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NZD/USD

  • #6,681
  • Jul 15, 2014 9:29pm Jul 15, 2014 9:29pm
Quoting san99
{quote} I rarely trade NZD so am not always keeping up with the data. But immediately when I saw the figure less than forecast I had a strong hunch there was a big sell-off. I figured that with the RBNZ hiking rates way ahead of the other majors, they need stronger readings across the board to justify that. So this figure definitely is a disappointment, notwithstanding the very real possibility of an upward revision within a month's time. So anyway, not sure if this will throw a wrench at the next meeting. But if the data doesn't continue to support,...
they don't need a strong reading. A week reading is perfect for them. kiwi is not going below 0.86 in any way
  • #6,682
  • Jul 15, 2014 9:30pm Jul 15, 2014 9:30pm
Quoting iqyu5an
kissed support .. little bounce and added short ............ and...........taraaaaaaaaaaaaaaaaa.............. {quote} {image}
Well ok take profit...flat in Kiwi

let market goes first..... just watch and pray for gaza
not euphoria follower
  • #6,683
  • Jul 15, 2014 9:33pm Jul 15, 2014 9:33pm
Quoting san99
{quote} I rarely trade NZD so am not always keeping up with the data. But immediately when I saw the figure less than forecast I had a strong hunch there was a big sell-off. I figured that with the RBNZ hiking rates way ahead of the other majors, they need stronger readings across the board to justify that. So this figure definitely is a disappointment, notwithstanding the very real possibility of an upward revision within a month's time. So anyway, not sure if this will throw a wrench at the next meeting. But if the data doesn't continue to support,...
Yeah won't be surprised Wheeler decides to hold the rate just for now and resume the rate hike if warranted next year because after all, the only sector of that economy that's overheated is the real estate and that's due to the earthquake rebuild and the massive Chinese immigration. Once the earthquake rebuild is done and the immigration dies down a bit, would they still need to raise the entire bank rate just to cool the real estate market especially when their fundamental economic activity is actually the export business?

Looks like I jumped the gun by taking profit too early from that Short trade. LOL
Make your losses in demo. Earn your profits live.
  • #6,684
  • Jul 15, 2014 9:52pm Jul 15, 2014 9:52pm
long kiwi @8701
  • #6,685
  • Jul 15, 2014 9:53pm Jul 15, 2014 9:53pm
Quoting Forexia
{quote} Yeah won't be surprised Wheeler decides to hold the rate just for now and resume the rate hike if warranted next year because after all, the only sector of that economy that's overheated is the real estate and that's due to the earthquake rebuild and the massive Chinese immigration. Once the earthquake rebuild is done and the immigration dies down a bit, would they still need to raise the entire bank rate just to cool the real estate market especially when their fundamental economic activity is actually the export business? Looks like I...
I did the same but still have too many shorts that need 86 as TP
House prices are falling in general.I read so much crap on NZ economy almost feel like New Zealander
In trading, you have to be defensive and aggressive at the same time
  • #6,686
  • Jul 15, 2014 9:56pm Jul 15, 2014 9:56pm
lol this pair looks like a silver shadow :O if it will keep its correlation through august expect this to drop just a tiny bit further, consolidate for 2 weeks and skyrocket on august 4th +- i'll be keeping an eye on this one it might be my trade of the year lol
  • #6,687
  • Jul 15, 2014 10:03pm Jul 15, 2014 10:03pm
Quoting Windstrown
lol this pair looks like a silver shadow :O if it will keep its correlation through august expect this to drop just a tiny bit further, consolidate for 2 weeks and skyrocket on august 4th +- i'll be keeping an eye on this one it might be my trade of the year lol
why aug4th
In trading, you have to be defensive and aggressive at the same time
  • #6,688
  • Jul 15, 2014 10:06pm Jul 15, 2014 10:06pm
it seems facing some support ( to close weekly candle ? ). but no clear confirmation.

am bearish so..will wait this baby at the potential resistance....


Quoting iqyu5an
Dream Not A Call Potential 3 Drive Bearish and HnS Setup {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi july 16.png Size: 44 KB
not euphoria follower
  • #6,689
  • Jul 15, 2014 10:07pm Jul 15, 2014 10:07pm
i've ust been comparing the 2 on daily candle for the last month and although obviously it is not a 90ish% correlation i can see the trend following.
to be honest i already have my enter point at 0,8665. I'm putting a tight stop on this one though since ive never traded nz before and i'm quite insecure about it..
  • #6,690
  • Jul 15, 2014 10:14pm Jul 15, 2014 10:14pm
Another slight teajustment of trendline
  • #6,691
  • Jul 15, 2014 10:22pm Jul 15, 2014 10:22pm
Quoting giveachance
long kiwi @8701
any suggestion on sl & tp levels?
  • #6,692
  • Jul 15, 2014 10:31pm Jul 15, 2014 10:31pm
Quoting raj23
{quote} any suggestion on sl & tp levels?
8678: sl and 8740 target. If you want to trade nzd try aud/nzd. that chart is in a long term downtrend. nzd is going to overtake australia sooner than later and chinese are not exiting kiwi that early. so with every good chinese data nzd economy is much better
  • #6,693
  • Jul 15, 2014 10:35pm Jul 15, 2014 10:35pm
longers watch out LOL... watch monthly candle becomes bearish now... so watch out
  • #6,694
  • Jul 15, 2014 10:38pm Jul 15, 2014 10:38pm
Quoting cobracoder
longers watch out LOL... watch monthly candle becomes bearish now... so watch out
there is always bull and bear in this game mate ............
not euphoria follower
  • #6,695
  • Jul 15, 2014 10:43pm Jul 15, 2014 10:43pm
Buy trade perfecto
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 1.2 MB
  • #6,696
  • Jul 15, 2014 10:45pm Jul 15, 2014 10:45pm
Quoting mkvy
Buy trade perfecto {image}
goldylocks gonner whip dem der bears
  • #6,697
  • Jul 15, 2014 10:50pm Jul 15, 2014 10:50pm
Attached Image
  • #6,698
  • Jul 15, 2014 10:50pm Jul 15, 2014 10:50pm
N.Z. Inflation, Dairy Prices Ease Pressure on RBNZ to Raise Rate

http://www.bloomberg.com//news/2014-...-forecast.html
  • #6,699
  • Jul 15, 2014 10:52pm Jul 15, 2014 10:52pm
Any chance to get pullback ? i am on buy 8729... now my target 8750.. but its going lower and lower... is it possible to reach my target ?
  • #6,700
  • Jul 15, 2014 11:02pm Jul 15, 2014 11:02pm
Quoting tanmoy2013
Any chance to get pullback ? i am on buy 8729... now my target 8750.. but its going lower and lower... is it possible to reach my target ?
there is always any chance and possibility. but no clear bottom confirmation yet . so the probability is unknown yet
not euphoria follower
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