NZD/JPY

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I've shorted this at 76.51 a 7 pip spread tho [:0]
it has that roll over look about it.

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closed out
lost my spread.

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8 year high! kinda looks like its broke thru the 78.50 barrier

http://www.nzherald.co.nz/section/story.cfm?c_id=3&ObjectID=10348611

[Xerof]

The Uridashi effect....

http://img486.imageshack.us/img486/233/nzdjpy5sz.png

Well into dangerous territory now, but probably needs some sort of trigger to turn it back down - a Standard and Poors credit downgrade would assist:D:D

Xerof

[Xerof]

Marrying the USD.JPY and NZD.USD together might produce a powerful cocktail, full of yen[:p][:p]

This one has a minor high in place, is well past its use by date, the MACD has a bit to go timewise, but is showing early signs of heading for a crossover, and the Williams % R is posting red alerts.

Cost of carrying a short is expensive (which of course is why it's popular the other way for investors) so timing needs to be fairly precise to minimise erosion on interest differentials

One worth watching a little closer

http://img418.imageshack.us/img418/8013/nzdjpy2nu.png

Xerof

[Xerof]

Onwards and upwards in grinding fashion, but detecting some negative divergence with this one.

Offering at 82.00, for no other reason than its a nice round number, in case of a spike. If it simply grinds higher over the next week, then it'll be 'offer out' and shall perhaps seek higher goals

altiora peto

Xerof

[Xerof]

Update from last month.

It was close but no cigar at 82.00 late October, but had a lovely pullback, before this eye-watering rally continued. Looking like its due to have its wings clipped again within the next 50 odd pips/few trading sessions? The Williams % R is showing sustained o/bought condition...again.



http://img492.imageshack.us/img492/2440/nzdjpy2gy.png

Xerof

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there have been 10 green 4 hour candles which is a record even for this bull