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NZDUSD

NZD/USD continues to maintain the downtrendGreetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589, reflecting a decline of 0.9% for the day. The increase in value of the US dollar (USD) and higher interest rates offered by the US Treasury have exerted considerable stress on NZDUSD exchange rate.
by Samson-FX
NZD/USD lacks a solid orientation of the day, still under 0.6000The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday. The increase in US Treasury bond yields, supported by prospects of further tightening policies from the Federal Reserve, serves as a favorable catalyst for the Greenback and limits the upward movement of the NZD/USD pair.
by Samson-FX
NZD/USD is still at a defensive level below 0,5950During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day. Conversely, optimistic data from the United States has had a significant impact on strengthening the greenback and acting as a resistance for the NZD/USD pair. Market participants will closely monitor Federal Reserve Chairman Jerome Powell's speech this week. Officials' less hawkish tone may limit USD's price increase compared to its competitors.
by Samson-FX
NZD/USD expands to decrease below 0,5950Hello dear traders! Let's explore the market with SamSon! The NZD/USD pair has been trading in negative territory for two consecutive days during the Asian trading session on Wednesday. The appreciation of this currency pair is supported by a stronger US dollar (USD) and risk aversion sentiment. Currently, this currency pair is trading near 0.5932, down 0.20% for the day. On the other hand, Hawkish stance from the Federal Reserve (Fed) has boosted USD against the New Zealand dollar (NZD) and acted as a resistance level for the NZD/USD pair. In my opinion, there is a possibility of a slight downward correction in the near future, with exchange rate breaking below the trend line and declining to support level at 0.588.
by Samson-FX
NZD/USD maintains above 0.5950 compared to the US dollarHello dear traders! Today NZDUSD continues to shine when it maintains its stable increase at $ 0.595. And still in the trend of increasing, constantly receiving support. In particular, New Zealand economic data seems to have better recovery than expected. The US dollar index (DXY), measuring the value of the greener compared to other main currencies, is having difficulty taking momentum. Spot price fluctuates around 105.50 at the time of writing. Therefore, it has contributed to further support of NZD/USD.
Long
by Samson-FX
NZD/USD increased by Fed's policyHello dear traders! Today, NZD/USD has fluctuated in the third consecutive day in the uptrend, trading above 0,5940 in the Asian session on Wednesday. However, the couple faces pressure from the decision of the US Federal Reserve. The US dollar index (DXY) increased sharply in the US trading session on Tuesday when the market psychology worsens and the interest rate of the US Treasury bond increases, thus putting pressure on this money briefcase.
by Samson-FX
NZD/USD trades higher than despite weak economic data from New ZNZD/USD starts a new week with a positive sign, higher transactions around 0.5910 in the Asian session on Monday. This pair of money is receiving support for increasing interest rate decision of the US Federal Reserve (Fed) expected on Wednesday. Looking at the technical picture of NZ we can see that this pair of money is in an uptrend. So we should set higher goals. It is likely that it will reach 0.594 USD. Good luck.
by Samson-FX
Analysis of NZD/USD market: Continuing the trend?NZD/USD reverses trend and gains momentum above 0.5920 mark following upbeat China data. China retail sales (August) increased 4.6% from 2.5% previously; Industrial production improved to 4.5% from 3.7% previously. Upbeat US data on Thursday showed the US economy remained resilient and inflation rebounded in August. In response to the data, China proxy New Zealand (NZD) attracted some buyers and acted as a tailwind for the NZD/USD pair. Looking at the technical picture of NZD/USD on the 4-hour chart, we can see that the pair is still in an uptrend. That means we will follow that trend and aim higher if that happens to potentially reach $0.5960.
by Samson-FX
GBP/USD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold on tight for the GBP/USD profit adventure! We're cracking the code on recent moves (1-2-3-4-5) and diving into the next big thing: correction wave excitement! Let's dive into Wave ABC and snag those gains! 💰 🔍 What's Cooking: Wave Unpacked: Let's zoom into GBP/USD moves, spilling the beans on that slick five-wave setup (12345). Get the scoop on each wave's style and how they groove together for the big picture. Course Correction: Time to talk about the bounce-back waves. Check out what's in the mix for Wave ABC – levels, patterns, and when it's coming to town. Cash In on Corrections: We're sharing tips on stacking profits during correction waves. See how to time your moves right for max bucks – nail those entries and exits like a champ. Riding the BC Wave: Dive into Wave BC, the sequel to correction moves. We're breaking down the players and pieces that shape it, so you ride it smooth for gains. Risk Tamer Moves: Master risk moves during corrections. Learn savvy tricks to safeguard your stash while hauling in the loot. Tech Tools Rock: Check out tools and tricks to amp up your GBP/USD game. Use them to back up your hunches and dial in your moves. Real Talk Stories: Dig into past GBP/USD waves. It's like getting wisdom from veteran wave riders – peep the patterns, wins, and how it all played out. 📊💰 GBP/USD's in the spotlight, so get set for the profit surge! Correction wave (Wave ABC) is where the thrill's at, loaded with tasty potential wins. Stay sharp, trade bold, and get the scoop from our full-throttle analysis! (Note: Trading packs risks, and past glories don't promise future fortune. This is about learning the ropes, not financial advice. Do your homework and chat up money pros before making moves.) 🚀🤑
Long
by Greenfireforex
Falling wedge, oversold RSI tease NZDUSD buyers on RBNZ dayNZDUSD bears appear running out of steam after a four-week downtrend as the Kiwi pair portrays a one-month-old falling wedge bullish chart formation at the yearly low amid the oversold RSI (14) line. That said, the 10-DMA surrounding 0.6045 guards immediate recovery of the quote ahead of the key 0.6060 resistance comprising the top line of the stated wedge. In a case where the bulls manage to keep control after crossing the 0.6060 hurdle, June’s high of around 0.6250 and a six-month-long horizontal area near 0.6380-90 can test the upside momentum before the falling wedge’s theoretical target of 0.6535. It’s worth noting that the said 0.6535 level coincides with the yearly peak marked in February and hence becomes the key hurdle for the buyers to watch afterward. On the contrary, the aforementioned wedge’s lower line restricts the immediate downside of the NZDUSD pair around 0.5920, a break of which will defy the bullish chart pattern. However, the 0.5900 round figure and a downward-sloping support line from early March, close to 0.5880, could challenge the bears afterward. In a case where the Kiwi sellers refrain from stepping back past 0.5880, the 78.6% Fibonacci retracement of October 2022 to February 2023 upside, around 0.5730, will act as the last defense of the buyers before directing the quote to the previous yearly low of near 0.5515. Overall, NZDUSD is likely to witness recovery as the RBNZ managed to lure Kiwi buyers without doing much. However, Fed Minutes will be crucial to watch for clear directions.
by MTradingGlobal
DXY SHORT UPDATE YOURSELF ACCORDING TO MARKET !!!! Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3.5 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
TVC:DXYShort
by Greenfireforex
GBPCAD ANALYSIS 4H Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
Short
by Greenfireforex