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Nzdusdshort

NZD falls from top 10 most traded currencies list A couple surprising notes have appeared in the Bank of International Settlements’ (BIS) survey released today (28/10/2022). The triennial (occurring every three years) survey was conducted with the involvement of monetary authorities, like central banks, from 52 territories as well as 1,200+ commercial banks. Trading volume increases Foreign exchange trading volume increased to US $7.5 trillion per day, which represents a +14% increase over the US $6.6 trillion daily trading volume recorded when the survey was last conducted in 2019. The sales desk in the United Kingdom, the United States, Singapore, Hong Kong, and Japan continued to dominate the processing of most trades, accounting for 78% or more of the trading volume. Interestingly, volume passing through the UK alone accounts for 38% of global trade, or US $2.6 trillion, however, this was down from 43% in 2019. Changing rankings The biggest surprise that was revealed in the survey was the changing hierarchy for the most traded foreign currencies. For one, the New Zealand dollar has fallen out of the rankings for the top ten most traded currencies in the world. The New Zealand dollar was overtaken by the Singapore dollar, Swedish krona, Korean won, and Norwegian krone, and is now the 14th most traded currency in the world. Even so, the New Zealand dollar’s popularity is still disproportionate compared to the size of the New Zealand economy with the New Zealand dollar on one side of US $125 billion worth of trades per day, representing 1.7% of all trades. While the rankings just outside the top ten experienced a shuffle, the US dollar remains the most traded currency in the world, accounting for one side of 88% of all foreign exchange trade. The top traded currencies in 2022 in the world are as follows: US dollar Euro Japanese yen British pound Chinese renminbi Australian dollar Canadian dollar Swiss franc Hong Kong dollar Singapore dollar Swedish Krona Korean won Norwegian Krone New Zealand dollar Indian rupee Mexican peso Taiwan dollar South African rand Brazilian real
by BlackBull_Markets
NZD/USD likely to fall!Hey tradomaniacs, NZD/USD has created a double-top at the key-resistance-zone with the break and retest of the previous trendline. Could be a good opportunity to short even though fundamentals are very mixxed as the market has no idea how to react to the todays ECB-Statement. Strong Rate-Hikes combined with a bad outlook for the next quarter and year is usually a very bad combination and could boost the US-Dollar with a rosk-off-sentiment. On the other hand the market could price in less rate-hikes when inflation settles down and the up-inflation-risk weakens. However, technically a good chance.
Short
by Trading2ez
NZDUSD H4 BAT PATTERNHi traders, NZDUSD is setting up for a downside move i am expecting from price to come around our mentioned bat pattern completion and also a third touch of trendline area, watch price action on the top and look for a short position opportunity if price drop from the current area and break 0.55126 level without hiting our mentioned entry level then this setup will be invalidate. If you are taking this trade so please i request you trade with your acourding strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
Short
by TheLoserMan
2
Buying NZDUSD on dips.NZDUSD - 21h expiry - We look to Buy at 0.5630 (stop at 0.5555) Previous support located at 0.5630. Previous resistance located at 0.5700. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 0.5700 will confirm the bullish momentum. Our profit targets will be 0.5780 and 0.5800 Resistance: 0.5700 / 0.5780 / 0.5800 Support: 0.5630 / 0.5600 / 0.5575 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Long
by Saxo
NZDUSD M30: Bullish outlook seen, limited upside above 0.55900On the M30 time frame, prices are approaching the support zone at 0.55900 which coincides with the 61.8% Fibonacci retracement level and ascending trend line. A throwback to this 0.55900 support zone presents an opportunity to play the bounce to the next resistance zone at 0.5650. This resistance zone is also a graphical resistance zone in line with the 78.6% Fibonacci extension. Prices are holding above the 50 EMA as well, supporting the bullish bias.
Long
by T3-Consultancy
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD - NZDUSD has been going down very fast in recent days. The reason for that is because of the VIX UP and the strength of the dollar. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update also affected it strongly this time. - Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly. - Anyway, NZDUSD can sell further until it reaches 0.5472 LEVEL.. After that, you can BREAK the TREND LINE and move to the NZDUSD 0.5875 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
by benny_marshall
NZD/USD Bearish Momentum Continues...Hello Traders Last week, USD got gains with NFP and unemployment results. Also, sentiment around the USD is still bullish so we believe USD is shining even more in the following week. USD Inflation result will be crucial for market movements. So here is why we are bearish on NZD/USD: 1- RSI and Stochastic are declining (4hr TF). 2- Price has broken a bear flag(correction zone) and will continue in bearish momentum. 3- Macro momentum is still bearish. 4- No local higher high indicates that bearish momentum will continue. Targets have been shown in the chart. If you like it then Support us by Like, Following and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
NZDUSD H1: Bearish outlook seen, further downside below 0.5810On the H4 time frame, prices are approaching the resistance zone at 0.5810, in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci extension. This resistance zone is also a graphical support-turned-resistance zone that has been respected multiple times. A pullback to this resistance zone at 0.5810 presents an opportunity to play the drop to the next support zone at 0.5680. This support zone is also the graphical swing low that coincides with Fibonacci confluence levels. Stochastic is approaching resistance as well, in line with prices.
Short
by T3-Consultancy