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NZD/USD

  • #1,081
  • Dec 18, 2012 1:32pm Dec 18, 2012 1:32pm
Quoting falcon232
Short now! Textbook head & shoulders on the 4 hour. Set profit just above the 200 hour EMA.
No idea, where you see H&S pattern on 4 Hour.. I do see further upside on this pair.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #1,082
  • Dec 19, 2012 3:35am Dec 19, 2012 3:35am
I too believe that another upswing should follow from the 8354 level (or somewhere in the vicinity). We'll just see...
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  • #1,083
  • Dec 20, 2012 12:28pm Dec 20, 2012 12:28pm
Hi there,

The last three years the NZ dollar has appreciated against the US dollar at this time of the year, more specifically the end of December through to the end of January give or take a few weeks, we may have another 300/400 pip move north coming...

Dane
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  • #1,084
  • Dec 20, 2012 3:56pm Dec 20, 2012 3:56pm
There is a nice trendline on the H4, which just touched the 3rd time around the 8318 low. Good trendline to use for a long position with good risk definition.
  • #1,085
  • Dec 21, 2012 10:42am Dec 21, 2012 10:42am
Just exited the short. Textbook 180 pips. I agree with the longs, but we're going to see it hit the 200 EMA on the daily first, around .8140, then I'm buying.
  • #1,086
  • Dec 21, 2012 10:25pm Dec 21, 2012 10:25pm
Classic PASR on the Weekly chart for NZD/USD

Major Weekly resistance up at .845 held strong. Weekly BEEB (bearish engulfing bar) has formed giving me a clear Bearish signal for NZD/USD for the short to mid term.

Major Weekly support down at .745 so I'm going to set TP target at around .78. Will scale in more short positions as I see fit.
Attached Image (click to enlarge)
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  • #1,087
  • Dec 22, 2012 7:05am Dec 22, 2012 7:05am
Quoting falcon232
Just exited the short. Textbook 180 pips. I agree with the longs, but we're going to see it hit the 200 EMA on the daily first, around .8140, then I'm buying.
True, the momentum is bullish.
However buying in Dips Heavily is the strategy..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #1,088
  • Dec 22, 2012 7:39am Dec 22, 2012 7:39am
Strong momentum last week to the downside. A lot of support broken. Hoping for a pullback to the 83 area for an opportunity to short.
  • #1,089
  • Dec 23, 2012 6:19pm Dec 23, 2012 6:19pm
Quoting mkshoaib
Sold NZDUSD 8356 TP Manual
Take Profit 8220, 136 Green Pips
  • #1,090
  • Dec 24, 2012 12:01am Dec 24, 2012 12:01am
Hi Everybody!
Now is the best time to buy NZD/USD. Total buy at 0.82279, TP 100 pips
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  • #1,091
  • Dec 24, 2012 5:30pm Dec 24, 2012 5:30pm
Agree with you 100%, took 230 pip's till now and got another 150k further short. Some data on wednesday for US & looks possitive so till fiscal deal done this should push NZD further south. I'm holding for 7900's then see how it developes. Thnx
Quoting 100PipsADay
Classic PASR on the Weekly chart for NZD/USD

Major Weekly resistance up at .845 held strong. Weekly BEEB (bearish engulfing bar) has formed giving me a clear Bearish signal for NZD/USD for the short to mid term.

Major Weekly support down at .745 so I'm going to set TP target at around .78. Will scale in more short positions as I see fit.
  • #1,092
  • Dec 24, 2012 7:33pm Dec 24, 2012 7:33pm
Quoting vette69
Agree with you 100%, took 230 pip's till now and got another 150k further short. Some data on wednesday for US & looks possitive so till fiscal deal done this should push NZD further south. I'm holding for 7900's then see how it developes. Thnx
Great work Vette!
  • #1,093
  • Dec 26, 2012 4:07pm Dec 26, 2012 4:07pm
Long at 0.8194 levels.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #1,094
  • Dec 26, 2012 4:07pm Dec 26, 2012 4:07pm
I am just buying in Dips.. I know this Pair will shoot up high very soon.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #1,095
  • Dec 26, 2012 4:18pm Dec 26, 2012 4:18pm
Monthly candle is forming Shooting Star which is extremely Bearish for NZD. Also, last week's Weekly candle was a Bearish Engulfing candle which I also pointed out. Weekly Resistance held strong at .845ish.

