1:00🇳🇿NZD = RBNZ RATE STATEMENT 💡 The Official Cash Rate is expected to remain on hold at 0.25%. Economic progress in New Zealand better than anticipated, Orr may hint at tightening. NZD/USD has room to extend its advance, mainly on a break above 0.7100. 💡 The RBNZ Rate Statement contains the explanations of the decision on interest rates and commentary about...
Looking at 1HR & 4HR timeframe we are hoping for potential longs (buys) , we have seen x3 rejections on the previous low level around 1.18799 , waiting for the 4HR candle to close , if we see further rejections and bullish indications we would aim for a take profit price around 1.19890 which is a previous high on the 1HR time frame. Fundamentals: Please refer...
EURGBP - BUY TRADE SL: 0.88662 (52 PIPS) TP1: 0.89546 (37 PIPS) TP2: 0.90192 (119.5 PIPS) TP3: 0.90814 ( 165 PIPS) TP4: 0.92095 (LONG TERM)
So 2020 was the best year for GOLD , we saw a 22% increase and the price increased of up to $350 , the overall outlook in my opinion in bullish but we know that there will always be the pullbacks in price. We had the November lows of $1760 and we have a strong resistance at the $1900 level , so if we see the price break this level it could open the doors to a...
New Zealand’s (NZ) GDP rose by 14% in the September quarter, a stronger than expected rebound from the COVID-19 lockdown in the previous quarter, economists at Westpac inform. This data will have embedded the expectations that the Reserve Bank of New Zealand (RBNZ) will be in no hurry to cut-rate again. The NZD has appreciated by nearly 7.8% against the US dollar...
EURAUD - BUY NOW SL: 1.61054 (57 PIPS) TP1: 1.62081 (42 PIPS) TP2: 1.62843 (118 PIPS) TP3: 1.63402 (175 PIPS)
EUR/AUD is working up towards a high probability bullish trade setup. Bulls will want to see a break to the upside through the 4-hour 21-moving average. EUR/AUD has corrected a daily bullish impulse in a decelerating decline which gives rise to prospects of an upside continuation. From a 4-hour perspective, bulls may want to wait for the price to break higher...
EUR/AUD is working up towards a high probability bullish trade setup. Bulls will want to see a break to the upside through the 4-hour 21-moving average. EUR/AUD has corrected a daily bullish impulse in a decelerating decline which gives rise to prospects of an upside continuation. From a 4-hour perspective, bulls may want to wait for the price to break higher...
GBPJPY - SELL NOW SL: 140.432 TP1: 139.467 TP2: 139.037 TP3: 138.502