NZD/USD Signal - USD 4 Week Bill Auction - 15 Jul 2021NZDUSD is trending to the upside currently prior to the USD 4 week bill auction, which reveals the yield on the bill. Technically the pair has broken the bearish structure, and is testing the moving average ribbon as support. We anticipate continued upside into the 0.7079.
Kiwi
NZDUSD longLast week the nzd started making a bullish movement because it has completed it's bearish momentum, price pulled back from the support from 0.696. the price may retest 0.696 if not then price will continue in upward direction. We can expect a long position once the 50ma crosses the 200ma or break the resistance of 0.709.
EUR/NZD Signal - EUR Sentix Investor Confidence - 5 Jul 2021EURNZD has bounced from support prior to the EUR Sentix Investor Confidence, which measures the confidence that investors have in various European investments. Technically the pair has bounced from a key support zone and the RSI has generated an oversold signal. We anticipate continued upside into the 1.6985 level.
NZDUSD Short after trendline break - BB BearishNZDUSD is trending to the downside today prior to the USD Housing Price Index, which shows the growth in the US housing market. Technically price has broken an ascending trendline, and is below the 50 hour moving average. We anticipate continued downside into the 0.6977 level.
GBPNZD has broken below the support going down
Welcome back Traders, Investors, and Community!
Hi Traders, GBPNZD on the H4 has broken below the support line with a big red candle which suggest the price will go lower however a Pullback might happen at 1.9797 before it goes lower to another major Support around 1.9667
On the H1 we can see that the market has been Bearish for last couple of hours heading down.
⬇️Sell now or Sell at 1.9797
⭕️SL @ 1.9817
✅TP1 @ 1.9701
✅TP2 @ 1.9667
✅TP3 @ 1.9600
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NZDUSD Downside, Daily Structure has changed!NZDUSD is finding resistance prior to the USD personal income data, which shows the total income for individuals domestically. Technically the pair has found resistance around the significant 0.7300 level after the daily chart broker bullish structure. The 0.7300 region is a strong resistance zone, and we anticipate downside. The PPO has also given a bearish cross.
*** #NZDCAD ** BULLISH OPPORTUNITY ? Hello Traders,
It's been quite the year thus far for 2021 with hope of us coming out of the pandemic
eventually and seeing more normal moves in the market. Last week was quite a bit
of market chop with the news and politics and market rate decisions.
We've identified NZD gaining strength in other pairs and now that has moved over to
NZDCAD. OANDA:NZDCAD
Good Risk to Reward with this setup with Stops around .86400 price mark.
As always, trade only what you are willing to lose!
The Trading Regime
NZDUSD ShortNZDUSD has surged to the upside due to RBNZ being more hawkish, however volume has subsided and I expect a short back to .72000
1. The previous times the kiwi has risen due to RBNZ a few days later it dropped back below where it rose from. (looking for a repeat)
2. Sell volume has been increasing
3. Kiwi is still range bound and with USD gaining strength - kiwi at top of range, this increases the probability of a short trade
This is not financial advice. This is for educational purposes only
NZDUSD Head and shoulders 4-hour chartNZD is in key area, last candle in this chart as you can see closed below the 200 SMA.
MACD signal and the cross of SMA-50 and SMA-100 with the formation of of head and shoulders, could be strong indicator for this pair to tumble well below the level of 0.71750.
Fundamentals with the FED "talking about talking about tapering" with the U.S PMI flash came positive for the USD, weakened the NZD, but let's wait for the Monday New Zealand Retail and core Sales q/q.
It is also worth to note that the monetary policy statement is due on 26th May Wednesday, but they already left it unchanged so it might keep the policy the same as last month.
NZDUSD | Broadening Rising Wedge Formation..!!#NZDUSD (Update)
Expanding Rising WEDGE Formation in 8h timeframe.
If KIWI Remains Above the Trendline, Expecting +200 pips Bullish Wave 📈
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Elliott Wave Analysis: NZDUSD Is Still Pointing HigherHello traders!
Today we will talk about the Kiwi (NZDUSD) its price action from technical point of view and wave structure from Elliott Wave perspective.
NZDUSD is turning higher with impulsive price action, out of a downward corrective channel, so we assume that correction is finished and that pair can be back in bullish mode, especially because of a five-wave rise from the 0.6939 lows. However, nothing moves in straight line, so recent reversal down is normal and ideally it represents a lower degree correction that may form a base at 0.71-0.70 support area. At the same time this pullback can represents the right shoulder of H&S pattern, which is also a bullish development, but it would need broken neckline as a confirmation for an uptrend.
Invalidation level is at 0.6939 previous lows, so as long this holds resumption of an uptrend remains in view.
Trade well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
GBPNZD - Bullish Break and RetestGBPNZD appears to have broken it's recent range along with the downtrend marked above. Price appears to be making a break and retest of the broken range and I expect a continuation back up to the 1.94500 area, a level of noticeable resistance/support as illustrated on the chart.
Let's see if a bullish GBP can push price up to our target area.