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NZD/USD

  • #5,401
  • May 27, 2014 7:56am May 27, 2014 7:56am
For the short term, NZDUSD can test 0.8420 and 0.8380 following the sustained breakdown below 0.8500. On the upside, 0.8600 and 0.8680 can cap the near term up move of the Kiwi pair.
  • #5,402
  • May 27, 2014 8:00am May 27, 2014 8:00am
Bought kiwi@8543. Its a hedge to my cable short
One more reason 8513 holding
  • #5,403
  • May 27, 2014 8:04am May 27, 2014 8:04am
NZDUSD nearing a strong support at 0.8520-0.8500. If fails to hold, seems vulnerable to test 0.8380...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddaily 27052014.png Size: 10 KB
  • #5,404
  • May 27, 2014 8:08am May 27, 2014 8:08am
Quoting giveachance
Bought kiwi@8543. Its a hedge to my cable short One more reason 8513 holding
NZDUSD M15

I have also scalp bought, currently daily pivot area.
Attached Image
PROredart is not PRO trader
  • #5,405
  • May 27, 2014 8:22am May 27, 2014 8:22am
Quoting Fx_Anil
For the short term, NZDUSD can test 0.8420 and 0.8380 following the sustained breakdown below 0.8500. On the upside, 0.8600 and 0.8680 can cap the near term up move of the Kiwi pair.
True anil..as per elliot wave we are in 3rd wave on down trend it has to touch 0.8510 then may recover some and again break 0.8500....
  • #5,406
  • May 27, 2014 8:24am May 27, 2014 8:24am
Quoting praviiii
{quote} True anil..as per elliot wave we are in 3rd wave on down trend it has to touch 0.8510 then may recover some and again break 0.8500....
Thanks Praviii
  • #5,407
  • May 27, 2014 1:00pm May 27, 2014 1:00pm
The Kiwis went up to near 0.8580 after hitting 0.8525 low on Monday morning. Currently, we are expecting the Kiwi to test 0.8500 level after failing to breakout from 0.8600. My guess would be the reduced in risk appetite – lower demand on safe haven currency – drove both Kiwi and Gold price down. (FYI – Gold hit 1264, lowest since early Feb-2014)
Monday we see narrowed trade balance for New Zealand, which is not really surprising given the lower demand in China and export inflation due to high NZD. There’s report on housing price declining in NZ. The RBNZ decision of rate hike or maintain would be a decision mover on NZD.
I would still remain my bullish view on NZD in short term wise, taking 0.8500 as a good supporting level.

Here's an update of my reasoning: http://alternateforexiew.wordpress.c...ad-whats-next/
Knowledge is powerful tool that we can ever have.
  • #5,408
  • May 27, 2014 1:41pm May 27, 2014 1:41pm
Kiwi is going up, in the short term. Smart Money has positioned long through out the drop on Monday. No Supply signals on 15 min, 30 Min, 1 Hr charts. news release tonight as well. Bullish Divergence, on 4 hr chart. Just my two cents, im more technical than fundamental.
  • #5,409
  • May 27, 2014 3:42pm May 27, 2014 3:42pm
Kiwi is slightly higher on this…Fonterra cut 2013-14 milk payout forecast to NZD $8.40/KG – Forecasts 2014-15 milk payout of NZD $7.00/KG^CT
  • #5,410
  • May 27, 2014 3:44pm May 27, 2014 3:44pm
it sounds like bearish news for nzd, no?
Quoting HCGroup
Kiwi is slightly higher on this…Fonterra cut 2013-14 milk payout forecast to NZD $8.40/KG – Forecasts 2014-15 milk payout of NZD $7.00/KG^CT
  • #5,411
  • May 27, 2014 4:04pm May 27, 2014 4:04pm
http://www.nzherald.co.nz/business/n...ectid=11262701
  • #5,412
  • May 27, 2014 8:29pm May 27, 2014 8:29pm
hello ..last couple of days i am observing nuzusd and i holding some shorts based on elliot wave..with my small wave exp i draw the chart..if you have query please let me know...

if my analysis is correct...
now we are in 3rd of C and 3rd wave already travel 161.8% if its hold some smally recovery will come as 4th wave then again break 3rd wave low..there is chance of break last day low and reach 0.8510...
Attached Image (click to enlarge)
Click to Enlarge Name: newchartof NUZUSD.jpg Size: 281 KB
  • #5,413
  • May 28, 2014 1:48am May 28, 2014 1:48am
Quoting Spik
{quote} Have 2 trades open: 6 lot short @0,8731 and 6 lot short @0,8691; TP 0,8531 (+200 pips / +160 pips) taken today, remaining thirds 0,8516 and 0,8501 to hit their respective green goals later on. After that time for positioning longs. 0,9000 barrier is humbly waiting.
Second TP @0,8516 also taken (+215 pips / +175 pips). Only 2+2 lots to go TP @0,8501. After that time for long positioning.

EDIT: And third TP @0,8501 also taken (+230 pips / +190 pips). Trade of the month it was indeed. Now it'll wait for perfect long entry.
  • #5,414
  • May 28, 2014 1:59am May 28, 2014 1:59am
Jesus this thing just got rocked, must have been boat loads of stops sub 8520
Twitter: @TrendersGame
  • #5,415
  • May 28, 2014 2:03am May 28, 2014 2:03am
0.85000 good for long
Heed the lessons of failure.
  • #5,416
  • May 28, 2014 2:07am May 28, 2014 2:07am
take profits at 0.85000, still hold some short
  • #5,417
  • May 28, 2014 2:16am May 28, 2014 2:16am
Quoting zew
take profits at 0.85000, still hold some short

Me too... will see if it breaks .8480 tonight to relook at closing all shorts and re-enter if it goes back up.


Wasn't expecting it to break through .8513 so easily though.
  • #5,418
  • May 28, 2014 2:18am May 28, 2014 2:18am
Quoting zen252
{quote} Me too... will see if it breaks .8480 tonight to relook at closing all shorts and re-enter if it goes back up. Wasn't expecting it to break through .8513 so easily though.
8500 is not going to hold.
  • #5,419
  • May 28, 2014 2:40am May 28, 2014 2:40am
Quoting Donika
0.85000 good for long
Im long at 8505 tp 8538.and I have sell limit at 8555.
  • #5,420
  • May 28, 2014 3:41am May 28, 2014 3:41am
Quoting Donika
0.85000 good for long
SL Blown 0.84910
Heed the lessons of failure.
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