NZD/USD

will be keeping my eye on you!

Gidday NZ

Not sure how far NZ will retrace

But to be fair EUR/US has not bounced yet

Lets see what happens 0.84

It looks like it will head towards .82. We have a serious situation right now. Geopolitical risk is now serious. Sanctions are serious. China great surplus but all from exports. China is one of the biggest clients for NZD. We have price pressure on dairy. These are live events happening at the worst of times. It was only 3 weeks ago that NZD was trading at multi year highs. It has a lot to give back. People have made a lot of money on the carry, however, the price movement will be too much for most to bear. Times or risk people look for safety of their principal not interest from their principal. Preservation. Good bye Good Night NZD.

https://images.duckduckgo.com/iu/?u=...%2F006.jpg&f=1we have a winner!

very good Daniel son

Just for you

Target is reached .... although it takes more than 12 hours .... but my target it hit .... green pips.
Done ... i must take a rest of posting like this .... good luck every body ...

Today we attack 8500

My crystal ball says so.

.85 + indeed! NZD rocking music is on now! let's get em .85!

Wow 20 pips away, such a big call! 20 pips is merely noise! Id like to see you call 200, that would be more impressive and make sense.

That's all relative my friend.

20 pips for a scalper is considered a slam dunk....but since you insist.....

8524 will be a problem though

0.8500 can become important level for th NZDUSD, breaking which it can rally to 0.8535 and 0.8560. Downside support of 0.8430 is an important level to make it test 0.8380.

I was long and just exited bc I just sense something iffy about nzd right now.
It keeps making downside movements without enough upside.

I'm short @.84809.

How is there not enough upside?

Daily has had HH and HL the last 4 days...and we are about to make another HH of the day....

Dear NZD traders. I guess you all wonder where NZDUSD is heading and what fate lies ahead of it in next days/weeks. Last few days i was looking at NZDUSD daily chart and i thought, where have i seen this pattern?! It was so familiar. It finally stroke me, we had that exact line somewhere in the past. Let me put graphic comparison:

http://s3.postimg.org/g1tyxtm1f/NZD_aug_14.png

As you see, EURUSD (right part of pic - WEEKLY chart!) had that exact sequence 4 years ago in 2009/2010, when it was attacking 2008 highs, as is NZDUSD right now (left part of pic - DAILY chart!).

Sequence goes like this:
1 - long exhausting bull march eyeing historic highs
2 - final upside pushes that fail somewhat short of all-time (!) highs
3 - after failing to deliver, trend abruptly turns with 3 loooong red candles
4 - first storm passed, shallow bear flag of 4 candles, failing to push back up but still in the range of step 1
5 - another 4 consecutive red candles that push levels way below step 1
6 - moments of indecision, bulls are convinced bottom was found, bears take a breath, 3 long-wicked dojis
7 - after 1 upside candle, the second one slams it back down, classic bearish engulfing pattern, sign of bearishness
8 - another sequence of 3-candle indecision, but a bit lower than step 6: first hammer, second candle is trying to push higher, followed by another hammer (here we are today with NZDUSD); again we are in no man's land; are bears done or just taking another breath? will bulls take over or capitulate? where do we go now?

I can tell you next step - step 9 is larger than them all.

Since further EURUSD chart is in archives, you may already go and find out what step 9 offers. You may check EURUSD history or wait for me to put another chart (yet i can hint you it's a red candle flurry).

Now, will step 9 play out as former 8 steps have? Is it possible that NZDUSD scenario follows 8 EURUSD steps "correctly" and then "fails" at 9th step? Up to debate.

Clif hangers are rude Spik.

but all of 2009-2014 have traded lower than 2008 highs. So I'm assuming you're bearish.

There does certainly seem to be a bear flag on the Daily...

Just loading more shorts here xD paying expensive swap! YEA