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)

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

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.

USD downward trend in a coming week?

ECB's (dovish) decision shocked Forex market yesterday as their negative outlook to the European economy and geopolitical uncertainties over the world, such as Brexit, US-China trade war, ...

On the other hand, in short term horizon, USD have been relatively stronger for a last couple of week against major currencies JPY, CHF, AUD, NZD, GBP and EUR of course. Our trend and momentum signals indicate this bullish USD could get bounce back. In the next week, more stories about Brexit anticipated, the market could turn more negative mood. If it is, JPY or CHF which are traditionally safe asset in bearish market can be relatively stronger in the negative market.

Here are some of snapshots from the trend and momentum charts. Those are as of the beginning of today (UTC).

[GBPUSD Trend and Momentum 8-Mar-2019]

[AUDUSD Trend and Momentum 8-Mar-2019]

[EURUSD Trend and Momentum 8-Mar-2019]

EURUSD jumped after yesterday's ECB decision.




[NZDUSD Trend and Momentum 8-Mar-2019]

[USDCHF Trend and Momentum 8-Mar-2019]

[USDJPY Trend and Momentum 8-Mar-2019]

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

NZD expected under jumping risk toward RBNZ financial stability report

NZD has been relatively weaken against major currencies, particularly GBP or USD since beginning of 2015.
 RBNZ has been expected to cut interest rate since early this year. See a related post.
 NZD is weak towards RBNZ releasing financial stability report in today's evening GMT. It implies the market consensus still expect downside at interest rate. Even US and UK are still hesitating to rise interest rate, and RBNZ is unlikely to change their stance to the policy.

 Ref (picked up on Newsensus ) NZ dollar falls ahead of RBNZ report, retail sales

 GBPNZD trend & momentum chart

Check international business news on Newsensus. Available on GooglePlay

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.

NZDUSD Trend & Momentum 19-Nov-2014

Trend & Momentum indicates NZDUSD could be going down in this week, though the opposite side risk is remaining later. Cross-NZD FX has been stronger against major currencies as well as AUD.
 Oceanian economy is relatively stable and US economy has gotten competitivenes now. The trend reversal can be out of bias unless any surprises are coming up.

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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