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  #71  
Old 11-08-2017, 07:49 AM
painofhell painofhell is offline
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All our targets which we predicted in Yesterday's analysis has been hit. NZD/USD is still under pressure and expected to trade with a bearish outlook. Although the pair broke above its 20-period and 50-period moving averages, it is still trading below the key resistance at 0.7315, which should limit the upside potential. Even though a continuation of technical rebound cannot be ruled out, its extent should be limited.
Therefore, as long as 0.7315 holds on the upside, a further drop to 0.7240 and even to 0.7210 seems more likely to occur.

Chart Explanation:
The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it remains below the pivot point, it will indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7350, 0.7370, and 0.7390
Support levels: 0.7240, 0.7210, and 0.7180

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  #72  
Old 19-08-2017, 01:49 AM
painofhell painofhell is offline
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NZD/USD has been quite volatile recently on the way to retesting the resistance area of 0.7370-0.7460. Yesterday, NZD has lost grounds due to positive economic reports from the United States which lead to more volatility in this pair recently. New Zealand posted a positive PPI input report published yesterday at 1.4% which previously was at 0.8% and expectation was at 0.9%. At the same time, the PPI Output was als positive at 1.3% which was expected to decrease to 0.7% from 1.4%. However, the currency has gained quite impulsively in the early hours of the market but could not sustain it long enough. On the other hand, today the Prelim UoM Consumer Sentiment report is going to be published which is expected to show a slight increase to 94.0 from the previous figure of 93.4.
If the report shows a better than expected result, then we might see more bearish pressure in this pair in the coming days. NZD has been quite positive with the economic reports recently but could not maintain gains long enough against USD, which indicates that USD is stronger than NZD despite the variation of economic report effects.

Now let us look at the technical view. The price is currently proceeding higher with a target towards the resistance area of 0.7370-0.7460 but in a volatile corrective structure. The price is currently expected to reject the resistance area and then proceed lower towards 0.7050 support level in the coming days. As the price remains below the resistance level of 0.7460, the bearish bias is expected to continue further in the coming days.

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  #73  
Old 19-08-2017, 02:05 AM
painofhell painofhell is offline
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NZD/USD is expected to trade in higher range. The pair is trading above its ascending 20-period and 50-period moving averages, which play support roles and maintain the bullish bias. The relative strength index is supported by a rising trend line.
To sum up, as long as 0.7280 is not broken, further upside to 0.7350 and even to 0.7365 seems more likely to occur.

The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it remains below the pivot point, it will indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7350, 0.7365, and 0.7400
Support levels: 0.7250, 0.7225, and 0.7175

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  #74  
Old 25-08-2017, 03:44 AM
painofhell painofhell is offline
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NZD/USD is under pressure and expected to continue its downside movement. The pair failed to break above its key resistance at 0.7235 and consolidated on the downside. The declining 20-period moving average crossed below the 50-period one, which is a negative signal. The relative strength index is below its neutrality level at 50 and lacks upward momentum.
As long as 0.7235 holds on the upside, look for a further drop towards 0.7170 and even 0.7145 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it remains below the pivot point, it will indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7255, 0.7280, and 0.7315
Support levels: 0.7170, 0.7145, and 0.7100

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  #75  
Old 25-08-2017, 09:17 PM
painofhell painofhell is offline
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NZD/USD has been quite bearish in nature but currently, it is showing some bullish intervention denoting certain retracement in the pair. Though NZD spending has been decreased a bit according to the recent economic reports but the Trade Balance showed better than expected which did help in some growth today. Recently NZD Trade Balance was published at 85M which was previously at 246M but it was expected to be negative at -200M. On the other hand, today's USD Core Durable Goods Orders report is going to be published which is expected to increase to 0.4% from the previous value of 0.1% and Durable Goods Orders is expected to be negative at -0.6% from the previous value of 6.4%.
Along with these economic reports, FED Chair Yellen is going to speak today about the nation's interest rate decision and monetary policy which is expected to be hawkish in nature. To sum up, NZD has been recently heavily dominated by USD which is expected to continue further but NZD do seem to show some gain for the short-term due to positive trade balance report but the bearish trend is expected to continue further.

