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NZD/USD

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NZD/USD

  • #11,721
  • Jun 8, 2016 12:12pm Jun 8, 2016 12:12pm
Gearing up for resuming downtrend ..... soon
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily 8Jun16.png Size: 41 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #11,722
  • Jun 8, 2016 1:17pm Jun 8, 2016 1:17pm
What do you think is the best approach for the upcoming NZD news event?
>> Market Execution - Buy or Sell ?
>> Pending Order - Sell Limit or Buy Limit ?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 46 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #11,723
  • Jun 8, 2016 1:31pm Jun 8, 2016 1:31pm
Quoting v2vboni
What do you think is the best approach for the upcoming NZD news event? >> Market Execution - Buy or Sell ? >> Pending Order - Sell Limit or Buy Limit ? {image}
Stay out unless your already in
  • #11,724
  • Jun 8, 2016 2:24pm Jun 8, 2016 2:24pm
If they change the rate I look for a sell off 7050 area from a spike. It's all guess work.
  • #11,725
  • Jun 8, 2016 2:38pm Jun 8, 2016 2:38pm
Hello Guys...

I see some serious downward potential in kiwi.

I think it's going to finish the fifth wave as you can see in the chart.

So I did all my setups on sell position in 2 possible scenario in my own view.

Here are the scenarios:

1.RBNZ remains on hold which means no rate cut happens but Mr.Wheeler comes with a dovish tone.:nerd:

2. RBNZ comes with a 25bps rate cut and boooommm...
Attached Image (click to enlarge)
Click to Enlarge Name: NZSUSD.jpg Size: 173 KB
There's no harm in being smtm wrong especially if one is promptly found out
  • #11,726
  • Jun 8, 2016 2:43pm Jun 8, 2016 2:43pm
I don't use Retail sentiment as a guidance at all on my trades but too many people are ranting shorts on NU - big resistance currently and I'm short until close above the 0.7050 but I bet 10pm comes and fucks me up
rate cut and I'm holding and adding to my position until 0.64
  • #11,727
  • Jun 8, 2016 3:23pm Jun 8, 2016 3:23pm
Get ready, 35 minutes to go for RBNZ announcement
  • #11,728
  • Jun 8, 2016 3:49pm Jun 8, 2016 3:49pm
Triple top either way on the Daily? we are already into 78 on the RSI
looking to sell in the .7050 range
forex forex forex
  • #11,729
  • Jun 8, 2016 4:01pm Jun 8, 2016 4:01pm
lol market is closed and i can't place an order
it rubs the lotion on its skin
  • #11,730
  • Jun 8, 2016 4:02pm Jun 8, 2016 4:02pm
Greed wins
  • #11,731
  • Jun 8, 2016 4:09pm Jun 8, 2016 4:09pm
alll those who were long, well done
  • #11,732
  • Jun 8, 2016 4:10pm Jun 8, 2016 4:10pm
http://www.rbnz.govt.nz/monetary-pol.../mps-june-2016

"The exchange rate is higher than appropriate given New Zealand’s low export commodity prices. Together with weak overseas inflation, this is holding down tradables inflation. A lower New Zealand dollar would raise tradables inflation and assist the tradables sector."

But ehh...lets keep it where its at?? LOL
  • #11,733
  • Jun 8, 2016 4:10pm Jun 8, 2016 4:10pm
Quoting Freelve
alll those who were long, well done
Yes true and i made substantial profits in this time
FXOpen - International True ECN Broker
  • #11,734
  • Jun 8, 2016 4:16pm Jun 8, 2016 4:16pm
Quoting raiders
http://www.rbnz.govt.nz/monetary-pol.../mps-june-2016 "The exchange rate is higher than appropriate given New Zealands low export commodity prices. Together with weak overseas inflation, this is holding down tradables inflation. A lower New Zealand dollar would raise tradables inflation and assist the tradables sector." But ehh...lets keep it where its at?? LOL
so whats the idea then? NU shot up because...? perhaps 12 oclock press conference will ram it back down again
  • #11,735
  • Jun 8, 2016 4:24pm Jun 8, 2016 4:24pm
Quoting Don96
{quote} so whats the idea then? NU shot up because...? perhaps 12 oclock press conference will ram it back down again
Highly doubt it. The interest rate stayed the same as expected. Trend is up. Next target 0.71xx. First support 0.7000
  • #11,736
  • Jun 8, 2016 4:25pm Jun 8, 2016 4:25pm
anouncment last night was 20 billion to be spent buying navey ships by nz government i put buy on soon as i hear this ,someone talking up nzd for themselves and me lol now i have 4 weeks off
  • #11,737
  • Jun 8, 2016 4:26pm Jun 8, 2016 4:26pm
Quoting Freelve
{quote} Highly doubt it. The interest rate stayed the same as expected. Trend is up. Next target 0.71xx. First support 0.7000
weekly trend is down still... sideways is where its at weekly, Daily is up, but new high has been made, after that its down, picking the top of the high is what I like to do so ill give it some shots
  • #11,738
  • Jun 8, 2016 4:26pm Jun 8, 2016 4:26pm
Quoting calderone
Greed wins
greed is good
it rubs the lotion on its skin
  • #11,739
  • Jun 8, 2016 4:27pm Jun 8, 2016 4:27pm
Use every dip as a buy as long as we above 0.6900 support. Trend is up
  • #11,740
  • Jun 8, 2016 4:29pm Jun 8, 2016 4:29pm
Quoting big-cheez
{quote} greed is good
Haha! Gordon Gekko
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