Nzdusdforecast
Can NZDUSD raid its highs and then trade lower into 0.6532?I am looking to see if NZDUSD will run its highs out into 0.6566, then reject and trade lower into 0.6532
NZDUSD - Long Descending Channel BrokenNZDUSD has been travelling in a descending channel for quite some time now, until last week when it broke out of the channel to the upside, We are expecting price to come back down to retest the channel before making its way up to 0.66800 region.
Possible Short for NZDUSD Possible long for NZDUSD. Price has remained beneath both the 200 EMA and the 50 EMA indicating a strong short bias. Price has also been following a parallel trend for the past couple of weeks and has recently hit the trend line channel resistance, also indicating a short bias. Price has also been recently rejected by a local resistance line. FX:NZDUSD
New Zealand Dollar / U.S. Dollar NZDUSD to BUYTwo weeks ago, I stated market is getting ready for a buy as it entered oversold region of RSI.
This is an update for entry area to buy up, RSI bottomed at 27 reading and market hit a good support area as depicted in it's history.
Market has now retracing down to possibly form a double bottom as it often does, then a good uptrend likely to follow.
Will try a harmonic pattern for market to highlight possible take profit and retracement areas.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Original chart from two weeks ago attached.
#NZDUSD Will continue the trend?We are trading with the trend and currently, we are on a downward trend, a few more reasons to sell signal:
1. The nzdusd price is below the 200 moving average.
2. The indicator Ichimoku indicates continued declines.
Entry price:0.6657
Take profit: 0.6480
Stop loss:0.6730
New Zealand Dollar / U.S. Dollar NZDUSD to BUYMarket getting ready to change trend for a buy .
RSI signalling oversold at 37 reading.
Get in on buy and enjoy your profits.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Possible Long Position for NZDUSDPossible long position available for NZDUSD. I have been away for. a while but as soon as I jumped on a couple of days ago, I had already predicted and drawn that parallel channel before the last 3 daily candles came out. We can see a strong push to a strong support zone which could indicate that a reversal will be occurring. I have set a tiny stop loss of 17 pips for this one with a take profit of 92 pips which makes for a good risk to reward ratio. Keep an eye out for updates. FX:NZDUSD
Selling NZDUSD, Short the Kiwi 16 April 2019Trade no.1006
Order Type: Market Sell
Sell at 0.6755
SL at 0.6784
TP near 0.6730 or 30 pips+
NZDUSD buy ideaSince USD is supposedly getting weaker so we can take a buy trade on NZDUSD.
Above a decent support.
Keep it simple
NZDUSD Triangle at h4So currently the price were somewhat exhausted at 0.68.
If this line holds, it open the posibilities of price creating a symmetrical triangle for the pair.
NZDUSD / TECHNICAL CHART ( CYPHER PATTERN )NZDUSD / TECHNICAL CHART
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NZDUSD Triangle Pattern on the daily chartLatest New Zeland macroeconomic figures are showing the economy is slowing down.
Employment Change (QoQ) (Q4) 0.1%
Labor Cost Index (QoQ) (Q4) 0.5%
Labor Cost Index (YoY) (Q4) 2.0%
Participation Rate (Q4) 70.90%
Unemployment Rate (Q4) 4.3%
BNZ, which is one of the most dovish central banks by stating that it will not increase any interest rates until the end of 2020, can continue to hold its dovish stance in the next week’s meeting with this data.
On the other hand, the FED is still the safest haven with its USD 2.5% interest rate even though its dovish stance.
Economic Calendar
The most important calendar data for the pair is undoubtedly RBNZ meeting on February 13th – No policy change is expected
If the negotiations between the US and China to be held on February 28th do not result in a market expectation, the market may switch to risk-off mode. This may be catalysed for new decreases in the pair.
Technically:
The pair broke the short term bullish trend line. We see a triangle pattern on the daily charts. The pair is likely to test the baseline of the triangle 0.66500. Breakout of the triangle will trigger the bearish move.
Invalidation level of the pattern is 0.69500.
Breakout Level is 0.66500
Targets will be:
0.6590
0.6550
0.6440
