NZD/USD

my 4h chart~~~
its already not in the rising channel....

I hope everyone's shorts down to the big round number are in the bank now (thanks to loose enough stops and patience).

now it's easy, I think just picking pullbacks and selling back down will work well in the choppy trading still to come this week, no?

my big play is a sell limit 0.8033. stop 0.8133, target 0.7863

support at 0.7968 must give out though, hoping for that in the next 8 hours, otherwise the bulls will be back

again, volume spiked on the test up to 0.8060 today, which in my humble opinion means that there are a lot of shorts lined up there and continuing to line up now

(this is me using the measure of "volume" with a grain of salt, since my broker only shows their own volume, which could be a fluke as compared to the market...)

http://i52.tinypic.com/5jutdf.png

i closed my Short too early.



I went into this trade for a specific target but settled for a small profit.

Any body got a pistol I can shoot myself with?

I have said it before and I will say it again: cutting losses are easy---just exit at your predetermined SL. Maximizing profits......

Market sentiment was bearish toward NZD follow by Osama's death and drop on commodity prices.

Overall - NZD still looking bullish in 1-hour time frame.
Potential Long @ 0.791.

Portfolio:
Still holding Long on 0.7300 and 0.7495.

Good luck too all traders.

Long Opportunity @ 0.7800

As compared between Kiwi and Aussie - Kiwi was still on the better side with the recent up-beat econ data.

Good luck to all traders.

Monthly chart



Daily chart

Hello dudes,

I think when NZD break the line and go beyond the triangle , We can consider an up trend begins.

I am just wondering, is there anyone trading NZD now? this looks like a very good down move to 7680 area but it seems no one is looking into this. To be honest, I have been selling rallies since 7950 area but it seems everyone thinks we still in bull. any more thoughtS?

Monthly



Weekly



Daily

Still holding Long...
Portfolio:
Long @ 0.7300, 0.7495 (3 months - long term), and 0.7905 (1 month - mid term )
The later one 0.7905 has changed to short term trading.
TP @ 0.7960.

NZD not much event on the go this week except the inflation expectation.
I turn from neutral to slightly bullish level on this pair over this week.

Good luck to all traders.

Why the sudden spike Up of the price? Favourable inflation expectation?

As mentioned - there is a slight bullish indicator.
NZD has met my target.
Short term trading target closed. [Long 0.7905 TP @ 0.7961 (+56 pips)]

Nzd/Usd This pair is still on uptrend, started a new cycle of historic highs after basing above retracement at 0.8050/60, and if 0.8120 keeps forming a good front support line, it would confirm the new cycle of historic highs
Anyway, The Kiwi had been very powerful and even dominating the other yielding currency the Aussie from around 2 weeks till now...

Target hit,almost.

http://lcchong.files.wordpress.com/2011/05/image46.png

http://lcchong.files.wordpress.com/2011/05/image47.png

Nzd/Usd This pair still on uptrend, retracement is at 0.8100/10 break is to 0.8000 but take note that 0.8140/50 might be forming a front support for this pair, high is at 0.8250

Nzd/Usd This pair is still on the new cycle on historic highs, the front support that I talked about yesterday at 0.8140/50 had hold and high 0.8250 was targetted and little above 0.8262, today current high must be enough but a target of 0.8270 might be tested too, well above would lead to a very overbought condition, retracement is at 0.8150 but might hold above 82.00 as a front support line