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NZD/USD

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NZD/USD

  • #11,241
  • Apr 15, 2016 8:35am Apr 15, 2016 8:35am
Altered my plan a little bit, closed my position at .6921 mainly because oil and gold don't seem to be going anywhere fast. Also, I have the worst luck trading on Fridays. I still have a long bias on nzd, so I will be looking for opportunities to buy next week. But if nzd gets to the previous hourly high at around .6886 today, I might enter a small long and hold through the weekend.
  • #11,242
  • Apr 15, 2016 8:45am Apr 15, 2016 8:45am
Quoting Nolan5
Altered my plan a little bit, closed my position at .6921 mainly because oil and gold don't seem to be going anywhere fast. Also, I have the worst luck trading on Fridays. I still have a long bias on nzd, so I will be looking for opportunities to buy next week. But if nzd gets to the previous hourly high at around .6886 today, I might enter a small long and hold through the weekend.
agreed, it really lost momentum this morning. Locked in profits from last night because of oil slowed but I still think it has a bit to go before the decline. We will see, what a challenging game! Good luck 💪
  • #11,243
  • Apr 15, 2016 3:20pm Apr 15, 2016 3:20pm
bearish rising wedge on NZD USD, longs be careful now.
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  • #11,244
  • Apr 15, 2016 3:29pm Apr 15, 2016 3:29pm
expecting AU and NU to sell off Monday on weak chinese GDP data. This could trigger a big sell off.
  • #11,245
  • Apr 15, 2016 3:47pm Apr 15, 2016 3:47pm
updated EW count on NZD USD fyi.
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  • #11,246
  • Apr 15, 2016 8:51pm Apr 15, 2016 8:51pm
still holding my long.....nicely above the cloud and trending....cant predict the future but my view minus short term flucutations going higher....also short usdcad

best
  • #11,247
  • Apr 16, 2016 4:42am Apr 16, 2016 4:42am
having reviewed NZD USD H4 chart fairly confident that another push higher is still coming up, a safe play is buying upon retrace into 6880-90 region SL 25 TP +100 points.

Overall NZD USD looks like topping out, so don't take your chances beyond 6980, yes we can still push +-40-60 pips above that level, however the price action will get very volatily beyond 7000, there is simply no fuel left in NU to propell this any further.
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  • #11,248
  • Apr 16, 2016 10:29am Apr 16, 2016 10:29am
sorry ag i dont agree...we confirmed a primary bull market 2 weeks ago....and if a person wasnt sure ..we reconfirmed this week so until the lows are taken out we are going higher....so use proper money management and trade with the trend.....we will see how it shakes and bake
  • #11,249
  • Apr 16, 2016 11:05am Apr 16, 2016 11:05am
Quoting ninner
sorry ag i dont agree...we confirmed a primary bull market 2 weeks ago....and if a person wasnt sure ..we reconfirmed this week so until the lows are taken out we are going higher....so use proper money management and trade with the trend.....we will see how it shakes and bake
look that's fine everyone is entitled to have their own opinion. bull market right? So do you have a target on the long side for this bull market? Is it 7500 8000 8500?

My take is clear on the charts and I will reinforce it once again. NZDUSD is not going to trade above 7050 this quarter. We will push / max out close to 7050 and then sell off hard to 6500-6600.

There is no bull market in NZD USD period. No fundumentals support this claim.

Put 7050 on your chart and watch this level next few sessions.
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  • #11,250
  • Edited 11:40am Apr 16, 2016 11:13am | Edited 11:40am
COT data is neutral on NZD USD. So there is no uptrend. If you have an uptrend the net long position will grow. This is not the case with NZD USD. see attached.
If you are betting hard on commodity currencies look elsewhere (AUD USD).

PS: It's scotiabank COT data report for the current week. It's not a trojan, feel safe to download. )))
Attached File(s)
File Type: pdf IMM.pdf   581 KB | 510 downloads
  • #11,251
  • Edited 5:17pm Apr 16, 2016 5:05pm | Edited 5:17pm
Good Sunday everyone! (hehehe, happy weekend! to all)

Good morning from me to all kiwi lovers in the world!

