Posts tagged 'NZDUSD'

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

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

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

Kiwi strength has led to confirmation that the NZDUSD trend is again positive, and also signals that gains in AUDNZD were temporary.Last week’s gains in NZDUSD created the 5th positive weekly performance in a  row and confirmed prices above both the 13 & 21 week moving averages. This, coupled with a confirming move by RSI through... read more

The trend for the bulk of this year has been clearly positive but a double top being formed above 0.7400 has confirmed a peaking of investor demand. A negative break of strength indicators (RSI) below their moving average has been confirmed with a similar move in the spot after last week's powerful decline.In addition, the weekly... read more

....The underlying trend in NZDUSD has been positive throughout this year but is now being questioned by the market.Strength indicators (RSI) became bullish more than a year ago and have proved more resilient than the spot price where the trend was threatened strongly in January, and less so in May (RSI did give a minor downside... read more

....July & August have both seen NZDUSD peak above .7300 but our signals for sentiment indicate that the upside remains the market's focus and levels beyond this year's highs are expected in the coming weeks.RSI signals have been bullish throughout this year (positive trigger given Sept 2015) with only May's unconfirmed break threatening that stance.July's RSI... read more