NZD/USD

Idem.

I will buy it 79.90

Well done if you bought. I'm still short but considering my stand with the exit of the hourly channel

NZDUSD poised for rally

https://www.paxforex.com/getattachme...670&height=313

The NZDUSD has corrected over the past few sessions and breached the 0.8000 level to the downside. It attempted a minor rally from which it has receded and formed a double bottom formation. This pair is ready for a rally and has no major resistance for the next 130 pips. A further positive sign is that resistance is ascending which could lead to a strong rally.
MACD is bearish, but has showed improvement over the past few sessions which offers another sign of an upcoming change in trend. RSI has been oversold and recently crossed over from extreme oversold to oversold.
I recommend taking an initial long position at 0.7975 and look for a second entry at 0.7880. Place my take profit level above 0.8130.

Hi balanced,
I understand going long at this level if you are not already short. But I keep my shorts and will keep it untill it breaks 8040. I'll reload the short matrix at 8040. Below an update of my hourly channel.

The daily upward channel (white) is broken down and the break is confirmed (see the High of the day) with the test of the lower line of the channeL. Next support will be the high of the downward channel (yellow). Still confident that will reach my target 7750/7725.

Hello traders.
My entry after break of trendline and retesting yellow area:


First target 0.7830/40

The yellow line (support) is still "fresh", it is being tested for the first time today. Why are you confident that it will break?

Sorry mate, may I elaborate later this evening, if there is no emergency for you. thanks.

Sure, thanks!

.7908
.7815

These are possible levels price can fall down to. Aussie has some room to fall, as well. If .7815 broke, I can see .768 to .75 happening. Though, I don't think .7815 will be broken so easily. Price is too close to the middle for me..

4H

Hello, I'm going to tell you a confidence, but you have to promise to not divulgate it !
It happens sometimes that God shares with me His secrets. Yes.
But, it never happened and will never happen that the banksters share their secrets with me. So when I say that I'm confident that it will break, it means that I trust my lines but I have no pre knowledge of where the price is going. I've no clue of if there will be or not QE3, what woule be the DraghiMerkelandEurocrats blablabla for the hours and the days to come ?

If your hypothesis is true, and I consider it to be partially true also, id est, you consider that yellow line will give support. I considere that the price will bounce (may be strongly) at the contact with this line. But it's not enough to make it a support. More than that if the price is supported by the yellow line you must also admit that the white one will stop the price progression. In result, we will have a up and down move between those two lines, but not a trend. That's for the dayli chart. (see the chart in precedent post)
With the weekly chart, NZ is in a down channel see my chart below. If it really wants to change the direction a good place for that would be near my magenta or my green lines.
In monthly you have a same story. See chart below.

That said. If I suppose I've no position in NZ and I want to enter I trade, I will most certainly take a long at this level not a short. It all depends, on if you are or not allready in position, you time frame etc. I'll not be afraid if price goes up for few days, I'll just milk it in intraday for not losing money in keeping my old position.
And to conclude, the price is again out of my hourly channel and is going up to 7995/8000. I'll evaluate my short position at this level. (see chart)

GL.

SHORT NZD/USD .8110

TP1 -.7973

SL - 81.40

It will further go down once it hit tp1. i will update more

Ive gone long at .8102. Aiming for 50 pips with 25 pip SL

May the best man win! (have to admit my trades fail whenever i post them on FF!)

sorry .7973 was a typo. i meant .8073.

Anyways My Sl is around .8155 and my target is .8025.

Hi

Anybody trading this pair,had short hanging around
0.8120
looks like it wants to go higher

Wait an see I guess

Sold 8185 no stop loss tp manual

the .8124 was a HUGE resistance level... PA would indicate to keep buying dips back toward it to see if we press back to the .8254 and beyond

a break and close under the .8124 sends us back into the channel...

Ive been trading this pair for awhile now playing shorts off the .8124... It finally got me after quite a few profitable shorts

Hello

Yes holding small short
I live NZ.it has not been this high for a very long time
I know NZ will not be to happy about these levels
The move makes no sense,should be way lower.
Sort of think soon you as I go long it will zoom back down.
More than likely will short higher up,


Getting used to waiting for my trades to fall into profit

Im still long. I believe this baby will go higher