The New Zealand dollar's performance in response to this week's policy meeting will likely depend on whether the RBNZ signals that a bigger 50bp hike is more likely at its upcoming policy meeting. The underlying case for further policy tightening in New Zealand remains compelling. The latest CPI and labor market reports both continue to reveal building...
NZD-JPY was trading in a downtrend Below a falling resistance line But the the resistance was broken To the upside , And I think that after the pullback and retest the broken falling resistance line , we will see a move up Towards the target above
Hola look monthly touches good retrace golden ratio gng up again maybe stop by weekly , and daily , wait till 4 hour turn bullli
Once it breaks previous candle high @ 82.489, it is likely to go up towards 83.645
Welcome back! Here's an analysis of this pair! **NZDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
In this update we review the recent price action in NZDJPY and ideentify the next high probability trading strategy and price objectives to target
We are highly likely to see a strong recovery in the New Zealand Dollar Against the U.S Dollar as interest rates in New Zealand continue to rise. Markets expect the Reserve Bank of New Zealand to raise the cash rate to 3.50% by year-end, which will be a premium 0.75% to 1.00% Interest rate over the U.S. This means any investors holding short positions in NZD/USD...
This is my new trade idea: I'm waiting for the price to reach 0.62750 (which is level 60 Fib on 4H time frame. After that, I expect the price to go down and form a new LL on daily chart.
On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 0.65455 where the 38.2% Fibonacci retracement is from our 1st support at 0.64103 in line with the pullback support. Alternatively, price may break structure and head for 2nd support where the swing low support is. Any opinions, news,...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hello traders, This pair is yet to tap into the monthly order block and is retracing on the weekly which gives a good reason why the bearish move is not over yet. On the monthly timeframe, you will notice that price is likely going to take out the low it created so that it can have enough liquidity to push upwards. On the 4H timeframe, my sell limit order has...
On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 0.65455 where the 38.2% Fibonacci retracement is from our 1st support at 0.64103 in line with the pullback support. Alternatively, price may break structure and head for 2nd support where the swing low support is. Any opinions, news,...
Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 2 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to...
Take your profits at price level 0.82458. I am waiting for the next pull back in entering again for NZDCAD.
Look for a 116.0 pip movement for NZDJPY. Price closed above trend line resistance and became trend line support. I am forecasting price to reach 83.313. I am setting my take profit at 83.313.
NZD FUNDAMENTAL BIAS: BULLISH 1. Monetary Policy At their April meeting the RBNZ surprise economists but not STIR markets by delivering a 50bsp hike, taking the OCR to 1.50%. The bank stressed, like most others, that inflation is a concern and that they will ensure that higher price pressures don’t become embedded in longer-term inflation expectations. The...
Here is our technical outlook on NZDCHF. Our analysis is based on fundamental & technical metrics. According to our chart NZDCHF is coiling on supply zone. Based on our stand point the price will go lower to the next support level. Like, comment and subscribe to our TradingView Page. ❤️ Please, support our work with like & comment! ❤️
Events: US - FOMC Minute US - core PCE Inflation US - FED Speakers FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish. _________________ NZD - RBNZ rates decision Close to a 50bp hike is priced in. Expect a move in NZD if they only...