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Speaking of Fib retracements, .7153 is 61.8% of the .7015 to 7378 rally, so it might be a bit sticky here, .7100 is 76.4%.
Momentum seems strong enough though for it to test 100%, which is of course .7015
Hmmm, Friday with no US data, maybe thats enough for the week - just a thought. Next week will determine validity of this run I think
Xerof
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Xerof
Yes the 618 fib is bound to have some effect
because TA's will be monitoring that point.
On a reversal at this point there is always the possibility
of a rally to test the old brokwn support at 7195/29th April.
This ties in with the 50% FIB just broken, and may align with
possible MA resistance following from above.
arco
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Yes thats as far as I see it going - 95/00 area. I have my trailing stops at 7215 for tonight and might have a look at the rugby instead of FX this evening!
cheers
Xerof
I do note thats the 50 sma on the 30 mins;);)
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nice resource arco
have saved it for future references
am waiting till 2nd semester of uni be4 i start this stuff :D
man cant wait to start this baby rolling
*prob with demos et al, have tried tricom and marketech
they use the similar programs..
somehow when i want to query a price or place an order.. i always get a SEND error...
at least i got my IG markets i guess
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Just took short NZD trades from 7335, 7308, 7255 and 7231 (2 units) back at 7111 for 805 pips (on one unit equivalent)
Will look to sell on rally to 7150 if seen, or on loss of 7080
Xerof
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Nicely done Xerof
Great entry points as well.:)
Cheers
Slam
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Still holding this as a longer term trade +229.
Circa 7080 may cause some hesitation IMO.
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Yes, I thought we may have seen a bounce across the board earlier today, but seems not to be just yet. Haven't re-entered any USD longs yet - will see what Europe do to it but like you, Arco, still keen for much higher USD. Ideally should be able to re-enter on a slight bounce but have to admit it's not looking terribly promising at this stage for the bloc currencies.
A contact at ANZ has just put out a TA update on NZD - a breach of 7050/75 targets 66 odd cents in quick time - the old 'killer wave C'
Would love to post it here, but its a protected doco.
Xerof
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Xerof
Thanks for that valuable info.
Here are some figures that might interest you,
and which tie in with the ANZ view.
A Bullish Butterfly could complete around 6562-6754.
There are Fib Levels circa 6502 - 6683
Plus other Gann levels throughout that may
cause some support and bounces. I will indicate
these as the NZD plot approaches.
arco
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Xerof
Are you able to 'Snap' that ANZ doc and post it via TT,
or is it copyrighted?
arco
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Arco, its on the other side now
cheers
Xerof
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Xerof
Many thanks for positing the EW chart.
Short stopped out o/n at 7092.....+ 206
Auto long at 10 am.......7080......
+11 (short term trade)
arco
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i can see easy the EW on the AUD/USD ..
howeva i am unable to see it in the NZD/USD?
mind if someone can give me a tip/hand?
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