NZDAUD
NZDAUD will shortly fallJust a heads up NA is pretty close to a fall looks like. RSI is very high almost over 75.00 and it has exceeded my predictions on fib retracement. Pretty soon gonna fall!
NZD trade weighted index: Short NZD against strong currenciesNZD is a short against its main trading partners. The uptrend in this biweekly chart exceeded the target and ran right into the previous downtrend mode, so it'll naturally come back down to the uptrend mode at the very least.
Look for prolonged weakness in NZD crosses, and exploit it. Thank me later...
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Looking for Potential trade in NZDAUDWe have 2 opportunities here in NZDAUD. Now Let's see which occur. But in my view I think we should be bullish so here is the .
If the market hold 0.9290 Level :
Open : 0.9290
SL : 0.9240
TP : 0.9360
NZDUSD 2016 PlanRange set: 62c (Aug'15) - 69c (Nov'15)
Tested high in Dec'15, tested low Jan'16
Broke high in Mar'16
Project pull back to 50% retracement ~ 65c before a rally above 70c
NZD/AUD SHORTLong term head and shoulders pattern forming.
Weekly Trend Line broken, Trend reversal confirmed with break of 50 period moving average.
Entry below break of upcoming support and 200 period moving average.
I don't use TPs.
(Excuse poor drawing of head and shoulders tool)
End of bear market for Silver? Falling wedge approaching its endWith the Federal Reserve finally raising interest rates and risk sentiment entering the market, there is potential for a bullish break of a falling wedge.
NZD/AUD ShortI am currently short this pair via
short NZD/USD @ 0.687 see NZD/USD GUNDABAD ORC ON THE BACKFOOT 2 UPDATE
long AUD/USD @ 0.699 see AUD/USD - DECISION TIME (UP)
but looking to get short outright when we break 93c, SL 95c, TP1 87.5c (RR 2.75)
Newzeland NZD OCR reduced to 2.5% NZDUSD Short MoodThe Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent.
particularly in China.
Combined with increases in the labour supply from strong net immigration,
posting a financial stability risk.
CPI inflation is below the 1 to 3 percent target range,
