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NZD/USD

  • #10,921
  • Mar 29, 2016 10:14am Mar 29, 2016 10:14am
It either blocks again at this price and goes down, or it finally goes thru... It's a pretty good risk/reward ratio at this point.
  • #10,922
  • Mar 29, 2016 3:51pm Mar 29, 2016 3:51pm
So the NZD jumps on nothing and then a few hours later we see some real good data.

Suspicious?


I have been saying for awhile now the NZ economy is streets ahead of the Australian economy so the cross should move lower.
  • #10,923
  • Mar 29, 2016 4:27pm Mar 29, 2016 4:27pm
Quoting lasty
So the NZD jumps on nothing and then a few hours later we see some real good data. Suspicious? I have been saying for awhile now the NZ economy is streets ahead of the Australian economy so the cross should move lower.
NZ and Australian economies are relatively healthy and their rates are very attractive. When you see NU and AU WK charts, there are still huge room to move up.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,924
  • Mar 29, 2016 4:49pm Mar 29, 2016 4:49pm
Quoting heispark
{quote} NZ and Australian economies are relatively healthy and their rates are very attractive. When you see NU and AU WK charts, there are still huge room to move up.

http://www.abc.net.au/news/2016-03-2...-mount/7281782

Id say Australia isn't healthy as it appears with ABS data .. I would say that the market knows best and there are major concerns.
Government wont take tough measures ahead of an election year.
  • #10,925
  • Mar 29, 2016 5:22pm Mar 29, 2016 5:22pm
i told you that nzdusd was going higher...in fact this pair is going alot higher...im still holding ....ARE YOU?????
  • #10,926
  • Mar 29, 2016 5:27pm Mar 29, 2016 5:27pm
Quoting ninner
i told you that nzdusd was going higher...in fact this pair is going alot higher...im still holding ....ARE YOU?????
How high do you think it's gonna go?
  • #10,927
  • Mar 29, 2016 5:33pm Mar 29, 2016 5:33pm
Quoting ninner
i told you that nzdusd was going higher...in fact this pair is going alot higher...im still holding ....ARE YOU?????
Will crash soon Since we all know that FX is manipulated, this is hopeless attempt to make shorts give up. Leverage and MM is key here, the top is around the corner, and we'll see
  • #10,928
  • Mar 29, 2016 5:38pm Mar 29, 2016 5:38pm
Short .6876 Top of sideways ranging channel
  • #10,929
  • Mar 29, 2016 6:47pm Mar 29, 2016 6:47pm
Quoting Blackopal
Short .6876 Top of sideways ranging channel
Im short also .685

I closed out my previous short of ..681 that I held from the 18th to the 28th made 140 pips.

Not sure where it will go now but seems like another good position to short NZD
20 Pips a day keeps centerlink away
  • #10,930
  • Mar 29, 2016 7:01pm Mar 29, 2016 7:01pm
Quoting PaulDaemon
{quote} Im short also .685 I closed out my previous short of ..681 that I held from the 18th to the 28th made 140 pips. Not sure where it will go now but seems like another good position to short NZD
I agree I'm short too. It appears to be a popular choice at this level. Probably a boat load of stop losses above the resistance level. I wouldn't be surprised to see a shakeout/stop loss hunt above before we get a substantial move back down.
  • #10,931
  • Mar 29, 2016 8:14pm Mar 29, 2016 8:14pm
Well, if you look at 1H chart, there is a hammer doji, followed by a conformation, at the resistance level circa 0.685. Also, at the 1D chart, there was a huge movement at 03/29. Big candles like that are usually followed by the movement in the opposite direction.

On top of that, everyone is trading down, so I just might as well.

If my reasoning is wrong, please comment.
Attached Image (click to enlarge)
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  • #10,932
  • Mar 29, 2016 8:56pm Mar 29, 2016 8:56pm
"Her dovish comments reignited the decline in the dollar and we believe there could be further losses including a move to 112 for USD/JPY and a rally to 1.1350 for EUR/USD before stabilization. Fridays non-farm payrolls report is the next major market mover for the dollar but unless it is unambiguously positive with average hourly earnings rising 0.4% or more, the greenback will have a difficult time recapturing its prior gains."
http://www.bkassetmanagement.com/fea...sh-wings_9328/

Longing USD at this time doesn't look very good idea......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,933
  • Mar 29, 2016 9:59pm Mar 29, 2016 9:59pm
im glad im seeing soo many shorts.....makes me feel better to be long....
  • #10,934
  • Mar 29, 2016 10:28pm Mar 29, 2016 10:28pm
Quoting Blackopal
Short .6876 Top of sideways ranging channel
Out at .6846 pending Short .686
  • #10,935
  • Mar 29, 2016 11:08pm Mar 29, 2016 11:08pm
Hello traders...kiwi lovers...good day!

Wow, so Kiwi really made a jump North too bad it fail to reach 0.6900 earlier, maybe later it will do a second attempt.
I see you already had Long and short positions...Trade safely friends! As for me am undecided. I will go long if this pair
will reach 0.6815 first or much lower levels and short it if the price reached 0.6900 just to be on the safe side.

Take care all!
  • #10,936
  • Mar 29, 2016 11:36pm Mar 29, 2016 11:36pm
Quoting Liza J
Hello traders...kiwi lovers...good day! Wow, so Kiwi really made a jump North too bad it fail to reach 0.6900 earlier, maybe later it will do a second attempt. I see you already had Long and short positions...Trade safely friends! As for me am undecided. I will go long if this pair will reach 0.6815 first or much lower levels and short it if the price reached 0.6900 just to be on the safe side. Take care all!
  • #10,937
  • Mar 29, 2016 11:49pm Mar 29, 2016 11:49pm
Quoting Liza J
Hello traders...kiwi lovers...good day! Wow, so Kiwi really made a jump North too bad it fail to reach 0.6900 earlier, maybe later it will do a second attempt. I see you already had Long and short positions...Trade safely friends! As for me am undecided. I will go long if this pair will reach 0.6815 first or much lower levels and short it if the price reached 0.6900 just to be on the safe side. Take care all!
I agree Liza. The fact that it is testing top of channel again so close to test on 18th this month is bullish. I have tight SL on my short, will switch to long if it makes breakout
  • #10,938
  • Mar 29, 2016 11:59pm Mar 29, 2016 11:59pm
Quoting Blackopal
{quote} I agree Liza. The fact that it is testing top of channel again so close to test on 18th this month is bullish. I have tight SL on my short, will switch to long if it makes breakout

Whoops! I didn't read your post closely enough! If it reaches 6900 I would not short. If it goes there I think it will keep going higher.
  • #10,939
  • Mar 30, 2016 12:08am Mar 30, 2016 12:08am
Grahame Wheeler It is annoyed. Even so nervous what reason, he just followed the rise. World's most passive central bank chief
  • #10,940
  • Mar 30, 2016 12:13am Mar 30, 2016 12:13am
Quoting Blackopal
{quote} Whoops! I didn't read your post closely enough! If it reaches 6900 I would not short. If it goes there I think it will keep going higher.

Why not short at 0.6900 level...hmmm?
Do you think it will reach 0.6945 today? I have doubts but then it's possible......currently the price already started to go North...
So the best level to short is 0.6925 or 0.6945...and 0.6965..am I right?
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