NZD/USD

china PMIs in 5 hours could be a mover for NU and AU.

gnz seems to be stuck @ day pivot. NU I'm flat for now I'm yet to see strong selling pressure here, maybe news can trigger this.

trying to trade US30 index here.

Hello thread,
Today is April fool's day and there is a situation here I think I'm being fooled
Strength H4 chart says NZD/USD are reversing but H1 chart shows strong support at previous rising wedge's resistance trend line, confluent with Yearly pivot and ema50, this is ema200 on M15 tf..
Today's NFP is due in 4h time and high volatility is expected.
Trade safe. Happy pips

Hello everyone!
Hope everyone is feeling good today!
Here is my chart for today...
Take care everyone...Trade safely friends!

what do you think Liza

Hmmm, am more on the upside...Karpa....
Just that kiwi is taking too long to climb...let see...
How about you? North or South?

I'm flat and not buying NZD at current price..
planning to place pending sells up to 0.7, just in case NFP's volatility spikes up there
Good luck to you

The Kiwi has been smashed about 30 pips below it's previous breakout price of side range. It looks like biggest victim of NFP if it doesn't bounce back up it is back into sideways range.

i think this pair held well today and did hold the bo 6900 is key level..on the weekly its not even overbought yet so i think on this run its capable to move to around 7100 we will see anything can happan

have a great weekend

Hi ninner I agree with you, it ended up staging a good recovery back above it's break out level, which I calculate occurred at .6885. I also interpret this recovery and closing price as bullish. The daily close was above previous day's close, which the strong AUD also managed to achieve. The EUR finished 9.5 pips below it's previous day's close. The NZD has also finished the week with a strong green candle. However, none of the three regained their highs from immediately prior to the release of the news.

I've done some comparative analysis of what occurred last night to USD pairs as a result of NFP. It took the AUD, EUR and NZD approximately 2 hours to reach the lows after news. It took them appx. 2 hours to recover most of what they lost, and to reach the approximate levels they closed at. I think these time periods are good numbers to reference on similar major announcements for future NFPs, as although I haven't gone back and checked the precise results of last two NFPs, from memory there were similar impacts and time scales. So maybe wait about two hours after news before looking for true direction.

The USD/CAD took an hour and a half (true direction began here after 1.5 hrs) to add 117 pips then plunged for six and a half hours to loose 137 pips from it's high to it's close, where it finished roughly 20 pips lower than it's level before news.

The USD/JPY spiked 45 pips in first 40 minutes, then similar to USD/CAD, spent seven hours dropping 81 pips to close below pre-news levels. By close, the yen had gained about 40 pips against USD from the level it was at immediately prior to news.

So initially AUD, EUR, NZD, JPY and CAD all dropped significantly against USD, but by close NZD, EUR and AUD had staged recoveries, closing in the range they were all in 3 hours before news.

So although there were wild spikes up and down on all these pairs, which formed different chart patterns from one another which at first glance seem to indicate widely different results, the end result is nothing has changed much and they are all still trending up against the USD at this stage.

Of particular relevance, in spite of the fact that the initial break out by the NZD from it's side range pulled all the way back to it's break out point and looked weak, as noted by most members commenting, including me, it bounced up strongly again before NFP. Then immediately post NFP it spiked well below it's breakout point, and looked doomed to resume it's old range, before it then powered back up for a strong daily and weekly close Above break out level. I'll be looking to buy around .689 on Monday.

I don't see NZDUSD pushing above 6960 high upcoming week, yes upside target still remains @ 7060-7100, however before we reach new targets on the upside we need a retracement to 6750.

Therefore: NZD USD short sell @ 6860 SL 40 points TP 6750.

Hey asgcorp your bottom anchor candle is above your trendline?Also if you adjust your line to touch at March 29 instead of coming in above the base of lowest candle, I think you will find the last 10 candles sit on top of trendline? So there is still clearly a breach on April 1st but an immediate recovery above line. How have you arrived at the figure of .6750 for a retrace? Cheers

thanks for a heads up but I've been plotting trendlines for 10+ years, so I'd let it remain where it's at right now.

Also regarding the target, I already posted this in my thread. This is daily NZDUSD chart. Look to buy at the lines below and short at lines above.

if yous think that this candlestick setup on daily NU means we are going higher then you are wrong. NZDUSD requires a solid dip before a new push higher.

asgcorp thanks for sharing your analysis and the heads up to your thread, which I've had a look at. Very interesting. On your high probability charts does the blue line represent a weaker strength high probability level? I'm not sure if that is your intention because there has not been much P.A. at these levels yet. I see the NU close just above the blue line and AUD close just below blue line.

Here's NU daily with more clarity on upcoming price action. Re your question, I've got a set of 3 lines, which are high prob buy/sell levels, that's all, there's not weak/strong levels. NU can reach 7050-7150, but upside would be capped @ 7200, due to upcoming reversal in USDX. I expect dollar to turn very soon, therefore EU/AU/NU turning southbound within few weeks. Anyhow I do not disregard possible upside on NU and in fact my system does show me more upside is possible in April, therefore makes sense buying dips for 7050-7150 targets on the upside.

Meanwhile 6750 should hold for more upside to get uncapped on NU.

The deal here is buy low and sell high, therefore you get an edge and a cheap ticket for a ride. Hope this makes sense.

and before some new demo trading trolls and scum bags emerge and tell me I'm full of shit check out previous projection on NZDUSD. Have a good one team!

first of all agcorp, there are different ways to draw trend lines....next im not sure what tf you are looking at ..so we could definately have a pullback next week however, because the way price rejected lows yesterday tells me this market wants to go higher but we will see next week is a new week...this is definately in a bull market now so better odds to trade with trend

all the best

NZDUSD looking very bullish to me, after rejection of key area