D1 price is on primary bearish with secondary ranging:
is on bearish with secondary flat.
is on bearish breakdown with secondary ranging market condition - price came to inside Ichimoku cloud/kumo on close W1 bar.
If D1 price will break 0.7608
support level so the primary bearish breadown will be continuingIf D1 price will break 0.7870 resistance level so D1 market will be reversed to the ranging bullishIf not so we may see the ranging within bearish market condition.
UPCOMING EVENTS (high/medium impacted news events which may be affected on NZDUSD price movement for this coming week)
2014-12-22 15:00 GMT (or 17:00 MQ MT5 time) | [USD - Existing Home Sales]
2014-12-22 21:45 GMT (or 23:45 MQ MT5 time) | [NZD - Trade Balance]
2014-12-23 13:30 GMT (or 15:30 MQ MT5 time) | [USD - GDP]
2014-12-23 15:00 GMT (or 17:00 MQ MT5 time) | [USD - New Home Sales]
2014-12-24 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on NZDUSD price movement
SUMMARY : bearish
I agree with you.
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.12.19 19:27
newdigital, 2014.12.23 06:19
if actual > forecast (or actual data) = good for currency (for NZD in our case)
[NZD - Trade Balance] = Difference in value between imported and exported goods during the reported month. Export demand and currency demand are directly linked because foreigners
must buy the domestic currency to pay for the nation's exports. Export
demand also impacts production and prices at domestic manufacturers
New Zealand November Trade Deficit NZ$213 Million
New Zealand posted a merchandise trade deficit of NZ$213 million in
November, Statistics New Zealand said on Tuesday - representing 5.3
percent of exports.
The headline figure beat forecasts for a shortfall of 575 million following the NZ$908 million deficit in October.
Exports dipped 9.5 percent on year to NZ$4.02 billion - missing
forecasts for NZ$4.03 billion, which would have been roughly unchanged
from the previous month.
Dairy exports drove the fall, down 27 percent, with the quantity down
3.1 percent. The fall in dairy reflects the record high levels exported,
mainly to China, in November 2013. A 20 percent rise in meat exports
partially offset the fall, led by a price-driven rise in frozen beef.
"The fall in export values reflects a return from the high values late
last year, led by China," international statistics manager Jason
Attewell said. "The trend for exports to China is 42 percent lower than
the series peak in December 2013, and is now at similar levels to 2012."
Imports fell an annual 1.3 percent to NZ$4.24 billion versus
expectations for NZ$4.58 billion and down from NZ$4.94 billion a month
Capital goods (aircraft and helicopters) led the fall.
Year to date, New Zealand has a trade deficit of NZ$453 million -
topping expectations for a deficit of NZ$774 million following the
NZ$107 million annual deficit in the previous month.
This is the smallest November deficit since 2010, the bureau said.
Record high exports late last year resulted in the first trade surplus
for a November month (NZ$153 million) since 1991.
MetaTrader Trading Platform Screenshots
NZDUSD, M5, 2014.12.23
MetaQuotes Software Corp., MetaTrader 5
NZDUSD M5: 9 pips price movement by NZD - Trade Balance news event
Something Interesting in Financial Video December 2014
newdigital, 2014.12.24 15:18
Strategy Video: A Lesson for 2015 from Past Financial Crises (based on dailyfx article)
Financial crises often explode from periods of exceptional market
performance and their appearance is usually catches the investing
community off guard. Yet, as dramatic as the market reactions may be;
these disruptive periods of rebalancing are not so obscure when the
underlying structural circumstances of the financial system are
accounted for. Back in 2008, the Great Financial Crisis was built upon
an appetite for excessive return and leverage through high finance. It
was, however, subprime and Bear Stearns' collapse that receives the
blame. Further back, 1998 draws a strong corollary to today's market
with an Asian financial crisis and Russian default leading to the
dramatic failure of Long Term Capital Management. Heading into 2015, we
have: excessive leverage; exposure to exceptionally risky assets; low
returns; a dependency on low volatility; and growing investor doubt. We
discuss the importance of appreciating a big-picture structural risk
heading into 2015.
newdigital, 2014.12.26 19:33
We end 2014 with US CB Consumer Confidence and Unemployment Claims
and open 2015 with US ISM Manufacturing PMI. Join our weekly outlook
with the main market movers to impact Forex trading. Happy 2015!
Last week, the final revision to US GDP in Q3 came out better than
expected, crossing the 4% growth rate for the second consecutive
quarter. US economy expanded 5% between July and September, beating the
preliminary estimate of 3.9% and the median forecast of 4.3%. The
strong expansion indicates the US economy will close 2014 on a strong
note. More positive data was released from the US labor market with a
continued decline in the number of initial unemployment claims, noting
the US job market continues to improve with increased hiring and fewer
dismissals. Will the US economy continue to expand in 2015?