Nzdusd head to go resistance with high accuracy read the captionThe NZD/USD declined towards 0.5871 on Tuesday reflecting a loss of 0.46%, despite. The pair's movements are largely influenced by the market’s adjustments of their expectations and the delay of a rate cut by the Federal Reserve (Fed) by year-end. Rising Treasury yields are also applying downward pressure on the pair.
On the data front, in March, Building Permits experienced a decline of 4.3%, dropping to 1.457 million, below both projected and February's figures. Housing starts also saw a significant drop of 14.7%, falling short of expectations at 1.321 million. However, industrial production for the same month rose by 0.4%, meeting expectations
Forex-technical-trade-ideas
Btc confirm analysis read the caption Btc The technical picture now is more bearish as the decline from the 20-month high reached two weeks ago has continued, with the price trading above the big round number at $40,000 and breaking above some resistance levels which have now likely flipped to become resistance.
Despite this bearishness, over the past couple of days the price has firmed up and established a couple of higher lows and support levels. However, the price chart below shows that the price is well within a bearish price channel, although the lack of symmetry in the channel suggests that it may not be very reliable. Nevertheless, there is a confluence of the upper trend line of this channel with a zone of resistance stretching from $40,423 to $40,667. This looks likely to be a great place to enter a short trade if we get a bearish reversal rejecting that area.
Eurusd expected move read the caption Eurusd relatively volatile after the latest flash manufacturing and services PMI numbers from the US and Europe. It initially jumped to a high of 1.08980 and then pulled back as traders wait for the upcoming ECB decision and US economic data.
The latest numbers by S&P Global showed that European manufacturing sector continued to contract in January as companies complained about inflation and supply chain issues. In Europe, the manufacturing PMI rose to 46.5, better than the expected 44.7. Despite the improvement, it remained below 51, meaning that the contraction phase continued.
Structuretradingview on BTC05/19/2019.
Bitcoin has been on the rise for the past few months and expecting it to appreciate more from the look of the market, Buyer are in control...
Technical Analysis:
Using a combination of our tools from our trading toolbox (Fibonacci, Support and Resistance Level) At Fib's 50% (7094.0) price level showing a bullish engulfing pattern. From the previous trade session, we can see that at same Fib's 50% price level, acted as a support then went on to hit the Fib's 100% price level and did a reversal down back to Fib's 50% price level.
Waiting to break resistance price level at Fib's 61.8% at 7483.0 price.
Area valued to enter for this trade would be above the resistance price level at 7520.0 and set my first target price at 7861.0, take my first profit out of the market, wait to take my second order to aim target price at Fib's 100% price level at 8448.0 price...