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Technical Analysis Of The Nzd/usdTitle:
Technical analysis of the NZD/USD pair on May 4th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.8050 gave us a new sell signal.
The pair also broke the lower band of its bearish channel (black lines) and is currently testing the support at 0.80.
All indicators are bearish.
We continue to advise short positions as far as 0.81 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.81, we will be neutral between this level and 0.8134.
See the previous analysis of the NZD/USD pair of May 3rd, 2012
NZD/USD Analysis
Title:
Technical analysis of the NZD/USD pair on May 3rd, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.8134 and 0.8077 both gave us a new sell signal.
The pair is currently testing the lower band of its bearish channel (black lines).
All indicators are bearish.
We continue to advise short positions as far as 0.8134 is resistance.
The breakout of 0.8050 will give a new sell signal and open the way towards 0.80.
In case of return above 0.8134, we will be neutral between this level and 0.8180.
See the previous analysis of the NZD/USD pair of May 2nd, 2012
NZD/USD Analysis
Title:
Technical analysis of the NZD/USD pair on May 2nd, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD continues to test the support at 0.8134 and is moving into a bearish channel (black lines).
Indicators are globaly bearish.
We maintain to trade the pair according to the key level at 0.8180 :
- Long above this level. The breakout of 0.8235 and 0.8283 will both give a new buy signal
- Short below this level. The breakotu of 0.8134 and 0.81 will both give a new sell signal.
See the previous analysis of the NZD/USD pair of May 1st, 2012
NZD/USD Analysis
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Dukascopy Afternoon Forex Overview : 01/05/2012
Fundamental Analysis
EUR
Anti-austerity protestors are likely to hold massive demonstrations in May Day. Demonstrations in Athens that involve private and public sector strikes have already disrupted the public transport. However, the traditional violence is not expected as Greeks are likely to show their protest against austerity measures on Sunday when the general elections are due.
USD
Crude and Brent oil dropped as lifted US energy inventories outweighed supply concerns caused by export disruptions in Yemen, Sudan and North Sea.
GBP
Manufacturing sector in the UK performed worse than initially expected in April, reported research group Markit. UK's manufacturing PMI declined to 50.5 last month on a seasonally adjusted basis as compared to a March reading of 52.1. Experts ...
Title:
Technical analysis of the NZD/USD pair on May 1st, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has failed to break the resistance at 0.8235 and got back below 0.8180, giving us a sell signal.
The pair is going to test the support at 0.8134.
Indicators are mitigated.
We maintain to trade the pair according to the key level at 0.8180 :
- Long above this level. The breakout of 0.8235 and 0.8283 will both give a new buy signal
- Short below this level. The breakotu of 0.8134 and 0.81 will both give a new sell signal.
See the previous analysis of the NZD/USD pair of April 30th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on April 30th, 2012
Commentary of the NZD/USD pair :
A strong bullish movement occured on the pair NZD/USD and the breakout of 0.8206 gave us a buy signal.
Currently, the pair is testing the resistance at 0.8235.
All indicators are bullish.
We now advise to trade the pair according to the key level at 0.8180 :
- Long above this level. The breakout of 0.8235 and 0.8283 will both give a new buy signal
- Short below this level. The breakotu of 0.8134 and 0.81 will both give a new sell signal.
See the previous analysis of the NZD/USD pair of April 26th, 2012
NZD/USD Analysis
Title:
Technical analysis of the NZD/USD pair on April 26th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD is currently making a correction and is testing the resistance at 0.8180.
All indicators are bullish.
The pair is still moving above the upper band of its former bearish channel (purple lines).
We continue to advise short positons as far as 0.8180 is resistance.
A return below 0.8135 will comfort our bearish feeling.
The breakout of 0.8080 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8206.
See the previous analysis of the NZD/USD pair of April 25th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on April 25th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD is moving since yesterday between the support at 0.81 and the resistance at 0.8136.
The pair is still moving below the upper band of its former bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positons as far as 0.8180 is resistance.
The breakout of 0.8080 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8206.
See the previous analysis of the NZD/USD pair of April 24th, 2012
NZD/USD Analysis
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Technical analysis of the NZD/USD pair on April 24th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.8136 gave us a new sell signal.
The pair is currently testing a pullback on this level and is also testing the upper band of its former bearish channel (purple lines) as resistance.
All indicators are bearish.
We continue to advise short positons as far as 0.8180 is resistance.
The breakout of 0.8080 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8206.
See the previous analysis of the NZD/USD pair of April 23th, 2012
NZD/USD Analysis
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