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NZD (New Zealand Dollar)

NZDJPY WHERE ITS HEADED!!On Friday NZDJPY rallied near to 65.00. So what's next? According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there. What should be the plan?? If we are long on this pair, nook profit here or at least save some by moving stop-loss above. If planning a short then don't take it now, wait till it gets confirmation below 65.00. Otherwise, be neutral as it has high chances to rebound from 65.00 levels if not, then it may rebound again from 63.700 which proved to be a strong support region. Now, if you liked this analysis then leave a like and follow me. :)
by ng_forex
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 1.0610 TP2= @ 1.0575 TP3= @ 1.0530 SL: Break Above R2
Short
by ForecastCity_EU
8
NZDJPY GREAT OPPORTUNITYNZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels. So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we can see 65.500 to 66.00 levels. So, in my opinion, if we take a long here, it is a great opportunity with less risk and high rewards.
Long
by ng_forex
Don't miss the great sell opportunity in NZDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6075). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 0.5975 TP2= @ 0.5910 TP3= @ 0.5850 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (65.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 64.28 TP2= @ 63.73 TP3= @ 63.10 SL: Break Above R2
Short
by ForecastCity_EU
5
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.067). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 25. Take Profits: TP1= @ 1.0602 TP2= @ 1.0570 TP3= @ 1.0530 SL: Break Above R2
Short
by ForecastCity_EU
4
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.0531). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 37. Take Profits: TP1= @ 1.0457 TP2= @ 1.0382 TP3= @ 1.0307 SL: Break Above R2
Short
by ForecastCity_EU
7
Don't miss the great buy opportunity in NZDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8443). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 58. Take Profits: TP1= @ 0.8555 TP2= @ 0.8684 TP3= @ 0.8798 SL= Break below S2
Long
by ForecastCity_EU
6
Don't miss the great sell opportunity in NZDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6030). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 0.5940 TP2= @ 0.5847 TP3= @ 0.5588 SL: Break Above R2
Short
by ForecastCity_EU
3
NZD/JPY POSSIBLE SELL OPPORTUNITYNZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING DOWNWARD TOWARDS SUPPORT LEVEL OF 63.093 AND FURTHER TARGET AREAS. ENTRY - BELOW 65.736 SL - AROUND 66.547 TP1 - AROUND 63.093 TP2 - AROUND 61.861
Short
by mkumar2294
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.5875. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.5945. TP4: R2=0.597. Set the stoploss of these orders at breakout of S2=0.5845. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.5845. In this situation, there is an expectation to reach the target S3=0.5755. Set the stoploss of reverse orders at breakout of S1=0.5875. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
6
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (64.82). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 65.90 TP2= @ 66.60 TP3= @ 67.85 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great sell opportunity in AUDNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.0220). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. Take Profits: TP1= @ 1.0124 TP2= @ 1.0075 TP3= @ 1.0020 SL: Break Above R2
Short
by ForecastCity_EU
2
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.576. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.586. TP4: R2=0.592. Set the stoploss of these orders at breakout of S2=0.5735. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.5735. In this situation, there is an expectation to reach the target S3=0.5615. Set the stoploss of reverse orders at breakout of S1=0.576. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
1
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Take Profits: TP1= @ 2.0023 TP2= @ 1.9620 TP3= @ 1.8937 SL: Break Above R2
Short
by ForecastCity_EU
5