Newzealand Finance minister ENGLISH just gave a statement that high NZD is not good for our export and hurting our economy and we saw a drop of 25-30 pips however NZDUSD is likely to go down soon.
On the other hand RBA gave hawkish statement which took AUDUSD pair to 1.330 level however it will run out of air sooner or later this week and should come down again.
JPY have again shown some strength after Japanese Minister meeting which was already expected by investors.
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It’s awesome when people make a lot of predictions. Because you can brag about all the ones you get right.
Now the difficult question.
What was those news reports specifically, and what is your logical basis that price will move as you said.
At this point, you’ve really only said there was a news report and price is likely to move as a result of it.
Yes despite the news is negative but nzdusd is still bullish
Why is your English flawless when you provide analysis, yet not so much when you write otherwise?
What do you mean by flawless? I always write like this mate.
NZD/USD since 11.07.2014 was in a strong and without reformation downtrend that shows the certainty of the sellers in achieving the predetermined goals. Sellers during this downtrend were successful in achieving the lowest price of 0.76056.Price during the Increase by reaching to the Down Trendline(made of 3 top prices)also the R1-WP has been stopped from more ascending and right now some of the buyers by reaching to these resistance levels started to cash their trades.
According to the formed price movements in H4 time frame, there is a Bat harmonic pattern between the top price of 0.78701 and the recent ascending that by completing the D point of this pattern ,there is a warning about stopping of ascending of the price.Stoch indicator in 4H time frame is in saturation buy area and with the next cycle warns about descending of price during the next candles, but because of lack of coordination with the daily time frame is not much valid.Given the current situation of price, the best confirmations for ascending and reformation of price is the price should break Down Trendline and pass it.
