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NZD/USD

  • #6,981
  • Jul 24, 2014 2:15am Jul 24, 2014 2:15am
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  • #6,982
  • Jul 24, 2014 2:57am Jul 24, 2014 2:57am
Quoting iqyu5an
{quote} better looking for rejection first , at least to confirm "bottom" to measure the risk imho ... green pips for you too

.85830 went long cause I think we've bottomed here so far
  • #6,983
  • Jul 24, 2014 3:00am Jul 24, 2014 3:00am
Quoting MisterSpread
{quote} .85830 went long cause I think we've bottomed here so far
i think yes based on 1H ( keep maintain the MM bro ) .. kiwi follows euro... am long in euro based on this

consolidation for bottom confirmation in higher TF will be better ( maybe heehhe )
not euphoria follower
  • #6,984
  • Jul 24, 2014 3:07am Jul 24, 2014 3:07am
Quoting cobracoder
question to everyone so NU rate is now 3.5 from 3.25 they increased it. so NZD should strengthen according to that but today we saw crash of 70 points. what does this means ?
I had exactly the same question.

Quoting Davit
{quote} Bank mentioned they will pause hiking rakes until December. Fundamentals are weak on NZ only reason why this is not 1.82-1.80 is Interest rate Yield factor which lot of foreign money is in park and collect situation. There is 12Billion foreign currency on NZ bank Day is young.London and NY could push this lot higher.
Hi Davit and other experts. As Cobracoder I was thinking NZD would strenghen. I'm very inexpert. I know a bit of Technical Analysis. My TA where saying that NZD was getting stronger for most pairs and I coudn't foresee what happened tonignt. I would have closed a couple of positions if I had known.

I would like to include some Fundamental A. Where do you get that extra information? How can I learn Fundamentals further than just basing my decisions on the typical reports? Is there any good economic book I could read to understand better all (or most) of the factors that affect a market?

Thanks in advance.
  • #6,985
  • Jul 24, 2014 4:07am Jul 24, 2014 4:07am
Quoting fonx
{quote} I had exactly the same question. {quote} Hi Davit and other experts. As Cobracoder I was thinking NZD would strenghen. I'm very inexpert. I know a bit of Technical Analysis. My TA where saying that NZD was getting stronger for most pairs and I coudn't foresee what happened tonignt. I would have closed a couple of positions if I had known. I would like to include some Fundamental A. Where do you get that extra information? How can I learn Fundamentals further than just basing my decisions on the typical reports? Is there any good economic...

To be honest this caught most people.

It's seems it's mostly due to Wheeler talking about the fact the dollar is over valued.... and kind of hinting that they are ready to intervene.

I now suspect the kiwi will sit between 85 and 86.5

edit : you might see a bounce around 8550 first.
  • #6,986
  • Jul 24, 2014 4:41am Jul 24, 2014 4:41am
Hi the kiwi can not be that close to the dollar in terms of ratios it was almost 1 to 1, so if their had been a rate rise this would have almost been the case. Kiwi will only raise it rates once the FED raise interest rates, until then its safe to short the kiwi at next rate decision... learn your fundamentals, it saves you so much headache, and learn important levels.
Peace & Pips
  • #6,987
  • Jul 24, 2014 4:55am Jul 24, 2014 4:55am
Quoting Dano12
http://www.efxnews.com/story/25355/n...p-it-down-bnpp
I hate efx news, they nearly always bet against PA and are nearly always wrong.
Come with me if you want to live....
  • #6,988
  • Jul 24, 2014 5:09am Jul 24, 2014 5:09am
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  • #6,989
  • Jul 24, 2014 5:33am Jul 24, 2014 5:33am
When i was driving a car an hour ago, the car in front of me had registration plate: "NZ-882". I was like whaaaat, seriously??
  • #6,990
  • Jul 24, 2014 11:43am Jul 24, 2014 11:43am
Quoting Spik
When i was driving a car an hour ago, the car in front of me had registration plate: "NZ-882". I was like whaaaat, seriously??

.85700 was a good bottom, I went long there and I will keep it until something major changes my mind, but I think I will close it with a nice profit in the following days and hopefully I will follow that plate number hehe
  • #6,991
  • Jul 24, 2014 12:03pm Jul 24, 2014 12:03pm
nzs 87...just on stteet withough th e arkets participations. 87.4. bet on it...yea that's what I thought...my rturesn weihall
  • #6,992
  • Jul 24, 2014 12:41pm Jul 24, 2014 12:41pm
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  • #6,993
  • Jul 24, 2014 1:35pm Jul 24, 2014 1:35pm
The way I see NZD is they are trying to curve inflation by raising the rate but they know raising the rate can straighten the dollar and this is why Wheeler talked it down yesterday, but I don't think they are done yet...........wait and see if they don't throw a bull syit number out there tonight on the ANZ Business Confidence something lower then 42.8 like 40.5.
  • #6,994
  • Jul 24, 2014 2:24pm Jul 24, 2014 2:24pm
http://www.efxnews.com/story/25363/n...s-targets-citi
  • #6,995
  • Jul 24, 2014 3:13pm Jul 24, 2014 3:13pm
Quoting zen252
{quote} To be honest this caught most people. It's seems it's mostly due to Wheeler talking about the fact the dollar is over valued.... and kind of hinting that they are ready to intervene. I now suspect the kiwi will sit between 85 and 86.5 edit : you might see a bounce around 8550 first.
Thanks for your answer Zen. I had to head to the office after I posted my message. I appreciate your help.
  • #6,996
  • Jul 24, 2014 3:17pm Jul 24, 2014 3:17pm
Quoting kingleeny
People who have short positions still open. What is a good key point your looking for in exit?
Hello King

Holding longs 3.5%

one short running

was thinking 0.85

Been shorting cross NZ pairs 3.5%

after that spike

NZ is a tricky rooster

I keep the trades small as the

Sheep Shaggers love blowing up accounts
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  • #6,997
  • Jul 24, 2014 4:23pm Jul 24, 2014 4:23pm
Long .8571

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If you are new to FX don"t follow my trades, I 've blown many live accounts
  • #6,998
  • Jul 24, 2014 4:55pm Jul 24, 2014 4:55pm
Some argue this decline in NZDUSD is merely temporary:
http://www.efxnews.com/story/25355/n...p-it-down-bnpp

Agreed. The question is, how far down can it go meanwhile.
  • #6,999
  • Edited 7:14pm Jul 24, 2014 7:00pm | Edited 7:14pm
Quoting mclon
Long .8571 {image}
So tempting, but I'm going to hold out for the .236 Fib at .8511:

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Hard to believe I was bitchin' about not being able to get out my shorts last week (which I exited at .87924 for a small net profit), and ... here we are ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #7,000
  • Jul 24, 2014 7:13pm Jul 24, 2014 7:13pm
Quoting Spik
Some argue this decline in NZDUSD is merely temporary: http://www.efxnews.com/story/25355/n...p-it-down-bnpp Agreed. The question is, how far down can it go meanwhile.

85.00 - 84.50
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