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NZD/USD

  • #9,741
  • Jul 27, 2015 1:11pm Jul 27, 2015 1:11pm
Quoting KCV
Looks like 4hr resistance is strong. It's coming down. Good sign. Also 1hr TDI is going down. Good sign for short. Will take some profit at 6580 DPV. KC. {image} {image}
As long as the daily closes below .6650 we are still within the Downtrend Channel.

This move up the past day can better be explained simply by looking at the pin bar forming on AUDUSD after its break to a new low late last week.

I'm mainly saying this cause I disagree with the placement of your trendline but agree with NZDUSD going lower, still in a strong downtrend.
  • #9,742
  • Jul 27, 2015 1:29pm Jul 27, 2015 1:29pm
Quoting Syntrader
{quote} As long as the daily closes below .6650 we are still within the Downtrend Channel. This move up the past day can better be explained simply by looking at the pin bar forming on AUDUSD after its break to a new low late last week. I'm mainly saying this cause I disagree with the placement of your trendline but agree with NZDUSD going lower, still in a strong downtrend.
True I see.

This is because I put that channel like when the chat is compressed but before posting here I enlarged the chart.

Have to correct.

Ty.
  • #9,743
  • Jul 27, 2015 1:35pm Jul 27, 2015 1:35pm
Quoting Syntrader
{quote} As long as the daily closes below .6650 we are still within the Downtrend Channel. This move up the past day can better be explained simply by looking at the pin bar forming on AUDUSD after its break to a new low late last week. I'm mainly saying this cause I disagree with the placement of your trendline but agree with NZDUSD going lower, still in a strong downtrend.

Oh I see now. What a diff. TY Syntrader.

I put the channel line in the right place.

Now I see it never touched the upper line (Resistance).

It going down. Ty again.
Attached Image (click to enlarge)
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  • #9,744
  • Jul 27, 2015 1:36pm Jul 27, 2015 1:36pm
Just about as close to a perfect H&S in the works on this pair. Agreed, down she goes.
Vision without action is a daydream. Action without vision is a nightmare.
  • #9,745
  • Jul 27, 2015 3:41pm Jul 27, 2015 3:41pm
yeah...seems to be going down...will take some profit at the neckline 5550-5560...add more short on break of neckline and retest..
  • #9,746
  • Jul 27, 2015 5:44pm Jul 27, 2015 5:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: ktD7ir9h.png Size: 36 KB
  • #9,747
  • Jul 27, 2015 7:32pm Jul 27, 2015 7:32pm
Okay, quick trip up to .6642. Looks a bit uncomfortable up here.
  • #9,748
  • Jul 27, 2015 7:40pm Jul 27, 2015 7:40pm
Quoting idaho19
Okay, quick trip up to .6642. Looks a bit uncomfortable up here.

Yes it is
  • #9,749
  • Jul 27, 2015 8:05pm Jul 27, 2015 8:05pm
Quoting KCV
{quote} Think its going to reverse at 6647 or 6651 DR1. Lets See
Let's see hopefully it goes to my 161.8 retracement there is resistance at 6651 though great call
  • #9,750
  • Jul 27, 2015 8:11pm Jul 27, 2015 8:11pm
Quoting KCV
{quote} Think its not that easy to break the 4hr channel. Are you scalping... then its ok. Good luck Edit :- Ema20 on daily Resistance. 4hr Channel Resistance DR1 :- Resistance
Hopefully it keeps its strong trend up I'm going to hold on to this one but I see strong resistance around this area just like you said
  • #9,751
  • Jul 27, 2015 8:13pm Jul 27, 2015 8:13pm
Quoting KCV
{quote} Think its not that easy to break the 4hr channel. Are you scalping... then its ok. Good luck Edit :- Ema20 on daily Resistance. 4hr Channel Resistance DR1 :- Resistance
I went ahead and just grabbed my pips and left haha good call KCV I didn't see that level
  • #9,752
  • Jul 27, 2015 8:19pm Jul 27, 2015 8:19pm
Quoting Adouble21
{quote} I went ahead and just grabbed my pips and left haha good call KCV I didn't see that level
Good job..

Think now there will be a bit support at 6611 DPV.

Will take little bit profit at that point.. and when it comes back to same channel level will load full position short.

Edit :- Expecting a small retrace at 10Pm Eastern.

KC.
  • #9,753
  • Jul 27, 2015 8:23pm Jul 27, 2015 8:23pm
Couple of people have already mentioned that the nzdusd is not reacting right to bad news. This making me very weary of a sharp pullback.
  • #9,754
  • Jul 28, 2015 12:50am Jul 28, 2015 12:50am
NZD is a tough nut to crack, it actually went up the whole morning!!!
  • #9,755
  • Edited 1:44am Jul 28, 2015 1:22am | Edited 1:44am
Quoting OZTrader22
Couple of people have already mentioned that the nzdusd is not reacting right to bad news. This making me very weary of a sharp pullback.
  • #9,756
  • Jul 28, 2015 1:59am Jul 28, 2015 1:59am
and the best part is USDx is strengthening with no regards to AUD and NZD.
  • #9,757
  • Jul 28, 2015 2:08am Jul 28, 2015 2:08am
Quoting bluetoss
NZD is a tough nut to crack, it actually went up the whole morning!!!
How hard it that? Are you a bull or a bear?

If bear, sell rally

If bull, buy dips

Hint: it is sweet spot now for BEAR

This is exactly what you want; do you need a picture?

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #9,758
  • Jul 28, 2015 2:09am Jul 28, 2015 2:09am
bounced from R:nerd:
  • #9,759
  • Jul 28, 2015 2:14am Jul 28, 2015 2:14am
Figured I would post a reply in this thread since I commented earlier.

4-Hour close outside of the descending channel. I personally will be looking to the daily close for confirmation that we may be on the verge of a much larger retracement. A move up would likely largely happen tomorrow and thursday in this scenario not all at once tonight.

Price Action was sudden to break....leads me to believe that new supply and demand are being determined, I would just remain cautious for any that are longing on a break.

Safest longs are around .6650 to .6655

Whether its useful or not I think its worth mentioning that while NZDUSD's price rise broke out of a channel, AUDUSD still remains below its previous support.
  • #9,760
  • Jul 28, 2015 2:23am Jul 28, 2015 2:23am
i see bear only coming for tmr fomc.
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