From the technical point of view, we can see that the pair has reached exactly up to its upper trend line which has accompanied the pair over its last moves.
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From the technical point of view, we can see that the pair has reached exactly up to its upper trend line which has accompanied the pair over its last moves.
NZD/USD reached a new all time high on Friday at 0.8670 and retreated afterwards to finish the week around 0.8640. The pair posted the fourth weekly gains in a row and has risen 650 pips since June 27.
kal raato nzdusd bahut gir gaya par usne wapis recover bhi kar diya, mujhe lagta hai ye neeche bahut jaa sakta hai par iska llongterm uptrend ki taraf hai
i think going Long positions above 0.825 with targets at 0.8395 and 0.8475 in extension.
and for moving below 0.825 look for further downside with 0.82 and 0.81 as targets.
good trade
The New Zealand dollar is pressured with downbeat growth signals with signs the U.S. economic recovery is losing momentum all worsening the outlook for the global recovery and denting demand for the commodity currency.
First target could be 0.8470 for 200 pips. Of course would try to trail second position for maximum profit with swings (roomy trail stop could be for about 200 pips too).
If a M15 close above 0.8197 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8071 sell only and do not buy. If price closes back above it again do nothing
The range 0.8197 and 0.8071 is neutral area, any trade done in between is personal decision and not part of this analysis
topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8400.
NZD/USD fell hard on Wednesday as the markets around the world fell. The pair most certainly has plenty of support in the .80 area, and a bounce could come there, but we are starting to see that it is a bullish market that seems easy to knock back down
the pair is trading now above the level of 0.8100 and that's mean the uptrend is still standing and the pair might reach 0.8200 , but if the pair succeeded in breaking 0.8100 , it will continue in down trend heading to 0.8070 and then 0.8030
The latest violent bearish reversal off of post-float record highs is significant with the market now looking to carve out a major top. Next key support comes in by 0.7965, with a break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8400.
we can notice from the chart that the pair has closed under 0.8300 , that's mean the down trend is expected and the pair might head to 0.8230 then 0.8200 , however the pair made a hourly correction
Next key support comes in by 0.7965, with a break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8500.
my advice is to let this market finish out the week, and then look at our weekly video for possible clues to the future direction of this pair as it appears to be at a crossroads of sorts now.
the pair is trading under the level of 0.8300 , any way if the pair succeeded in breaking 0.8300, it will continue in it's up movements heading to 0.8330 and then 0.8860
The NZD/USD has been experiencing a meltdown of late and has finally broken its uptrend channel line at .8838 on Monday of this week. The pair had previously been trending higher from the March low of .7108 up to the August 1st high at .8842. Since the original move lower, price has traded back higher contesting our now resistance line giving us trending chances in the direction of our breakout.
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8300 , and that's mean the up trend is still standing and the pair might head to 0.8350 and then 0.8380
the US Dollar mustered new found strength this week. US Jobless claims were released this week better than expected as well retail sales numbers were released today in line with expectations. Retail sales out of New Zealand are on the economic calendar for next week. Any bad news could be a new catalyst for this breakout to continue.
The NZD/USD pair continued its wild swings on Thursday as the markets seem to run from one direction to another every 24 hours. The pair seems like it is in consolidation between 0.84 and 0.81 and could stay in that range for a little while. A break to either side runs into opposing forces just 100 pips away
we are sitting out of this market until we can do analysis on Friday as to the longer-term look of it. If you are inclined to scalp the markets, this could be a good pair for you, depending on the spread you pay.
the chart is showing that the pair has succeeded in closing it's weekly candle above level 0.8300 , and that's mean the up trend is still standing and the pair might head to 0.8350 and then 0.8400
The NZD/USD has been experiencing a meltdown of late and has finally broken its uptrend channel line at .8838 on Monday of this week
The level at 0.8840 has been a great resistance. The price has been falling in the context of an uptrend, just as the AUDUSD has done. The continuation of the present scenario would render the bullish trend invalid (unless the price resumes its northbound journey). As it’s inevitable, the trend would soon come to an end.
The NZD/USD has been experiencing a meltdown of late and has finally broken its uptrend channel line at .8838 on Monday of this week.
the pair is trading under the level of 0.8300 , any way if the pair succeeded in breaking 0.8300, it will continue in it's up movements heading to 0.8330 and then 0.8860
If a M15 close above 0.8336 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8304 sell only and do not buy. If price closes back above it again do nothing
The range 0.8336 and 0.8304 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair has stated it's trading week above the level of 0.8350 and that's mean that the up trend is expected this week and the pair might head to 0.8370 and then 0.8400
The latest violent bearish reversal off of post-float record highs is significant with the market now looking to carve out a major top. Next key support comes in by 0.7965, with a break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8500.
as we can see from the chart has success in breaking the level of 0.8300 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 0.8270 then 0.8230
The latest violent bearish reversal off of post-float record highs is significant with the market now looking to carve out a major top. Next key support comes in by 0.7965
The correction in equities, strength in the Japanese yen of late and strength in the bond markets suggest that the likes of NZD may have a bit of catching up to do on the downside.
The 0.80 is our line in the sand: If we go lower than the mark, we are not buying anymore. The 0.85 just ahead will probably cause a pullback if we go higher, and that could be your entry point to buy.
break and close below this level to trigger a more meaningful topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8500.
the pair and as we can see from the chart has closed it's daily candle above the level of 0.8300 , so , that's mean the up trend is still standing and the pair is heading to 0.8350 then 0.8380
The NZD/USD pair fell and then rose on Friday, as the traders stepped in and took on more risk as the day grew older.
Kiwi started the week with an upside movement against the American dollar, as Asian stock markets extended a global equities rebound, spurring demand for higher yielding currencies.
the pair is heading to the level of 0.8400 , any way if the pair succeeded in breaking 0.8400 , it will continue in it's up movements heading to 0.8440 and then 0.8480
Buy [Start] -> 0.8349
Buy [End] -> 0.8369
Stop Loss -> 0.8309
Max Take Profit -> 0.8404
Resistance 1 -> 0.8387
Resistance 2 -> 0.8447
Resistance 3 -> 0.8505
we can notice from the chart that the pair has closed under 0.8400 , that's mean the down trend is expected and the pair might head to 0.8300 then 0.8270 , however the pair made a hourly correction
Currently uptrend should end around 0.8388 - 0.8426 area. A correction down to below 0.8284 is expected. A rise above 0.8491 will abort the expected correction.