A Long White Day Candlestick pattern is a chart formation which consists of a single candlestick. The real body is white and very long with shorter upper and lower shadows. It is considered to be a trend continuation pattern. Read More…
Category : AUD, Charts, Forex, NZD, Technical Analysis
A Broadening Bottoms pattern is a chart formation which emerges at the bottom of a downtrend. It starts with small price movement that gradually widens into higher highs and lower lows. This gives it the appearance of broadening out on a timeline. Broadening Bottoms are considered to be bullish reversal signals. Read More…
Category : Charts, Forex, NZD, Patterns, Technical Analysis, USD
An Extended V Top Pattern is a chart formation which combines a standard V Top with a flag or pennant formation following. This is considered to be a bearish reversal pattern following the breakout from the extension, although the breakout direction can move upwards as well. Read More…
The New Zealand dollar, called the Kiwi, is the least liquid of the major currencies, and NZD/USD doesn’t have a breakout in the Bank for International Settlements 2010 Triennial Central Bank Survey (table on page 16 of the PDF document). Presumably it’s lumped in with USD/Other, accounting for 11% of all currency turnover. However, NZD is on one side or the other (long or short) in 1.6% of all forex trading, behind the Swedish krona (2.2%) and the Hong Kong dollar (2.4%). To put this into perspective, because both sides of the trade are calculated at the same time, the total percentage is 200%, e.g., 1.6% of 200%. Read More…
Category : AUD, NZD Tags : Forex, forex analysis, forex market, forex traders, forex trading, forex trading market
Trading the New Zealand dollar (NZD) became increasingly popular between 2001 and 2007, as noted by the Bank for International Settlements, as a correlated and high-yielding cousin to the Australian dollar (AUD). In that time frame, the amount of trading involving NZD rose from 0.6% of all currency pairs traded in 2001, to 1.0% in 2004, and to 1.9% in 2007. The increase in trader interest has led to increased liquidity in NZD crosses, making these currency pairs even more attractive to traders. Read More…
Category : NZD
