Hi Dumbass - got to your .382 - you in now or waiting? I'm wary of global indices continuing on higher and sucking GBP-NZD along for the ride so holding off for the moment
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Hi Dumbass - got to your .382 - you in now or waiting? I'm wary of global indices continuing on higher and sucking GBP-NZD along for the ride so holding off for the moment
hi ed , this could be in for a good move south now as it counts best as third wave of a 3/C
had courage of my convictions and shorted after that double top , good result so far.
http://iforce.co.nz/i/o3m11ok5.jpg
reckon we could be looking at the move getting some traction now dumbass
coming back to the original question raised by AJ, here's a weekly view across 5 years. Potentially we're looking for a move now to the upper parallel of the main descending pitchfork (green). Has retested & found support at the median line, and has a clear path upward now within the ascending orange pf, initial target 2.44 area, the intersection with the blue pf.
Also we have a higher low which has been retested - now we just need sterling to grow some cojones!!
I'm long sterling now fwiw
Ed
http://i48.tinypic.com/biul55.jpg
it is looking really rubbishy now. we are close to the all time low(gbp/nzd, high for nzd/gbp) again. i am sick of it.
Now seems like the time to buy some GBP ? Am I wrong?
Looking through this thread, everyone couldnt have got it more wrong
In the short run there could be some pressure on GBP and some volatility in it. It should bounce back when the dust settles and should appreciate against NZD.
https://www.tvnz.co.nz/one-news/new-...says-no-europe
Agree. The opportunity was when GBPNZD cracked 1.77 (over 56c for the NZDGBP thinkers) and it's unlikely to crack that with NZD strength.. For NZD, the best ratio of upside to downside for exposure to those currencies is in the Euro. If you have HKD or SGD then that's a difference story.
We're up 22% against the pound since the start of the year, just over 56p and very close to an all time high. I think the outlook for the pound remains very weak with Brexit concerns.
I am looking for 60p over the next few months.
I seem to always get currency wrong to.
Wow Sterling has made quite something of a comeback...I guess I can kiss goodbye to any chance of me being a successful currency trader !
Was thinking in the back of my mind about the vague possibility of parallel importing a later model Euro car if we got to 60p. I think the correction back down has probably saved me from any temptation and saved a lot of money, decent silver lining in that cloud :)
https://www.poundsterlinglive.com/nz...at-8-month-low
Pound Pushes Fresh8-Month High Against New Zealand Dollar
There has to be the possibility of the Pound over correcting if May pulls of the no deal brexit. What do you think ?