 percent, Japan’s policy minutes showed that the Bank of Japan (BoJ) has decided to not undergo more QE. This was largely expected but still affected USDJPY. Economists were sad to learn this, following Japan’s fifth recession since 2009. Prime Minister Shinzo Abe’s “three arrows” economic plan is looking like a metaphorical representation for the three recessions under his watch. BoJ Governor Haruhiko Kuroda did some lip service following the minutes saying the economy was on a “gradual recovery path.” Uh… Technically, price action is approaching 123, and the momentum is moderate. The +/- DMI is suggesting that if USDJPY continues to trend lower, negative bias on price action would be asserted with a bearish divergence. Minor trend support will be strengthened with the 50-4H EMA, which is located roughly 122.90. If price action closes below trend support, near-term support is seen at 122.23. However, if the dollar can regain its momentum, 123.70 will be tested. This level also resembles ascending triangle resistance, and a breakout close above this could cause further upside momentum. Please follow me @Lemieux_26 Check my posts out at: bullion.directory www.investing.com www.teachingcurrencytrading.com oilpro.com
by CommoditiesTrader
1