NZDUSD cyclical moves

FX:NZDUSD   Dolar New Zealand/Dolar U.S
NZDUSD has been cycling up and down from the 50% retrace of a June upswing, and is now in heading up again after finding support at 50%. Past price action shows a good probability of reaching the 0% line around 0.73

This current set of fibs was drawn July 7th using Weekly data and has highlighted a few tradeable entries over the past four months or so. This pattern remains valid until either -23.6% or 61.8% line is broken.

The ZXY and DXY currency indexes are currently moving in opposite directions after reversing from recent support & resistance . I think this opposite movement - negative correlation - increases the chances of a profitable change, and at the very least gives a headsup if one of the currencies in the pair may work against the trade.

A great entry would have been the point highlighted by arrows - all three charts lined up increasing likelihood of a profitable trade on the NZDUSD .

MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar