NZD/USD

In my view there is no currency worth holding... All currency are in a natural state of flux seeking balance among it competitors. All currency is meant to go up and down depending on the vagaries of the economy whether they be good or bad. It's all perception anyway. Why hasn't the US dollar collapsed by now? There is simply no reason for its continuation other than perception. And besides, if one major currency would collapse, it would have a domino effect. So the central banks will continue to continue to weaken their own currency to add buying power or strengthen it to avoid inflation depending on the economic conditions.

That said, I lost about a 100 pips on the retrace but am still about 300 pips in the green. I am hoping for a turn around but that is all in the hands of the central banks. What I like about the NU is that New Zealand currency has value but their economy is small and susceptible while the US currency is virtually worthless but they have the strongest economy in the world yet they too are susceptible.

I'll give up about 20-30 more pips to stay in the game hoping for a turn around otherwise, I'll take my pips and call it a success.

Hello NZ

Managed to clear a few longs out

still have some above.

Once the US takes the foot off the peddle

78% still holding longs

NZ is a we fart in a bottle

bit off good news an a EUR spike up

Would have to be good for 0.86+ etc

Target 0.865


RTM disappear....

Selling on the rise, say around 0.8495 area.

0.8507and thereafter....like 0.8540

Thank you for your comment.
I usually enter trade a bit too early and got wipe out or sometimes too late, that's why I post and treasure every opinion I can get.

8477ish coming shortly… lil 13 pip scalp..

nice target not sure about NZ fundies to push that high.
I am more inclined to see 1.82

Wow and you though he was ambitious lol

I am still here you dipshit I just don't spend my life in forums. What has changed since I last post? Market pull back.? Wow

Davit going for the grand slam..

Haha yer. Will be a Party at Davit's place, all invited.

NU really struggling here already on the daily ATR but looking at the bigger picture have really just been following the risk on sentiment with the market bought the dip we say in dow jones, sp500, ftse etc. That usually means high yield pairs such as NZDUSD NZDJPY will follow in bullish momentum. However we have not yet cleared yesterdays high of the 23 fib on the pullback of our down swing we had after the intial rate hike down push we had there in july. Looking forward also there is a sense of stagnation among equities as the SP500 volume has been so low hitting decade lows in terms of volatility. And you can clearly see the move we had on the downside was clearly much stronger than that of the one pushing up here now. Will wait for further confirmation before we can officially say a trend is in place here.

nzd/usd daily trend
my tp1 85.20-60, maybe 86++ if supports at 0.8486 área

Regards.

Hello, I have a question. I'm not new to trading, but I've also never really dived into the "exotic" part of trading. Is N/U even considered an exotic pair? I don't know, but I am used to trading the yen crosses, as those are my favorite, particularly USD/JPY and formerly GBP/JPY.

I am experimenting with a new approach that involves *all* currency pairs, cross-market analysis somewhat, but mostly just trying to find whatever is moving the most at any given point in time.

I have never particularly liked the "fundamental" approach to trading, and hence I stay far away from news events if I can, and although that might change I just don't have lots of experience trading that way, as I am much more technical.

A part of my question here is: how much do swap rates influence the underlying move (or lack thereof), like can changes in swap rates start trends and stuff? Is that how fundamental traders trade? I would like to know more about the carry trade and how it works...

Another part of my question is: I have pulled up IBFX swap rates on one of my charts and, from my n00bie "fundamental" analysis, I was looking for the highest swap rates and it seems that NZD/USD long pays 0.83, while EUR/NZD short pays 0.89. Those were the two highest-yielding swap rates I could find.

So I then looked at the charts of NU and EN and concluded that I would rather go long NU, than short EN, at least in the short-term.

Now, am I missing something, or doing something incorrectly? Is anything wrong with my analysis? Would I be correct to say that the positive swap rate of 0.83 might contribute, if only just a little, to the semi-bullish positive looking NZD/USD chart?

I know that for many traders (although I am not one of them) the carry trade is a very big deal. But I don't understand it all yet. How long would it even take to double your money with swaps alone? Does the carry trade even really matter these days? Or is it more about just finding big fluctuations in price and volatility and momentum and "going with the flow" (ie: TRADING!). How much % gains can you expect to make from the carry trade alone, over "X" period(s) of time?

And finally... I guess this is my last question, would you ever want to trade a pair with a negative swap? Because aren't you losing money if you do that? I would think you would need to compensate for that by making a lot of pips... and that would be the only time people would trade negative swaps, if they even care still about swap rates these days. I just don't know.

Or maybe swap rates only matter if you have millions and millions of dollars?

Some insight on this topic would be greatly appreciated, as I am thinking about going long NZD/USD when the market opens on Sunday.

NuUs manages to breach the first resistance level @.8504, it'll probably continue up to test .8522.,

If it manages to breach the first key support @.8471, it'll probably continue to slide and test .8449.

TP manually for 50 pips from LONG and flat in kiwi

bullish also for this pair but soros increase his bet short in stocks

There is a difference between making a trade and carry trading.