I will try Selling NU pair this week, I still got 0.6955...0.6975 and 0.7000 as Sell limits...

I will keep buying this pair until it reach 0.6945 and then stop and observe in the sideline if the market will hit my Sell limit... so I got my plan laid out for me to follow tomorrow Monday, let see if I can follow them. For all I know am still lacking discipline and patience...

Goodluck to all traders! Happy hunting pips for tomorrow Monday..! Take care all!
  • #11,252
  • Apr 17, 2016 2:51am Apr 17, 2016 2:51am
But also at these levels now that I'm watching Friday's close, in the DAILY charts I see it has formed a pattern named "evening star" ehich obviously here all are experts and know what it is , but for my fellow traders I will explain ...it is a green candle at a high, followed by a doji or indecision and then a Red candle close the same size of the first green candle . This pattern deos Not mean it will falló, But as it own name tells us that this is a "sign" that the night "might" be coming.. Here to be safe and this is a SUOER SAFE TRADE you should "sell the closest to the TOP OF THE PATTERN including the highest the WICK of the doji" and place a STOP LOSS at the highest high the Center doji candle made. Happy trading to all. God bless you all .for a target around 100-200 pips . And still with this trade I will place my NEXT trade with a sell position at .7200 for a LARGER CORRECTION.
  • #11,253
  • Apr 17, 2016 4:05am Apr 17, 2016 4:05am
Quoting Liza J
Good Sunday everyone! (hehehe, happy weekend! to all) Good morning from me to all kiwi lovers in the world! I will try Selling NU pair this week, I still got 0.6955...0.6975 and 0.7000 as Sell limits... I will keep buying this pair until it reach 0.6945 and then stop and observe in the sideline if the market will hit my Sell limit... so I got my plan laid out for me to follow tomorrow Monday, let see if I can follow them. For all I know am still lacking discipline and patience... Goodluck to all traders! Happy hunting pips for...
hey Liza how are you? You pretty much got it figured out. I've got similar levels for this week - short @/around 7000 area before that if we get a re-test @ 6880-90 we can go long TP 7000.

Also to be sure AUD USD is closing out on it's mid-term top around 7780 area, while NZD USD is not 100% correlated to AU, AU sell-off once we hit 7780-7800 will likely trigger a sell-off in NZD USD also.

So yeah, my take remains bearish both AUDUSD and NZDUSD, AU got more strength atm, but whatever comes up eventually will come down.
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  • #11,254
  • Edited 10:52am Apr 17, 2016 10:30am | Edited 10:52am
7000-7050 just put that level on the charts. I can't nail it closer, but this level will see a major reversal. Initial target on downside is 6500.

NZD USD 7000-7050
AUD USD 7780-7820
  • #11,255
  • Apr 17, 2016 10:59am Apr 17, 2016 10:59am
NZD USD sell, Cpi the data will be tough. 68.500 - 68.000
  • #11,256
  • Apr 17, 2016 2:24pm Apr 17, 2016 2:24pm
Watching the developments this week.
  • #11,257
  • Apr 17, 2016 2:27pm Apr 17, 2016 2:27pm
Hello thread
We are now 1h37m from Sydney open, xe.com shows 0.68785, closed on friday 0.69202
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  • #11,258
  • Apr 17, 2016 2:30pm Apr 17, 2016 2:30pm
Quoting Karpa
Hello thread We are now 1h37m from Sydney open, xe.com shows 0.68785, closed on friday 0.69202 {image}
yeah looks legit. aussie and cad were hit the hardest pre-market at least. 100+ points.
  • #11,259
  • Apr 17, 2016 2:31pm Apr 17, 2016 2:31pm
why?

maybe "Doha oil talks conclude without an agreement - RTRS source"
http://news.forexlive.com/!/doha-tal...ource-20160417
  • #11,260
  • Apr 17, 2016 2:33pm Apr 17, 2016 2:33pm
Quoting Karpa
why?
Doh. ))) Doha meeting bro. The big boys drank some vodka and the deal was cancelled.
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