Here is the year in review as a comparison chart (left, click to enlarge) comparing the major currencies, in this case versus the euro. The worst performing currencies, the USD and GBP, were down about 9% vs. the euro. The best, the loonie, was up about 9%%.
What happened this year?
The year had a lot [...]
Archive for the ‘New Zealand dollar’ Category
Year-end in review
Posted in Australian dollar, British pound, Canadian dollar, Carry trade, Commodities, Fed, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged comparison, currencies, forex, year in review on December 26, 2007 | No Comments »
Putting AUD/NZD’s dub top to rest
Posted in Australian dollar, New Zealand dollar, Price patterns, tagged aud, aussie, double top, forex, kiwi, moving average, nzd, price pattern, support on December 13, 2007 | No Comments »
Remember how we looked at this pair’s double top? (which portends a downward movement) I chickened out on the thing and never liked the set-up. Well, it completed it’s double top target yesterday (!@#$%& it anyway, it’s made a few hundred pips since we’ve been talking about it). It goes to show that despite [...]
Wrapping up the week looking at the big picture
Posted in Australian dollar, British pound, Canadian dollar, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged comparison chart, forex, relative performance, relative strength on December 7, 2007 | No Comments »
It’s always a good idea to regularly look at the “big picture.” One suggestion is to run a relative strength analysis, which is a common method in technical analysis. Basically, bring up the EUR/USD and then in Chart Settings, type in the other EUR based pairs in Comparison Chart, one by one. This compares [...]
Updating the AUD/NZD
Posted in Australian dollar, New Zealand dollar, Price patterns, tagged aud, aussie, double top, forex, kiwi, moving average, nzd, price pattern, support on December 6, 2007 | No Comments »
Last seen this pair was busting down from a double top. I think it makes a fine example of how price patterns aren’t magical and, like everything else, should be taken with a grain of salt.
Granted, when you see one it is a little exciting, in a sense. But price patterns work out maybe [...]
Look, I can draw lines too!
Posted in New Zealand dollar, Price patterns, U.S. dollar, tagged dollar, forex, kiwi, nzd, usd on November 30, 2007 | No Comments »
Sometimes it gets ridiculous how many lines you draw on a chart. My colleague Blake Young, for example, likes to draw so many lines on his charts that he’s sure to always be right about support and resistance!
So it goes with me for the kiwi right now. I couldn’t resist drawing lines everywhere. [...]
AUD/NZD double top and its 200 day MA
Posted in Australian dollar, New Zealand dollar, Price patterns, tagged aud, aussie, double top, forex, kiwi, nzd, pice patterns on November 29, 2007 | 1 Comment »
The pair definitively jabbed thru its double top support a few days ago. Yes its a double top, be ye not fooled by its hunchbackedness. The question is whether to get in short now (if you didn’t already).
It feels like it’s gone a bit far for a retest of old support, but then, it does [...]
The week at a glance
Posted in Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged aud, aussie, cad, chf, dollar, eur, Euro, forex, franc, gbp, kiwi, loonie, nzd, pound, swissy, usd, week summary on November 16, 2007 | No Comments »
In an effort to help you prep for the week ahead, here’s a quick glance at who did best - and worst - for the week. It’s a good idea to stay on top of this so that you know which currencies to avoid and which to look for opportunities in.
Notes that these [...]
A carry comparison
Posted in Australian dollar, British pound, Canadian dollar, Carry trade, Japanese yen, New Zealand dollar, tagged aud, aussie, cad, carry, Carry trade, dollar, eur, Euro, forex, gbp, jpy, kiwi, loonie, nzd, pound, yen on October 22, 2007 | No Comments »
Here’s a real quick comp chart to (continually) pound home what I said a few posts ago - if you’re still focused on the GBP/JPY knock it off! Stop it, scram, basta. There are much better pairs to trade for both interest and capital appreciation. As is displayed below (black GBP/JPY is second from bottom) [...]
Ideas for a sloppy breakout
Posted in Australian dollar, New Zealand dollar, Price patterns, tagged breakout, aussie, aud, nzd, price pattern, forex, kiwi on October 10, 2007 | No Comments »
Remember the AUD/NZD we were looking at? How it broke up from its squat triangle? It’s sort of flopping around like a fish in a boat now - not exactly the breakneck burst to the upside like you’d want. What to do?
When a price patterns breaks but then fails to perform, I usually prefer to [...]
Recapping the week (it’s been a good one)
Posted in Australian dollar, British pound, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged aud, aussie, chf, dollar, franc, jpy, kiwi, nzd, price pattern, swissy, usd, yen on October 5, 2007 | No Comments »
Here’s how some of those patterns we highlighted early in the week ended up:
AUD/NZD: Having popped up 200 pips from its triangle breakout, the pair is now up a little under 100 pips. It still has plenty of room to run, keep an eye on it.
GBP/JPY: The pair is up almost 500 pips from the [...]
AUD/NZD - caught in the act!
Posted in Australian dollar, Gold, New Zealand dollar, Price patterns, tagged aud, Gold, nzd, price pattern on October 4, 2007 | No Comments »
Back to our trades for the week, AUD/NZD is busting out of its squat little triangle … to the upside. You heard it here first! The aussie is being supported by gold this morning, which is being supported by a downturn in the buck as a result of weak U.S. data. Sort of [...]
4 bright ideas to put on your trading plate this week
Posted in Australian dollar, British pound, Japanese yen, New Zealand dollar, Price patterns, Swiss franc, U.S. dollar, tagged aud, chf, gbp, jpy, nzd, Price patterns, usd on October 1, 2007 | No Comments »
There are three interesting price patterns shaping up and one which already broke on the daily charts.
1) The AUD/NZD is fun to watch because both currencies are monstrously strong, like a tug-o-war of champions. It’s now at the point of an interesting stubby little triangle. Despite the trend I think the kiwi may win this, [...]
