NZD/USD | Page 125 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

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

Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies

trading gbp/nzd with nzd/usd overlay 6 replies

NZD/JPY AUD/NZD basket 3 replies

Attachments: NZD/USD
Exit Attachments

NZD/USD

  • #2,481
  • Oct 25, 2013 1:36am Oct 25, 2013 1:36am
Buying at .828 sl .826 tp .85
  • #2,482
  • Oct 26, 2013 12:05am Oct 26, 2013 12:05am
I'm still short this pair. There is a nice bearish engulfing pattern on the weekly. Next target is 0.8170. In case the FED goes for the taper, and the RBNZ adopts a dovish tone, it will be easy to test the rising trend line on the weekly @ 0.77
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
  • #2,483
  • Oct 26, 2013 2:38am Oct 26, 2013 2:38am
interested to buy ?
  • #2,484
  • Oct 26, 2013 7:45am Oct 26, 2013 7:45am
Only if the macros next week do not support the decline and the pair shows some signs of a rebound to the upside between 0.81 and 0.82
  • #2,485
  • Oct 27, 2013 5:07am Oct 27, 2013 5:07am
Quoting pinoismo
I'm still short this pair. There is a nice bearish engulfing pattern on the weekly. Next target is 0.8170. In case the FED goes for the taper, and the RBNZ adopts a dovish tone, it will be easy to test the rising trend line on the weekly @ 0.77 {image}
Hello Pinoismo,

Even if I agree on a further drop for the kiwi I can not be agree with the bearish engulfing pattern that you called it here. By definition the red candle has to open higher than the closure of the green candle and to close lower then LL of the green candle. In this case the 2 candles respects only 1 of the 2 conditions so I would not call it a bearish engulfing pattern.
Buy when everyone else is selling and sell when everyone else is buying !
  • #2,486
  • Oct 27, 2013 5:46am Oct 27, 2013 5:46am
Quoting arenoosh
{quote} Hello Pinoismo, Even if I agree on a further drop for the kiwi I can not be agree with the bearish engulfing pattern that you called it here. By definition the red candle has to open higher than the closure of the green candle and to close lower then LL of the green candle. In this case the 2 candles respects only 1 of the 2 conditions so I would not call it a bearish engulfing pattern.
It is engulfing.. you mean it is only valid if the price gap upwards from the opening last week?

If u treat each pattern like it has a story to tell then perhaps you will understand what forms a particular pattern, instead of memorizing the exact details of it

For this case, price did gap down from week open instead of opening at the previous week close. Bulls then proceed to make a higher high from previous week high. And mid week the whole sentiment changes, Bears are in so much control it drives the price from the higher high ALL THE WAY (mind you the previous week green candle was pretty long) to make a lower low from previous week and HELD IT. Bears are in so much power we called it a Bearish pattern
  • #2,487
  • Oct 27, 2013 8:19am Oct 27, 2013 8:19am
Quoting arenoosh
{quote} Hello Pinoismo, Even if I agree on a further drop for the kiwi I can not be agree with the bearish engulfing pattern that you called it here. By definition the red candle has to open higher than the closure of the green candle and to close lower then LL of the green candle. In this case the 2 candles respects only 1 of the 2 conditions so I would not call it a bearish engulfing pattern.

My favorite patterns are two: Engulfings and Pin Bars. They are obvious when they happen and only significant to me at weekly and daily S/R. Through my experience, I cannot let this opportunity go just because price did not gap up on the opening of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 54 KB
  • #2,488
  • Oct 27, 2013 6:18pm Oct 27, 2013 6:18pm
Quoting trexy123
interested to buy ?
Sure, i see 8320 would have a tuggle war.
Outcome is not important at all, but correct technique is what only matters
  • #2,489
  • Oct 28, 2013 5:12am Oct 28, 2013 5:12am
Quoting szpowerx
{quote} Sure, i see 8320 would have a tuggle war.

