Review of New Zealand Dollar for last 3 days

Having recently posted an article about NZD forecast, we review those forecasts of NZDCAD, NZDUSD and NZDJPY which were picked up.

Although some of them once downed further, NZD has reverted against the downward trend for the past two weeks. It proves nothing in fact as no one can predict the future market at 100% surely. For the traders and our App users, it encourages that better fitted analysis would lead to more precise forecast.
Figures of those three FXs in Forecast vs Realized market are described as below. NZDCAD had downed a little bit more sharply at the analysis, and it seemed to have less room to deepen further for last 3 days.

[NZDCAD Forecast vs Realized market]

NZDCAD Trend & Momentum on 23-Apr-2019

NZDCAD 23 to 26-Apr-2019 (TradingView)

[NZDUSD Forecast vs Realized market]

NZDUSD Trend & Momentum on 23-Apr-2019

NZDUSD 23 to 26-Apr-2019 (TradingView)

[NZDJPY Forecast vs Realized market]

NZDJPY Trend & Momentum on 23-Apr-2019

NZDJPY 23 to 26-Apr-2019 (TradingView)

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NZD reviving in a couple of weeks? Trend and Momentum on 23-Apr-2019

NZD has sharply fallen since the late of last month. Particularly, NZDUSD has been downed by about 3.5%, and NZDCAD by 3.8% respectively.
It might have been a tricky situation in the forex market in this April, not just only for NZD but also for CHF which experienced a worst month since 2017 according to Bloomberg.

[Bloomberg] Franc Set for Worst Month Since 2017 Means SNB ‘Sleeps Easier’
The franc is headed for its worst month in almost two years, bringing relief to Swiss policy makers seeking a weaker currency in their quest to revive inflation.

The currency has lost about 2.5 percent of its value against the euro this month, a depreciation not matched since July 2017. The drop is spurring a re-think among some analysts, who are looking to revise their currency forecasts given the collapse in market volatility that has failed to boost demand for haven currencies.

In the meantime, the Trend and Momentum signals indicate NZD could revive in a coming week. The signals against USD, CAD and JPY.

NZDUSD Trend and Momentum on 23-Apr-2019

NZDCAD Trend and Momentum on 23-Apr-2019

NZDJPY Trend and Momentum on 23-Apr-2019

To check Forex trading signals, download Forex Signal by QROSS X.

NZDJPY trend & momentum 9-Apr-2015

NZDJPY stays around the highest level since beginning of this Apr. The trend and momentum indicates NZDJPY is being into downward trend for a coming week. 
Japanese Special Quotation (SQ) will be released tomorrow in Tokyo time, overnight in European time. Nikkei 225, the bench mark of Japanese stock market, has hiked today at the highest level for last 15 years. However, if tomorrow's SQ is resulted as disappointment in the market, Nikkei is expected downturn and typically JPY will be stronger against other currencies in that situation.
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NZDUSD, NZDJPY trend & momentum 19-Mar-2015

Cross NZD FX, NZDUSD and NZDJPY, has soared further than early this week.TThe trend and momentum now indicates those FX still have room to go up, however the upward trend for last one week is expected to reverse into downward trend from the beginning of next week.

NZDJPY Trend & momentum 11-Mar-2015

NZDJPY has fallen for last one week, turned into downward trend. NZDJPY currently stays around 87.40 lower than indicated last week on this Forex Flyer.

The trend and momentum as of today indicates NZDJPY could be reversed to upward trend against the downward trend for a last week. Reserve Bank of New Zealand (RBNZ) governor, Mr. Wheeler will have a speech on the earliest this Thursday UTC, and FX market could be fluctuated according to the speech.


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NZDJPY trend & Momentum 4-Mar-2015

NZDJPY stays around 90.70 now, which has constantly gone up since beginning of Feb, one month ago. Looking at NZDJPY for last half month, it has hiked globally while it has been around 88.80 - 89.50 earlier in that time, and it has jumped at around 90.00 - 90.50.

The trend and momentum, which looks better fitting as of today, indicates it could be reversed to around 89.50 in a coming week. In long term, both of NZD and JPY are expected weak against other major currencies such as USD or GBP, due to their expected monetary policy in a coming year.

NZDJPY Trend & momentum 18-Dec-2014

NZDJPY has been upward trend for this week, and it stays around 92.0 now. The trend and momentum has indicated NZDJPY on flatter upward trend up to later today in universal time. It implies the upside of NZDJPY could be limited in a coming week. Fundamentals news seems have been released enough in New zealand, and Japanese stock index N225 has jumped in large scale, which is correlated with JPY down.

 

NZDUSD, NZDJPY Trend & Momentum 16-Aug-2014

NZD has been stronger against some currencies such as USD, JPY or GBP for last week, inverted against the week before that time.

The trend and momentum indicators are better fitted in NZDUSD and NZDJPY, which imply the upside of them is limited in a coming week at around 0.851 for NZDUSD and 87.35 for NZDJPY respectively.


Long-term trend shows both NZDUSD and NZDJPY state near highest level for last 1-2 years as strong NZD in that period.


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