Attachments: NZD/USD

NZD/USD

#9,281
May 12, 2015 5:12am May 12, 2015 5:12am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

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#9,282
May 12, 2015 7:48am May 12, 2015 7:48am

Jcandle
| Joined Nov 2013 | Status: Trader | 69 Posts

Anyone watching this pair atm? It's setting up to be a nice play.

Taking responsibility means believing that your outcomes are self-generated

#9,283
May 12, 2015 11:32am May 12, 2015 11:32am

gconn190
| Joined Feb 2012 | Status: Trader | 5 Posts

jcandle,

Would you say pulling back to yellow area then resuming down to purple area?

http://www.forexfactory.com/attachme...1&d=1431425491

#9,284
May 12, 2015 5:02pm May 12, 2015 5:02pm

AVLtrader
| Joined Apr 2012 | Status: Trader | 72 Posts

Why is price going UP? I would think the most recent news event would cause a drop in this pair

#9,285
May 12, 2015 5:12pm May 12, 2015 5:12pm

wyley187
Joined Apr 2014 | Status: Trader | 249 Posts

Quoting AVLtrader

Disliked

Why is price going UP? I would think the most recent news event would cause a drop in this pair

Ignored

after the talking heads came up with their Idea of a rate cut this week, alot was priced in, with no mention of easing whatsoever in report or press conference, it's got a little room to run to the upside

#9,286
May 12, 2015 5:44pm May 12, 2015 5:44pm

viitrader
| Joined Mar 2011 | Status: Trader | 234 Posts

a little run to 7550 levels perhaps, then falling like a brick.

#9,287
May 12, 2015 5:54pm May 12, 2015 5:54pm

pilottrader
Joined Jan 2015 | Status: Trader | 355 Posts

Quoting viitrader

Disliked

a little run to 7550 levels perhaps, then falling like a brick.

Ignored

Agree. Sell limit order above .75, but not dumping my other shorts anytime soon.

Mark

#9,288
May 13, 2015 2:22am May 13, 2015 2:22am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Even after the reversal from 0.7330 fueled NZDUSD towards 0.7400 mark, the channel resistance, near 0.7430, could restrict further up-move by the NZDUSD.

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#9,289
Edited 6:14am May 13, 2015 4:07am | Edited 6:14am

roger44
Joined Sep 2014 | Status: Trader | 4,176 Posts

Attached Image

Quoting Fx_Anil

Disliked

Even after the reversal from 0.7330 fueled NZDUSD towards 0.7400 mark, the channel resistance, near 0.7430, could restrict further up-move by the NZDUSD. {image}

Ignored

Although it is still around your channel top, I hope it will pass through it entirely.
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#9,290
May 13, 2015 5:50am May 13, 2015 5:50am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

correction in wave 4 or larger ABC

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Name: NZDUSD_H1.gif
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#9,291
May 13, 2015 7:36am May 13, 2015 7:36am

HareshBM
| Joined Feb 2014 | Status: Trader | 421 Posts

Once again does the trick of rebounding sharply from trend-line support.
Would now be prudent to see if managed to hold 0.7420 on daily candle to confirm a move towards 0.7550 resistance, 100-day SMA.

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