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NurulFx

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NZD / USD Technical Analysis 6 February 2019: Bearish below 0.6870

The NZD / USD pair charted a bearish high higher at 0.6905 earlier today, validating the negative divergence from the 4-hour chart of the RSI, confirmed on Friday.The pair, therefore, risks fall below 0.6870 (low support February 4). It will form a bearish decrease low and confirm a bullish trend change to bears on the four hour chart.Acceptance below 0.6870 will open disadvantage towards 0.68. Movements above 0.6905 (the latest lower excessive) will cancel the negative settingNZD / USD Daily Fundamental Forecast - Lowe RBA Speech Must Explain Next Steps in Policy.NZD / USD is at 0.6893, up 0.0010 or + 0.13%RBA Interest Rate Decision and Monetary Policy StatementEarlier Tuesday, the RBA kept the benchmark interest rate unchanged at 1.50 percent. The central bank was also trimmed forecasts for growth and inflation at a sign that a rate hike away from the horizon even met expectations in leaving policy at a record low for the 30th consecutive month.Any bank or disrupt the way you lend money, reports Reuters.Daily ForecastIn the RBA's Monetary Policy Statement, policy makers refrain from following policy directions. However, this problem must be overcome on Wednesday when RBA Chief Lowe speaks. Furthermore, the RBA will publish quarterly prospects on Friday.Traders did get a few hints from Lowe about RBA's thinking when he said A $ 1, eight trillion would likely develop around three percent this year, a view that was a little more cautious compared to "slightly above 3 percent" in the previous statement.NZDUSD in Technical_proxyTechnically using the Ichimoku approach, it appears in the H1 timeframe the candlestick is able to penetrate the blue Line of Ichimoku, and is under the Kumo cloud. That means going down to the next support, and my TP target is at the level of 1.68200. Hopefully this update on the analysis today will be useful, and let's discuss together, happy activities and happy trading.

Linkback: https://www.forex.zone/technical/11/nzdusd/855/
#1 - February 06, 2019, 07:53:54 AM

szeptiawan

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The price is above the daily pivot 0.6886.
The small MA is above the big MA, the price is above the two MAs.
The price forecast will be bullish with the initial target of Resistance 1.
Possible to penetrate to Resistance 2.

#2 - February 06, 2019, 09:20:47 AM
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fibox

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Technically, I see this NZDUSD pair has entered a price position that is still feasible to take into account the entry point.

Let's look at the following NZDUSD 4 hour chart time frame before we analyze:


NZDUSD in Technical_proxy


Let's analyze using Price Action analysis. In the market trend NZDUSD is still in Bearish / Downtrend condition, but we also have to anticipate a trend reversal if the price breaks the Resistance area above and also price consolidation.

In the history of the candle, we can look for opportunities for Sell entry because the long term is still in the Downtrend effect, but in order to be more objective, I will present the analysis for buy or sell entries.

If we look at the chart above, the Seller pressure (the length of the red candle) slowly decreases the price without being able to be opposed by the Buyer pressure (the length of the green candle) and forming Lower high.

This indicates that there are still sellers who dominate the formation of certain price levels. However, we can still find opportunities to buy in this NZDUSD pair.

In the picture, I determine the Resistance area through the line above the price (0.6799 - 0.6789), for the Support area, we can see through two lines below the price (0.6747 - 0.6737).
#3 - February 07, 2019, 12:51:55 AM

NurulFx

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Quote from: fibox on February 07, 2019, 12:51:55 AM
Technically, I see this NZDUSD pair has entered a price position that is still feasible to take into account the entry point.

Let's look at the following NZDUSD 4 hour chart time frame before we analyze:


NZDUSD in Technical_proxy


Let's analyze using Price Action analysis. In the market trend NZDUSD is still in Bearish / Downtrend condition, but we also have to anticipate a trend reversal if the price breaks the Resistance area above and also price consolidation.

In the history of the candle, we can look for opportunities for Sell entry because the long term is still in the Downtrend effect, but in order to be more objective, I will present the analysis for buy or sell entries.

If we look at the chart above, the Seller pressure (the length of the red candle) slowly decreases the price without being able to be opposed by the Buyer pressure (the length of the green candle) and forming Lower high.

This indicates that there are still sellers who dominate the formation of certain price levels. However, we can still find opportunities to buy in this NZDUSD pair.

