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Thread: Nzd/Usd
With just a little hard efforts you are enjoying your goals of life profit and loss depending upon you how you work hard
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The China-proxy NZD struggled to find demand on Thursday and started the last day of the week on the back foot amid escalating US-China geopolitical tensions. As of writing, the NZD/USD pair was down 0.2% on the day at 0.6618.
Eyes on US-China headlines, PMI data
China announced on Friday that it shut down the US consulate in Chengdu in retaliation to the US' closure of China's consulate in China. Additionally, US Secretary of State Mike Pompeo said China walked away on its promises on Hong Kong and called upon the free world to triumph over that "new tyranny."
Meanwhile, the data published by Statistics New Zealand showed that the trade deficit narrowed slightly from $1.29 billion to $1.2 billion on a yearly basis in June but was largely ignored by the market participants.
Although market sentiment remains sour with major European equity indexes posting heavy losses, the greenback is having a difficult time erasing its losses against its rivals. Pressure by the sharp drop witnessed in the US Treasury bond yields, the US Dollar Index (DXY) closed the fifth straight in the negative territory on Thursday.
Ahead of the IHS Markit's flash PMI data, which are expected to show that the economic activity in the US manufacturing and the service sector expanded in July, the DXY is staying flat on the day near 94.81.
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Today the trend is buy.
Moving averege or tecnical indicators show kr ry hen market up ho ri hy.
Support point or resisitence b buy k haq me hy.
Forex forum earning krny k liye sb sy best hy .
Is me agr mehnat ki jaye to kafi earning ki ja skti hy us k liye market ki movment k bary me jan lena zruri hota hy.
Agr ap log expirience k bgair trade kren gy to los hoga.
Lekin agr ap ka expirience acha hy to ap behtr earning kr skty hen.
best of luck
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
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Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.Price may bounce from current support , buy on dips or on break above descending trendline , till price remain supported by horizontal level , Idea invalidates if price breaks below support and make new lows. follow us for more..
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NZD / USD closed green candle candle week for the first time since 6 weeks and a candle this week stands at 76 Fibonacci stochastic regions resides at this Oversold accustomed pair is expected to rise again NZD / USD up to 38 areas of Fibonacci and needs closure to expect rise above the husband arrived, but stochastic regions saturation SPV for this could come back to land, if the pair closes above the 38 regions of Fibonacci
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Samranfaizan220 (2020-07-24)
Bearish trend still here. The price now try to break that strong Support (0.7456), I see. Then, of course if truly that Low fibo / support 0.7456 can be break by price = the Sell OP can be nice idea to play here with max. Stoploss above the 0.7550. Look, that the big trend also the Stoch level till now still strong enough to support this bearish, I see This pair couldn't break the strong uptrend line as shown in the included chart , the trend has pushed it up and it is now beginning to correct its low position , most of currencies now are correcting their position against dollar so i expect that this pair will continue moving up and will make a bullish channel with targets @ 0.7941 (38.2%) then @ 0.8116 (50.0%) , Good Luck
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Samranfaizan220 (2020-07-24)
Respected members of Indian forum
This pair surely increas the movement down
Side, because of indicators show that the down
Trend
Pivot Point, Moving average ,Crunt price, Rsi,
Resistance and Supporting points, MACD,
Parabolic sar, Bollinger Band, H4, H1, M30,
All the indicators running the favor down
Side
So market trend this time is sell
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Samranfaizan220 (2020-07-24)
Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Samranfaizan220 (2020-07-24)
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