The NZDUSD is a combination of the New Zealand Dollar (NZD) and the United States Dollar (USD), NZD/USD is often referred to as the “Kiwi”. Here, the New Zealand dollar is the base currency while the United States Dollar (USD) is the counter currency.
A sell for NZD USD forex signal means selling the NZD and buying the USD at the same time and vice-versa. The NSD USD forex signal is based on either our fundamental analysis or technical analysis and sometimes the two may corroborate each other, in that case the possibility of such trades doing well is high.
Fundamental data such as the interest rate of the Reserve Bank of New Zealand and the interest rate coming from the U.S. Federal Reserve affects the movement of the NZD/USD.
Also, major speeches coming from the Chairman of both the RBNZ and U.S. Executive and Federal Executive meetings of these two countries affects whether the pair “NZD/USD” will be bullish or bearish. If the fundamental factors favor NZD, then the pair is likely to be bullish and as such more USD will be needed to buy the NZD.
At Nys Trading we send signals for NZD/USD trade when all indications technically show that we can either sell or buy. At times, these decisions may be prompted by combination of indicators or price action at major confluence levels.
What do I get in the NZDUSD signal?
If the NZD USD forex signal was generated by our technical analysis, then we will send the chart and why we think the levels we intend to buy or sell is valid based on price action at those levels.
However, if our decision to buy or sell is based on fundamental analysis, then the signal will come with commentaries and basis that prompted our decision. We do this at Nys Trading not to just make our subscribers profit alone, but so they can as well learn and be better as a trader. The NZD/USD forex signal can be a pending order or instant execution.
Instant Execution: Our instant execution will provide our clients with the entry price, stop loss and take profit.
Pending Orders: Here, we send the entry price we want the trade to be executed to subscribers, the take profit and stop loss is sent at the same time. They are expected to set the entry price, stop loss and take profit and expect that market gets to the entry price.
Once the market gets to the entry price, the order is filled automatically. Our pending orders can be a buy stop, buy limit, sell limit and sell stop.
Are there updates on Signals?
Yes! Our NZD USD forex signals come with an update once the condition of the market changes, sometimes we may decide to exit even when we have made some profit, in such cases, we will send an update informing our subscribers to close the trade before our target is reached.
This happens if there is any likelihood that the market may turn against us. Also, we may not sometimes exit if we are already in profit; in this what we do is to send an update to our subscribers informing them to lock some profit (i.e., move stop loss above our entry price).
That way the trade runs risk-free; even if the market retraces, we will be taken out at a profit.