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NZD/USD

  • #6,461
  • Jul 8, 2014 4:34am Jul 8, 2014 4:34am
Quoting giveachance
{quote} any down move is pure consolidation. the trend is up.
I'm a short-term bear for this pair. In the longer run, it is the BIG BULL.
  • #6,462
  • Jul 8, 2014 4:44am Jul 8, 2014 4:44am
Quoting Fx_Anil
{quote} I'm a short-term bear for this pair. In the longer run, it is the BIG BULL.
What is the reasons?
If You Can't Join Them, Beat Them!
  • #6,463
  • Jul 8, 2014 5:14am Jul 8, 2014 5:14am
Quoting hrwn47
{quote} What is the reasons?

NZD seems continued preserver of high interest rates, which they are bound to practice sooner or later. Moreover, the Daily industry of the nation is improving together with other economic numbers. Short-term strength of USD can restrict the pair from rallying.
  • #6,464
  • Jul 8, 2014 6:32am Jul 8, 2014 6:32am
My first target is for R3.. I was long since yesterdays low. Closed for profit and shorted.. Untill i see nice bounce... Now im long.. Scalping it
Attached Image (click to enlarge)
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Neural Network Algorithm and Econophysics
  • #6,465
  • Jul 8, 2014 6:35am Jul 8, 2014 6:35am
Quoting Fx_Anil
{quote} NZD seems continued preserver of high interest rates, which they are bound to practice sooner or later. Moreover, the Daily industry of the nation is improving together with other economic numbers. Short-term strength of USD can restrict the pair from rallying.

I presume you mean dairy industry and it is not in good shape. the dairy industry seems to have peaked out and farmers are not going to get good price for their products which they previously were getting. I think this recent run from 75 to 98 has got to do with usd/jpy selling. I cannot see any reason for that other than this. lets see what the cut is like.
  • #6,466
  • Jul 8, 2014 6:46am Jul 8, 2014 6:46am
Quoting Vigovski
My first target is for R3.. I was long since yesterdays low. Closed for profit and shorted.. Untill i see nice bounce... Now im long.. Scalping it {image}

yehh

ROCKSTAR!!
when GOD brings you a challenge he also gives you the power to deal with it
  • #6,467
  • Jul 8, 2014 8:55am Jul 8, 2014 8:55am
A second failed push above 88.
Any more for any more? Might have to wait for the Fed tomorrow, maybe that will do it, they'll blast it to infinity when they see the Fed sees the first hike in 2525.
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I have no clue what I'm talking about.
  • #6,468
  • Jul 8, 2014 10:07am Jul 8, 2014 10:07am
green economic date,rate hike expectation, good ratings support and a nice techinical uptrend , kiwi seems getting everything required to target 0.9,just like the period when EUR suffered from the Greek debt crisis in 2010, a purely sideways in the next few weeks and crash down from then on .
no other killers to me but emotion
  • #6,469
  • Jul 8, 2014 11:18am Jul 8, 2014 11:18am
Quoting Mr Mao
green economic date,rate hike expectation, good ratings support and a nice techinical uptrend , kiwi seems getting everything required to target 0.9,just like the period when EUR suffered from the Greek debt crisis in 2010, a purely sideways in the next few weeks and crash down from then on .
No, this is similar to the situation when GBP rose from 1,50 to 1,60. Everybody told it was too high, it has to fall, and then it rose to 1,70 and will probably continue.
  • #6,470
  • Jul 8, 2014 11:23am Jul 8, 2014 11:23am
All time high in my chart was 0.8841
Is that possible to go far beyond that without major event?
  • #6,471
  • Jul 8, 2014 11:34am Jul 8, 2014 11:34am
Quoting atria
All time high in my chart was 0.8841 Is that possible to go far beyond that without major event?
Possible, probable and inevitable
  • #6,472
  • Jul 8, 2014 1:33pm Jul 8, 2014 1:33pm
People here seem to forget that the RBNZ has a reputation for currency intervention 2011 wasn't that long ago..
  • #6,473
  • Jul 8, 2014 2:38pm Jul 8, 2014 2:38pm
hi pros
can you share some charts and possible targets for today. NU
  • #6,474
  • Jul 8, 2014 2:58pm Jul 8, 2014 2:58pm
Quoting albchr
{quote} So ... done! Next!

Quoting SaiLyfee
People here seem to forget that the RBNZ has a reputation for currency intervention 2011 wasn't that long ago..
yep, and the conditions to act are certainly met.
but I'm not quite sure they will act. Consumers, retailers and a significant part of industry are happy with cheap imports, and high NZD helps to keep inflation in check this way. Farmers ain't excited, that's for sure.. extended stay on current highs is to be reflected yet.. but I don't think they're 'very angry' yet.

anyway - if this thing should spike to .8860-70 tomorrow.. I'll consider to short it. I just think they will not hike the rate this month.

edit: McDermott's speech just released - hawkish.
http://www.rbnz.govt.nz/research_and...4/5776059.html
focus is...low inflation. not a word about kiwi too strong.
MarginTrader All Time Return: na
  • #6,475
  • Jul 8, 2014 3:46pm Jul 8, 2014 3:46pm
Quoting MaryJane
{quote} {quote} yep, and the conditions to act are certainly met. but I'm not quite sure they will act. Consumers, retailers and a significant part of industry are happy with cheap imports, and high NZD helps to keep inflation in check this way. Farmers ain't excited, that's for sure.. extended stay on current highs is to be reflected yet.. but I don't think they're 'very angry' yet. anyway - if this thing should spike to .8860-70...
farmers may not like the the exchange rate; but they appear to be handling ok. The major outgoing of most dairy operations is now debt service. Loans rates typically reset at least every 5 years and what they can not handle will be a rise in interest rates.
  • #6,476
  • Jul 8, 2014 9:01pm Jul 8, 2014 9:01pm
Funny story -- I am short ... because when I went to do a good for day entry order to short at .8800, I entered a market price order instead at .87901. (Ooopsie). Target price is .8757 (the .236 Daily Fib Retracement Pivot Point). Hey, I'm up two pips on the thing ... . Maybe I'm overthinking my trading strategy. (Wonder if I can market an Oopsie System.)
Fireworks are fun ... as long as you don't blow your fingers off.
  • #6,477
  • Jul 8, 2014 9:12pm Jul 8, 2014 9:12pm
i'm short with a target of 0.78 in 6 month to a year. i did FX because it's available. any one out there using a different type of contract (futures of some kind) and who's the market maker.
thanks
  • #6,478
  • Jul 8, 2014 9:35pm Jul 8, 2014 9:35pm
I don't see any point in shorting this before a new high is printed. If I were short I would short above 8828. nothing before that. rbnz seems to have given it to the markets that the currency will appreciate and they won't stop hiking rates just for the sake of the currency not rising. today's mcdermott speech has nailed in the fact that inflation is more important to them than currency valuations.
  • #6,479
  • Jul 8, 2014 10:21pm Jul 8, 2014 10:21pm
I'm still long. Nothing says short to me.
FF journal: Peaks and Troffs
  • #6,480
  • Jul 8, 2014 10:28pm Jul 8, 2014 10:28pm
Holding longs too.. I will not fight with a nice breakout and huge up trend.. It will go up with nice pullbacks.. Very simple no need to confuse
Btw aud news was good which is been helpful to bring it up..
Neural Network Algorithm and Econophysics
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