In the picture, I determine the Resistance area through the line above the price (0.6799 - 0.6789), for the Support area, we can see through two lines below the price (0.6747 - 0.6737).
Trading in NU which happens to be experiencing a bearish trend if it is on time frame weekly but in the H4 time frame already seen the condition of the bearish trend will be slightly hindered with a saturated area. need for correction, thus options that follow the trend of course with sell. then I am still waiting for the price to be corrected and pending sell limit orders can be touched. sell limit placed at 0.6810. with a little stop loss.
#4 - February 07, 2019, 10:01:08 AM

Uceng

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NU's movement was very disappointing ... even though I expected this pair to move sharply like the previous days. But unfortunately, today NU is moving sideways, it might be caused by a movement that has previously been very sharp and so today it looks like NU is moving correction
#5 - February 08, 2019, 04:39:04 PM

Setiafx

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the analysis for price movements on usd will still drop back to see the price is still below the MA and there has been a breakit of the support area in H4.
#6 - February 09, 2019, 12:30:23 AM
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Bahrul

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Quote from: Setiafx on February 09, 2019, 12:30:23 AM
the analysis for price movements on usd will still drop back to see the price is still below the MA and there has been a breakit of the support area in H4.
NZDUSD pair shows clam negative trades to move away from 0.6795 level, reinforcing the expectations of continuing the bearish trend in the upcoming period, and we believe that the way is open to achieve our next main target at 0.6654, reminding you that breaching 0.6795 will stop the expected decline and push the price to achieve gains again.



The expected trading range for today is betwenen 0.6654 support and 0.6800



The expected trend for today: Bearish
#7 - February 09, 2019, 01:33:46 PM
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51zf200msl

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According to the H4 time frame, and the MCAD, ZIGZAG and RSI indicators show that,

Today's Market Trends are: BEARISH


Resistance level is: -

1> The Resistance Level is: 0.6781
2> The Resistance Level is: 0.6782
3> The Resistance Level is: 0.6813

Supporting Levels are: -

1> Support Level is: 0.6738
2> Supporting levels are: 0.6720
3> Supporting levels are: 0.6702



#8 - February 09, 2019, 04:48:12 PM

MaxiMillion

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NZDUSD is sitting on the daily 200 Moving Average, main support zone is around 0.6700 . details on chart. we will see if the support holds next week.

Following the weekly chart doesn;t look bullish, large bearish weekly candle,  earlier the rejection of the down channel and Movin average 200, it looks like if 0.6700 break the target is 0.6466
#9 - February 09, 2019, 06:50:50 PM
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« Last Edit: February 09, 2019, 07:23:49 PM by MaxiMillion »

Bahrul

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Hello guys ,
It is far from the target
6761
1 TP
6666
TP 2
66545
The stochastic indicator analysis is supported on the frame for H-4
#10 - February 09, 2019, 11:13:33 PM
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farisfx

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For analysis, I see it will still go down again with the target price level of 0.67074
#11 - February 10, 2019, 12:20:37 AM

Eliya

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Good morning friends, my prediction NZDUSD Will gradually increase, for tomorrow it will probably reach 0.67870
#12 - February 10, 2019, 01:44:38 AM

Ki Ageng Alap Alap

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good morning forum friend ... happy hunting $ back ...
just go ahead ... to start this week I want to trade / trade on nzdusd ... it looks like this pair is interesting to watch ... after experiencing a decline of almost 200pip last week it seems that at the beginning of this week there was resistance but changing trends seems to be still not ... . the increase is only retrace / correction ... the best opportunity is still looking for sell opportunities ... but need to be aware if the price can break at 0'68160 ... because there can be a reversal if the price is able to close there ... so is my update this week our colleagues' suggestions and opinions are waiting ...

Greetings, profit and happy trading


Nzdus H1

NZDUSD in Technical_nzd
#13 - February 11, 2019, 02:58:20 AM

Qidarul

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a good afternoon. Monitoring usd currently the price is running up, and is forming a bullish engulfing candlestick in Daily, the price of the destination as shown is in the fibo area of 161 at the price range of 0.68300
#14 - February 11, 2019, 09:04:17 AM
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farisfx

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nzd usd on this day will decrease if I observe from the h4 time frame the price will still drop until the support area at the price of 0.67080
#15 - February 11, 2019, 02:40:58 PM
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