Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Apr 29, 2009 15:38
Comments: 29
View Hot-Chart
This thread was started in response to the Hot-Chart:

NZDJPY Eyes 50

 
 
123
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Apr 30, 2009 0:19
Rob, you may be correct. but the shoulders do not look convincingly aligned to me. We shall see.

I also forgot to state that the RBNZ was meeting today (Wednesday) and they cut rates by 50 bps to 2.50%, helping to drive kiwi across the board. This means Aussie rates are now left alone at 3%.

Ashraf
Rob
New York, United States
Posts: 305
16 years ago
Apr 29, 2009 22:03
Gold/USD headed to 870 might also make sense fundamentally with large USD gains ahead, hmmm
Rob
New York, United States
Posts: 305
16 years ago
Apr 29, 2009 21:56
Very nice chart Ashraf - looks like a great short when things turn down! Thank you!

Also, am I correctly seeing a head-&-shoulder formation in 4-hour gold/USD chart? Perhaps headed down to 870? Or should I just keep my nose out of technicals? Thanks in advance
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Apr 29, 2009 17:26
Astoria, mainly because i think stocks will move lower in next week.

Ashraf
astoria
Singapore
Posted Anonymously
16 years ago
Apr 29, 2009 17:07
While NZD is strong and Yen is weakest right now, can I know what make you call ".... such as opportunity to expect renewed downside towards 54 neckline ...."
TG
Singapore
Posts: 112
16 years ago
Apr 29, 2009 17:03
Thanks Ashraf, will look at Kiwi Yen . Tks.
Ashraf Laidi
London, UK
Posts: 0
16 years ago
Apr 29, 2009 16:57
Tim, biggest risk against that trade is a break out to the upside in equities. 57 is the stop.

TG, that's O. i just chose NZD becasue it was outperforming AUD, therefore has more downside.

Ashraf
TG
Singapore
Posts: 112
16 years ago
Apr 29, 2009 16:41
Hi Ashraf,

I was thinking of shorting aussie yen?
Tim
North Carolina, United States
Posts: 6
16 years ago
Apr 29, 2009 15:57
Ashraf,
What risks, in general, then do you see in holding long Yen pretty much across the board? Many thanks.
Tim
Report Reply
 
123