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  1. #11
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    Quote Originally Posted by macduffy View Post
    Great chart, Edwood!

    The original question concerned the long term direction of the GBP/NZD. To give a view on that, one needs a view on the long term prospects for the British and NZ economies.

    Too hard for me!

    hey MacDuffy - cheers
    yeah I couldn't see an 'active trades' thread for GBP-NZD? Hoep you don't mind if I post shorter term stuff here...

    To answer the original question >> you'd have to think there will some reversion to mean in future. GBP has been oversold in my mind, kiwi (and AUD for that matter) have benefited and at some point GBP will come back to life. Exactly when that is - who knows?

    I am in the double-dip camp at a macro level and expect we'll see another major sell off before too long (it may have already begun) and kiwi will get dumped in the process. But if the fundamentals in the UK don't improve then there's no reason for NZD to stay down for long.

    A change of govt in the UK would be a great start!

  2. #12
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    kiwi caught a bid - if global markets play ball we may be back into the 2.22's. should be a good sell around there....

  3. #13
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    hi ed, heres my count, i reckon we should get a rally to around wave 4 area for a great short.

    ending diagonal has broken out with a reverse head shoulders suggesting retracement

    underway.

    38.2 retracement nails the top of the 4th wave , so i will be waiting around 44.50 for a

    reversal pattern.


  4. #14
    action-reaction arco's Avatar
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    Hi DB

    I have something similar

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  5. #15
    action-reaction arco's Avatar
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    GBPNZD

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  6. #16
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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

  7. #17
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    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.


  8. #18
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    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

    Last edited by Edwood; 12-02-2010 at 05:12 PM. Reason: wrong image

  9. #19
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    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.

  10. #20
    Member ENP's Avatar
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    Now seems like the time to buy some GBP ? Am I wrong?

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