NZD/USD Trades Near Weekly Low Despite Looming US-China Trade Deal
The NZD/USD trades near weekly low despite looming US-China trade deal. If you are trading a Kiwi Dollar or other currencies, you have to make sure that the NZD/USD trades at the low levels to ensure that your dollar earning potential is maximized.
Several news outlets are still speculating if there will be a hard fork (however this may seem to some traders, this may not be the right way to read the situation). Therefore, it is advisable that you consider your forecasts, and forecast well.
To make sure that you know when to invest your currency, there are 4 areas you have to consider: Low, Average, High and Stubborn High. In order to really know when to invest, you have to analyze the index level trends, that you know.
In such a scenario, Soft forks are usually a factor to consider. In this scenario, the coin prices tends to level off and at the next phase of high which may be at the 50% level. For example, if a bitcoin price per coin rises up to the 52-week highs, the coin will be going to the next phase of high in this scenario.
In an article by the University of Missouri, they say the following: It is hard to say whether a soft fork has occurred or whether the price moves off the fork before it reaches the next level. The most important thing to remember about the risk of an event like a hard fork is that there is a lot of uncertainty about its likely outcomes.
It is hard to predict when to go short and when to go long. It is still some weeks in the future before we know what the actual outcome will be. There is no point in going long now, if the conditions of a softfork are such that you will just sit in your shorts waiting for the perfect fork to happen.
On the other hand, when the conditions of a soft fork are such that you will be able to buy in on the fork in order to create your own direction, you should be prepared to buy. As a result, you can guess when to shoot and when to go long, if you have a sense of the situation.
There is no hard fork when there is another fork, like the US dollar. Therefore, you can take the advice of the University of Missouri again, that there is no point in going short or going long.
It is easy to guess when to shoot and when to go long, but there is no hard fork in the daily trades when there is a soft fork in the currency. Therefore, you can still take the advice of the University of Missouri and it is safe to go short on the NZD/USD, and it is safe to go long on the USD, in this scenario.
The University of Missouri gives a couple of technical indicators, one of which is Fibonacci retracement levels, which indicates that when you short the NZD/USD you go short at the first point of a Fibonacci retracement level, that the “F” point, which is going to be the first “F” point of the top of the triangle. So, this is good for you to know when to short or to go long, because the price will level off as the last “F” point of the triangle.
Therefore, the NZD/USD trades near the bottom of the triangle. If you think about the sequence of history and all the factors, you will see that the NZD/USD goes down at the first Fibonacci retracement level of the bottom of the triangle.