Now let us look at the technical view, the price is currently showing some bullish pressure which is expected to reach towards the dynamic level of 20 EMA before proceeding with the bearish trend. If the price rejects off the 20 EMA with a daily close then we will be looking forward to the price reaching the 0.7050 support level. As the price remains below the resistance area of 0.7370-0.7460 the bearish bias is expected to continue further.

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  #76  
Old 01-09-2017, 06:01 PM
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NZD/USD has been dominated by bears in a nonvolatile manner since the bounce from 0.7550 resistance area. NZD has been quite negative with the reports recently whereas USD has been quite positive and showing consistent growth in the economic reports. Today NZD Overseas Trade Index report was published with worse value at 1.5% from the previous value of 3.9% which was expected to be at 3.5% at least.
The worse report did put the currency in more pressure against USD today whereas high impact USD economic reports are going to be published. Today USD Average Earning Index report is going to be published which is expected to decrease to 0.2% from the previous value of 0.3%, Non-Farm Employment Change is expected to decrease at 180k from the previous figure of 209k, Unemployment Rate is expected to be unchanged at 4.3% and ISM Manufacturing PMI report is expected to have slight increase to 56.5 from the previous figure of 56.3. To sum up, today a good amount of volatility is expected to hit the pair whereas USD is expected to gain more strength over NZD in the coming days.

Now let us look at the technical view, the price has been quite loyal to the dynamic level of 20 EMA rejecting the bulls recently. Currently, the price is expected to be bearish in nature with a target towards 0.6940-0.7050 support area. As the price remains below the dynamic level of 20 EMA the bearish bias is expected to continue further.

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  #77  
Old 09-09-2017, 06:37 PM
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Overview:
The NZD/USD pair bullish trend from the support levels of 0.7231 and 0.7293. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support is seen at 0.7293, which coincides with a golden ratio (38.2% of Fibonacci). Consequently, the first support is set at the level of 0.7293. So, the market is likely to show signs of a bullish trend around the spot of 0.7293.

In other words, buy orders are recommended above the price of 0.7293 with the first target at the level of 0.7343. Furthermore, if the trend is able to breakout through the first resistance level of 0.7343. We should see the pair climbing towards the double top (0.7393) as next objective. It would also be wise to consider where to place a stop loss; this should be set below the second support of 0.7231.

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  #78  
Old 16-09-2017, 01:44 AM
painofhell painofhell is offline
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NZD/USD is under pressure and expected to continue the downside movement. Despite the recent rebound from 0.7220 (the low of September 13), the pair is trading below its key resistance at 0.7265, which should limit the upside potential. The declining 50-period moving average is playing a resistance role. The relative strength index is below its neutrality level at 50.
To conclude, below 0.7265, look for a new drop with targets at 0.7170 and 0.7145 in extension.

The black line shows the pivot point. Currently, the price is above the pivot point, which indicates the bullish position. If it remains below the pivot point, it will indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7290, 0.7305, and 0.7350
Support levels: 0.7170, 0.7145, and 0.7100

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  #79  
Old 20-09-2017, 07:15 AM
painofhell painofhell is offline
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NZD/USD is expected to trade with a bullish outlook above the key support level of 0.7245. From a technical point of view, the relative strength index is bullish and is calling for further upside. In addition, the 20-period moving average on a 30-minute chart crossed above the 50-period moving average triggering a bullish signal.
As a consequence, long positions above 0.7245 with targets at 0.7310 and 0.7345 in extension can be considered.

The black line is showing the pivot point. Currently, the price is above the pivot point, which indicates long positions. If it remains below the pivot point, it will indicate short positions. The red lines is showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7310, 0.7345, and 0.7380
Support levels: 0.7210, 0.7180, and 0.7150

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  #80  
Old 07-10-2017, 12:35 AM
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All our targets which we predicted in yesterday's analysis have been hit. NZDUSD is still under pressure and expected to trade in a lower range. The pair recorded lower tops and lower bottoms since Oct. 3, which confirmed a negative outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. The relative strength index advocates for a further decline.
To conclude, below 0.7120, look for a new test with targets at 0.7030 and 0.7000 in extension.

The black line is showing the pivot point. Currently, the price is above the pivot point, which indicates long positions. If it remains below the pivot point, it will indicate short positions. The red lines are showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7145, 0.7170, and 0.7200
Support levels: 0.7030, 0.7000, and 0.6955

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