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NZD/USD

  • #6,501
  • Jul 9, 2014 1:47pm Jul 9, 2014 1:47pm
I will take my chance with shorting NJ.

Who can deny the bearish anti bat
Attached Image (click to enlarge)
Click to Enlarge Name: NJ BAB.jpg Size: 247 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #6,502
  • Jul 9, 2014 2:05pm Jul 9, 2014 2:05pm
Quoting Expo33
I will take my chance with shorting NJ. Who can deny the bearish anti bat {image}

then what about NU ?
  • #6,503
  • Jul 9, 2014 2:17pm Jul 9, 2014 2:17pm
Quoting cobracoder
{quote} then what about NU ?
Well of course NU and NJ are highly correlated. I prefer trading harmonics so NJ is the way for me at the moment.

50 pip SL and a couple a weeks time and I am looking for NJ to visit monthly pivot at 88.11

Not a trade recommendation just my view, good luck
Pride always comes before destruction.... -Proverbs 16:18
  • #6,504
  • Jul 9, 2014 2:21pm Jul 9, 2014 2:21pm
So NU follow NJ ?
i mean if it goes up or down
  • #6,505
  • Jul 9, 2014 3:24pm Jul 9, 2014 3:24pm
Quoting Fx3423454
{quote} NZD takes another victim.
7 pips down =/= a victim.
  • #6,506
  • Jul 9, 2014 4:12pm Jul 9, 2014 4:12pm
Quoting cobracoder
So NU follow NJ ? i mean if it goes up or down
I wouldn't say NU follows NJ, I would say that 80-90% of the time they are moving in the same direction
Pride always comes before destruction.... -Proverbs 16:18
  • #6,507
  • Jul 9, 2014 4:15pm Jul 9, 2014 4:15pm
Quoting Aws1962
our NZD trader at our spot desk decided to get short some NZD here (>0.88) He thinks that s/t positioning is stretched and market has lacked the follow through on a break above 88 However, warns it could get squeezy around the .8842 highs.. and if you short be ready to put up with some drawdowns. Either way, he feels this is a good price to build shorts at for a move back into 86 handle. Obviously FOMC later, but o/n vols aren't signalling much fear and it will likely come to little. {image}
What trading platform is that please?
  • #6,508
  • Jul 9, 2014 4:16pm Jul 9, 2014 4:16pm
nothing to be surprised about making a new high.kiwi moved as a textbook,graceful and continuable.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 59 KB
no other killers to me but emotion
  • #6,509
  • Jul 9, 2014 5:40pm Jul 9, 2014 5:40pm
Quoting AM BiH
{quote} Yes, bears had they fun from 0,8820 to 0,8800. Now lets go up up up again. @bartholemw Earthquakes are good for currency, check how JPY reacted after tsunami, strengthen 300 pips.
Oh dear.

The Japanese Yen rallied *immediately* after the 2011 earthquake and Tsunami is due to the repatriation of the Yen from overseas. The exact same thing happened after the 1995 Kobe earthquake which claimed some 5,500 lives and devastated Kobe. In 2011, Japan had ask the G8 nations to each intervene to bring the Yen down, which they did the very next day after the request.

There was no such dollar repatriation for NZ after the Christchurch earthquake simply because NZ does not have such a vast amount of money offshore (or anywhere else for that matter!).

The Kiwi initially dropped, but the economy was fairly strong anyway due to the commodity currencies situation and the Kiwi got strong still due to record milk fat prices on the open market as well as record exports to China as part of our new FTA with China. Also, as witnessed bu the recent upgrade from Fitch, NZ has a credible fiscal plan to achieve and maintain a surplus and unemployment is low and dropping....albeit slowly.

The rebuild of Christchurch obviously has an effect on the economy but the effect is pretty much offset by the cost of the state picking up the tab for vast area's of land that could not be insured, bailing out the people whos earthquake cover did not pay out enough to replace their homes etc etc etc. There was, and still is, ongoing costs to the state...ie the tax payer.

The dollar is as high as it is simply because the commodity currencies are doing very well in the global economic crisis, and because the crisis never really reached NZ due to our markets being mainly Australia, China and South East Asia. Europe and USA are important markets, but the the most important. As long as milk fat prices stay high, and as long as other commodity exports are in demand by China and others, the Kiwi will stay reasonably strong. The spanner in the works could come in September if the current govt does not get re-elected.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,510
  • Jul 9, 2014 6:01pm Jul 9, 2014 6:01pm
Quoting iNZane
{quote} bailing out??? what about dispossessed; thrown off their property without compensation? don't make the NZ official reaction look like it was helping anyone except the politicians and other crooks. CHC and the rebuilt is one huge pile of graft and corruption. For the billions spent there's nothing much to show.

I'm not going to bother to get into this with you and point the many area's where you are completely wrong. I won't do it because that has nothing to do with this thread.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,511
  • Jul 9, 2014 6:04pm Jul 9, 2014 6:04pm
Quoting realjumper
{quote} I'm not going to bother to get into this with you and point the many area's where you are completely wrong. I won't do it because that has nothing to do with this thread.
agreed as far as this is not the place for that argument
  • #6,512
  • Jul 9, 2014 11:48pm Jul 9, 2014 11:48pm
If it gets to .8811, I'm short based on a swing low on the 15 min chart supported by the weekly high and AU broken lower.
FF journal: Peaks and Troffs
  • #6,513
  • Jul 10, 2014 12:42am Jul 10, 2014 12:42am
Quoting bogus
If it gets to .8811, I'm short based on a swing low on the 15 min chart supported by the weekly high and AU broken lower.
Bounced off that level
  • #6,514
  • Jul 10, 2014 12:52am Jul 10, 2014 12:52am
Both Australia and New Zealand Central Banks want lower currency values..lets see how this goes.
  • #6,515
  • Jul 10, 2014 1:08am Jul 10, 2014 1:08am
Quoting duderoo1
{quote} Bounced off that level
20 pip stop
FF journal: Peaks and Troffs
  • #6,516
  • Jul 10, 2014 1:23am Jul 10, 2014 1:23am
Quoting duderoo1
{quote} Bounced off that level
88.10 is daily pivot lvl... London pushing it.. My target is R3 LONG
Attached Image (click to enlarge)
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Neural Network Algorithm and Econophysics
  • #6,517
  • Jul 10, 2014 5:07am Jul 10, 2014 5:07am
NZDUSD is on the way to re-test 0.8760 as the pair recently broke ascending trend line. Upside resistance of 0.8810 and 0.8830 remains there for the pair.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 42 KB
  • #6,518
  • Jul 10, 2014 5:19am Jul 10, 2014 5:19am
Quoting Expo33
I will take my chance with shorting NJ. Who can deny the bearish anti bat {image}
The anti bat is my new hero. Decided not to get greedy, 50 pips and out.

Put a little something on AJ long and call it a week

Cheerio traders
Pride always comes before destruction.... -Proverbs 16:18
  • #6,519
  • Jul 10, 2014 6:45am Jul 10, 2014 6:45am
NU just refuses to die.
  • #6,520
  • Jul 10, 2014 6:46am Jul 10, 2014 6:46am
Quoting Fx_Anil
NZDUSD is on the way to re-test 0.8760 as the pair recently broke ascending trend line. Upside resistance of 0.8810 and 0.8830 remains there for the pair. {image}

are you sure???? think again before you say that??? this pair has been frustrating bears even more than before
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