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NZD/USD

  • #7,041
  • Jul 27, 2014 6:44pm Jul 27, 2014 6:44pm
I'm thinking further drops this week for NZD

Everything on Calendar either looks negative for NZD or positive for USD

In NZ we've got milk payout update from Fonterra later in he week - will be down - the question is how far?
US Fed meeting - they're going to have to start getting hawkish some time... maybe this week?
US Non farm payroll - on recent form surely this must be moving higher?
Things seem to be going for bad to worse on the geopolitical front... more risk off?

And then there's the ongoing threat of intervention from RBNZ...

Worth a read: http://www.interest.co.nz/currencies...te-then-us-une
  • #7,042
  • Jul 27, 2014 7:56pm Jul 27, 2014 7:56pm
Attached Image (click to enlarge)
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  • #7,043
  • Jul 27, 2014 8:09pm Jul 27, 2014 8:09pm
It looks like we peaked and we are looking at a long term down trend.
Taigen Profit This Month: na
  • #7,044
  • Jul 27, 2014 9:39pm Jul 27, 2014 9:39pm
Quoting Taigen
It looks like we peaked and we are looking at a long term down trend.
Gidday NZ

Even if NZ was at 0.844 is considered to high

It will reach a point were it is a buy an hold

The YEN Masters pushed it up last time

They can load into NZ longs with the YEN low rate

Fun in games going on

A big order from China an it zoom back up again
  • #7,045
  • Edited 11:49pm Jul 27, 2014 11:22pm | Edited 11:49pm
Agree. The last time it peaked at .88 was in 2011. It double topped and now going to work its way down. I'm shorting on the retraces. Hasn't happened yet but am on the sidelines waiting...

I've already positioned but now am setting for the second wave and hopefully a third...
Taigen Profit This Month: na
  • #7,046
  • Jul 28, 2014 4:12am Jul 28, 2014 4:12am
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  • #7,047
  • Jul 28, 2014 4:37am Jul 28, 2014 4:37am
Attached Image (click to enlarge)
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On weekly chart the trend is up and notice how price likes to retrace 400 pips at a time.

Attached Image (click to enlarge)
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On daily chart, we see that the 0.8400 is a key area to look out for.
Long 0.8390
SL 0.8290
1st target 0.8700
Whether you can or you can't, you are both right.
  • #7,048
  • Jul 28, 2014 4:56am Jul 28, 2014 4:56am
Hey traders!

How many of you are waiting for bears?!

Is there any fundamental reason to think, that it's has to go up?

Stay green!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZ2.PNG Size: 45 KB
Stay Hungry Stay Foolish
  • #7,049
  • Jul 28, 2014 5:25am Jul 28, 2014 5:25am
Quoting fartist
{image} On weekly chart the trend is up and notice how price likes to retrace 400 pips at a time. {image} On daily chart, we see that the 0.8400 is a key area to look out for. Long 0.8390 SL 0.8290 1st target 0.8700
Attached Image (click to enlarge)
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  • #7,050
  • Jul 28, 2014 6:25am Jul 28, 2014 6:25am
Quoting fartist
{image} On weekly chart the trend is up and notice how price likes to retrace 400 pips at a time. {image} On daily chart, we see that the 0.8400 is a key area to look out for. Long 0.8390 SL 0.8290 1st target 0.8700
lol that's what I said here http://www.forexfactory.com/showthre...21#post7626921
only I was being a little bit conservative
  • #7,051
  • Jul 28, 2014 6:55am Jul 28, 2014 6:55am
Quoting eliteincome
{quote} Gidday NZ Even if NZ was at 0.844 is considered to high It will reach a point were it is a buy an hold The YEN Masters pushed it up last time They can load into NZ longs with the YEN low rate Fun in games going on A big order from China an it zoom back up again
Yea, but even the big boys go by the rules...
Taigen Profit This Month: na
  • #7,052
  • Jul 28, 2014 7:06am Jul 28, 2014 7:06am
Quoting Nik13
Hey traders! How many of you are waiting for bears?! Is there any fundamental reason to think, that it's has to go up? Stay green
The last time it peaked in the high 80's was in 2011 and the second attempt to break through didn't happen. It has been long term trending up since 2008 with the price in the high 40's so I think it is ready for some healthy retracement. If you are short term trading then none of what I said applies other than the safer trades are in the shorting.
Taigen Profit This Month: na
  • #7,053
  • Jul 28, 2014 12:31pm Jul 28, 2014 12:31pm
No one here What's New Zealand
Capital management
  • #7,054
  • Jul 28, 2014 3:15pm Jul 28, 2014 3:15pm
Quoting Uaetrade
No one here What's New Zealand

Gidday Uae

Reading through

seems traders waiting 0.84 to go long

Just keeping an eye on the NZ cross pairs

They are starting to creep up with the 3.5%

anchor dragging them down
  • #7,055
  • Jul 28, 2014 11:58pm Jul 28, 2014 11:58pm
Fonterra news out !!

http://www.nzherald.co.nz/business/n...ectid=11300954
  • #7,056
  • Jul 29, 2014 12:11am Jul 29, 2014 12:11am
Scalp long, although this does look nasty.
  • #7,057
  • Jul 29, 2014 12:15am Jul 29, 2014 12:15am
Quoting Ck87
Scalp long, although this does look nasty.
If it breaks .8515 then it's down in the .84's we go by the looks of things...... I was hoping for a retrace back to near .86 so I could go short again.
  • #7,058
  • Jul 29, 2014 12:17am Jul 29, 2014 12:17am
Quoting zen252
{quote} If it breaks .8515 then it's down in the .84's we go by the looks of things...... I was hoping for a retrace back to near .86 so I could go short again.

Yeah…. it's most probably going there and lower in weeks to come. Sick how this thing goes from up every day to down every day just like that

8520 could provide some relief tho short term…. maybe go up to that 86 #..

8513 rather… low on april 3rd

Meanwhile AUDNZD back at those 2014 highs...
  • #7,059
  • Jul 29, 2014 12:31am Jul 29, 2014 12:31am
I'll feel more comfortable when the price breaks below .8400's. I tend to position with the trend but if your careful, no reason you can't go long.
Taigen Profit This Month: na
  • #7,060
  • Jul 29, 2014 1:32am Jul 29, 2014 1:32am
Its broken .8515, now down to .8435
FF journal: Peaks and Troffs
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