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  #51  
Old 26-05-2017, 03:24 PM
painofhell painofhell is offline
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NZD/USD is expected to trade in a higher range as the movement is supported by a rising trend line. The pair has been riding a bullish trend line since May 19, which confirmed a positive outlook. The upward momentum is further reinforced by the rising 20-period and 50-period moving averages. The relative strength index is mixed to bullish.

To conclude, as long as 0.6980 holds on the downside, look for a new advance to 0.7080 and even to 0.7095 in extension.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.7080 and the second one at 0.7095. In the alternative scenario, the short position is recommended with the first target at 0.6960 if the price moves below its pivot points. A break of this target may push the pair further downwards, and one may expect the second target at 0.6930.

The pivot point is at 0.6980.
Resistance levels: 0.7080, 0.7095, and 0.7135
Support levels: 0.6960, 0.6930, and 0.6900

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  #52  
Old 03-06-2017, 12:30 AM
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Overview:
The NZD/USD pair is in a bullish trend from the support levels of 0.7001 and 0.7053. As a consequence, the first and second support levels are seen at 0.7053 and 0.7001 respectively.
Currently, the price is in a strong bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), major support is seen at 0.7005, which coincides with a golden ratio (61.8% of Fibonacci retracement levels).
Consequently, the second support is set at the level of 0.7001. So, the market is likely to show signs of a bullish trend around the spot of 0.7001/0.7053.
Consequently, the second support is set at the level of 0.7001. So, the market is likely to show signs of a bullish trend around the spot of 0.7001/0.7053.
In other words, buy orders are recommended above the level of 0.7053 with the first target at the level of 0.7121. Furthermore, if the trend is able to breakout through the first resistance level of 0.7121, we should see the pair climbing towards the second resistance (0.7166) to test it.
It would also be wise to consider where to place a stop loss; this should be set below the second support of 0.7001.

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  #53  
Old 10-06-2017, 02:51 AM
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NZD/USD has been trading in ta ight range and long position is still recommended. The pair is expected to trade with a bullish bias above 0.7165. Although the pair broke below the 20-period and 50-period moving averages, it is still trading above the key support at 0.7185, which should limit the downside potential. Even though a continuation of consolidation cannot be ruled out, its extents should be limited.
To conclude, as long as 0.7165 is not broken, look for a new upside to 0.7260 and even to 0.7280 in extension.

At present, the pair is trading above its pivot point. It is likely to trade in a higher range as long as it remains above its pivot point. Therefore, long position is recommended with the first target at 0.7260 and the second one at 0.7300. In the alternative scenario, short position is recommended with the first target at 0.7145 if the price moves below its pivot points. A break of this target is expected to push the pair further downwards, and one may expect the second target at 0.7100. The pivot point lies at 0.7165.

Graph Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicates the short position. The red lines shows the support levels and the green line indicates the resistance levels. These levels can be used for enter and exit trades.
Resistance levels: 0.7260, 0.7280, and 0.73000
Support levels: 0.7145,0.7100, and 0.7045

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  #54  
Old 15-06-2017, 08:42 AM
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The NZD/USD pair moved as predicted and all our targets have been hit. The pair is on the upward side since June 1 and is still expected to advance further.
To sum up, look for a continuation of rebound to 0.73450 and even to 0.7375 in extension above 0.723.
Strategy: BUY at dips, Stop Loss: 0.7230, Take Profit: 0.7345 Chart

Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7345, 0.7375, and 0.7405
Support levels: 0.7210, 0.7190, and 0.7150

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  #55  
Old 16-06-2017, 07:56 PM
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NZD/USD has been in a bullish non-volatile trend since the break above 0.7050 resistance level. Currently the price is showing some volatility in the market on the back of recent economic reports from the US and New Zealand. New Zealand published the GDP report at 0.5% which was better than previous value of 0.4% but worse than expected value of 0.7% which affected the NZD negatively yesterday. Moreover, the Fed rate hike decision provided some positive gains on USD side which currently paused the NZD bullish trend. Today NZ Business Manufacturing Index was published which showed a rise to 58.5 from 56.9 previously and the news helped NZD to make some gains today. The United States will unveil the Building Permits report which is expected to increase to 1.25M from 1.23M previously. The Housing Starts report is also expected to show a rise to 1.23M from 1.17M. As the high impact US reports are to be published, a good amount of volatility is expected to hit the market today where positive USD reports may lead to counter trend move in this pair in the coming days.

Now let us look at the technical view. The price has moved in a non-volatile way since the break above the resistance at 0.7050. There have been very little retracements in the trend so far which has taken the price quite far from the dynamic level of 20 EMA. As of the recent bearish price action, currently the pair is expected to retrace back to 20 EMA. If 20 EMA is breached below, then the price may fall to 0.7050 level to retest it as a support before proceeding further upward. The bias is currently bullish in this pair until the price breaks below 0.7050 with a daily close.

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  #56  
Old 22-06-2017, 09:58 PM
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Our 20th June, targets have been hit precisely as predicted. NZD/USD rebounded from our second target 0.7195 and now is expected to trade with a bullish outlook. The pair made a rebound from 0.7195 (the low of June 21) and broke above both 20-period and 50-period moving averages. The relative strength index lacks downward momentum.
Hence, as long as 0.7210 holds on the downside, expect a further upside to 0.7260 and even to 0.7280 in extension.
Strategy: BUY Stop Loss: 0.7230. Take Profit: 0.7300

Chart Explanation: The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it is below the pivot points, it indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7300, 0.7320, and 0.7355
Support levels: 0.7210, 0.7195, and 0.7160

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