NZD/USD

Thanks
i would trade weekly however, entry point is real challenge since daily is bearish

possible bear trap from current levels near 0.657

Looks like it's primed for next swing higher...

4 Hr chart:

Next 6495 & 6555

Long @ 6565
Let's see.

Seems 4th wave is done, I bought a small lot for now and looking to buy more after any confirmation

NZDUSD 1H:


In the same time, I'm looking for SELL on EURNZD to catch this possible pattern:

EURNZD Daily:

Waves always deceive you. Price action does not.

Price action makes patterns in time which is in wave shapes

Same i bought on NZDUSD , i will hold this pair 1-2 day from now

bought this a few days ago. currently holding at 75pips. might hold some more till the end of next week.

The clear looks bearish day, sharp even.
Buying the pullback when the momentum slowing down could gives nice profit too..?
May be ???
Lets see??

interest rates to day

Will there be a big spike down or up on NZD rates?

Don't think there will be action, what's the trade plan today? NU will continue its climb?

I believe I am the only idiot to short Nzd

Too weak on technical skill

The rate statement was dovish so maybe NZD will come down

Yes-
The Reserve Bank of New Zealand have released a 'Summary Record of Meeting'.
Highlights (bolding mine):

1. outlook for the economy has softened relative to the projections in the May 2019 Statement
2. inflation remains slightly below the mid-point
3. employment is broadly at its maximum sustainable level
4. The Committee agreed that a lower OCR may be needed to meet its objectives, given further deterioration in the outlook for trading-partner growth and subdued domestic growth
5. Relative to the May Statement, the Committee agreed that the risks to achieving its consumer price inflation and maximum sustainable employment objectives are tilted to the downside.
6. global economic growth had continued to slow
7. ongoing weakening in global trade activity
8. A drawn out period of tension could continue to suppress global business confidence and reduce growth
9. members noted in particular the dampening effect of uncertainty on business investment
10. Some members noted that lower commodity prices and upward pressure on the New Zealand dollar could see imported inflation remain soft.
11. domestic GDP growth had held up more than projected in the March 2019 quarter
12. construction strong and services weak
13. two largely offsetting developments affecting the outlook for domestic growth: softer house price inflation and additional fiscal stimulus.
14. continuing absence of wage pressure could indicate that there is still spare capacity in the labour market
15. The members agreed that more support from monetary policy was likely to be necessary.The Committee discussed the merits of lowering the OCR at this meeting. However, the Committee reached a consensus to hold the OCR at 1.5 percent. They noted a lower OCR may be needed over time.

Thanks Forexlive for the summary nonetheless the buyers aim for G20 in positive news.

just a quick update. hit my 1st tp. running almost 170pips right now. have a good day everyone.