D1 price is on primary bearish market condition breakdown with trying to break 0.7728 support level:
is on primary bearish market condition with breaking 0.7659 support.
is on bearish breakout by breaking 0.7659 support level with Chinkou
Span line of Ichimoku indicator crossing the price from above to below.
If D1 price will break 0.7728
support level so the primary bearish will be continuingIf D1 price will break 0.7910 resistance level so the price will be reversed from the primary bearish to the primary bullish withs econdary ranging market conditionIf not so we may see the ranging market condition.
UPCOMING EVENTS (high/medium impacted news events which may be affected on NZDUSD price movement for this coming week)
2014-12-07 21:45 GMT (or 23:45 MQ MT5 time) | [NZD - Manufacturing Sales]
2014-12-10 01:30 GMT (or 03:30 MQ MT5 time) | [CNY - CPI]
2014-12-10 19:00 GMT (or 21:00 MQ MT5 time) | [USD - Federal Budget Balance]
2014-12-10 20:00 GMT (or 22:00 MQ MT5 time) | [NZD - Official Cash Rate]
2014-12-11 00:10 GMT (or 02:10 MQ MT5 time) | [NZD - RBNZ Gov Wheeler Speech]
2014-12-11 21:30 GMT (or 23:30 MQ MT5 time) | [NZD - Business NZ Manufacturing Index]
2014-12-12 05:30 GMT (or 07:30 MQ MT5 time) | [CNY - Industrial Production]
2014-12-12 13:30 GMT (or 15:30 MQ MT5 time) | [USD - PPI]
2014-12-12 14:55 GMT (or 16:55 MQ MT5 time) | [USD - UoM Consumer Sentiment]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on NZDUSD price movement
SUMMARY : bearish
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.12.08 05:50
NZD/USD Technical Analysis: Clearing Path Below 0.76 Mark? (based on dailyfx article)
The New Zealand Dollar is
attempting to accelerate downward in a bid to clear a path below the
0.76 figure against its US counterpart. Near-term support is in the
0.7659-96 area, marked by the November 7 low and the 23.6% Fibonacci
expansion, with a break below that on a daily closing basis exposingthe 38.2% level at 0.7525.Alternatively, a reversal above the14.6% Fib at 0.7802clears the way for a challange of the 23.6% Fib retracement at 0.7937.
newdigital, 2014.12.05 16:29
Something Interesting in Financial Video December 2014
newdigital, 2014.12.09 06:06
newdigital, 2014.12.07 21:01
NZD/USD weekly outlook: December 8 - 12
The New Zealand dollar fell to a four-week low against its U.S.
counterpart on Friday, as stronger than forecast U.S. nonfarm payrolls
data bolstered bets that the Federal Reserve will begin to raise rates
sooner than previously thought.
NZD/USD hit 0.7700 on Friday, the pair's lowest since November 7, before
subsequently consolidating at 0.7715 by close of trade on Friday, down
0.86% for the day and 1.61% lower for the week.
The pair is likely to find support at 0.7659, the low from November 7, and resistance at 0.7821, the high from December 4.
The U.S. dollar rallied after the Department of Labor said that the U.S.
economy added 321,000 jobs in November, far more than the 225,000
forecast by economists and the largest monthly increase in almost three
October’s figure was revised up to 243,000 from a previously reported
214,000, while the unemployment rate remained unchanged at a six-year
low of 5.8%.
The upbeat data added to the view that the strengthening economic
recovery may prompt the Federal Reserve to raise interest rates sooner
than markets are expecting.
The US dollar index, which measures the greenback against a basket of
six major currencies, hit a peak of 89.50, the strongest level since
March 2009 and ended the day up 0.82% to 89.39.
In the week ahead investors will be awaiting Thursday's U.S. data on
retail sales and jobless claims and Friday’s report on consumer
sentiment for further indications on the strength of the economic
A policy decision by the Reserve Bank of New Zealand on Wednesday will also be in focus.
Meanwhile, China is to produce what will be closely watched reports on
trade, consumer prices and industrial production in the week ahead. The
Asian nation is New Zealand's second-largest trade partner.
Monday, December 8
newdigital, 2014.12.10 13:35
NZD/USD higher but gains seen limited (based on nasdaq article)
The New Zealand dollar was higher against its
U.S. counterpart on Wednesday, but gains were expected to remain
limited by sustained support for the greenback and as markets eyed
the Reserve Bank of New Zealand's upcoming policy statement.
NZD/USD hit 0.7728 during late Asian trade, the session high;
the pair subsequently consolidated at 0.7697, rising 0.25%.
The pair was likely to find support at 0.7606, Tuesday's low and
a two-and-a-half year low and resistance at 0.7788, the high of
newdigital, 2014.12.11 07:23
NZDUSD Technical Analysis (based on dailyfx article)
newdigital, 2014.12.11 11:17
Trading News Events: U.S. Advance Retail Sales (based on dailyfx article)
Trading the News: U.S. Advance Retail Sales
A pickup in Advance U.S. Retail Sales may generate short-term decline in
EUR/USD as stronger consumption raises the growth and inflation outlook
for the world’s largest economy.
Why Is This Event Important:
Indeed, an expansion in household spending is likely to heighten the
appeal of the greenback and boost interest rate expectations as a
growing number of Fed officials show a greater willingness to normalize
monetary policy in mid-2015.
However, sticky inflation along with the slowdown in private sector
credit may drag on household spending, and a dismal development may
foster a more meaningful rebound in EUR/USD as it raises the FOMC’s
scope to zero-interest rate policy (ZIRP) for an extended period of
How To Trade This Event Risk
Bullish USD Trade: U.S. Retail Sales Climbs 0.4% or More
EUR/USD Daily Chart
MetaTrader Trading Platform Screenshots
NZDUSD, M5, 2014.12.11
MetaQuotes Software Corp., MetaTrader 5, Demo
NZDUSD M5: 22 pips range price movement by USD - Retail Sales news event
newdigital, 2014.12.12 10:03
Trading News Events: U. of Michigan Confidence (based on dailyfx article)
Trading the News: U. of Michigan Confidence
Another uptick in the U. of Michigan Confidence survey may spur a
further decline in the EUR/USD amid growing speculation for a Fed rate
hike in mid-2015.
What’s Expected:Why Is This Event Important:
Positive data prints coming out of the U.S economy should continue to
fuel interest rate expectations and heighten the bullish sentiment
surrounding the greenback as a growing number of Fed officials scale
back their dovish tone for monetary policy.
However, we the survey may disappoint as U.S. households face sticky
price pressures paired with the ongoing slack in the real economy, and a
dismal print may spur a larger correction in the greenback as it drags
on expectations for higher borrowing-costs.
How To Trade This Event Risk
Bullish USD Trade: U. of Michigan Survey Climbs to 89.5 or Higher
NZDUSD, M5, 2014.12.12
MetaQuotes Software Corp., MetaTrader 5
NZDUSD M5: 20 pips price movement by USD - UoM Consumer Sentiment news event