Posts tagged 'NZD'

For the first time since last August, our trend following signals for AUDNZD have turned bullish.Last year's peak in August was signals by a Bearish Dark Cloud cover pattern on weekly candle charts. That bearish pattern was followed, 2 weeks later with a negative 'dead' cross of the 21 week moving average and a matching cross... read more

Last week's investor demand yielded a 4th positive weekly performance from the last 5. Importantly, the move took NZDUSD to the most positive levels traded for 14 weeks, breaking above the trend defining 21 week moving average.This confirms a similar bullish cross in the NZDUSD RSI indicator that occurred 3 weeks previously.A change to a bullish... read more

Overnight news from the RBNZ has hit the Kiwi. Actually it has only emphasised a weakness that was already there as we can see with a look at 2 of the currency pairs in our Trend Table.Our medium term bias for NZDUSD has been negative since April when a 'dead' cross in the spot  through the 21... read more

Our medium term Trend Table turned bearish for AUDNZD in the second week of this year.  But are we now seeing a reversal of that trend?Prices fell by almost 5 big figures after a negative cross by spot AUDNZD  through the 21 week moving average confirmed a similar, earlier breach of the corresponding RSI average. But... read more

The bullish trend in NZDUSD, that began at the start of this year, is under threat. This week's strong decline has replicated last week's reversal in sentiment from lower levels.After the positive trigger of spot NZDUSD moving above the 21 week moving average (confirming a similar positive cross in RSI) prices moved nearly 3 1/2 big... read more

We have been negative towards the Kiwi in our Trend Table for some months. Has anything changed? No is the short answer although AUDNZD bears closer attention. I'll look below at the current situation for the NZD against USD, NZD and the Euro.in NZDUSD the negative break was later than elsewhere, occurring in August with the... read more

Last week's NZDUSD decline was the 4th negative weekly performance from the last five. But, more importantly, the spot broke below the 21 week moving average confirming a similar RSI breach the previous week.This move has turned NZDUSD sentiment bearish for the first time since May. The positive change then was to yield almost 5 big... read more

GBPNZD is testing a key weekly level. The 21 week displaced moving average has a history being an excellent medium term trend indicator and the spot price is, currently, trading back above. This is backed up by a similar, potential, 'golden' cross in our RSI indicator.GBPNZD gained more than 21 big figures from January's low but... read more

Last week saw a strong move higher in NZDUSD that confirmed a break of key moving averages in both spot NZDUSD and the RSI indicator. This change to a bullish tone comes after February's negative move yielded only limited downside. Importantly that decline stalled at a 50% correction to the Sep'15 to Sep'16 rise - just as... read more

A positive move through the 21 week moving average in AUDNZD in February confirmed a similar move in RSI the previous week.The year's peak was reached during March and the market has slipped back since - crucially to that moving average which, despite spikes below, has held the downside for AUDNZD on a closing basis over... read more