10 hours ago, it was 828x, now 8320

I would assume it go higher, next target 8350
Outcome is not important at all, but correct technique is what only matters
  • #2,490
  • Oct 28, 2013 5:22am Oct 28, 2013 5:22am
Attached Image (click to enlarge)
Click to Enlarge Name: NZD_USD_1_godzina.png Size: 81 KB
  • #2,491
  • Oct 28, 2013 8:38am Oct 28, 2013 8:38am
What are the fundamental talking points for the strengthening in NZD over the past two months (or even years)? I understand USD weakness, but there must be a factor propelling NZD above .80?
  • #2,492
  • Oct 28, 2013 8:45am Oct 28, 2013 8:45am
Attached Image (click to enlarge)
Click to Enlarge Name: NZD_USD_1_godzina.png Size: 80 KB
  • #2,493
  • Oct 28, 2013 5:20pm Oct 28, 2013 5:20pm
Quoting szpowerx
{quote} 10 hours ago, it was 828x, now 8320 I would assume it go higher, next target 8350

Tuggle ware means symmetric as 8320, so (8320-8270)+8320 = 8370 would be seen.
Outcome is not important at all, but correct technique is what only matters
  • #2,494
  • Oct 28, 2013 6:54pm Oct 28, 2013 6:54pm
hello.
I'm buying NZD/USD on good fundamentals, they are really strong and I expect a upside move to the highs again, the scare on Chinese interbank lending is over, that greatly induced the downside move.
  • #2,495
  • Oct 28, 2013 8:17pm Oct 28, 2013 8:17pm
Quoting TheChef
What are the fundamental talking points for the strengthening in NZD over the past two months (or even years)? I understand USD weakness, but there must be a factor propelling NZD above .80?
Overnight rate for one.

Now the same as Aussie.

It PAYS to LONG and HOLD.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,496
  • Oct 28, 2013 8:39pm Oct 28, 2013 8:39pm
Quoting XTrade
{quote} Overnight rate for one. Now the same as Aussie. It PAYS to LONG and HOLD.
Hello, i am a technical trader, how to review the fundamentals, will you please mind shed some light? Thanks!
Outcome is not important at all, but correct technique is what only matters
  • #2,497
  • Oct 28, 2013 9:06pm Oct 28, 2013 9:06pm
Quoting szpowerx
{quote} Hello, i am a technical trader, how to review the fundamentals, will you please mind shed some light? Thanks!
New zealand is a country almost driven only by Exports, production, and heavy trade partners.
I think you should look at how New zealand economy is structured before trading NZD pair

Go here for a starting point: https://en.wikipedia.org/wiki/Economy_of_New_Zealand
  • #2,498
  • Oct 28, 2013 9:06pm Oct 28, 2013 9:06pm
Quoting XTrade
{quote} Overnight rate for one. Now the same as Aussie. It PAYS to LONG and HOLD.
So a supply and demand thing? investors moving liquid assets into NZD to benefit from the swap rate causing more demand therefore higher value for their currency?

I'm trading 0.01 lots, and I get about $0.05 USD overnight. If I was holding a full lot overnight would my swap profit be $5.00USD?
  • #2,499
  • Oct 28, 2013 9:55pm Oct 28, 2013 9:55pm
Quoting TheChef
{quote} So a supply and demand thing? investors moving liquid assets into NZD to benefit from the swap rate causing more demand therefore higher value for their currency? I'm trading 0.01 lots, and I get about $0.05 USD overnight. If I was holding a full lot overnight would my swap profit be $5.00USD?

Assie and kiwi has a very high interest rate relative to other currency. Which is why u receive Interest when u r holding on to their money. Which is also why interest rate is one the most, if not most, important factor that drives the price ard.

Look at what happened when RBA cuts their rate by .5% in the past

Yes. ~5USD swap per overnight per full lot. But if you only have 1K in your account, then a 100 pip down will wipe out your account overnight too
  • #2,500
  • Oct 28, 2013 9:57pm Oct 28, 2013 9:57pm
SH1T - I had a WHOLE POST WRITTEN in response to all these recent questions and just lost it........
I will have to write back tomorrow.

I can't believe this shit I used to be able to hit back by accident then go forward on the browser and all my text would be there.

Have to be up early.

Will definitely re-write tomorrow and answer any questions I can.

In POST 11 THERE are some fundamentals. Exports and commods are big, tourism, always want to watch weather and now that the swap has stayed
high and Aussie has lowered it is tied as far as now for the top two slots.

DAMN,,,, I just wrote all this.

Likewise,
If the pair is in range and you have a decent stack on long then there comes a time when the Swap outweighs the position many fold.
It has to be played right though. As well, if the position goes against you too far it NEEDS to be FLATTENED.

I can't believe I just lost that whole post.
Till' morrow' buddies.
XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
0 traders viewing now