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NZD/USD

  • Post #1
  • Quote
  • First Post: Edited 3:18am Aug 6, 2010 2:48am | Edited 3:18am
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
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Channel Chart
Attached Image (click to enlarge)
Click to Enlarge Name: KIWI_channel_aug_6.GIF Size: 237 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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.
Attached Image (click to enlarge)
Click to Enlarge Name: Kiwi+further look back.GIF Size: 261 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Hi XTrade,

Nice harmonics on the weekly. NFP 2day. I will be interested to see where we close.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd2.gif Size: 22 KB
Never underestimate an idiot.
breaking lower DTL...
Attached Image (click to enlarge)
Click to Enlarge Name: chart8.gif Size: 22 KB
Quoting XTrade
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.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
actually, it looks as if it's already been broken and just went up for the retest, nice fall at the apex:
Attached Image (click to enlarge)
Click to Enlarge Name: chart8.gif Size: 15 KB
I love that bird! It has no wings and is endangered...

Quoting rahulkghosh
awww. that's such a cute bird.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
I'll take another look,

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

Quoting Phonetic
actually, it looks as if it's already been broken and just went up for the retest, nice fall at the apex:
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Hi,
Aussie and Kiwi didn't get much help from the NFP. Trying to see what else may be going on in the background..

Quoting uncle gromit
Hi XTrade,

Nice harmonics on the weekly. NFP 2day. I will be interested to see where we close.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
Quoting XTrade
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.
Never underestimate an idiot.
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 :)

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  • Post #14
  • Quote
  • Edited 10:11pm Aug 9, 2010 6:35pm | Edited 10:11pm
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
Quoting Pickensrulz
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.
need this 4HR bar to close below the TL for more shorts...so far looking good:
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 17 KB
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)
News in 5 mins.. Are we going down from here?
Quoting Srikanth
News in 5 mins.. Are we going down from here?

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