AUDNZD on daily chart Indicators are on the downside Price fell on bollinger bottom band In this case, we can be expected to the decline ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
Future Of US Dollars - What About US Dollars? What do you think will happen to UJ? OR DXY? Check out the chart below and let me know what you think?
OANDA:GBPNZD Observations 1)China released O.K. macro which translates into stronger 'Kiwi' as almost 50% export from New Zealand just head to one single market; the Chinese. 2)Let's think the 61.8% Fib was rejected, then we start a move lower as the GBP$ appreciated too much too fast and at the beginning of 2018 that was decent profits that smart money...
NZDUSD is in certified uptrend on the daily and has since pulled back and tested old support and verified it has now become resistance (Purple circle on daily .69500-.69400) This also aligns with my current trading plan bias of XXX/USD symbols higher with lower USD/XXX symbols (See related idea.) Two entry points have been established, of which I will enter 2%...
Last week price broke above key resistance at 0.69530 after a strong rally. A pullback and re-test of broken resistance turning support (and forming a Bull Flag type set up) will provide an opportunity to look for long set ups towards the target of 0.70588.
NzdUsd continues to range with neither currency really gaining any traction. Range top at 0.69530 is the focus as long as price is above 0.68217.
Last week price broke below key support at 0.68217 before failing to hold as resistance breaking back above this area. As a result, and with a weak USD, further advances seem likely next week with a correction (possibly even a retest of 0.68217 as support) to provide opportunities to look for longs towards key resistance at 0.69530.
Despite weakness in the USD the NZDUSD continued its decline last week underlining the current weakness in the NZD Dollar. We go into next week re-testing broken support as resistance at 0.68217 proving a great place to look for short down towards the next key areas of support at 0.67726 and 0.66791 respectively.
Lat week price re-tested key resistance at 0.69530 and finished the week below this key area. As a result this provides a great chance to look for Bearish formations and patterns back down towards the bottom of the corrective move at 0.68640 and 0.68217 respectively.
We start the week with NzdUsd having corrected towards resistance at 0.69530, as expected (from last week). We are now looking for further declines next week towards the targets of 0.67726 and 0.66791 respectively. It should be noted however that as the sell off from the 0.71429 area of resistance was so strong, there is a heightened risk of a range forming.
Price bounced off its daily uptrend line & strong support. I am watching for a break the CTL before going long.. NZD News later today lets see if we can get a strong push to the upside first target at the 61.8 fibonacci level !
We start the week at last weeks targets and key support areas of 0.68640 and 0.68217. Whilst we are looking for further declines, a possible larger correction could take place before the Bear trend resumes. A correction into the key area of resistance at 0.69530 will provide a great area to look for shorts down to the target of 0.66791.
Last week the NzdUsd sold off heavily after news of a change of government in New Zealand reflecting a level of market uncertainty about continuity of New Zealand political policy. As a result we will be looking for a possible small channel to the upside, possibly with a re-test of broken support turning resistance at 0.70588, where we will look for Bearish...
Back at the top of its daily wedge, will we see a break or bounce? Lets observe...
Watch for breakout of consolidation... Price could easily go up another 200 pips to next weekly resistance!
Channel breakout after price made a double top at resistance, now waiting on a potential retest to broken channel to head lower..
Bearish bat formation, don't trade these usually but I see price has rejected at resistance. Market opened up with a gap breaking above the downtrend line sending this pair higher, but the gap was never filled. I believe we might get a chance to fill that gap now at the supply level..