fbAnalisi Tecnica NZDUSD | Deteriorating New Zealand data bearish for NZDUSD | IFCM Italy

Analisi Tecnica NZDUSD : 2020-09-25

Recommendation NZD/USD:

Sell
Forte Di VendereSellNEUTRALBuyForte Acquistare

Sotto 0.651

Sell Stop

Sopra 0.6796

Stop Loss

Expert Avatar
Senior Analytical Expert
Articoli 1591
IndicatorVALUESignal
RSI NEUTRAL
MACD Sell
Donchian Channel NEUTRAL
MA(200) Buy
Fractals NEUTRAL
Parabolic SAR Sell

Chart Analysis

IFC Markets Tech Analysis

On the daily timeframe NZDUSD: Daily is declining toward the 200-period moving average MA(200) which has leveled off. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.651. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.6796. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Analisi Fondamentale

New Zealand’s economic data weakened in last couple of weeks. Will the NZDUSD continue declining?

New Zealand’s economic data in the last couple of weeks were weak. Visitor arrivals continued to drop in July at unchanged pace, the services sector expansion stopped in August and manufacturing sector expansion almost stopped, while the trade surplus turned into deficit in August. Thus, visitor arrivals dropped 98.5% over year in July after 98.4% drop in previous month. The Business NZ Performance of Services Index fell to 46.9 in August from 54.4 in the previous month, and the Business NZ Performance of Manufacturing Index dropped to 50.7 in August from 59 in July. At the same time the balance of trade surplus of NZ$447 million in July turned into a deficit of NZ$353 million in August. Weak New Zealand economic data are bearish for NZDUSD.

Trading signals with a probability of 80% by Autochartist

  • Easy to use
  • Fully automatic
  • Wide range of analytics

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note: Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.