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NZD/USD

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NZD/USD

  • #11,121
  • Apr 7, 2016 4:27pm Apr 7, 2016 4:27pm
funny part is that retailers are actually hard out short EUR USD, here's the chart, my take is that resistance became support now and building up for a take on 1.1600 now.
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  • #11,122
  • Apr 7, 2016 4:27pm Apr 7, 2016 4:27pm
here's EUR USD retail positioning atm LONG/SHORT. just FYI.
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  • #11,123
  • Apr 7, 2016 5:11pm Apr 7, 2016 5:11pm
Quoting asgcorp
here's EUR USD retail positioning atm LONG/SHORT. just FYI. {image}
hey asgcorp...do u use 60 percent as your threshhold??? i use the tool as well but someone said to use 70 or higher

cheers
  • #11,124
  • Apr 7, 2016 5:17pm Apr 7, 2016 5:17pm
Quoting ninner
{quote} hey asgcorp...do u use 60 percent as your threshhold??? i use the tool as well but someone said to use 70 or higher cheers
yeah 60 is fair enough, it would hardly go to 70 man, so 60 is a good deal.

USDJPY was like 62-65 and look what happened now.
  • #11,125
  • Apr 7, 2016 5:20pm Apr 7, 2016 5:20pm
yup i agree with you...thanks for your input....one thing wil mention is that spot gold looks like it is forming an inverse head and shoulders pattern that may set up higher prices that would mean usd will be lower and nzd has a decent corelation with gold so if this comes about i expect higher prices for nzdusd

cheers
  • #11,126
  • Apr 7, 2016 5:26pm Apr 7, 2016 5:26pm
NZD USD H4 more probable scenario atm. If we do break above 6820 however, consider this very bullish and will void this scenario.
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  • #11,127
  • Apr 7, 2016 5:28pm Apr 7, 2016 5:28pm
Hell guys!
Goodmorning!

Whoaaa...NU really made a tumble this time and the market proved to me a thousand times it's "The Boss"
Well, am still long I guess for all the wrong reason, I guess my strategy sucks or am too hard headed...but then...I will keep scalping this pair all the way up ( if there still a way up), let see...Goodluck for me then?

Goodluck to all buyers! Trade safely my friends!
  • #11,128
  • Apr 7, 2016 5:32pm Apr 7, 2016 5:32pm
Quoting ninner
yup i agree with you...thanks for your input....one thing wil mention is that spot gold looks like it is forming an inverse head and shoulders pattern that may set up higher prices that would mean usd will be lower and nzd has a decent corelation with gold so if this comes about i expect higher prices for nzdusd cheers
yeah could be true, for correlation better check out USD SGD it's got more power atm. Still looking at H4 USD SGD I can't quite work out it's direction.
But you might be interested to know that past 10 years in April USD SGD went down average 250 pips, so since NZD USD and USD SGD are inversely correlated, this could be bullish for NU.

Look it would be cool to jump all in long on NU but atm some technicals just don't stack up. Aussie dollar is also in bear mode, so it's a mixed bag really.
  • #11,129
  • Apr 7, 2016 5:37pm Apr 7, 2016 5:37pm
not expecting much excitement from NU today. Here is the strat for today: sell high is best strat, if we dive lower though, you can buy low and TP @ the high.
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  • #11,130
  • Apr 7, 2016 5:38pm Apr 7, 2016 5:38pm
Quoting Liza J
Hell guys! Goodmorning! Whoaaa...NU really made a tumble this time and the market proved to me a thousand times it's "The Boss" Well, am still long I guess for all the wrong reason, I guess my strategy sucks or am too hard headed...but then...I will keep scalping this pair all the way up ( if there still a way up), let see...Goodluck for me then? Goodluck to all buyers! Trade safely my friends!
yeah good luck, just use a tight stop, no point in getting a drawdown. Best to cut the loosers early and let the winners run.
  • #11,131
  • Apr 7, 2016 5:48pm Apr 7, 2016 5:48pm
I rode that down quite nicely
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Man lie, woman lie, numbers don't
  • #11,132
  • Apr 7, 2016 7:01pm Apr 7, 2016 7:01pm
Quoting asgcorp
{quote} yeah good luck, just use a tight stop, no point in getting a drawdown. Best to cut the loosers early and let the winners run.

Thanks for the good wishes and the advice asgcorp!
I really need all the good luck I can get...
Take care!
  • #11,133
  • Apr 7, 2016 8:15pm Apr 7, 2016 8:15pm
Quoting asgcorp
{quote} yeah good luck, just use a tight stop, no point in getting a drawdown. Best to cut the loosers early and let the winners run.

thats right asgcorp....i agree with you 110 percent...im letting eurgbp long run here which is becoming very profitable

ninner
  • #11,134
  • Apr 8, 2016 12:16am Apr 8, 2016 12:16am
Good afternoon guys!

Am back with my H1 Chart analysis for today, the reason why I stay long in NU pair, not expecting much big move, just few buy scalp every now and then on lower time frames...

Trade safely friends!
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  • #11,135
  • Apr 8, 2016 12:24am Apr 8, 2016 12:24am
its below the cloud on the hourly however, im seeing some bars closing near the highs so it would its worth a shot short term on that tf
longer term time frame is still making higher highs and higher lows the tide is moving out ..and hasnt even done a .382 retracement from the recent swing low to high on daily tf...so that is a market that coiling for another big move up ...just quite choppy right now
  • #11,136
  • Apr 8, 2016 12:33am Apr 8, 2016 12:33am
6735 is the next stop

the drop down to 6760 was nearly 300 pips, the pull back from there was pathetic so a very heavy market, lots and lots of sellers indicated by a weak swing

there is a level at 6735 which will be irresistible to the big cash in the market, tons of orders waiting there, this level is obvious visible on 1h, 2h, 4h

reaction to this level will be key to the future direction for this pair if the reaction is poor then big cash will start selling and looking to make a run to 6594.

Simon
99% of Traders fail, so don't follow the herd
  • #11,137
  • Apr 8, 2016 12:39am Apr 8, 2016 12:39am
long trade is too crowded right now, therefore the money will pull NZDUSD lower
  • #11,138
  • Apr 8, 2016 1:27am Apr 8, 2016 1:27am
Quoting Squiggles
{quote} Not head over heals but a safe fling, so far, lets see how it develops {image}
Back up to 30 pips , profits locked in, no DD. free trade
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  • #11,139
  • Apr 8, 2016 4:21am Apr 8, 2016 4:21am
NZDUSD short possibility
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Man lie, woman lie, numbers don't
  • #11,140
  • Apr 8, 2016 4:24am Apr 8, 2016 4:24am
Quoting Squiggles
{quote} Back up to 30 pips , profits locked in, no DD. free trade {image}
Mixed signals Sir
It is crawling up on phi 62 but strongly rejected at the level posted yesterday
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