NZDUSD - Intraday - We look to Sell at 0.6150 (stop at 0.6200) Previous support located at 0.6100. Previous resistance located at 0.6150. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6150, resulting in improved risk/reward. A move through 0.6075 will confirm the bearish momentum. Our profit targets will...
The NZDUSD pair hit our target of the last analysis we published following the +5.20% pattern: That High was in fact formed and rejected on the 1D MA50 (blue trend-line), which has been unbroken since April 14. Technically, the price still trades within the long-term Bearish Megaphone pattern, so highs are best viewed as sell opportunities. Naturally however,...
The NZDUSD broke below key support level of 0.6200 on the back of the stronger DXY overnight. The last time price broke below this level was in March 2020. The NZD is likely to remain under pressure as recent data indicated a weaker than forecasted economy and the RBNZ's plan for further rate hikes is considered to be conservative compared to the Federal...
Hey traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.625 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
NZDUSD seems to have broken through the bottom of a bearish Descending Triangle continuation pattern, hinting that deeper losses area ahead. The implied measured-move objective hints that a push toward the 0.58 figure may be in the cards.
Hey traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0,62450 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
The NZD and AUD relationship continues as the NZDUSD prints a similiar bearish pennant pattern to the AUDUSD. The NZD found a strong base at the 0.6200 support level, climbing towards horizontal resistance level of 0.6380, since the 15th of June. With a series of weaker than expected economic data releases, the upward climb in the NZDUSD might be losing steam as...
The Reserve Bank of New Zealand (RBNZ), showing concern about inflation, made another 50bsp hike during May taking its Official Cash Rate to 2.0%. The hawkish tone and actions of the RBNZ paired with fears the US economy could tip into a recession by the end of the year have helped the NZD regain some composure over the past couple of weeks. The NZDUSD made a...
NZD FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE What a head scratcher! The outlook for the NZD has been supportive for the currency on so many fronts. The RBNZ was the first major central bank to really ramp up aggressive policy expectations by setting out a clear hawkish path for higher interest rates and have recently hiked in 50bsp increments and also...
Hey traders, in this week we are monitoring NZDUSD for a long term selling opportunity around 0.632 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring NZDUSD for a selling opportunity around around 0.632 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.636 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
NZDUSD on the 4h chart reached as expected the monthly support at the 0.62500 level. The market is now looking for a retracement and can move to the 0.5 Fibonacci level. How can i approach this scenario? The main trend remain bearish so I will wait for the end of the retracement and look for the best inversion point to set a nice short order according to the...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6465). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6465). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6514). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.6514). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts...