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Nzdusdtrade

NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UPA in occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not decreased yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6515 LEVEL. The DXY is currently trading slightly below 101.65. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Priced above NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - NZDUSD PRICE can be UP to 0.6660 LEVEL before DOWN. Then it can be DOWN to 0.6198 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
by benny_marshall
3
NZD/USD. Kiwi can take off!The kiwi-dollar has lost more than 10% against the US dollar since April 5 and looks very oversold. Classic technical analysis indicators show multiple divergences on the H1-H4 charts. Our trading strategy indicators also gave signals about the weakening of the downtrend movement and a high probability of NZDs bounce. Based on the available data, we expect a limited NZD/USD growth over the coming week. A strong resistance, supported by the Fibonacci level, is at 0.6529 and is the most likely growth target. How to trade. Buy NZD/USD (open long) from the current levels or in the range of 0.6260-0.6270. The target is 0.6520-0.6530.
Long
by ForbesRatingN1
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UP of occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not diminished yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6341 LEVEL. The DXY is currently trading slightly below 103.91. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Prices are below NZDUSD DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - NZDUSD PRICE can be DOWN to 0.6284 LEVEL before UP. Then it can be UP to 0.6660 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
by benny_marshall
2
NZD/USD: KIWI the bird OR KIWI the fruit falling off the tree?hello, hi fellow traders, simple chart only with horizontal support levels, but all represent important levels that provided high volumes of trading during the past times. my bias: the nearing deep to act as safe buy/long with target by the end of Q1/2023 above 2021 highs. as I expect the central banks interest rates "drama" to get finished by then and the world's economies will get much more stable and forecasting demand for commodities will get clear and New Zealand will have much higher demand for their exports (positive for KIWI == the bird scenario). meanwhile, in the short term, say the rest of H1/2022 we are about to experience volatile price action. the mix of unclear interest rates policies, geo-political tensions, frequently changing GDP growth forecasts, all these make the "fear" in the market to have the upper hand. promising a deep in the time horizon mentioned. now, how low the exchange rate of NZD/USD will go during that process? (== "guessing" time) actual investment strategy: accumulating around current 2022 lows and within the 0.60-0.65 cluster seems optimal what if it goes under 0.60? (== KIWI the fruit falling off the tree scenario) -- first, this is highly unlikely in my core view. second, the financial trading business offers very good instruments to collect premiums when the market goes for awhile beyond ranges. the best strategy in such case would be to SELL/WRITE CALL options 1-3 months further 3%-5% above the cost of the position (== selling covered call - you cannot lose more but only to make less in case the market expires in the money). optimal case here, the premiums collected expire out the money and the position in the money, while the next leg UP will start just after the expiry out the money. but, do not get too busy with that, you always can open new longs not being part of the running longs that are involved with the options strategy. this is MONEY/POSITION/TRADE/RISK management of bit higher grade. not really a thing for day traders or near future swing traders. this is management of an investment. further, how lower this pair will go during the weeks before turning higher the coming months? == risk management patience and well established plan will do a good work for you. I have no clue if this one will turn into great money making investment, I know that the worst case scenario is not a pain making loss and failure in this pair means that there is another great making making investment running in parallel as soon and IF that 0.6000 barrier falls on quarterly close basis. summary: buy the deeps carefully, be patient until 2021 highs will get taken. investment it is, not a trade! just my analysis/opinion, nothing more than that, nothing less than that. can be dead wrong or lucky "fluky" right good luck
by FlukeTrading
NZDUSD change of trend! Let's take a plane to Bahamas!In my previous analysis on this pair I mentioned of it falling into the level it is now. I marked this level to be a level of interest for a few reasons. 1. It acted as strong support level in the past (going back to October 2018) looking at my black horizontal line. 2. Around 2019 and 2020 we see price reacting on this level several times. It had been a battle field for bulls and bears, a fight for dominance. 3. Price had been in a downtrend since February 2021, falling from its February 2021 high, and price was moving in an descending channel. 4. Price has now reached the support of this falling channel which also intersect with our black horizontal line (at confluence). From here I expect bulls to take over the battle and a rise from here would last at least until price reaches the resistance of the falling channel. Looking for best buy entry? On a 1 hour timeframe as shown on the chart below, price broke above the minor downtrend trendline. This means there's already a high chance that price will push up which will eventually lead to an acceleration in bullish momentum. Like if you find this idea helpful. Comment below if you have something to add. All the best!
Long
by Forexintelligence_NA