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The New Zealand Dollar weakened against the U.S. Dollar for most of the session on Friday, before end of the week profit-taking and end of the month position-squaring fueled a late session recovery of most of the earlier loss. Despite the intraday rebound rally, the Kiwi still finished lower for the day.
On Friday, the NZD/USD settled at .6310, down 0.0002 or -0.04%.
The NZD/USD continued to be pressured by a dismal outlook for the economy after an ANZ Business Confidence survey released earlier in the week showed companies on edge about the future strength of the economy.
Daily NZD/USD
Daily Swing Chart Technical Analysis
The main trend is down according to the daily swing chart. The NZD/USD began its acceleration to the downside last week when the January 20, 2016 main bottom at .6346 was taken out. This old bottom is new resistance.
The NZD/USD isn’t close to changing its trend to up, but due to the prolonged move down in terms of price and time, traders should start watching for a closing price reversal bottom. Short-sellers should watch because the chart pattern can help them determine when to book profits or lighten up on the short-side. Aggressive counter-trend buyers should look for this chart pattern because it could trigger a strong short-covering rally.
The nearest minor top is .6588. The nearest main top is .6791.
If .6588 to .6283 becomes a new minor range then its 50% level or pivot at .6436 will become the next upside target. If .6791 to .6283 becomes the main bottom then its retracement zone at .6587 to .6635 will become the primary upside target.
Daily Swing Chart Technical Forecast
Based on Friday’s price action, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to Friday’s low at .6283.
Bearish Scenario
A sustained move under .6283 will indicate the presence of sellers. If this generates enough downside momentum then look for the selling to possibly extend into the August 24, 2015 main bottom at .6207.
Bullish Scenario
A sustained move over .6283 will signal the return of buyers. Taking out .6321 will make .6283 a new minor bottom. This could create the upside momentum needed to challenge .6346.
Closing Price Reversal Bottom Scenario
Taking out .6283 then turning higher for the session will put the NZD/USD in a position to post a closing price reversal bottom. This chart pattern won’t change the trend, but it could shift momentum to the upside and this could lead to the start of a counter-trend rally.
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Currency pair is : Nzd/Usd
Current price: 0.6293
Moving average: sell
Resistance level of this pair is:
1# Resistance is: 0.6310
2# Resistance is: 0.6325
3# Resistance is: 0.6340
Supporting level of this pair is :
1# Supporting is: 0.6275
2# Supporting is: 0.6255
3# Supporting is: 0.6240
arabolic indicators show 88.9% Bearish trend and some others
indicators also shows Bearish trend so this pair is strong Sell..
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is pair ne kal hi apna 1 bahut strong resistance .8270 ko break kiya hai...ye 1 bahut purana aur strong resistance tha is pair ka..
isko break karnek e baad isne fir down trend ke option diye h ai lekin i think iske signals ko aur clear hone ka wait karna chahiye kyunki isne abhi apna resistence toda hai
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Market trend of the day:buy
Current price
Previous price
Tell us about market up and all indicators give a green signal for market up
The trade of ßuy will give us a profit
Forex Trading give a chance to become 👍 Millionaire 👍
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Technical analysis of Nzd/Usd
mere hisab se es pair ka ke analysis BEARISH main hai
kun ke Bollinger Bands indicator ka green color yahi show kr raha hai es ke direction ko
or Simple Moving Average indicator bhi es main BEARISH ka trend show kr raha hai
or muje lag raha hai ke yeah pair kafi down main ja sakta hai parabolic SAR ke dot bhe
Trend ko DOWN main show kr rahe hain es hisab se ap log trade enter kr sakte hain,
wining chance trade :69%
enter your take profit :0.6278
enter your stop lose :0.6321
Resistance level :0.6261
Supporting level :0.6347
jb bhi ap log market min enter hote hin tu thora wait zaror kren or jis
day min koi khas news hu us day min trading se fully avoid kren us din main
market ki movement bht fast hoti hi or ap logo ke liye bht zida risk hu sakta hi
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Technical Analysis of the pair NzdUsd
Today trend is sell i am watching some best indicator showing sell trend
Momentum indicators line show sell trend and Alligator indicators also
show sell green line show down trend some other indicators show also down
trend like Moving Average Parabolic also showing down trend
so i suggest this pair trend is down strong Bearish Trend
set the take profit at point,,,,0.6281
and set the stop lose at point,,0.6337
augar ap log chate hin ke forex ki trading min se good profit hu tu ap ko
ek achi invetment ke sath hi traing or good experice ke sath trading krni
chaye low investment or low experience main big risk hu skata hi or ap ke
liye dangerous hu sakta hi ,, good luck ,,
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Today,s Technical Analysis oF The Pair Nzd/Usd
I Select Some Good Indicator I think this is the best indicator so for in the trading
market and give the good guide line in the trading , indicator give the good direction
for long time and short time so i select some best indicator for the trading
and i give the signal based on the indicators
Trend of this pair is BEARISH TREND see in the Bollinger Bands show down trend
if we are watching Relative Strength Index (RSI) also Trend is DOWN and watching
in Moving Average Convergence Divergence (MACD) also trend is Down and Stochastic
show also DOWN trend so i suggest this pair show BEARISH TREND
you enter the trade at the price : 0.6310
and set the take profit at the price: 0.6281
you set the stop lose at the price : 0.6324
and over all Trend is Down and good Bearish trend i hope hit the target
and you make good money, Resistance and Supporting Level also important
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Currency pair is : Nzd/Usd
Current price: 0.6293
Moving average: sell
Resistance level of this pair is:
1# Resistance is: 0.6310
2# Resistance is: 0.6325
3# Resistance is: 0.6340
Supporting level of this pair is :
1# Supporting is: 0.6275
2# Supporting is: 0.6255
3# Supporting is: 0.6240
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Today market trend:sell
Pivot points
Current price
Previous price
And
All indicators tell us a about market trend goes down so follow the indicatora instructions and do the trading*
Forex is a luck game if you want become good trader so do the hardworking and get a huge profit
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Nzd/Usd
Market analysis about trading
Today market trend:sell
Pivot points
Current price
And
Resistance and Support points market ke nechay janay ke haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye
