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Analysis Of The Nzd/usd PairTitle:
Dukascopy Afternoon Forex Overview : 22/05/2012
Fundamental Analysis
EUR
Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.23%.
USD
The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran and six major ...
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Technical analysis of the NZD/USD pair on May 22th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has rebounded yesterday on the support at 0.7550 and is currrently testing a pullback on the resistance at 0.7665.
The pair seems to have broken its bearish slant (purple line) and got back into its bearish channel (dotted lines).
Indicators are globaly bullish.
We continue to advise short positions as far as 0.77 is resistance.
The breakout of 0.7550 will give a new sell signal and open the way towards 0.75 and 0.7450
In case of return above 0.77, we will be neutral between this level and 0.78.
The breakout of 0.78 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 21th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 21th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has opened on a small bullish gap but continues to move just above the support at 0.7550.
The pair is still moving below the lower band of its bearish channel (dotted purple lines).
The bearish movement seems to be lead by a bearish slant (purple line).
All indicators are bearish.
We continue to advise short positions as far as 0.77 is resistance.
The breakout of 0.7550 will give a new sell signal and open the way towards 0.75 and 0.7450
In case of return above 0.77, we will be neutral between this level and 0.78.
The breakout of 0.78 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 18th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 18th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakouts of 0.7668 and 0.76 both gave us a new sell signal.
The pair is now moving below the lower band of its bearish channel (purple lines).
The opening gap is still not filled in.
All indiactors are bullish.
Currently, the pair is testing the support at 0.7550.
We continue to advise short positions as far as 0.77 is resistance.
The breakout of 0.7550 will give a new sell signal and open the way towards 0.75 and 0.7450
In case of return above 0.77, we will be neutral between this level and 0.78.
The breakout of 0.78 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 17th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 17th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD continues to test the support at 0.7668.
This level match with the lower band of its bearish channel (purple lines).
The opening gap is still not filled in.
All indiactors are bullish.
We continue to advise short positions as far as 0.78 is resistance.
The breakout of 0.7668 will give a new sell signal and open the way towards 0.76.
In case of return above 0.78, we will be neutral between this level and 0.7836.
The breakout of 0.7836 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 16th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 16th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.7750 and 0.77 both gave us a new sell signal.
Currently, 0.7668 seems to act as support.
This level match with the lower band of its bearish channel (purple lines).
The gap is still not filled in.
All indiactors are bullish.
We continue to advise short positions as far as 0.78 is resistance.
The breakout of 0.7668 will give a new sell signal and open the way towards 0.76.
In case of return above 0.78, we will be neutral between this level and 0.79.
See the previous analysis of the NZD/USD pair of May 15th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 15th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.78 gave us a new sell signal.
Currently, the pair is testing the next support at 0.7754.
The gap is still not filled in.
All indiactors are bullish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.7923 is resistance.
The breakout of 0.7754 will give a new sell signal and open the way towards 0.77.
In case of return above 0.7923, we will be neutral between this level and 0.7970.
See the previous analysis of the NZD/USD pair of May 14th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 14th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and opened on a bearish gap below the support at 0.7838 (new sell signal).
The gap is still not filled in.
All indiactors are bullish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.7950 is resistance.
The breakout of 0.78 will give a new sell signal and open the way towards 0.7754.
In case of return above 0.7950, we will be neutral between this level and 0.80.
See the previous analysis of the NZD/USD pair of May 11th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on May 11th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD is again testing the support at 0.7838.
All indicators are bearish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.7950 is resistance.
The breakout of 0.7838 will give a new sell signal and open the way towards 0.78 and 0.7754.
In case of return above 0.7950, we will be neutral between this level and 0.80.
See the previous analysis of the NZD/USD pair of May 10th, 2012
NZD/USD Analysis
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