Attachments: NZD/USD

NZD/USD

#6,361
Jul 7, 2014 4:39am Jul 7, 2014 4:39am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,135 Posts

Quoting Fx_Anil

Disliked

Having followed the descending trend line since the start of the month, now is the chance for the Kiwi to break through 0.8765 and 0.8800 again, should the 20-EMA crosses over 40-EMA on M30 chart. However, downside supports of 0.8735 and 0.8720 becomes critical before the pair plunges to 0.8710 and 0.8680 again. {image}

Ignored

there are 2 private speeches by RBNZ officials tomorrow. speeches would be out later but they are scheduled for 12:00 pm NZ time. watch the movement of NZD around this time. you can also check forexlive.com for more details

#6,362
Jul 7, 2014 5:07am Jul 7, 2014 5:07am

ben82
| Joined Feb 2013 | Status: Fx Stooge | 408 Posts

Quoting giveachance

Disliked

{quote} there are 2 private speeches by RBNZ officials tomorrow. speeches would be out later but they are scheduled for 12:00 pm NZ time. watch the movement of NZD around this time. you can also check forexlive.com for more details

Ignored

What should you expect from speech?

According to speech so far satisfied with the level of NZD

#6,363
Jul 7, 2014 5:08am Jul 7, 2014 5:08am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,731 Posts

Quoting giveachance

Disliked

{quote} there are 2 private speeches by RBNZ officials tomorrow. speeches would be out later but they are scheduled for 12:00 pm NZ time. watch the movement of NZD around this time. you can also check forexlive.com for more details

Ignored

Thanks for the update giveachance,
Also, NZIER Business Confidence can also become a help for the pairs connected to NZD.

#6,364
Jul 7, 2014 5:37am Jul 7, 2014 5:37am

Hickson
Joined Jan 2014 | Status: Less is more ... | 9,059 Posts

With NZD/USD up, this is starting to look really, really good. Bearish engulfing pattern on H4:

Attached Image (click to enlarge)

Click to Enlarge

Name: Image1.png
Size: 44 KB

Fix up, trade sharp ...

#6,365
Jul 7, 2014 6:46am Jul 7, 2014 6:46am

ben82
| Joined Feb 2013 | Status: Fx Stooge | 408 Posts

Quoting ben82

Disliked

great buy levels, target 89

Ignored

yessss, 3-4 hours at this rate 89

#6,366
Jul 7, 2014 7:01am Jul 7, 2014 7:01am

cobracoder
| Joined Sep 2013 | Status: Trader | 244 Posts

wtf we going up or down again this is shit

#6,367
Jul 7, 2014 7:40am Jul 7, 2014 7:40am

ben82
| Joined Feb 2013 | Status: Fx Stooge | 408 Posts

Buy NZDUSD will not lose position

#6,368
Jul 7, 2014 7:53am Jul 7, 2014 7:53am

zew
| Joined Oct 2013 | Status: Trader | 421 Posts

just short from here. I bet NZ will talk down nzd when RBA talked AUD down. NZ has very tight connection with AU.

#6,369
Jul 7, 2014 7:58am Jul 7, 2014 7:58am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,135 Posts

I think it will remain a bit heavy till business confidence data.

#6,370
Jul 7, 2014 7:59am Jul 7, 2014 7:59am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,135 Posts

Quoting ben82

Disliked

{quote} yessss, 3-4 hours at this rate 89

Ignored

it has moved 50 pips from the low. another 50 pips on a volumeless day will be tough. also remember imp data tomorrow. its trading heavy imho and at the risk of cracking down big time.

#6,371
Jul 7, 2014 8:34am Jul 7, 2014 8:34am

Fx3423454
| Membership Revoked | Joined Feb 2013 | 1,022 Posts

Quoting zew

Disliked

just short from here. I bet NZ will talk down nzd when RBA talked AUD down. NZ has very tight connection with AU.

Ignored

I see the smart money update is still shorting NZD.

Trade at your own risk.

#6,372
Jul 7, 2014 8:35am Jul 7, 2014 8:35am

Fx3423454
| Membership Revoked | Joined Feb 2013 | 1,022 Posts

Quoting Hickson

Disliked

With NZD/USD up, this is starting to look really, really good. Bearish engulfing pattern on H4: {image}

Ignored

Thanks for the smart money update.

Trade at your own risk.

#6,373
Jul 7, 2014 8:39am Jul 7, 2014 8:39am

nordkapp21
| Joined Jul 2010 | Status: Trader | 8 Posts

Quoting cobracoder

Disliked

wtf we going up or down again this is shit

Ignored

i'm with you on this one man.
this is my bumpiest ride so far but no signal to exit yet.
I've been short for more than a week now and i i think it's safe to say, that NZD/USD is holding my account hostage. lol

#6,374
Jul 7, 2014 8:57am Jul 7, 2014 8:57am

Hickson
Joined Jan 2014 | Status: Less is more ... | 9,059 Posts

Quoting Fx3423454

Disliked

{quote} Thanks for the smart money update.

Ignored

I am just dumb money taking some and run

Fix up, trade sharp ...

#6,375
Jul 7, 2014 9:08am Jul 7, 2014 9:08am

Boy Wonder
| Joined Feb 2012 | Status: Trader | 1,332 Posts

Interesting price action, in a way.
Flushed a few sell stops and sucked in a few shorts no doubt yesterday with the lower low at 8713, now running it to the upside presumably to take out a load of buy stops. Maybe they'll have a go at .88; it's not that far away now. Got to be a bucket load of buy stops hereabouts, and more above the market.
Good chance of a decent leg down coming, I mean, look at the range on the chart, but in forex, these things can take what feels like an age to play out, especially when you keep looking at the chart.

I have no clue what I'm talking about.

#6,376
Jul 7, 2014 9:33am Jul 7, 2014 9:33am

TradingArt
| Joined Jul 2014 | Status: Trader | 3 Posts

Quoting TradingArt

Disliked

NZD/CAD could pop on CAD data in a few hrs, here's my trade - BUY 0.9318, Targeting 0.9440, Stop 0.9281, good R/R >3:1 {image}

Ignored

Took early profits on the NZDCAD buy from 0.9318 a few hours ago - early TP but nice to have a solid profit on the books to start the week

@tradingisart