Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
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DislikedBad GDP numbers this morning just adding to the ordinary fundamentals coming out of New Zealand, the clocks ticking on this pair its only a matter of time before the 69 handle will be on the radar again my estimate middle of Q1 2011.
SimonIgnored
DislikedBad GDP numbers this morning just adding to the ordinary fundamentals coming out of New Zealand, the clocks ticking on this pair its only a matter of time before the 69 handle will be on the radar again my estimate middle of Q1 2011.
SimonIgnored
DislikedGood morning
I am short with 1/2 position at 0,74500 during asian session.Falling 200 ma on hourly chart indicates that sellers are temporarily in control.A bit skeptical about this position because eurusd is quite oversold,but was bid up strong during asian session usually bad sign for euro.Ignored
DislikedIf euro is bottoming out than those bad numbers will be forgotten,I am afraid that my short position will be destroyed,but technicals are still bearish.Ignored
DislikedEuro is bouncing up cause of no liquidity in my opinion when the big dogs return from holidays, overstretched banks, countries etc etc will be just another reason to keep selling. For me its not about selling euro its about finding a reason to buy it.
Anyway back to NZD, its not just one bad GDP number if like me you follow the data and trade long term according to the data and the technicals you would know that for the past few months good news and New Zealand haven't exactly been good friends, I said a few posts back that this thing would bounce...Ignored
Plus external factors which seems headwinds kiwi prevents pushing up:
In my opinion we should watch out kiwi's GDP once it began to show some sings of tendency to northern territory (expansion) as long as US reached to its limits again in the future then again I could say kiwi has some appetite to be treated around 0.8 cents level.
P.S: You might want to take look at some these analysis which gives you better imagine about what I say at least about short term:
DislikedGood morning all
Took another 1/2 position at 0,74900.Do not feel good about this position because aud is completely different story,not to mention tired bears on eurusd.Ignored
DislikedHi all
I have decided to close this position ,market gave me a chance to get away without huge loss.Nzdusd in the support area i am thinking to switch to the long side.Ignored
DislikedKiwi reversed but this won't last long I think it hasn't bottomed yet.this short live bulish run probably ends around 7630 and would turn around again heading for the bottom which is above 7500 area more specifically between 7530 to 7500.Ignored
DislikedKiwi reversed but this won't last long I think it hasn't bottomed yet.this short live bulish run probably ends around 7630 and would turn around again heading for the bottom which is above 7500 area more specifically between 7530 to 7500.Ignored
DislikedTomorrow(Jan.11) Kiwi along with all growth linked counterparts will blow up.
I'm expecting a short break in Tokyo session but party is going to be started right after PIIGS bond auction.
China already promised buy some so surely auction will be successful.
Market cheer up to be expected mid London session and through out the New York session too.
Target range as I said earlier: 7690-7707 then again bears are going to steer till end of January.Ignored