*12/16 Weekly Candle Bearish Engulfing Candle = Bearish

*December monthly candle forming Shooting Star = Bearish (or at least a Doji, will have to wait and see)

*Major Weekly resistance (.845ish) held strong and rejected price

The above 2 candle formations are showing very strong bearish especially with them being at major resistance areas as well as being on larger time frames (weekly and monthly) which is telling me that Sellers are now in control.

Trade safe everybody...
  • #1,096
  • Dec 26, 2012 4:25pm Dec 26, 2012 4:25pm
Quoting 100PipsADay
Monthly candle is forming Shooting Star which is extremely Bearish for NZD. Also, last week's Weekly candle was a Bearish Engulfing candle which I also pointed out. Weekly Resistance held strong at .845ish.

*12/16 Weekly Candle Bearish Engulfing Candle = Bearish

*December monthly candle forming Shooting Star = Bearish (or at least a Doji, will have to wait and see)

*Major Weekly resistance (.845ish) held strong and rejected price

The above 2 candle formations are showing very strong bearish especially with them being at major resistance...
You do have a valid point.
I am looking to take a quick trade..
However, i am highly positive in buying in Dips.. as we are just correcting, for a long move next 1-2 months.
Looks like to take breather at 0.79xx zone
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #1,097
  • Dec 26, 2012 4:38pm Dec 26, 2012 4:38pm
Quoting aviz12
You do have a valid point.
I am looking to take a quick trade..
However, i am highly positive in buying in Dips.. as we are just correcting, for a long move next 1-2 months.
Looks like to take breather at 0.79xx zone
I will keep an eye on PA once we move a little lower down to see what the charts tell me at that time. I should specify that I am more of a Swing trader so my trades are normally held anywhere from a few days up to a few weeks (sometimes months) depending on current targets and price action.

Best of luck with your trades Aviz!

**I would like to add that I won't be surprised one bit to see .75 again in the coming weeks/months. First target is still .78 for NZD/USD
  • #1,098
  • Dec 26, 2012 6:22pm Dec 26, 2012 6:22pm
Quoting 100PipsADay
Monthly candle is forming Shooting Star which is extremely Bearish for NZD. Also, last week's Weekly candle was a Bearish Engulfing candle which I also pointed out. Weekly Resistance held strong at .845ish.

*12/16 Weekly Candle Bearish Engulfing Candle = Bearish

*December monthly candle forming Shooting Star = Bearish (or at least a Doji, will have to wait and see)

*Major Weekly resistance (.845ish) held strong and rejected price

The above 2 candle formations are showing very strong bearish especially with them being at major resistance areas...
Just wanting to add my voice to the pile here, and say that a monthly pinbar at these levels is a damn good sign of price no longer heading up. This pair frequently returns to the 60 EMA area on the monthly chart after every top is reached, and it seems to function as a dynamic support line.
The 60 EMA currently is just a little north of .7500.

All in all, I think this looks like a great short. Unless the fiscal cliff resolution is to use atom bombs as currency or something equally unstable, then I maintain a strongly bearish outlook on this pair atleast until February, and probably further.
  • #1,099
  • Dec 26, 2012 6:46pm Dec 26, 2012 6:46pm
Bullish candle on uptrend line.
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  • #1,100
  • Dec 26, 2012 7:20pm Dec 26, 2012 7:20pm
Quoting feelmypecs
Just wanting to add my voice to the pile here, and say that a monthly pinbar at these levels is a damn good sign of price no longer heading up. This pair frequently returns to the 60 EMA area on the monthly chart after every top is reached, and it seems to function as a dynamic support line.
The 60 EMA currently is just a little north of .7500.

All in all, I think this looks like a great short. Unless the fiscal cliff resolution is to use atom bombs as currency or something equally unstable, then I maintain a strongly bearish outlook on this...
I'm right there with you in regards to Target and a probable time frame. Regardless of the outcome of the "fiscal cliff" debacle, money will flow to USD as safe haven flows while risk assets such as NZD, AUD, and CAD weaken against the green back. Other majors are pointing down to me as well when looking at Weekly resistance and trend lines so I remain bearish on NZD for the time being.

I will take profit at .78 and will keep a close eye on price action down at .75 - .76. It should provide traders with a great buying opportunity at that time
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