CXY + ZXY / Both expecting to go upside lets seeThis is my analyse im expecting them to go also up because same as the pound they are in a zone to take a long from !
About New Zealand Dollar Currency Index
The New Zealand Dollar Currency Index (ZXY) is one of the indices significant for understanding the real strength of the currency. ZXY shows a relation between the NZD and other major currencies. The New Zealand dollar is a commodity currency along with the CAD and the AUD. The rate of the NZD might be influenced by export volumes — the country depends on supply to China and Australia where New Zealand delivers, for example, milk products. If export volumes are increasing, it may hike the New Zealand dollar index as well.
ZXY is Poised To Reach 59 Soon🚨NZD Outlook
NZD has been under a bearish outlook for the past three weeks.
At first, there was speculation about the inflation data but as we can see the RBNZ marked a very big improvement this month and was lower compared to other major economies.
🔸New Zealand's annual CPI inflation came in at 3.
Weekly Major Currencies Index AnalysisDear traders,
this weekly analysis that I started posting requires your work too. Don't just relay on my analysis.
Please draw your trend lines and study price action to either confirm or deny my analysis.
It is for all 8 major Price Index currencies from Monthly, Weekly and Daily charts.
My inte
Trading with IndexIndex depicts the strength of each currency. The index is also often used as an indicator of a country's economic health. If the index strengthens, then the country's economic growth is considered stable.
Thus, this index can be used as a basic map of the movement of each pair in forex trading.
In g
ZXY Bullish Long Trade IndicesThis is an trade idea for New Zealand Dollar Index ZXY. There RSI is Over Sold that is why I am expecting it go up, RSI is oversold in most of the cases when RSI has pressure either sold or buy Price corrects or rejects.
ZXY and 6M levelsTrying to figure out the 12M and 6M levels for the ZXY seems like at a support level, but new week opening and the next month opening will give a clear picture , trying to provide the weekly levels in comment section, also, will post the next month range after the closing of this month
ZXY BUY SETUPZXY as seen on the daily time frame is on a long position. price is moving to the top on daily considered here.
BTC - LongStrong HTF support on BTC. It’s taken stop up and down and if its got to up, its probably from here or we go short.
I’m looking for one more bear market rally before anything else, so lets see if this plays out. Decent RR, good consolidation. I don’t really see the strength in this signal, but I ha
ZXY OutlookI see ZXY as a good currency to enter long trades against for bullish index currency pairs until we test 1.382 level
Offcourse - one must keep checking the validity of the trend daily basis
Waiting for long positionPossible trend reversal. Appearance of bullish hammer. Testing of Fibonacci retracement support and bounce back.
However, further monitoring required for dow theory validity.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of New Zealand Dollar Currency Index is 56.54 USD — it has risen by 0.67% in the past 24 hours. Track the index more closely on the New Zealand Dollar Currency Index chart.
New Zealand Dollar Currency Index reached its highest quote on Jul 10, 2014 — 88.32 USD. See more data on the New Zealand Dollar Currency Index chart.
The lowest ever quote of New Zealand Dollar Currency Index is 49.20 USD. It was reached on Mar 2, 2009. See more data on the New Zealand Dollar Currency Index chart.
New Zealand Dollar Currency Index value has decreased by −1.84% in the past week, since last month it has shown a −3.67% decrease, and over the year it's decreased by −9.72%. Keep track of all changes on the New Zealand Dollar Currency Index chart.
New Zealand Dollar Currency Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy New Zealand Dollar Currency Index futures or funds or invest in its components.