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NZD/USD

  • #5,061
  • May 6, 2014 2:19am May 6, 2014 2:19am
Quoting iTrader
Okay lets put the facts on the table! Market is currently expecting a great employment report from NZ. Unemployment Rate is expected to fall below 6% for the first time in 5 years. Thats what currently is pushing NZD higher BUT at the same time we have a big risk if the unemployment report disappoints this expectations market will rush down in a hurry again. Further on i just read this article http://news.yahoo.com/china-tightens...040419588.html Seems that china wants to tighten imports on milk so people will...
USD will probably get stronger today. however 29 April higher low doesn't leave much hope to bears. NZDUSD is now heading to 8750 and beyond
  • #5,062
  • May 6, 2014 2:27am May 6, 2014 2:27am
Quoting Greener
{quote} USD will probably get stronger today. however 29 April higher low doesn't leave much hope to bears. NZDUSD is now heading to 8750 and beyond
I wouldnt sell NZDUSD before the 8820/30 level in this zone a sell looks reasonable... but the USD is currently on the backfoot against all majors... i prefer buying GBP because we are heading into a rate hiking cycle which isnt fully priced in yet. imo. so its about picking the correct pairs to exploit their strength / weakness.
consistency wins
  • #5,063
  • May 6, 2014 2:49am May 6, 2014 2:49am
Quoting iTrader
{quote} I wouldnt sell NZDUSD before the 8820/30 level in this zone a sell looks reasonable... but the USD is currently on the backfoot against all majors... i prefer buying GBP because we are heading into a rate hiking cycle which isnt fully priced in yet. imo. so its about picking the correct pairs to exploit their strength / weakness.
not too sure about GBP. UK growth is fuelled by higher debt. Higher interest rates would be detrimental. It will be all evident soon.
  • #5,064
  • May 6, 2014 4:35am May 6, 2014 4:35am
nzdusd up 6 days in a row, most consecutive rises since september 2013!
  • #5,065
  • May 6, 2014 4:39am May 6, 2014 4:39am
Barclays: A Bullish Reversal Week completed on Friday, combined with our medium-term view of a return to 0.8845 (2011 peak), keeps us bullish. The next level to overcome is the 2014 peak near 0.8747. For AUDNZD, targets remain lower to the 1.0580/90 area. Read more Market Talk
  • #5,066
  • May 6, 2014 5:44am May 6, 2014 5:44am
Quoting Spik
{quote} We got to upper 0,86XXs territory as expected. Moments ago second half of longs TP @0,8675 (+135 pips) was taken. Now, short order @0,8681 (7 lots) was activated. TPs @0,8481 (1/3), 0,8456 (1/3), 0,8431 (1/3); SL @0,8731.
I didn't like overnight price action, so i closed the trade in the morning @0,8697 (-16 pips; first red NZDUSD trade in 7 weeks). Opened new short though moments ago @0,8731, 7 lots; RR 1:4 - TPs @0,8531 (1/3), 0,8516 (1/3), 0,8501 (1/3); SL @0,8781. Let's see what happens here.

Unemployment data in less than 24 hours.
  • #5,067
  • May 6, 2014 5:44am May 6, 2014 5:44am
Hi all,
I suggest selling NZDUSD at 0.8740
This trade should be good to run for a few days.
I strongly feel that this pair is over stretched to the upside.
Happy trading!
  • #5,068
  • May 6, 2014 5:57am May 6, 2014 5:57am
I'm in!!
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm5.png Size: 24 KB
  • #5,069
  • May 6, 2014 5:58am May 6, 2014 5:58am
Quoting pipcenturion
Hi all, I suggest selling NZDUSD at 0.8740 This trade should be good to run for a few days. I strongly feel that this pair is over stretched to the upside. Happy trading!
Well, depends. 0,874X level is the top from early April 2014. If it is breached and becomes new support, then shorts should be cut (one should always cut losses ) and longs opened. We'll know much more very soon.
  • #5,070
  • May 6, 2014 6:14am May 6, 2014 6:14am
In 2011, the highest ever figure passes 0.88400
  • #5,071
  • May 6, 2014 6:18am May 6, 2014 6:18am
Any Explain For This ? Fundamental Maybe ?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
Making Ordinary To Be Extraordinary .
  • #5,072
  • May 6, 2014 6:20am May 6, 2014 6:20am
Wow, tomorrow could be game-changing for this pair. My bias is to the upside actually as I'm expecting positive numbers. A good unemployment reading and a break of 0.88 is likely to actually send NZDUSD into unknown heights. Just look at what happened last time the previous all-time high (0.82) was broken in 2011. We had a 600pip swing up in the space of 1 month. If this tells us anything, its what to expect when if it happens again. USD weakness is also in play right now with all xxx/USD majors up of late. Wouldn't surprise me at all to see 0.90xxx.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.png Size: 29 KB
  • #5,073
  • May 6, 2014 6:21am May 6, 2014 6:21am
Quoting Alonedevils
Any Explain For This ? Fundamental Maybe ? {image}
Most likely insider buying before the unemployment news tomorrow. Banks and the like get access to the data before us lousy retailers and therefore act on it accordingly.
  • #5,074
  • May 6, 2014 6:22am May 6, 2014 6:22am
I sold a bit more on another account.
This market instrument is overstretched to the upside.
It has to fall.
  • #5,075
  • May 6, 2014 6:22am May 6, 2014 6:22am
It is a killer!!!!
It kills all bears before it kills all bulls!
  • #5,076
  • May 6, 2014 6:23am May 6, 2014 6:23am
Quoting pipcenturion
I sold a bit more on another account. This market instrument is overstretched to the upside. It has to fall.
and THAT is exactly why it doesn't fall.
  • #5,077
  • May 6, 2014 6:25am May 6, 2014 6:25am
Quoting pipcenturion
I sold a bit more on another account. This market instrument is overstretched to the upside. It has to fall.
Fundamentals my friend, fundamentals..
NZD is expecting further rate hikes over the year meaning an expected higher NZD offering nice yields. On the other side of things USD is becoming more weak. Just because it looks overstretched by all technical accord it doesn't mean anything. Price doesn't care for technical, that's not what decides price.
Also. 71% of FF traders are short this pair, all the more killing of stops for the banks..great isn't it?
  • #5,078
  • May 6, 2014 6:28am May 6, 2014 6:28am
Quoting SaiLyfee
{quote} Most likely insider buying before the unemployment news tomorrow. Banks and the like get access to the data before us lousy retailers and therefore act on it accordingly.
Thanks Bro .. Maybe This Time For Me Cut Loss My Short Positions ..
Yesterday Getting Small Loss In This Pair Too .. Hmm ,,,
Making Ordinary To Be Extraordinary .
  • #5,079
  • May 6, 2014 6:31am May 6, 2014 6:31am
Quoting Sunnybeach
It is a killer!!!! It kills all bears before it kills all bulls!
Thats Trend Make Me Surprise ..
Making Ordinary To Be Extraordinary .
  • #5,080
  • May 6, 2014 6:33am May 6, 2014 6:33am
Relax guys. This pair is gonna fall.
I've got volume backing me up.
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