CXY + ZXY / Both expecting to go upside lets seeThis is my analyse im expecting them to go also up because same as the pound they are in a zone to take a long from ! Long08:43by IemranFX0
ZXY is Poised To Reach 59 Soon🚨NZD Outlook NZD has been under a bearish outlook for the past three weeks. At first, there was speculation about the inflation data but as we can see the RBNZ marked a very big improvement this month and was lower compared to other major economies. 🔸New Zealand's annual CPI inflation came in at 3.3% per year compared to 4.0% in the previous period, weaker than the estimate of 3.5%. 🔸Another important event during this month was the RBNZ Interst rate decision. The RBNZ kept interest rates steady at 5.50%, as widely expected. This decision weighed somewhat on the RBNZ. However, we have other major economies that have not lowered rates yet. But after the data, the NZD continues to lose value in a strange way. Something is happening but it is not clear why. On the other hand, ZXY - NEW ZEALAND DOLLAR CURRENCY INDEX lost approximately 2.82% of its value quickly and is poised to reach 59 soon However this is just my opinion and I don't expect all of you to agree with it 😁 Thank you and Good luck!Shortby KlejdiCuniUpdated 119
Weekly Major Currencies Index AnalysisDear traders, this weekly analysis that I started posting requires your work too. Don't just relay on my analysis. Please draw your trend lines and study price action to either confirm or deny my analysis. It is for all 8 major Price Index currencies from Monthly, Weekly and Daily charts. My intention is to help you improve your analysis for any Forex pairs. **** This post is for educational only and it's not suggesting any investment or trading advice. ****by Ha-Lion1
Trading with IndexIndex depicts the strength of each currency. The index is also often used as an indicator of a country's economic health. If the index strengthens, then the country's economic growth is considered stable. Thus, this index can be used as a basic map of the movement of each pair in forex trading. In general, people know the dollar index as DXY, but you need to know that each currency has its own index, for example, Euro with EXY, British pound sterling with BXY, Japanese yen with JXY, Canadian dollar with CXY, Swiss franc with SXY , Australian dollar with AXY, and New Zealand dollar with ZXY. If we draw the trend in each index, it will be very easy to read currency movements in each pair, or choose an index in a different direction. In this example, it can be seen that DXY is in bearish pressure, but is already at the support level, and AXY is in a bullish position but is already at the resistance level. If DXY is bullish towards resistance, and AXY is bearish towards support, then the AUDUSD trend will experience a strong bearish correction. However, this condition only lasts a moment until the DXY resistance point and the AXY support point. And if this happens, then AUDUSD will be bullish againby AzrulAzirUpdated 222
ZXY Bullish Long Trade IndicesThis is an trade idea for New Zealand Dollar Index ZXY. There RSI is Over Sold that is why I am expecting it go up, RSI is oversold in most of the cases when RSI has pressure either sold or buy Price corrects or rejects. Longby growmoreumc2
ZXY and 6M levelsTrying to figure out the 12M and 6M levels for the ZXY seems like at a support level, but new week opening and the next month opening will give a clear picture , trying to provide the weekly levels in comment section, also, will post the next month range after the closing of this monthby omvats1Updated 3
ZXY BUY SETUPZXY as seen on the daily time frame is on a long position. price is moving to the top on daily considered here.Longby bieprints111
BTC - LongStrong HTF support on BTC. It’s taken stop up and down and if its got to up, its probably from here or we go short. I’m looking for one more bear market rally before anything else, so lets see if this plays out. Decent RR, good consolidation. I don’t really see the strength in this signal, but I have a clear region where I’ll be wrong so my risk is define and accepted. Confluence with AUD, NZD in an uptrend.Longby smsaad110
ZXY OutlookI see ZXY as a good currency to enter long trades against for bullish index currency pairs until we test 1.382 level Offcourse - one must keep checking the validity of the trend daily basis by arfien0
Waiting for long positionPossible trend reversal. Appearance of bullish hammer. Testing of Fibonacci retracement support and bounce back. However, further monitoring required for dow theory validity.by MUHAMMAD_110
A COREECTION TO THE NZD INDEX I SHAREDIt is not nzd but it was cad index. here is what I wanted to share instead. apologies for that error. Even though both look bullish, fundamentally zxy is stronger than cxy. So, for nzdcad I will still be looking for buys. I hope this did not affect anyone and I will be extra vigilant next time.Longby UnknownUnicorn127690421
NZD DXYdouble top pattern is at confluence leve 40 pips sell is almost ready in nzd index nzdusd and nzdjpy may also fall with itShortby ALIFALPHA226
New Zealand Dollar Index Monthly OutlookZXY as seen on the Weekly time frame is same as the Monthly time frame on the current situation. price is heading to the bottom of the trend line and Monthly + Weekly Demand zone. A long opportunity should be considered here.Longby OceanMan10000
New Zealand Dollar Index Weekly OutlookThe ZXY is currently weak as we can seem how other pairs have been bullish against her. Now the New Zealand Dollar Index is close to the bottom of the downtrend heading to the demand zones. The bulls may come in with full force.Longby OceanMan10000
Strengthening the New Zealand dollarThe New Zealand dollar seems to have started an upward trendLongby soltanifx0
BEARISH CALL this is my bearish trend idea. how ever wait for clear trend continue moment and wait for trend continue after can entry .this is my opinion not for any signal service .good luck. Shortby wijitha110
long nzdnzd is a safe haven for safe haven so what going to happen in the world look for pull back to long Longby abcdcash1