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NZD/USD

  • #10,961
  • Mar 30, 2016 6:57am Mar 30, 2016 6:57am
Quoting Blackopal
{quote} Last week the USD ran up against most currencies for the whole week, supposedly because US officials talked up the prospect of an interest rate increase. Today the USD is down against most currencies because of what Yellen said. Will the reaction from her words, a higher ranking, much more influential official, carry less impact than the reaction we saw last week? I'm inclined to expect the USD to weaken further for a day or two, at least.
Good point Blackopal. I depend on the chart to tell the story. I believe the sm already know the fundamentals more than not before news announcements etc. There was really no strong short signal for me, It was more playing the odds off of the resistance level. If it breaks back above the high I'm out.
  • #10,962
  • Mar 30, 2016 7:10am Mar 30, 2016 7:10am
Quoting KiwiBuck
{quote} Lol you know, it's funny. All those times I tried to apply the candle patterns, they rarely work. =P
Kiwi, yes I agree with you on the bars for the most part. My only reservation was there wasn't any volume there to back them up. It was more of a calculated risk move for me off the level based on the background. Im always anticipating how the sm is going to attempt to fleece us retailers.
  • #10,963
  • Mar 30, 2016 7:39am Mar 30, 2016 7:39am
Quoting mikespips
{quote} Good point Blackopal. I depend on the chart to tell the story. I believe the sm already know the fundamentals more than not before news announcements etc. There was really no strong short signal for me, It was more playing the odds off of the resistance level. If it breaks back above the high I'm out.

I played the odds with the short at first too. On reaching the level of previous highs, I think usually there is at least a temporary pullback, and maybe a bigger one. So if a tight stop is used, there is a good risk reward potential to go short first. If price breaks past old high and takes out SL, it usually pulls back to old high or close to it before running up, so if you're quick, it's possible to switch to long, again tight stop in case it's a false break, and again a pretty good R/R because there's usually a solid run after breach.
  • #10,964
  • Mar 30, 2016 7:41am Mar 30, 2016 7:41am
It's really going sideways.
  • #10,965
  • Mar 30, 2016 10:53am Mar 30, 2016 10:53am
im still long nzdusd and staying long...going alot higher might as well ride it for all its worth
  • #10,966
  • Mar 30, 2016 11:14am Mar 30, 2016 11:14am
http://www.forexfactory.com/showthre...82#post8843082

Somewhat longer-term technical picture.

Attached Image (click to enlarge)
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  • #10,967
  • Mar 30, 2016 1:17pm Mar 30, 2016 1:17pm
Would like to see NY closing below 0.6900
Attached Image (click to enlarge)
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  • #10,968
  • Mar 30, 2016 1:17pm Mar 30, 2016 1:17pm
Quoting Ill-b-back
{quote} Das faarrgging awesome Sir Sqiggles {image} {image}
Thank you Ill be, as above so below weekly is + another 50 pips but by last swing high finding 618 this extra push was a tad brazen
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  • #10,969
  • Mar 30, 2016 2:51pm Mar 30, 2016 2:51pm
NZD USD getting top heavy be careful if yous on the long side, H4 Wolfe Wave setup, there is a minor chance we push higher still to 7000, but it would be a definite reversal point for NZDUSD. The climb was steep and surprising the descent would be pretty much the same way.
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  • #10,970
  • Mar 30, 2016 2:53pm Mar 30, 2016 2:53pm
the ascent was steep.....?????? lol...it just broke out ...what tf are u looking at the 1 min lol
  • #10,971
  • Mar 30, 2016 2:55pm Mar 30, 2016 2:55pm
aud usd H4 is pretty much the same pattern wolfe wave and about to reverse.
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  • #10,972
  • Mar 30, 2016 2:59pm Mar 30, 2016 2:59pm
Quoting ninner
the ascent was steep.....?????? lol...it just broke out ...what tf are u looking at the 1 min lol
you learn some respect there come back and post something useful. Above chart is H4.

I also called 6900 level before price got there this weekend. What's your contribution there buddy besides posting some post-fact commentary?
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  • #10,973
  • Mar 30, 2016 3:01pm Mar 30, 2016 3:01pm
well look at a daily chart..it just broke out....going to the 2011 highs...that is my contribution...now you show some respect
  • #10,974
  • Edited 7:10pm Mar 30, 2016 6:58pm | Edited 7:10pm
Speculating on a potential retracement, the candles with fibos are all +/- the same size and they retraced at least 61.8% on the following week.
Assuming we don't make a higher high and that history repeats itself.. we could still visit 0.6780
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  • #10,975
  • Mar 30, 2016 7:21pm Mar 30, 2016 7:21pm
Quoting Karpa
Speculating on a potential retracement, the candles with fibos are all +/- the same size and they retraced at least 61.8% on the following week. Assuming we don't make a higher high and that history repeats itself.. we could still visit 0.6780 {image}

Nice chart Karpa, clean...simple and sleek!
I love if the price will revisit 0.6780 again....party time then...
I guess the market looks like ready to reached 0.7000 either today or tomorrow....just my 2 cent worth of guess, I could be wrong am rarely right,hahaha Trade safely my friends!
  • #10,976
  • Mar 30, 2016 7:48pm Mar 30, 2016 7:48pm
Quoting Liza J
{quote} Nice chart Karpa, clean...simple and sleek! I love if the price will revisit 0.6780 again....party time then... I guess the market looks like ready to reached 0.7000 either today or tomorrow....just my 2 cent worth of guess, I could be wrong am rarely right,hahaha Trade safely my friends!
Please take this as speculation.. too many assumptions were made
..taking a nap now
  • #10,977
  • Mar 30, 2016 8:38pm Mar 30, 2016 8:38pm
NZ is geopolitically stable and has decent rate comparing to the others. Profit taking pull back would be a good oppotunity to buy back if you missed the bus. It's very attractive currency among investors for the time being and therefore won't easily be abandoned. Buy and hold for an extended period time is also a good and safe approach I think....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,978
  • Mar 30, 2016 9:09pm Mar 30, 2016 9:09pm
sold NU

Has a long term tech target 0.58
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #10,979
  • Mar 30, 2016 9:22pm Mar 30, 2016 9:22pm
I wouldn't buy into the retest of that resistance / wedge / fib / 200ema

No Sir
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #10,980
  • Mar 30, 2016 10:21pm Mar 30, 2016 10:21pm
.6900 looks like a pretty powerful resistance level on the weekly chart for now. I prefer downside from here.
Attached Image (click to enlarge)
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