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NZDUSD - Another bearish month is expected?

Haynes6EU Posted 30 Apr. as Analysis on NZD/USD, Target: 0.67268, Date: 1 von June, 12:00 GMT  in #Technical analysis #NZD #USD #NZD/USD #Nzdusd #Kiwi #Commodity Dollar
Hi community members,
Background: this forecast base on balanced distribution (pure technical view). To simplified: I use monthly chart to forecast trend and daily chart to predict price on 1st of June!
Monthly chart: It's clear there are three months price has been decreasing, it's simple that I expect we will have one more month to decrease.
Daily chart: Price is fluctuating around decreasing median. It need time for market distribute goods and service around the mean so I don't think price wi…
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3 Kommentar
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Haynes6EU 4 May

Update 1: Price is going on the right track of forecast. Balanced area continue to go lower, there are a lot of space ahead so I expect price will decrease on remain days of the month.

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Haynes6EU 8 May

Update 2: prices still be in small range and has not yet break the old range but median prices in daily is decreasing.

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Haynes6EU 15 May

Update 3: The pair NZD/USD still be on the way to my target 0.67. I think that current situation is good for Bear and prices is below sma (50, 100, 200) and median price is decreasing stable.

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NZDUSD would be flat at the top of up trend?

Haynes6EU Posted 21 Apr. as Analysis on NZD/USD, Target: 0.8660, Date: 2 von June, 12:00 GMT  in #Technical analysis #NZD/USD #Nzdusd #Kiwi
Framework:
I. Fundamental: Official Cash Rate (OCR) decisions on 24th of April, so the market is expected a rate hike ahead. It supports for up trend but a rate hike doesn't make surprise to the market, so I don't expect a big move.
II. Currency positioning: market sentiment still bullish for NZD.
III. Technical view:
1. Weekly chart: The pair is in the top of the up trend and it could be flat in few coming weeks. I saw two major support level at 0.84 and 0.807. Resistance at 0.874 and 0.883.
2.…
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Haynes6EU 2 May

0.852 support still hold. Price re-bounce from this level at lease to 0.868 level. Four bullish candles in daily chart show strength of bull.

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Haynes6EU 8 May

Woa! Price visit 0.8778 level. Fall down from there!

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Haynes6EU 16 May

I feel that this pair is accumulating momentum for SELL from top. Maybe one more leg to 0.84 or even 0.81 :D

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Haynes6EU 21 May

The strong support level 0.852 will hold or not? A break down could be signal to 1.84

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Haynes6EU 31 May

Go down more! 0.852 broken!

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Down move correction for the pair NZDUSD

Haynes6EU Posted 17 Mar. as Analysis on NZD/USD, Target: 0.8279, Date: 1 von May, 12:00 GMT  in #Technical analysis #NZD/USD
1. The price is at the top of triangle in weekly chart, so I'm waiting for a down move correction for the pair NZDUSD.
2. Daily chart shows bearish signal at major resistance.
3. Fundamental data still very positive for nzd. After the first rate hike, market is expecting more increase in OCR. I expect a consolidation until next RBNZ meeting.
4. My target: the price stands around at 0.828 level on 1st of May!
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2 Kommentar
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Haynes6EU 14 Apr.

I'm wrong on this prediction :( The price continues go higher!

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Haynes6EU 18 Apr.

The pair is consolidating at the top now and difficult to correct deeper

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