NZD/CAD: Explanation please | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

"Level on Level": explanation please 0 replies

ATR explanation help please 3 replies

Please, detailed explanation needed 3 replies

Explanation-A 1.2400 exotic One Touch option expiry today 2 replies

Attachments: NZD/CAD: Explanation please
Exit Attachments

NZD/CAD: Explanation please

  • #1
  • First Post: Jun 16, 2012 5:07pm Jun 16, 2012 5:07pm
Can anyone provide some explanation of what happened to the end of Friday NZD/CAD trading? There was a very nice uptrend and I had a very nice long position, then out of the sudden about two hours before the market closing the price suddenly dropped.

Any analysis or reasoning why it happened?

Many thanks in advance,
K
  • #2
  • Jun 17, 2012 3:51am Jun 17, 2012 3:51am
I'd say its from longs closing their trades. Volatility at the very end of the week is usually from profit taking when market liquidity is low.
  • #3
  • Jun 17, 2012 7:33am Jun 17, 2012 7:33am
OK. Many thanks for the explanation.
Cheers!
K
  • #4
  • Last Post: Sep 12, 2016 6:36am Sep 12, 2016 6:36am
Quoting paka
Can anyone provide some explanation of what happened to the end of Friday NZD/CAD trading? There was a very nice uptrend and I had a very nice long position, then out of the sudden about two hours before the market closing the price suddenly dropped. Any analysis or reasoning why it happened? Many thanks in advance, K

In case you are still here , my explanations regardin the situation you describe :

Attached Image (click to enlarge)
Click to Enlarge Name: nz.png Size: 43 KB
Money moves the market, not an indicator.
0 traders viewing now