We have a possible two-way outcome to this trade so will be interesting to see how the fundamentals affect this pair over the course of the next 24 hours.
1. Our alert is set up at price: 0.87274 and if this hits we would then look to see how the price reacts and wait for confirmation to enter a BUY position back up to its original level of resistance.
2. The price could break and fall through the alert price and continue on the downside resulting in a bearish movement. 0.86643 level is where previous rejection has happened, so this would be interesting to see depending on fundamentals whether or not a bearish breakout could happen.
BUY ALERT: 0.87274
SL: 0.86430
TP1: 0.88318
TP2: 0.88947
TP3: 0.90121
Total Pips: 284
Fundamentals:
⚜️ NZD
- Trade balance YoY: it is the difference between the value of a country's exports and imports over a period of a year. A positive trade balance means that exports exceed imports, negative means the opposite. A positive balance illustrates the high competitiveness of a country's economy. Previous result NZ$-0.12B. Currently doesn't look promising.
- Export and Import values that consist of transactions in goods and services from non-residents to residents. Looks promising as exports are higher than imports: $4.912B to $4.63B
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0. 01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures, Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.
1. Our alert is set up at price: 0.87274 and if this hits we would then look to see how the price reacts and wait for confirmation to enter a BUY position back up to its original level of resistance.
2. The price could break and fall through the alert price and continue on the downside resulting in a bearish movement. 0.86643 level is where previous rejection has happened, so this would be interesting to see depending on fundamentals whether or not a bearish breakout could happen.
BUY ALERT: 0.87274
SL: 0.86430
TP1: 0.88318
TP2: 0.88947
TP3: 0.90121
Total Pips: 284
Fundamentals:
⚜️ NZD
- Trade balance YoY: it is the difference between the value of a country's exports and imports over a period of a year. A positive trade balance means that exports exceed imports, negative means the opposite. A positive balance illustrates the high competitiveness of a country's economy. Previous result NZ$-0.12B. Currently doesn't look promising.
- Export and Import values that consist of transactions in goods and services from non-residents to residents. Looks promising as exports are higher than imports: $4.912B to $4.63B
⚠️📈Risk Management // Disclaimer 📈⚠️
• Please remember that patience is the second name of this business and risk management is everything.
• Do not risk more than what you can afford and do not be greedy.
• The analysis, insights, and market breakdowns we provide are just ideas so it is your choice to follow our analysis or not.
• We will not be held responsible for any losses on your account as we do not have access to gain control to place your trades, you are the manager of your capital and it is down to you to manage this correctly.
Lot Sizes:
💰 £100-£300 : 0. 01 - 0.03
💰£400 - £500 : 0.04 - 0.05
💰£1000 - £2000 : 0.1 - 0.15
*******************************
Trading Futures, Forex, CFDs, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Trading View posts and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
We do, however, encourage our clients that are intending to trade, to be fully aware of the risks, fundamentals, technicalities associated with being a profitable trader. Appropriate training is necessary to succeed.
A reminder - trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage.
We do not take responsibility for any trader's loss and gain no reward or have no ownership of any profits made.