NZD/USD

Entry 1 triggered

You got balls: It looks so heavy - remember Sunday 4:45pm Eastern NZDRetail Sales q/q - markets don't open to trade till 5:00 pm Eastern (at least for me(

Doesn't matter the price will retrace to the opening 99% of the times.

True - but it doesn't mater if trader gets stopped - be interesting to see -
still short from .67509 & .67336

The market can take into consideration the US bad data in the beginning of the following week, so go long makes sense

NU WEEKLY

Hi Barca,

Can you attach your industry actors with template or let me know where I can get these. Looks interesting. Thank you!

indicators you mean??

I see only reasons to short here :

...me long...

There are some chances in your favor, but for my view , i prefer wait for short. If price rise above , I will wait patiently for sell only .

Yes shorts for me, NZ Dollar is weak across the board.

flat - took profits - No follow thru at .65.... now watch it follow with out me

hahahahaha I just read what I wrote. Sorry was typing from my mobile phone and was in a rush so I didn't have to to look at what I posted. Funny auto correct.

Yes please. What indicators are on the chart?? Can you post the indicators and template? Thank you my friend.

NZD inflation remains steady and no chance for NZ to cut rates.

Also A2 formula in strong demand and this is great news for dairy industry.

NZD/USD looks to have a softish tone about it.
This could be from a sizeable market order due to liquidity.

Fundamentally NZD is sound.

I remain short AUD/NZD until the cows come home

NZD: The Kiwi has seen more pressure lately with declining dairy prices and lower employment figures. We remain bearish on this currency. GDP for Q2 missed estimates at 0.4%, however this is up from 0.2% growth in Q1. CPI for Q3, released October 15, was 0.3%, and 0.4% y/y. Rates were held steady at the October 29 rate decision, however dovish comments in the statement was repeated, stating that “some further reduction in the OCR seems likely”. GDT, released November 3, showed the second consecutive fortnight of declines of 7.4%, following 3.1%. This weighed on NZD and increases chances of a RBNZ cut in December. Employment figures for Q3 grossly missed estimates; Employment Change came in a -0.4% versus the expected +0.4%, Unemployment ticked up to 6%, as expected, and Labour Costs missed at 0.4% versus 0.5%. This miss increases bearish sentiment on NZD. The biannual Financial Stability Report, released on November 11, stated that risks to the economy have increased and cited the slowdown in China and lower dairy prices.

USD: The greenback remains the strongest currency in the longer term as the market currently expects the Fed to raise rates in late 2015 or early 2016. The FOMC needs to be reasonably confident about inflation tracking towards 2% before increasing the fed funds target rate for the first time in nearly a decade. On October 15, CPI for September came in unchanged for the year while Core CPI ticked up to 1.9%. The Fed kept rates on hold at the October 28 meeting, and struck a hawkish tone with the statement suggesting a rate rise at the December meeting is quite possible. Advance GDP for Q3 slightly missed estimates at 1.5% versus 1.6% expected. The employment release for October, released November 6, came in much better than expected across all three major components; Non-Farm Payrolls came in at 271,000 versus 180,000 expected, Average Earnings at 0.4% versus 0.2% expected, and the Unemployment Rate at 5% versus 5.1% expected. Fed Funds futures implied probability for a December 16 rate hike jumped from 30% to near 70%, after the NFP release. Accordingly the USD boomed across the board. The Fed have given strong and clear signals to the market via their various means of communication during October and November that they intend to increase the Fed Funds target rate by 25 basis points to 0.50% very soon, and the December meeting is a good opportunity to do so.

2 sell entries yesterday at breakout. Both orders are now covered if price rise up and hit SL I should lose 0%.

USDJPY is what we will be discussing only?

Hi GDI,
I've attached the files. the Signal Goblin excel will help to calculate the pivot and entries of your order any pair.Just key in the High, Low and close of the previous DAILY CANDLE.
For rest of the attached indicators if all turns BLUE THEN BUY
If all turns RED THEN SELL.
But if you are an aggressive trader you can just use the Super trend profit indicator

awesome thanks for taking the time to do this.