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Nzdusdanalysis

NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD - NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 75 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much. - Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly. - Anyway, NZDUSD can sell further until it reaches 0.6094 LEVEL.. After that, it can go up to 0.6700 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
by benny_marshall
There is an analysis of the NZDUSD H1 chartWe used the theory of price action in order to conduct this analysis, so that we could guide our decision-making process. Based on the results of this analysis, we can see that the price is moving upwards while using the ascending channel to do so. In the past several months, the price has given us numerous pullbacks and bounce backs. In addition, the price has also tested the inner trend line in an attempt to complete the uptrend. However, near 0.64096, the price finally broke the inner trend line, giving us a short-term retracement, which gave us a new short-term downtrend. For more accuracy, we use Fibonacci levels. As of today, the price has already broken through the ascending channel and has held the support level of 0.62928 (61.80% of the Fibo). In the following days, we will be able to target the area where we can trade. 1.In the case of a price support moving down, the price is likely to move down and test the next support near 0.62928. If this support is broken, the price will enter a trend. 2.The target area near 0.63336 and 0.63745 is a retracement from the support area and a retest of the channel line; then price closes within the channel. With this analysis, you will be able to find your most profitable trade, since Enclavefx believes in enhancing the knowledge of our clients & followers.
by Enclave_fx
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD - NZDUSD has been going UP very fast in recent days. The reason for that is because the VIX is down and the strength of the dollar is decreasing. But because the MARKET RISK was ON in the previous few days, COMMODITIES also went UP very fast. Because of that, every NZD BASED CURRENCY PAIR was BUY. AUD, NZD, CAD, CURRENCIES BUY in these few days due to MARKET RISK ON again this week. For that, the influence of USD was very strong. Fomc update also affected it strongly this time. And RBNZ made a 75 bps RATE HIKE. Therefore, the NZD STRENGTH is increasing very much. - Thus, COMMODITIES are being BUY quite fast. It also affects the NZD very strongly. - Anyway, NZDUSD can sell further until it reaches 0.6306 LEVEL.. After that, it can go up to 0.6703 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
by benny_marshall
$nzdusd - I am bearish but why?$nzdusd - I am bearish but why? I am bearish since yesterday with Powell I took partials off with NZD & EURNZD long - However, I feel even if we get pull back with these pairs we still have more room for a pull back there are key levels I am looking at and pattern in play wedge, its broken out now my stops are from yesterdays highs if we get above that, then this position is no longer in play. However, imo - it's a very good R/R and that's what we like when it comes to trading. 0.64150 Areas as resistance and support zones: 0.63765, 0.63175, 0.62805 Data wise we got BOE & ECB left - lets see what they have in store for us. Don't forget to trade your own plan. Have a great day ahead, Trade Journal
by Trade_Journal
NZDUSD shortMore & more leveraged funds are moving their positions in order to short the NZD against the USD. We can see it with the COT and the flip made 4 weeks ago. Ok the nzd is rising and the usd is weak but what you need to understand is why leveraged are moving their funds ? Follow the smart people and not the gurus on instagram or whatever. If we summarize : -Big flip (negative to positive) 4 weeks ago with a big part of leveraged which are long on usd (against NZD). -We are reaching a big supply/demand area (close to 0.65) -The usd will be strong soon and you will understand why.... (The gurus will always talk about a pivot but where is it ? Is it for real or just an illusion ?). Oh and yes I forgot to say that we're already in RECESSION, stop listening to these lies !!!!! This is not a financial advice (or a price to enter) but a real analysis, you need to understand how hedge funds and professional are working.
Short
by Fantomeazote