Patience + Humility + Study = Success
- Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
How to find out why the euro is strong or why the dollar is weak? 8 replies
Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies
trading gbp/nzd with nzd/usd overlay 6 replies
NZD/JPY AUD/NZD basket 3 replies
DislikedLOOKING at DIP but not happening for the past few days.. missed the 7700 area!Ignored
DislikedDo you really mean it? It doesn't look as though JPY can ever become a pillar of world's financial products except yen-carry trade. Even if Bank of Japan may hike the lowest interest rates in August, it would be no more than 0.75%.
Generally speaking, August is called "summer decline market" month in Japan. Even if each person may close a position(liquidation of longs) at some stage, people would have no alternative other than to reinvest earnings.Ignored
DislikedWhile we wait there is some good opportunities to day trade the NZD. It seems like it will hit a certain resistance (like .7940) and bounce of that for a couple of days if there is no major fundamentals that will push it through. It will eventually break it until it hits another big resistance. The next one probably .80c.Ignored
DislikedBTW.. There is word that Japanese are lined up to buy on dips. This suggests that if there is any downward movement next week, they will be buying to lift it back up.Ignored