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Nzdusdforecast

NZDUSD BUY ABOVE 0.66450NZD - BULLISH 1️⃣ The unemployment rate handily beat the 5.6% forecast coming in at 4.0% and helped to push kiwi to trade well. 2️⃣ RBNZ Survey of Business Expectations for July revealed that inflation expectations over the next year returned to 1.03% from 0.74%, while business leaders are slightly more optimistic about underemployment. USD - BEARISH 1️⃣ ADP reporting significantly weaker than expected private payroll growth in July (167K vs. 2.3 million forecast). 2️⃣ The employment component of non-manufacturing ISM dropping to 42.1 from 43.1, all signs point to a slowdown in labor market recovery last month. 3️⃣ The US government is expected to deliver a new stimulus plan by the end of the week, but there were no signs of an agreement as congressional Democrats and White House officials continued to be divided on key components of the bill. ===== Technical ===== 📊 We buy NZDUSD on RBS level + SMA50 area. 📊 NZDUSD in bullish zone.
Long
by MonsunAsia
NZDUSD H1 LONG PRICE ACTION FORECAST Trading supported by an ascending trendline, the price has just broken above the supply zone, confirming the pair's uptrend bias. This upward momentum is also clearly spotted from the higher timeframe of D1, price breakout from descending trendline, and retest of the level confirming the forecasted bias. The order: Type: buy-limit S/L: 22 pips - R:R | 1:3 - T/P: previous swing high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
NZD/USD: Bulls fail to break the 0.66 key level againNZD/USD bulls have failed to break the 0.66 level once again. However, the bears couldn't take advantage of this. All though the chances of a drop towards 0.64 is increasing, waiting for a clear break of the 0.6550 level is important for the sellers. How NZD/USD will move this week depends a lot on the state of the global equities. So, keep an eye on the global stock markets. If the stocks start bleeding this week, there's a high chance that NZD/USD may drop.
Short
by KaltoireCapital
17
NZDUSD | WEEKLY FORECASTA similar situation for the Greenback we have found here as a possible Breakout off of our Bullish Rectangle @ 0.65200 for a Bullish burst becomes feasible. Tendency: Uptrend ( Bullish ) Structure: Breakout | Bullish Rectangle | Channel Observation: i. 0.63800 level appears to be a respected Demand zone ( 500 retracement ) since the Impulse Leg in the last days of May 2020. ii. A Flat Channel is observed as price ranged between 0.63800 and 0.65200 throughout the month of June 2020. iii . A rectangle pattern where supply and demand are in approximate balance for an extended period of time followed by a Breakout is a sign we are looking for to buy. iv. Notice how Breakout of Bearish Trendline coincides with Breakout of Channel. v. Patience is hereby required as a possible correction before the rally is very possible at this juncture. Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Nirvana! Forex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
NZDUSD H4 SHORT PRICE ACTION FORECAST Price action has been trading within a consolidation range, finding resistance a the top level from the channel at H4. This current level is also in confluence with a descending trendline from a bigger time frame, confirming the downward pressure suffer by the price, a short entry with the following setup is placed The order: Type: buy-stop S/L: 49 pips - R:R | 1:2.5 - T/P: aiming towards the support level. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER