NZDUSD, Inverse Head and ShouldersOnce a breakout is confirmed we should open a long trade. The pattern height is 100 pips, so the target is near 0.689. Stop loss 20-30 pips below the entry point. Good luck!
Newzealand
EURNZD: Retracement Finally?EURNZD is finally stopped by the upper trendline of the channel. If the daily candle close below it, chances are traders are going to short this pair. RSI is overbought, price is dropping sharply in the last few hours. This could be the moment of the 4 weeks trend reversal. Let's see if EURNZD can drop to the 50% Fibo level, which is an important horizontal support in the same time.
Kiwi Anyone?Kiwi Index has broken previous monthly lows. Weakness maybe? Could see some great opportunities with NZDJPY appearing today!
EURNZD, Short: Shooting StarEURNZD formed a textbook example of a shooting star on the daily time frame. In the same time the pair rejected the horizontal resistance and the long term trendline. Wait for price to go a little bit up and then sell it. Take profits near 1.682. Good luck!
NZD short??Here I have analyzed the NZD USD currency pair and this one will fall hard upon the release of credit card spending in NZD. RIP to the buyers of this pair. Happy trading !!!!
NZDJPY SHORTS H&S POTENTIALAfter attaining multi month lows "@ 75.5 we have since retraced, persisting the 61.8.
A h&s could materialise for this pair for a nice R:R to new lows.
EURNZD - short again if Few days ago I shorted EURNZD, and it was successful trade. I closed my position, but I looking at the chart I think it is good moment to open short again.
Right now we can see correction to downward move and EURNZD is fighting with resistance zone about 1.6965. If chart will reject the resistance, I will open short position and keep it to the channel bottom.
NZDJPY retracement expectedAwait for further communication to enter longs
Overrall a bearish trend and downside pontetial is huge
NZDUSD H4 LOOKS GOODwe got weekly trendline and daily support on NZDUSD and am already long on this pair with 40 pips Sl, do use right risk management = 2% per trade and move sl to entry once in 30+ pips profit.
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NZDUSDThe New Zealand Dollar saw some uncertainty lift Monday (March 26) with the Reserve Bank of New Zealand’s formal adoption of a duel monetary-policy mandate.
On government instruction the central bank will now have to consider not only its old inflation target when setting interest rates, but also the “maximum, sustainable” level of employment. This addition was proposed by the incoming government which was formed last year following considerable coalition horse trading when September’s election produced a hung parliament. Reports in the interim suggested that the RBNZ might have liked Auckland to stop short of making the mandate official, but the government has always held firm and said that whoever became the new RBNZ government would have to accept it. Well, now Adrian Orr is installed as that governor and has indeed accepted it.
What this may mean is that interest rates remain lower than they might otherwise have done as the second part of the mandate inclines the RBNZ to wait before raising interest rates to secure the first part. With NZ interest rates already at record lows, inflation docile and import levels below expectations, the dual mandate is likely to weigh on NZD/USD.
The pair is already looking a little week on its daily technical charts, having been in a steady, well respected downtrend since February.
GBPNZD continuation pattern?I see GBPNZD to have made the 5 wave elliott structure.
It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different).
I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend.
I would wait for consolidation just below/just above the top trendline for the flag to confirm the trend is resuming.
The arrow finishes at the 23.6% extension and it could continue well past there.
Any advice or feeback is appreciated.
Thanks.
EURNZDAs idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for concern as the nation shifts away from export led growth, weakness in the Euro-Zone may cap any significant reversal.
potential buy opportunity a trend reversal on a 4hr time frame is building and can be open towards some buy opportunities.
eurnzd Can the bulls sustain control with the recent aggressive market correction?
2 potentials for EURNZD
