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Buying NZDJPY

  • #1
  • First Post: Feb 28, 2006 11:00am Feb 28, 2006 11:00am
My broker does not offer this pair but I can go long both USDJPY and NZDUSD which means long position in NZDJPY.

I will earn differential
Price went down very much I think
kiss the trend
  • #2
  • Apr 4, 2006 3:16pm Apr 4, 2006 3:16pm
I think it is an opportunity. Daily pin bar


Anybody supports my idea?
kiss the trend
  • #3
  • Apr 5, 2006 11:39am Apr 5, 2006 11:39am
I have bought ZNDUSD at 0.6088 and USDJPY at 117.40


I got 40 pips in NZD and 15 pips in USDJPY
kiss the trend
  • #4
  • Apr 22, 2006 8:32am Apr 22, 2006 8:32am
Quoting fx-trader777
I have bought ZNDUSD at 0.6088 and USDJPY at 117.40


I got 40 pips in NZD and 15 pips in USDJPY
Hello,

I have been following the NZD/USD pair for a little while now. .It has made a strong move up after getting annihilated. Overall, I was (and still) struggling to see the upside on this currency. I thought (and it did happen) that a bounce can be justified in light of the high nominal interest rates and the rally in the commodity prices. I continue to view the balance of factors to be overwhelmingly NZD negative. However, the trend it up and I think it may continue and taking long position here with trailing stops might not be a bad Idea. The 365 MA is all the way up at .6755 and we are at .6334 right now.
I am currently long and bullish in the short-term on this pair…



What is your thoughts?

Thanks


MIke
  • #5
  • Apr 22, 2006 8:51am Apr 22, 2006 8:51am
Quoting ForexMike
Hello,

I have been following the NZD/USD pair for a little while now. .It has made a strong move up after getting annihilated. Overall, I was (and still) struggling to see the upside on this currency. I thought (and it did happen) that a bounce can be justified in light of the high nominal interest rates and the rally in the commodity prices. I continue to view the balance of factors to be overwhelmingly NZD negative. However, the trend it up and I think it may continue and taking long position here with trailing stops might not be a bad Idea. The 365 MA is all the way up at .6755 and we are at .6334 right now.
I am currently long and bullish in the short-term on this pair…



What is your thoughts?

Thanks


MIke
Hi Mike,
Personally I was not long in NZDUSD, I was long in NZDJPY, I took profit already. I gained pips as interest rate differential too. I was long in NZDUSD and USDJPY so thus long in NZDJPY.
Yes commodities together with interest rate differential is what drives this currency.
I cannot suggest where it is heading currently. Mostly it is going up.
kiss the trend
  • #6
  • Last Post: Apr 22, 2006 9:05am Apr 22, 2006 9:05am
Quoting fx-trader777
Hi Mike,
Personally I was not long in NZDUSD, I was long in NZDJPY, I took profit already. I gained pips as interest rate differential too. I was long in NZDUSD and USDJPY so thus long in NZDJPY.
Yes commodities together with interest rate differential is what drives this currency.
I cannot suggest where it is heading currently. Mostly it is going up.
Thanks...

Yes, the current trend it up...will see what happens. Watching this closely...

Thanks for your feedback

Mike
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