Victor.Y.F

AUD/NZD is still in big cycle complex wave 4

Victor.Y.F Updated   
FX:AUDNZD   Australian Dollar / New Zealand Dollar
This pair could be ranging for some time to form complex wave 4, harmonic patterns are most suggested here.
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Ideally wave 5 is forming but also this pair could be forming very complex wave 4.
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Monthly Grand Cycle wave IV or V underway. Trading ranged stratigy is mostly suggested here. Could be a expanded triangle too.
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I’m shorting this pair now.
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All position has been closed before FRB. This pair can bounce 3 waves and a short again. Oz is very sensitive to Yuan.
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This is still valid, could be moving lower before FRB's rising rates. I'm watching it very very carefully because when it ends dropping, USD reach its top soon.
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10 months SMA supporting is failed, this may go lower, looking today's GDT auction for more clues. The market looks like 2006 now.
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On daily chart technically both ways are possible.
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GDT Price Index is forming a double top. It's very interesting to see how low this pair may go. Also it's interesting to find out which sector of the inflation the FRB is using, funny thing is that they're using the stronger sector.
Technically, the inflation is crashing now like a small crisis, with the DXY dropping the failing is hidden by the measuring currency. But in July the DXY is consolidating and the inflation failure is now showing at once. The Euro may drop to cover the failing by turns. Especially, the weighted YEN may drop to cover it too.
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From the March 2017 food inflation reached its highest level to the June. The GDT auction is forming a double top, this could be the first sign of Kiwi's weakness is coming. Meanwhile the core inflation should become the FRB's inflation already but the metals are still dig down holes, there will be 2 years very low core inflation controlled period. Maybe that's why Goldman Sachs is quitting the commodities market soon.
AUDNZD will benefit from Kiwi's weakness. Oz will benefit from A shares rising.
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Source: (an earthquake happened 38 mins ago as I'm speaking of Kiwi's weakness)
www.yahoo.com/news/e...-usgs-071346482.html
I want to make this clearly and loudly. This prediction has made before the market.
WE DO NOT trade those disasters and incidents or accidents because of moral rules. This "WE" is an human being, this "WE" is not a commercial company or a group of trades. Trader success should have an heart of charity, humanity is unlike a machine or a program, right? Among those traders, Chinese people are the worst, I have to remind you this.
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Finally...
The FRB and the ECB soon will give up food/oil inflation and will try to use the core one. Usually FRB and ECB would cause forex market huge moving and indexes crashing during the flipping.
Yes, last meal for stocks, be careful with choosing your sectors.
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Kiwi and Oz. may chose divergent money policies, bullish.
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We don't like to short Kiwi before it retest 7400 and bounce off from 6900 level where the very long term 200 months SMA support. This will be a range until some money policy to change it.
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We have 55 months SMA rejection and 200 months SMA support. RBNZ now is re-evaluating Kiwi's condition, after that we should have a new direction soon. The Oz. is getting better but still weak. From very long term perspective, as we've shown on chart before. Kiwi and Oz. should choose divergence money policies where should make this pair heading to the north.
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We're still having problems in this rising......
Central banks usually cause market crashing during food/oil inflation switch into core one.
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The Feb. 2018 fall in the stocks market ( where we've warned some top analysts and traders) should've ended, like the Oct. 2008, we've started a new QE already as purchasing has begun in US10Y bonds market. A new bubble... on March 2018.
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Almost there: 1.06120-1.06234 area.
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1.0630 IDC's data, 1.0636 FXCM's data, 1.0636 OANDA's data, 1.0634 FOREXCOM's data.
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How low this can do? We’ve seen big sale off from Nestle caffe in China, food inflation should’ve been topped now. The world will be better, after food is getting cheap and the great depression is over.
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In the zone, 0.7 - 0.786. US agriculture futures have been sunk by China tariffs. This's good for all market and people.
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Food inflation like Kiwi should be weak. ( New Zealand GDP sensitive) Without the support from monetary policy, people around the world are now getting poorer. Sooner or later, they can't afford to buy expensive food and dairy any more... We don't think RBNZ is ready for this, they're watching China, by wrongly using the same money policy as Renminbi. ( New Zealand core inflation is too low)
Recently we've seen a lot of food price reduction in China. We've predicted that China's dairy stocks will fall sharply in the near future...
We've given the hedge strategy, as usual.
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1.04885 IDC's data, 1.04889 FXCM's data, yesterday low.
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Can’t say too much now. Looks like NZDUSD shall down to 60000 below, just like predicted before. Food inflation switch into the core one often leads to US and EU zone stock markets crashing in the history data recorded, this time we shall see the same thing again, maybe sooner or later......
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A very interesting candle of the August...
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Disasters in the Kiwi now, we may see a New Zealand government intervention in the RBNZ to force it reform soon. Too strong for the export and trade, cut rates or devaluate dramaticly, either way Kiwi should surrender to the core inflation.
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If the truncation doesn’t hold, we may go to 1.01 to form 7 wave and harmonics.
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Going to our prediction area before the food is complied, like the oil.
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A massive needle about 300-400 pips here, all profits from 2015 August has been taken today. The market is turning, just like predicted before.
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When the profits taken and the setup corperates, the price is formed an reflection zone where is turning the market massively, to shape the needles and the spikes...
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Food inflation should be complied soon, like the oil...
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Sad day for the New Zealand terrorism attack.
Now the RBNZ should've known that the Kiwi is too strong, or saying the food inflation comparing to the core. New Zealand core inflation is lower enough to trigger a culture revolution here. The same thing in Australia but the RBA should go to a different way.
Again, we don't trade disasters.
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Let's see what the RBNZ may do.
They should've devaluate Kiwi many years ago and the food inflation should've been defeated long time ago. Those central banks in the forex market ( China is not in this market FYI) are so lagging and so in a mess now.
Anyway, no one wants to be the hero "before" the crisis but "after", right? Truth is boring, the hero you like is just the one who causes it, "before"...
Think about its crazy......
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Cutting rates in Kiwi, case closed... crazy, 3 years late with China industry crash.
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2020/03/27 Beijing time 14:55
Kiwi...... ( core inflation is still too low)
New Zealand economic supports, dairy trade in coronavirus, tourism in flight traffic ban. It will connect Australia for help. Oz has oil and iron ore, they should be better.
When the cycle comes and human race hasn't followed the nature mother, the consequences will be there. It might be delayed but it will be never absent.
The food inflation shouldn't have been such high, because human race development rely on the population.
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2020/05/20 Beijing time 15:08
Source: FXCM
RBNZ: "According to New Zealand bond management forecasts, the nominal size of the NZGB will rise from $40bn today to $72bn by June next year and to $120bn by June 2024."
See? New Zealand QE has just begun and Australia QE has ended. Kiwi will go to negative by following US bonds, for sure.
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2021/2/18 Beijing time 22:46
Let's see how long this could last, the cycle is too,ooooooo late.
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