Hi everyone. Here is my analysis on the new zealand dollar. A very nice movement to take. The 1st level would be to get the trendline (0.5900) If break watch out for 0.5955 then direction 0.6060. BE CAREFUL if it goes below 0.5840 we continue the descent 0.5800 then 0.5600 Comment & like my analys. Follow me too :)
Here is the key factor to keep in mind today for New Zealand Dollar trades: New Zealand Trade Balance: The New Zealand Trade Balance for July was reported at -NZ$685M monthly and at -NZ$4,463M 12-month year-to-date. Economists predicted a figure of -NZ$254M and of -NZ$5,012M. Forex traders can compare this to the New Zealand Trade Balance for June which was...
Make up your own mind and go with it. The breakdown was decisive but decisive breakdowns usually keep on going. The move up is now right at the breakdown point. A firm close above this area will have me going long on Monday with a tight stop. However a breakdown from here will have me doing the opposite
Price has broken through major support. Also notice the death dross forming up. Breaking through 64. support look for 62 next before recovery.
• Market in range • Price at support trench • At range end • Bullish PA
The following are trades setup ideas in 15 mins chart for New Zealand Dollars Futures . There are 2 distinctive dotted lines labeled as 1. AI's Intraday Resistance 2. AI's Intraday Support These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short. If price action was ABOVE...
The following are trades setup ideas in the 1 hour chart for New Zealand Dollars Future. There are 2 distinctive dotted lines labelled as 1. AI's Daily Resistance 2. AI's Daily Support If price action was above the AI Daily Resistance line AND price closed above the Pivot Point line, the idea is to long and take profit at Pivot Point R3 line around the...
looking at the chart of NZD (N61!) daily/4hr. price has arrived back into daily supply, looking at a weak 4hr chat since we removed 4hr demand. looking for a pullback to look for shorts.
confluence of 707 and 1618 makes the 707 more likely to be a reversal zone
Sell N61! @ 0.6517 RSI14 crossed below 40 level.
Price has barely tipped into supply and it appears that early sellers are dominating the run from current price.
Prices have barely tipped into supply and it appears that sellers are dominating the run early.
RSI 3 crossed above 20 RSI14 crossed above 30 Stoch crossover This may be another attempt at a trend change ( to uptrend). Last time this occurred was in July, but it failed due to increasing USD strength. I would enter at .6582 with .6544 as my stop.
Stoch crossed, MACD signal a couple of days ago, and RSI crossed below 40 today. Strong trend down, but I am uncertain how much further down it can go. Been down here for a while now.
After breakout of the ending diagonal structure (previous idea linked below) I am interested in sells. There is now a nice correction forming under the trendline. Not sure if it will reach so high but for now I will place trade as shown. More details on chart.
Looking for entry as shown for a potential breakout of the flag on the hourly and perhaps eventually the flag on the daily (zoom out). Will update later in the day, it will be a busy one for me.
Since the move on USD the New Zealand dollar is setting up for a fall. Projected pattern bullish Gartley. RSI 50% should take us down to S2 support at .7055
Price has climbed steeply. This indicates that price has moved too quickly. Steep and quick is a set up for price to decline anytime. Look at the price levels marked by the horizontal 3 black lines. These are potential areas for price to descend to. Price is also diverging away from the rsi. Rsi line marked on chart is flatter relative to the price climb. Watch...