Our fundamental outlook on this pair is bullish. The RBNZ if the first bank to hike rates and NZD is a pro-cyclical currency so a positive global economic outlook is supportive for the currency. the BOJ is not planning on raising rates and the rising oil prices is pressuring japan since its one of the huge importers of oil.
The RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the...
POSSIBLE DOUBLE BOTTOM FORMING ON WEEKLY, REACHING MONTHLY TRENDLINE SUPPORT, MONTHLY CANDLE WILL POSSIBLY CLOSE AS A DOJI,
Never try and short strong vs weak and viceversa.
Hello Traders, Today we focus on Euro and for clarity, we are net bearish on the Euro going forward. Because of this predisposition, we are only looking for short positions and right now we have identified one in the daily chart. In breaking down this we shall consider price ranges and market participation. In this case, volumes play a critical role in our...
Hello Traders, It’s no doubt that the GBP has been on the upper edge for the better part of last year. Well, in my view, it might continue with its trajectory especially if there is an interest rate hike in the future. However, when we take a purely technical view, we expect GBP to lose ground and correct in the coming days. A top down approach can provide a...
High probability of lower lows and that's why I'm selling with targets at 1.67
Wait for potential shorts at around 1.96. Trade as follows with targets at 1.88---http://forex.today/sell-gbpnzd-analysis-for-march-26-2016/
Hey guys, Time for some NZD bulls in this currency pair. Technically, in the daily chart, it is clear that a break out trade is in play. First, notice that support trend line break out on 15.09.2017, after that price corrected higher as a stochastic buy signal was printed after 02.10.2017. Between 19.10.2017 and 25.10.2017, there was congestion and a consolidation...