In today’s #marketinsights video recording, I talk about NZDUSD and USDJPY FX Majors Not only markets expected with 80% chance that RBNZ will cut rates which they never got, but the central bank also said that kiwi is expected to be supported in the medium term by the low exchange and interest rates. USDJPY on the other hand, remained somewhat muted as Trump...
Hello dear Forex friends, hope you're doing well guys! ;) The Kiwi is at a critical stage similar to the Aussie: We have only a few important levels left, before the 2008 financial crisis lows are lurking in the background. The Kiwi falling down to 60 Cents psychological would at the same time mean that we get oversold on the Weekly, which would be a great...
In this video update, we take a look at NZDUSD as we expect the price to test the 0.6700 resistance. The CoT reports highlighted an increase in long contracts this week showing us the commercials are happy to buy at these levels. The 4hr timeframe has highlighted a minor demand zone around 0.6600 where the price could find buyers.
NZDJPY has been high on our watchlist for a long opportunity for some time now. The 4hr chart is starting to form a higher high and a higher low and is set up for a swing trading opportunity.
In this video update, we are taking a look at NZDUSD as the price is breaking into new highs on the daily timeframe. Now that price is breaking higher we can look for potential add in trades on the lower timeframes. We already hold a position on the daily timeframe from the initial bullish engulfing candle. We are expecting price to test the April highs around 0.6700.
In this video update, we take a look at the swing trading opportunity we identified in yesterdays youtube video. We are expecting the price to continue to move higher after finding support. As it is a Friday you can look to manage the trade in accordance with your own trading plan.
NZDUSD remains weak across the board as we outlined in our market outlook this week. We expect this to continue against the stronger currencies however we may see some buyers step back into the market at the key demand zone here. This will be likely ad the DXY sits at the key resistance, any USD weakness will help the NZDUSD price push higher.
NZDCAD is a very wild bucking bronco. Recent price action in a ranging market holds some potential for long or short positions. But at this time it's a waiting game. Avoid FOMO.
In this video update, we take a look at NZDUSD as price is respecting the supporting trendline zone. However, we could see further downside to come to the kiwi as the RBNZ did state that the next rate announcement will likely be lower. If the market rallies back to minor resistance levels we will be looking for further shorting opporunities here.
Would of done this video with voiceover but have ze man flu & sound crokey as hell. WEEKLY back under & failing at major resistance levels. 4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.
NZD/USD NZD/JPY NZD/CHF NZD/CAD
Crab within Bearish 3 Drives Formation. D point against a very Bearish Daily support Line & 61.8% of Daily Uptrend Break.