apologies on my CHART post 218, 121 is not a fib number should be 127,which corresponds to a slightly higher1.235 on AUD/NZD.
CHEERS
RODDY
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apologies on my CHART post 218, 121 is not a fib number should be 127,which corresponds to a slightly higher1.235 on AUD/NZD.
CHEERS
RODDY
http://img136.imageshack.us/img136/4715/audnzdpx9.jpg
[URL=http://g.imageshack.us/g.php?h=136&i=audnzdpx9.jpg][IMG]
AUD/NZD on the weekly chart is starting to look a little high risk for buyers.... The value index is going lower and diverging from the price trend.. that only happens for so long before a corrective phase and the seasonals are suggesting a few weeks of bearishness.
TT...
Hi TT
how is it going,could you give me an idea what the 2 indicators you have posted measure i have never come across them before
cheers roddy
Hi tech trader
Could you tell me where you source your charts from
I have tried to get LW sentiment and/or Cot commercial index but have been unable to get them from a provider that I tried
thanks
http://www.sharetrader.co.nz/picture...5&pictureid=48
Head and shoulders pattern with a trendline break. What do you lot think.
I'm gonna try entering with those trailing sell stops tonight if things look good. Need a decent break below the 1.2125 before I enter.
Supports at 1.2042, 1.1755, and if we're lucky 1.11 somewhere.
hi guys , momentum plays a big part in the ability to collect the pips.
you are probably focusing on the one cross which over the last few weeks has not moved at all.
i think the way the markets are moving in blocks at the moment , its unlikely for the aud and nzd dollar to take separate paths.
its a usd v commodity story
but a set up is a set up .
Seems you were right about the RBNZ rate decision. Got stopped out of my position for a loss, but no where near what it would have been had I held.
hi all im no currecy trader but nz/aud at 88c its been a while since its been this high could this be seen as a good time to buy aud or is it likley that the aud will keep on weakening
This is nothing more than a 'soft' vs 'hard' commodity trade.
Probably hedge funds unwinding old positions to lock in their profits, or building positions the other way with a view to it going further