NZD/USD

Well to me no candlestick formation is going to stop the US dollar from crashing causing major pairs like EUR, GBP, AUD and NZD to skyrocket. Time will tell.
Be on the look out for USD weakness..

i know some basics about wave analysis and i am doing trade only based on waves...i prepared this chart with my waves exp please feel free to message if you want to give any advise..thanks

20 EMA on H4 NZDUSD caps the upside move by the pair. Hope to see 0.8530 and 0.8510 sooner.

NZD USD down acceleration expected within few weeks. Once we take out 8500 this should be a smooth ride.

Bizzare that NZDUSD holding up so well vs AUDUSD testing its recent lows.

Lets hope for a big push down people. The carry on the short is a killer though.

yeah true, but I got in via options, so no carry for me.

Yeah right, only that USDX has been rallying lately against counterparts. 79 bottomed out and now on it's way for 83-84.

Not sure which rally you are talking about.

I see some divergence in the works, before i put my foot in my mouth lets see how this turns out. By the way wishful thinking wont make these pairs move. Also take note of the of the daily chart which show all direction in a bullish trend.

expecting NZDUSD to sell off big time shortly.

agreed

Sorry to disappoint guys but I have a strong buy signal on NU

Same one that took us up to 8690 last time

Looks to me like around 8620 as a target but I may be wrong


lasting 3 to 4 days

JM

no disappoint, another chance to add shorts.

0.8510 must be reached before any real bounce.

i agree with you ..as per elliot wave we are in 3rdway in down side so it will reach 0.8510 tgt for sure

once 8500 is broken there's no coming back.

yes true..may be if analysis correct...it should go as per my chart

Sorry guys

Yes I agree with you it's going down eventually that's for sure

I'm sorry, but drawing some pretty lines of support and resistance zones on a chart like this one as you have does not help validate your view that DXY is going to strengthen. No amount of "technical analysis" based on wave formations, candle stick formations, 'patterns' and all the lines in the world drawn on your chart are going to in anyway tell you the future. I sadly get the impression that a lot of FF members here believe that by doing this, and what everybody else is doing, that they somehow will become successful too and live a life full of riches until their hearts contempt. The truth is, for anybody who wants to hear it, is that such traders like ruffryders will infatuate themselves with ideas of what it is they seek that result in delusion henceforth to the point they cannot see clearly anymore. There is no way somebody with any logic could say that the DXY has quote "bottomed out" based on some lines and a wick from a candle that just so happened to form on that day where price had found itself previously. It is fallible. If the financial markets operated based from what the 'charts' were telling you through a set guideline of rules such as support & resistance then 95% of traders out there would be rich, not the other way around. And yet you seem to lead astray the majority of traders here on this forum who follow you in their quest for what it is they seek too. It is this again, that will result in their delusional path of demise and failure. Do you not think for 1 second that the forex market, and all other markets for that matter are rigged and controlled by those who own enough money to position it to where they see the most money to be made off of others? Now, on another note. If you think about 95% of traders out there who follow such "set guidelines" on "how to trade successfully" then imagine if you did the exact opposite of them how much you could make. This is what the role of the market makers and manipulators is, and this is how they are able to become richer and richer and richer. While those who live in delusion continue to become poorer and poorer and poorer.
The collapse of the U.S dollar is imminent. New Zealand and many other countries are going to be a safe-haven compared to the U.S. Personally, I see New Zealand and Australia doing very well for themselves as their ties with China will likely remain strong enough for them to be able to get back on their feet from any resulting impact the downfall of U.S does have on them.
I will only ask that those here will remember my words when NZD/USD is at 0.90 + and USD is on it's journey well below 0.70. It is simply only a matter of time.

I think the below image should help reiterate how pointless ruffryders way of looking at the DXY is. Below is a chart of the NZD index. By your logic, I could essentially say the same thing and that NZD has bottomed out because it is at all time low support levels..

How do you answer that one?

USDINDEX OR NZDINDEX how do those indexes calculated? The methods can reflect global economy and trading situation? I don't know.

I'm not trading far future, I am trading now and very near future. How far the USD or NZD can go is a topic for economics and politicians not for traders.

I think NZ has a bright future, because they opened the door to China. However if NZD is too strong, China can buy dairy products from other countries. NZ need other industries as well, so they can't accept NZD at very high level in current situation. They don't want to destroy balance of economy, look at today's AUS. OZ let AUD go higher than 1.0 then most of big manufactures left or leaving this country. So I really don't care NZD can get 0.90 or 1.00 in far future, as far as I know the Daily chart and H4 chart saying this pair is heading to 0.85 support, RBNZ says this pair will be at 0.84 by next month. So I sell NZD from 0.74+ and add shorts at high above 0.85.

Collapse of USD. Wow, deep thinking. Provided we are looking into early rate hikes possibility in 2015.
NZD USD central bank made solid commentry that 8700-8800 is unsustaineable and they will intervene.