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NZD/USD

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NZD/USD

  • #10,521
  • Dec 23, 2015 12:09pm Dec 23, 2015 12:09pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #10,522
  • Dec 24, 2015 3:07am Dec 24, 2015 3:07am
Y is it going up even after rate cut? Can any one explain.
  • #10,523
  • Dec 24, 2015 4:09am Dec 24, 2015 4:09am
Quoting a16908
Y is it going up even after rate cut? Can any one explain.
The FED raised the rates and US is going down, should go up right? It doesn't necessary mean the currency pair will strength or devaluate because of a rate cut/increase. There are other reasons for that, look at the charts, look at what the technicals want to tell you, right now, nzd/usd is trying to break structure and target higher levels, go to the higher TFs such as the Monthly, Weekly and Daily TFs to look for direction, see my previous posts from the Weekly TF, this pair is touching the long term downward trendline, if it breaks and closes above, it will keep going up, if rejects, we may have nice dips to previous support.

To me fundamentals are there to fulfill the technicals faster and aggressive, (excluding events such as QE, clearly devaluation/strength of a currency by the central banks, global crisis, ) but what's really driving the market is the technical.

Be always ready for the high impact news, but don't forget to look at the technicals, they will tell you what to do.

Happy pips everyone.

Fx 35
  • #10,524
  • Dec 24, 2015 7:00am Dec 24, 2015 7:00am
Quoting Fx 35
{quote} The FED raised the rates and US is going down, should go up right? It doesn't necessary mean the currency pair will strength or devaluate because of a rate cut/increase. There are other reasons for that, look at the charts, look at what the technicals want to tell you, right now, nzd/usd is trying to break structure and target higher levels, go to the higher TFs such as the Monthly, Weekly and Daily TFs to look for direction, see my previous posts from the Weekly TF, this pair is touching the long term downward trendline, if it breaks...
I agree and case it happens I'm looking for 0.716 or 0.72 max
  • #10,525
  • Dec 24, 2015 7:02am Dec 24, 2015 7:02am
wedge
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_H4.gif Size: 231 KB
  • #10,526
  • Dec 24, 2015 7:39am Dec 24, 2015 7:39am
short term view
Market is running on low volume so volatility is expected
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.H1.png Size: 30 KB
  • #10,527
  • Dec 24, 2015 7:56am Dec 24, 2015 7:56am
merry Christmas, watch out for the Christmas monster this coming break due to low volume
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  • #10,528
  • Dec 24, 2015 10:31am Dec 24, 2015 10:31am
andddddd we have lift off
  • #10,529
  • Dec 24, 2015 10:33am Dec 24, 2015 10:33am
68350 critical level has been exceeded
  • #10,530
  • Dec 24, 2015 10:36am Dec 24, 2015 10:36am
indeed
waiting for retrace and reload
  • #10,531
  • Dec 24, 2015 12:58pm Dec 24, 2015 12:58pm
Gah flippin' Oanda just scalped my NZD/USD trade. Magically bumped the spread almost twenty pips to close the hour! Any reason that would happen at 2pm EST?
  • #10,532
  • Dec 24, 2015 2:51pm Dec 24, 2015 2:51pm
Question is has wave 4 already ended at 10/15 or are we near the end of a wave B of a larger X-wave which I think is unfolding.

Either way I reckon complex correction is almost finished and substantial move down coming up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 44 KB
Click to Enlarge Name: NZDUSDH1.png Size: 52 KB
  • #10,533
  • Dec 25, 2015 1:37am Dec 25, 2015 1:37am
Quoting Karpa
indeed waiting for retrace and reload
68350 below the figure was worse off...
  • #10,534
  • Dec 26, 2015 9:43am Dec 26, 2015 9:43am
Good move last week.
  • #10,535
  • Dec 27, 2015 5:58am Dec 27, 2015 5:58am
Quoting ben82
{quote} 68350 below the figure was worse off...
Yea I'm ST bullish biased, hope I'm not completely wrong
  • #10,536
  • Dec 28, 2015 10:30am Dec 28, 2015 10:30am
The main downward trend which started on 10/07/2014, broken upward.

up up up 71, won a long
  • #10,537
  • Dec 28, 2015 10:45am Dec 28, 2015 10:45am
There is a possibily that it will form a double top here, but if it breaks above 0.6895 it will probably continue towards 0.7100.
  • #10,538
  • Dec 28, 2015 11:11am Dec 28, 2015 11:11am
Watching GBPNZD also. Looking like there might be a double bottom on there. Only time will tell...
  • #10,539
  • Dec 29, 2015 2:25am Dec 29, 2015 2:25am
71 began the journey to the destination
  • #10,540
  • Dec 29, 2015 4:35am Dec 29, 2015 4:35am
maybe some retrace now?
H4 is overbought and mkt seems confused
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