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Newzealand

ridethepig | EURNZD Trade of the Week📌 In spite of the overshoots to the downside, what we are trading here is a sacrifice... the 'sad tale of the last seller'. I love it when sellers go overboard. Threatening to breakdown, without realising the RBNZ has opened the August window for more free money and NZD devaluation via purchases. The euro occupies the throne in G10 which the dollar has vacated.. We all have our eyes on unity on the fiscal side, and a change of scenery! The euro continues its dance. The purpose of this move is to put into action the debt mutualisation / consolidation. But the move versus USD is becoming more difficult as risk approaches the horizon via Covid. In any case... time for a nice late breakfast while positioning in a dangerous situation. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
1
EURNZD Next Move!Good Day :) Hope everybody is having a great trading week so far (That's if you've been following my analysis) wink* Technical Analysis: EUR/NZD Bias: Neutral - On the 1Hour timeframe price action has broken out of the ascending trendline line. Therefore Price action is currently moving within a descending trendline. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the resistance zone or the support zone. Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout. Please don't forget to smash that like button & share if you've benefited in any way from this post. Trade safe & have a great trading week :)
by Yunus_V
2
It’s a wonderful day to sell NZDUSDThe Head and Shoulders are back. NZD looks primed to face a drop over the next couple of days, printing what can only be described as a textbook head and shoulders. Unfortunately, the only risk on this trade is that there is no specific neckline, which makes take profits a bit hard to mark, and makes the trade a bit inconsistent. However, I have high faith that this trade idea will work out. By looking at the technical indicators, we can clearly see that NZDUSD has run into its local resistance, accompanied by the infamous H&S pattern. I will be selling this at a reasonable rate and will take profit in the green zone.
Short
by lndlsnt
New Zealand dollar coming to the end of the channel🤷🏻‍♀️Hey, friends!😍 ⚠For the first time I am doing an analysis on New Zealand dollar👈🏻  The chart looks interesting🧐 NZD/USD goes to the channel and rests on the resistance level 0.6786, which means, that we are waiting for the next move to be able to successfully open a deal.🎯 I see the opportunity to expect price fixing, the level 0.6786 very powerful, growth is possible. Although if you recall the situation in the world, then many people are afraid to open long now.🤷🏻‍♀️ Guys, remind you.📌 Be careful when opening transactions, especially if we are a short-term trader. Put Stop Losses and Take Profits. Do not be greedy, the market is too volatile today.📌 I embrace everyone🥰 Let's go further 👉🏻 Stay with me❤ Your rocket bomb🚀💣
by RocketBomb
4
AUDJPY Probabilities Price DirectionThis is an easy game to know how the global pandemic isn't settled yet and knowing how all big central banks honchos cooperated together to fight against this pandemic by deciding to lower OCR rates equally to combat against the corona virus. State & Europe are new continents who are for now struggling and combating strongly against this pandemic. I hope they win this battle soon but for now, commodities are hampered badly it seems a pity moment to even know how badly supply chain distortion has ruin commodities overall. Comdolls have very fewer probabilities at this hard period of time to even think that they may rise back. They need some pure remedy like " vaccine development " good reports to bring back optimistic. The move upward may only be some correction or retracement on price but it will be hard to think if it is an overall reversal in trend. We all know oil has been the most interesting commodity lately and knowing how it heavily plunged due to the pandemic case so I have not much good faith over comdolls bullish sentiment at least for now. One interesting thing which I would like to talk about is how New Zeland trying to combat strongly lately knowing how it cuts the rate below RBA (which was emergency cut in the weekend, Sunday) seeing that RBA has still room, for now, to get equal to its neighboring country which probably is a case market participant may price in lower for further remaining rooms for cuts (still 0.25 bp room left comparing to other). And lastly, how could I close my idea without mentioning our China which plays the main role over this global pandemic case. If you knew the more china in hurt or the escalation of spreading the virus rate and death counts then remember it will equally hurt Australia and Newzealand businesses as well so keep in that mind. Be sensitive over global risk news updates. This is all some beyond technical analysis thoughts from my side to this pair and if you find this idea valuable don't forget to support me with providing a thumps up! Peace :)
Short
by Anatta0
3
Here is a buy setup in Spark New Zealand $SPKSpark New Zealand is holding up very well after last week market downturn. We can see Spark New Zealand still above all three rising moving averages at the current time of this post. Technical indicators are showing a strong possibility sell volume are near the end and buyers are coming back in to take control. However, the RSI turned back down today, therefore...a good entry point is when the price can breakout of the previous resistance (yellow line).
