Posts Tagged ‘NZD/USD’

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NZD/USD Remains Under Pressure — Forecast — August 23rd 2017

In this video, the Trading Central looks at the currency pair USD/JPY for the August 23rd session. NZD/USD — Looking at the intraday 30-min chart, the pair has indeed broken below the strong horizontal support at 0.7270 and this level should now behave like resistance. The pair remains capped by the declining 50-period Moving Average. Further weakness is also expected below the strong resistance of 0.7270. The first target is set at horizontal support […]

NZD/USD Has Broken Above a Declining Trend Line — Forecast — August 14th 2017

In this video, the Trading Central looks at the currency pair GBP/USD for the August 14th session. NZD/USD — Looking at the intraday 30-min chart, the pair has indeed broken above the declining trendline, in place since last Thursday. It also remains supported by the rising 50-period Moving Average. Further advance is also expected above the strong horizontal support at 0.7280. The first target is set at 0.7350 and the next target at 0.7365.

NZD/USD Stands Within a Bearish Channel — Forecast — August 9th 2017

In this video, the Trading Central looks at the currency pair NZD/USD for the August 9th session. NZD/USD — Looking at the intraday 30-min chart, the pair remains inside a bearish channel. It remains also capped by the declining 50-period Moving Average. Further weakness is also expected below the strong horizontal resistance at 0.7350. The first target is set at the horizontal support at 0.7290 and the next target is set at 0.7270 extension.

USD/JPY and NZD/USD Forecast — August 2nd 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the August 2nd session. USD/JPY — As you can see, we did bounce around during the day with the 110.00 level looking very supportive. I think that a bounce is likely and a break above the top of the daily range should send this market at least rallying in the short-term. I think that there is support all the way down to 109.00. […]

NZD/USD: Trading Within a Bearish Channel — Forecast — March 8th 2017

In this video, the Trading Central looks at the currency pair NZD/USD for the March 8th session. NZD/USD — The New Zealand dollar has lost over 3% against the US dollar, over the past 5 sessions. On an intraday 30-min chart, we can see that the downtrend continues. The pair has formed a bearish channel pattern. Intraday technical indicators are also pointing to a bearish bias. The pair remains capped by the declining 20-period […]

Soft USD Still Putting Pressure on Some Rivals

Investors are expressing mixed sentiment on the US currency. The US dollar is struggling to rebound from Thursday's lows and further make gains. Nevertheless, there are some currencies which are not able to stand up to the soft US dollar. For example, the New Zealand dollar shed almost 30 pips against the US dollar in the Asian session today. So, the NZD/USD pair closed at 0.7196. The kiwi tumbled in light of weak […]

USD/JPY and NZD/USD Forecast — December 19th 2016

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the December 19th session. USD/JPY — We fell a little bit during the course of the day on Friday, but we did find a little bit of buying pressure underneath. Quite frankly, I think that the 115.00 level below is massively supportive as it was massively resistive. So, I think any type of supportive candle below is a buying opportunity […]

USD/JPY and NZD/USD Forecast — December 9th 2016

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the December 9th session. USD/JPY — We have gone back and forth a bit and it looks like we are going to show some volatility. I really think at this point though, we need to see a pullback in order to take advantage of value. After this type of breakout, I am not going to fight it, especially considering it against […]

USD/JPY and NZD/USD Forecast — November 22nd 2016

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the November 22nd session. USD/JPY — The market tried to rally on Monday, but turned around to form a shooting star candlestick. This could be a pullback and quite frankly, that is what this overextended market needs. I expect to see plenty of support, especially at 107.50. I am very interested in buying with supportive candles as they appear. I have no […]

USD/JPY and NZD/USD Forecast — November 3rd 2016

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the November 3rd session. USD/JPY — As you can see, we have in fact fallen again during the day on Wednesday, but really at this point in time, the 103.00 level looks to be rather supportive. We did bounce from there slightly. I think that we are a little bit oversold at this point. This is probably due […]

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