I expect bearish continuation with AUDNZD due to the Hawkishness of RBNZ after the 75bps rate hike they also hinted another policy tightening, we'll expect another rate hike coming February next year 2023.
Technical outlook seems to indicate another support level which is broken, and the next target for sellers is next yellow horizontal support level.
* Ascending triangle, mostly found in uptrend, and mostly bullish continuation.
* The RBNZ increased it's interest rate by 75bps as expected, and the RBNZ were Hawkish, hence we expect more bullish presure with NZDCHF and NZD related pairs.
* Break below the triangle may violate the pattern.
Note:
All ideas forecasts are my personal views on the market, I share...
Dollar dominates the whole market
We clearly see that DXY should start to fall from 114.0 to 109.0
Current Market Price is 113.45
This indicates that eurusd, gbpusd, audusd, nzdusd should go up
Be ready to book good profit in coming weeks
Sell DXY from 113.50 to 114.0
Stop Loss = 115.20
Take Profit = 109.0 - 108.0
It is the new trend strategy to get buy and sell indicator with 2 technical indicators. Getting 70% accuracy in trend direction. Before following, need to do back testing with 3 months data .
The price had Retraced back from the demand zone.
consolidating near 50 ema.
Risky traders can enter
safe traders may wait for confirmation price closing above the 50 ema.
Trading is the game of Probabilities. Lot of retailers are being dragged into markets without proper understanding of RISK MANAGEMENT.
It is NOT as simple as just about clicking that "Buy/sell button"
I am here to share the importance of STOP LOSS and the purpose of writing this up is to share that part where maket tells you that it's above you.
Irrespective of...
Hi traders
NZD/USD is bearish in long term view. but short term view is bulllish.
even though invalidation level brakes does not mean that it can not go up, it can.
invalidation level is just for current degree.
Thanks
wave forecast
Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.68 and traded into the resistance zone of 0.68400 after the release of the strong U.S. inflation data, leading to the weakening of USD.
The New Zealand Building Consents data (Actual: 0.6%, Forecast: NA, Previous: -2.1% revised from -2.0%) released earlier today indicated an...
See the charts not a trading advice do your own ta thanks I'd be looking for short setups only for dow and usdjpy usdchf and long setups only for eurusd gbpusd gold audusd nzdusd tc.