ASX:SPKLong
by johninvest17
1
ridethepig | NZD Price Dissection [Live]As we approach the 0.660x handle it is time to take profits from our shorts, well done those following from the entire process from the previous diagrams: All of this is taking place while inside the Macro swing: The radius of our flows has been secure in a wide territory. This could also be considered a base formation in a sense of the word. The major play is to the topside for 1H20 as Dollar devaluation is the underlying theme. A lack of space prevented us from reaching all the way to the topside in the macro target, so we had to briefly pause for a few zig-zag range trading formations. This is a superb live example of trading fast flows and forcing short-term moves. Good luck all those positioning in NZDUSD for the coming weeks, I hope these short-term charts have proven helpful.
Long
by ridethepig
6
ridethepig | NZD Retail Sales FlowWith retail sales out in NZ tonight it is a good time for a short-term flow update. It to me seems a poor choice of moment to advance for bulls, extending the lows after a retest of the 0.6645/60 sell zone with a weak print tonight makes more sense to me. This would be in accordance with the needs of the flow. The 2020 macro map takes on the retrace leg, but another sweep of the lows would be a more reliable guardian. Here recommending longs into the 0.6645/60 resistance as a good opportunity to sell the headline and mount a last attack for the penetration of the lows. We will update the chart should we see the highs visited today. Good luck all those trading Retail sales, after the distortion around last months print it is highly likely in my books that we see a soft undershoot tonight. As usual thanks so much for keeping your support coming with likes, comments and etc.
Long
by ridethepig
8
Buying AUDNZD Aggressively !!A timely update to the previous AUDNZD weekly chart and after completing the initial selloff we are set for a major leg to the topside. Before we dig into the Fundamental and Technical side I recommend for those following to start by reviewing the previous charts to understand how and why we are trading the lows: On the AUD side, markets are pricing an RBA move in Q120 with 50bps cut 60% priced in. Should see some unwinding for those outguessing a surprise like we did with RBNZ. Australian surpluses is providing a mattress to AUD as the historically low yield pick-up is allows deficits to be financed. Perhaps what is most interesting of all and highlights the underlying shift towards the USD devaluation / reflationary theme comes from real money managers who have started to take profits on their AUD shorts after RBA delivered in June & July are once again reaching extremes and ready to unwind again. On the NZD side, NZD is not expected to outperform AUD however the housing market is showing signs of strength as collateral from AUD. Markets have reduce further the over pricing of RBNZ cuts, which is what has supported NZD in the short-medium term. For the fiscal side, we had highlights going overnight to NZ announcing a big round of fiscal spending. Markets have since gone overboard selling AUDNZD. In any case, here is the NZDUSD map for 2020: For the technicals I am tracking an impulsive swing to the highs after markets completed plumbing the 1.03xx lows via NZ fiscal flows (a mouthful). Those with a background in waves will know we have market the lows in a multi year 5 wave sequence which we traded live here: ….and can lean on the AUD macro directional side: Lastly for those following NZDCAD and AUDCAD flows are sitting comfortably in profits and can let the rest run for our final targets: Best of luck all those trading the lows and buying dips. Please keep your support coming with likes and jump into the conversation comments with your views and charts as usual!
Long
by ridethepig
3
ridethepig | AUDNZD Market Commentary 2019.11.29Here we are tracking further downside in the cross as NZD strength continues across the board before AUD takes the wheel in 2020. Among the commodity currencies, NZD stands out the most into year-end and those following the macro updates in Telegram and charts will know I have also been sitting long NZDCAD, with a dovish BoC and RBNZ 'hawkish' surprise there continues to be further upside: For AUDNZD flows, for the most part of 2019 the market has been heavily short NZD, and the NZD short cleansing pullback is likely to continue if regional growth and trade improves. Watching risk sentiment closely, with AUDJPY and NZDJPY coming to life intraday and with the power to drive the commodity currencies on other crosses. On the AUD side, RBA crystal clear about conditions needed for further easing and unlikely in the near-term. On the NZD side, RBNZ slightly hawkish surprise in the last meeting and see a lot of NZD shorts left that that need unwinding. With that in mind I see both AUD and NZD as bullish vs USD: As previously mentioned, confidence for those betting on the topside has increased dramatically after cracking 1.0620, watch closely for follow-throughs here into 2020 after the NZD outperformance theme fades away. Best of luck those already in positions and those looking to build swing positions into 2020. ...Please remember to keep the support coming with likes and comments!
by ridethepig