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NZD/USD: upcoming DOWNWARD Impulse!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the NZD/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understand of my short BIAS, let’s have a quick look on the monthly timeframe: During the previous month, the market performed a really strong bearish movement, and it’s currently approaching on a solid level of support, that rejected the price many times during the past years. The market is still bearish and there is not yet a sign of rejection but still, there is a possibility of a retracement, in a short future, as a “breath” of this huge and clear bearish impulse, with a good chance of market continuation. Switching on the weekly timeframe: The market is clearly following a descending channel and focusing on the last two red candles, with the second one definitely smaller than the previous one, it’s a sign that the market is losing momentum. The current candle is actually moving in the opposite direction of the trend, but still early to say where it will close the price, considering that there are still 3 days of market activity. Let’s have a look now on the daily timeframe: After the last strong bullish impulse (see the first green arrow), the market started consolidating between the resistance and support zone, with no strength enough to push the price above the previous HH. That was the first clue of change of bias from uptrend to neutral. The last bearish impulse broke the previous lower low and the support zone of the market consolidation, the reason I believe the market will continue to the downside! Finally back to the h4 timeframe: As you can see in the chart, the market is currently moving inside a descending channel and before to plan my short position on this trade I will be waiting for a good entry point with a RRR 1:2 or greater. In the scenario of retracement instead, I will be waiting for the price to break the support zone and then I will plan my short trade on the restest of the same level. If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
2
AUDUSD Bulls in SightFrom an intraday perspective what we can see is that this pair moved lower towards the beginning of the week creating the low on the Tuesday as marked. The pair has regained its losses and moved back towards its weekly opening price. The zone above the price has acted as a resistance however has been tapped into many times which would weaken it by the lesser number of sells now sitting within that area. The blue zone shown below the price, along with a HVA, and the asia session range, all now play a key role and zone that the price can move into through the EUR/LND opens to draw liquidity before moving to the upside.
Long
by opes_trading_group
GBP/USD Outlook (15 December 2021)Overall, GBP/USD is trending downwards. The UK employment data released yesterday indicated further improvement in the job market from the previous month. Average Earnings Index 3m/y (Actual: 4.9%, Forecast: 4.6%, Previous: 5.9% revised from 5.8%) Claimant Count Change (Actual: -49.8K, Forecast: -31.5K, Previous: -58.5K revised from 14.9K) Unemployment Rate (Actual: 4.2%, Forecast: 4.2%, Previous: 4.3%) The UK CPI y/y data will be released later at 1500 (GMT+8). CPI y/y (Forecast: 4.8%, Previous: 4.2%) Core CPI y/y (Forecast: 3.7%, Previous: 3.4%) Currently, GBP/USD is testing the support zone of 1.32200 and its next resistance zone is at 1.33800. If GBP/USD breaks the support zone of 1.32200, look for short-term selling opportunities up until the release of the U.S. FOMC monetary policy decision tomorrow at 0300 (GMT+8).
Short
by filatovarthur
Forex Update USD/GBP/AUD/NZD/JPY/CNYHello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose in Asia on Tuesday morning as fears about the omicron COVID-19 version began to fade. The US Dollar Index, which compares the dollar against a bundle of other currencies, fell 0.9% to 96.245. The GBP/USD exchange rate rose 0.15 % to 1.3284. Support & Resistance points : support Resistance 1) 1.3249 1) 1.3271 2) 1.3237 2) 1.3281 3) 1.3227 3) 1.3293 the AUD/USD pair went up 0.37 % to 0.7075 after the Reserve Bank of Australia maintained its interest rate at 0.10 percent earlier in the day. Support & Resistance points : support Resistance 1) 0.7086 1) 0.7102 2) 0.7076 2) 0.7108 3) 0.7070 3) 0.7118 The NZD/USD exchange rate rose 0.19 % to 0.6763. Support & Resistance points : support Resistance 1) 0.6761 1) 0.6772 2) 0.6755 2) 0.6775 3) 0.6751 3) 0.6782 The USD/JPY exchange rate rose 0.19 % to 113.68. Support & Resistance points : support Resistance 1) 113.62 1) 113.72 2) 113.58 2) 113.78 3) 113.53 3) 113.81 The USD/CNY pair fell 0.07 % to 6.3712. Chinese data released earlier in the day indicated that exports increased by 22% year on year in November, while imports increased by 31.7 % year on year. The trade deficit was $71.72 billion. Support & Resistance points : support Resistance 1) 6.3644 1) 6.3676 2) 6.3633 2) 6.3697 3) 6.3612 3) 6.3708 The Reserve Bank of Australia left rates at a record low but said Omicron was not expected to derail the economy's recovery. "Although there is still a lot of uncertainty over Omicron's health and economic impact, investors have embraced news from South Africa suggesting the exponential rise in Omicron infections has not been followed by a big wave in hospitalizations," NAB strategist Rodrigo Catril told Reuters. Early investigations in South Africa indicate that those infected experience comparatively minimal symptoms as compared to earlier viral waves. Anthony Fauci, the top infectious disease authority in the United States, also stated that it did not appear to be very serious. Meanwhile, pressure on the euro has continued as bets on US interest rates rising far ahead of those in Europe have firmed. The common currency recovered from Monday's losses to trade at $1.1291 on Tuesday. Fed funds futures have priced in more than two full rate rises in the United States next year, beginning in May. Treasury rates climbed slightly on Monday, extending the day's gains over the yield curve. Aside from Omicron, central banks are being scrutinized. The Bank of Canada meets on Wednesday, and markets anticipate that it will set the stage for rate hikes next year. The Federal Reserve, the Bank of England, the European Central Bank, and the Bank of Japan will all meet next week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
2