Grashid -GBPNZD and GBPAUD (Any GBP pair also welcome)

I'm more a long-term trader. For me a long-term is 2-3 years time. Medium-term 6 months - 1 year. I believe that it could reach 2.5 this year or next year. We will see.

do you think that gbp/nzd will go up from here? seems the conservatives are going to be able to cut the budget defecit

I believe so:

GBPNZD



Long 85 000 Entered at 2,06340 Now 2,07830
I increased a little to make 85k my main position, I will add at every 5 cents if it goes down which I don't believe for now. I believe NZD will be weaker to the end of the year, I think it was the top for it. We will see.

hi.
I was passed this link to get weekly reports from BNZ, thought it may be helpfull.
it says how to subscribe near the top.

OMG
Take a look. I trade with Saxobank
See the GAPs

What's that ? I have never seen such a GAP. It's like that for about an hour I doubt it's a mistake.

nice day to be long gbp/nzd
i have a daily close above major tl, also above the 50 day moving average, also above the monthly pivot level
could this be the start of an up trend?
will look to add to longs. target 2.42-2.5
good luck

hitting resistance around october low close (i have 2.1559 as weekly low close and 2.1529 as daily low close)
a good idea for a shorter trade could be using the range between the 50 and 100 day moving average, maybe buy from below the 50 (2.12ish) as there is support from the monthly pivot at around 2.1166 allowing for a good r:r.
holding longs from around 2.05 with open target. looking to add if closes above 100 day moving average on daily chart

are you holding/ adding longs octacomm?
have you being watching the pair grashid?
good luck

A quick look at where we closed to, i will have a better look tomorrow
weekly chart: ranged between the 10 and 20 week moving averages, a close above the 20 would have made me feel better. it did close above the october low close though (2.1559)
Daily chart: still ranging between the 50 and 100 moving averages, will buy on test of the 50, looking to add on break of the 100

medium- long term bias: bullish

Hi Octacomm
are you holding longs?
i think i remember you writing you traded on fundamentals. do you think last nights rate hike will have a lasting affect or just a good opportunity to add to longs?
at the mo we are below the 100day moving average, close back above 2.1647 keeps us above it, close below and will probably see a test of the 50 day ma, at present 2.1348

Hello Jimbo,
I'm sorry that I haven't posted for a while. I still think it's a wonderful opportuniy, of course the rate hike will have impact, it has already had but as I think the currency is overvalued and the GBP is under, I think the pair will go up.

I'm currently out of positions because I have opened huge longs at EURJPY and GBPJPY at 133 and 113. I can't take more risk that's why I'm out of this pair. The potential of GBPJPY and EURJPY is much bigger than here and of course the risk SO not a recommendation. I'm a bit crazy you must be crazy to keep 600k longs against the short trend but we will see. I believe the ECB and other CB won't allow the EUR to fall more and we will have correction, the GBP will follow and the USD will weaker soon. That's what I believe.

thanks for the reply Octacomm
I have been away this week which has made it harder to follow, as i am on a small laptop with my drawn out charts at home.
I closed some of my position before the rate decision, wish i had closed more now. i still think that it will go up but has had a setback.
the down move of the last couple days seems very strong, combination of good nz news and bad uk news
i can see the possible forming of an inverse head and shoulders, look at the march lows, mays lows and the last close. support at 2.10 area. neckline from 5/4high- 7/6 high. Could this be a valid formation?
Grashid have you being watching the pair at all? do you have an opinion on where it may go?
cheers

GN seems to be in a range at H4 between 1.1820/22010 and 2.1140/2.1035 since 2010.05.20. I trade the range at M15 and waiting for a break out.
Looking just now if EMA55 at M30 hold as price line.

I started following the pair GBPNZD , it has very big daily ranges !!! Interesting pair to trade though the spread is a bit high (10 to 15)

i'll post this weekend..sorry late reply as am still in no mood atm (world cup 2010)

cheers
enjoy the world cup

looking for more up on gbp/nzd, daily close above 50 ma, RSI at 54.8,
100 day ma at 2.1435, 200 day ma 2.1921

any ideas on where this is gonna go?
On daily i have it just above the 0.5 fib of the last upmove, after testing lower earlier.
on the weekly, last week i had it break above descending tl around 2.156, but it is back below now
good luck

yellow line is uptrend support, green line is resistance
the orange line is the weekly trend line, hoping it will close above it tomorrow, have my doubts though
the daily close is around the same level as the consolidation during the last upmove

gbp nzd

With the non-ideal Gartly pattern being seen in daily along with reciprocal ab=cd, we will have the price gained by January 4th , Due to slow pace of correction if everything goes well.

Warmest