Well it just broke 7770. Now I need to really look at this. 7750 should be doable.

Why is NZD so strong??

So this thing is around where I took it short yesterday before the housewives bailed it out & knocked me out of my short. Should I go short again with the Bad Business confidence news? Hmm. let's see if it hits 7770 first. Otherwise maybe I will buy ...

Why is NZD so strong??

Well got kicked on that trade. Stupid to go against such strong trend I guess. Maybe 8000 is not impossible. Will watch & see.

Why is NZD so strong??

According to Bloomberg.com Moodys came out with a warning of a housing slow down in NZ eliminating the need for another interest rate hike this year.

Why is NZD so strong??

Okay. took this thing short @ 7788. Will see how it looks at 7750 if it gets there. SL @ 7713. Business Confidence comes out tomorrow. It can't be good can it? We will see. This is against a major trend but this trend is not supported fundamentally. ...

Why is NZD so strong??

I think most of us here have been saying this for awhile now.

Why is NZD so strong??

I believe you are right about oil being paid in US dollars. But lets say Canada gets all these US dollars, they have to change them to Canadian dollars to use them don't they? If they are getting more dollars for the same amount of oil then that ...

USDCAD trend reversal?

Geez your right. I have looked at that chart and it never really sank in.

USDCAD trend reversal?

LOL Timing is everything, although I don't think the time is right on this one yet. Although you may get a small retracement. Personally I think you guys spend to much time on 10 min and 15 min charts for a trend that has been going on for almost 4 ...

USDCAD trend reversal?

I haven't looked at this since my small trade last week but I have to say I am surprised how much higher it has gone. I guess if i was really smart i would have went long with it. Oh well. The pair seems to have developed good resistance around 7825 ...

Why is NZD so strong??

These guys have been trying to go long on this thing since it was back at 1.11. Should be no surprise really.

USDCAD trend reversal?

Well current account got me while I was at work. Stopped out with 20 pip gain. Will look to short this after GDP if it is weak. Hard to say how that will go. I can wait.

Why is NZD so strong??

Well so far the trade seems to be going good. Up +67. I'm moving my SL to .7628 to lock in 20pips. Right now it is 7577. While it looks like there is some support at 7550 I think it is telling that the pair continues to lose ground even with weak ...

Why is NZD so strong??

Well I have taken a plunge on this thing. I have shorted @ .7648. SL at 7740. My reasons. 1. bad Trade Balance news. My feeling is also with the currency so high the other news will also be bad. 2. more hawkish talk out of Japan regarding the weak ...

Why is NZD so strong??

I agree it is strange. Why keep raising rates then try to force your currency down & then have everyone buy dips? I admit I don't understand what they are trying to do other than maybe keep it at a cap. New Zealand industry can't be happy about it i ...

Why is NZD so strong??

I agree It can keep going up & up. I think alot will depend on next weeks news. That's okay. I can wait. There are other pairs to trade while I wait for this one. This thing has to be so bought up by now, just like a sponge and when it rings out, ...

Why is NZD so strong??

Interesting the bank intervened today. Too bad I was in the shower when it happened. Oh well. Be curious to see what happens with it between now & tuesday when trade balance comes out.

Why is NZD so strong??

At least I have a few hundred pips to land on.

USDCAD trend reversal?

Well I can understand a it takes time on a monthly chart to see anything but it seems to me you would at least want some kind of confirmation from the daily chart before you take this long for any length of time at least. I mean sure you can scrap a ...

USDCAD trend reversal?

I have been watching this watching this thread since it started and the cad was at 1.11 and people where going long then. Maybe I'm missing something here, but why would you look at a 1 hour chart or a 15 min chart and go long on something that has ...

USDCAD trend reversal?