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XTrade Aug 6, 2010 2:48am | Post# 1

NZD/USD
 
Hello All,
This pair needs a thread for live discussion and I could not find one so,
Here we go!

(Shout to Jimobiwan - Thought you would have started it already!)

Somewhat of a temporary top formed around .7350 and after multiple attempts at the level, Some poor employment data (higher unemployment than forecast) helped derail the rising trend for the Kiwi this week.

Falling over 100 pips the pair found some support at 7250.

The LTL from 6800 rise is still intact and another attempt at 7400 may prevail should the line hold, in addition we are ahead of the NFP, which may push the USD further down. We will see tomorrow.

There may be a long in here but I am just watching Kiwi as of now.
Welcome!
Hope to see you here.
XTrade

Baby Kiwi Bird of NZ
http://www.cbc.ca/gfx/pix/kiwibird_cp_3376213.jpg

XTrade Aug 6, 2010 3:00am | Post# 2

VERY QUICK
 
1 Attachment(s)
Channel Chart
Click to Enlarge

Name: KIWI_channel_aug_6.GIF
Size: 237 KB

XTrade Aug 6, 2010 3:32am | Post# 3

1 Attachment(s)
Here is another chart leading up to now.
After the double bottom on daily.

Aussie broke a symmetrical triangle before and is rising at current.

Would like to see a pop, yet this pair can move very slowly sometimes.

Edit:
The charts are fairly naked and I am not using my regular ones. (New account) Sometimes it is nice to strip everything away and start
analysis with just a few definitive lines.
Click to Enlarge

Name: Kiwi+further look back.GIF
Size: 261 KB

uncle gromit Aug 6, 2010 3:55am | Post# 4

1 Attachment(s)
Hi XTrade,

Nice harmonics on the weekly. NFP 2day. I will be interested to see where we close.
Click to Enlarge

Name: nzd2.gif
Size: 22 KB

Phonetic Aug 6, 2010 10:55am | Post# 5

short
 
1 Attachment(s)
breaking lower DTL...
Click to Enlarge

Name: chart8.gif
Size: 22 KB

rahulkghosh Aug 6, 2010 11:09am | Post# 6

Hello All,
This pair needs a thread for live discussion and I could not find one so,
Here we go!

(Shout to Jimobiwan - Thought you would have started it already!)

Somewhat of a temporary top formed around .7350 and after multiple attempts at the level, Some poor employment data (higher unemployment than forecast) helped derail the rising trend for the Kiwi this week.

Falling over 100 pips...
awww. that's such a cute bird.

Phonetic Aug 6, 2010 11:09am | Post# 7

1 Attachment(s)
actually, it looks as if it's already been broken and just went up for the retest, nice fall at the apex:
Click to Enlarge

Name: chart8.gif
Size: 15 KB

XTrade Aug 6, 2010 1:29pm | Post# 8

I love that bird! It has no wings and is endangered...

awww. that's such a cute bird.

XTrade Aug 6, 2010 1:30pm | Post# 9

I'll take another look,

my charts were not perfect, I am getting used to the charting on TS2.

actually, it looks as if it's already been broken and just went up for the retest, nice fall at the apex:

XTrade Aug 6, 2010 1:40pm | Post# 10

Hi,
Aussie and Kiwi didn't get much help from the NFP. Trying to see what else may be going on in the background..

Hi XTrade,

Nice harmonics on the weekly. NFP 2day. I will be interested to see where we close.

XTrade Aug 6, 2010 2:45pm | Post# 11

OK, this is what I got,

Risk Aversion, Commodities, Oil, base metals
ie: "Copper Declines for Second Day as U.S. Jobs Report Dims Outlook for Demand -"

Gold actually rose and is complicated during these inflation / jobs reports.

Platinum, Palladium, Crude, CU, Natgas Down, which can affect currencies from commod exporters when investors look to evade risk

"Agriculture and horticulture, forestry, fisheries, energy and minerals are the primary natural resources of New Zealand. The most valuable of these product groups, providing a high proportion of New Zealand's export earnings is agriculture and horticulture which incorporates the production of sheepmeat, beef, wool, dairy produce and hides, deer, goats and cereal products. In fact, agricultural products total more than 50% of all New Zealand exports."

So livestock, dairy, beef, and lumber should be good barometers for this pair at times.

Actually - just checked Lumber for Sept delivery is down $5.50

I am fairly new to KIWI trading. Still learning. If anyone who is more experienced in this pair would like to add please do.

Aussie getting a nice pop here before weekend. Kiwi slightly

uncle gromit Aug 7, 2010 11:12am | Post# 12

OK, this is what I got,

Risk Aversion, Commodities, Oil, base metals
ie: "Copper Declines for Second Day as U.S. Jobs Report Dims Outlook for Demand -"

Gold actually rose and is complicated during these inflation / jobs reports.

Platinum, Palladium, Crude, CU, Natgas Down, which can affect currencies from commod exporters when investors look to evade risk

"Agriculture and horticulture, forestry, fisheries, energy and minerals are the primary natural resources of New Zealand. The most valuable of these product groups, providing a high proportion...
I'm not a funny mental person. Purely technical for me. Can't say much more. Just the chart looks like price is stalling.

Gollum99988 Aug 7, 2010 12:53pm | Post# 13

first post
 
Hallo to everybody

I'm new on forex factory. I'm trading forex like 2 Jears now,english is not my mother lenguage so sorry for all my foults.
That's way I'm gonna make videos that you can understand me better :)

Inserted Video


Pickensrulz Aug 9, 2010 6:35pm | Post# 14

Kiwi is ready for a big break. It is finishing consolidating in a wedge formation and will break out soon, FOMC will trigger a break out more than likely.

Sell Below 7245 or Buy Above 7344 will be the trade.

i wanted a break higher but it appears to want lower.
short at 7259

Pickensrulz Aug 10, 2010 9:55pm | Post# 15

Kiwi is ready for a big break. It is finishing consolidating in a wedge formation and will break out soon, FOMC will trigger a break out more than likely.

Sell Below 7245 or Buy Above 7344 will be the trade.

i wanted a break higher but it appears to want lower.
short at 7259
Kiwi could not close about 7245 after FOMC. It couldn't even get past the tip of the wedge at 7280. This is very negative for this pair. I expect .70xx this week.

Phonetic Aug 11, 2010 10:53am | Post# 16

1 Attachment(s)
need this 4HR bar to close below the TL for more shorts...so far looking good:
Click to Enlarge

Name: chart3.gif
Size: 17 KB

Gollum99988 Aug 11, 2010 11:08am | Post# 17

And already second target is touched, but when it shuld drop to the third target than I would be looking for long (+100 pips) becouse I think there is some support

(ale to jest forex wiec wszystko moze sie wydarzyc)

Srikanth Aug 18, 2010 6:40pm | Post# 18

News in 5 mins.. Are we going down from here?

AllDayIrish Aug 18, 2010 7:17pm | Post# 19

News in 5 mins.. Are we going down from here?

Barely a blip around news time. I believe we're heading down. GLTY

Astroman Aug 18, 2010 8:02pm | Post# 20

Barely a blip around news time. I believe we're heading down. GLTY
yeah I thought we would see a bit of a jump on that even if it didn't last long. Could the drop in the EUR/USD be holding this back some?


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