AUD/NZD is still in big cycle complex wave 4

FX:AUDNZD   Australian Dollar / New Zealand Dollar
132 1 10
This pair could be ranging for some time to form complex wave 4, harmonic patterns are most suggested here.
Comment: Ideally wave 5 is forming but also this pair could be forming very complex wave 4.
Comment: Monthly Grand Cycle wave IV or V underway. Trading ranged stratigy is mostly suggested here. Could be a expanded triangle too.
Comment: I’m shorting this pair now.
Comment: All position has been closed before FRB. This pair can bounce 3 waves and a short again. Oz is very sensitive to Yuan.
Comment: 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.
Comment: 10 months SMA supporting is failed, this may go lower, looking today's GDT auction for more clues. The market looks like 2006 now.
Comment: On daily chart technically both ways are possible.
Comment: 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.
Comment: 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.
Comment: Source: (an earthquake happened 38 mins ago as I'm speaking of Kiwi's weakness)
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.
Comment: 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.
Comment: Kiwi and Oz. may chose divergent money policies, bullish.
Comment: 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.
Comment: 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.
Comment: We're still having problems in this rising......
Central banks usually cause market crashing during food/oil inflation switch into core one.
Comment: 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.
Comment: Almost there: 1.06120-1.06234 area.
Comment: 1.0630 IDC's data, 1.0636 FXCM's data, 1.0636 OANDA's data, 1.0634 FOREXCOM's data.
Comment: 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.
Comment: In the zone, 0.7 - 0.786. US agriculture futures have been sunk by China tariffs. This's good for all market and people.
Comment: 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.
Comment: 1.04885 IDC's data, 1.04889 FXCM's data, yesterday low.
Thank you for your likes! It may correct lower before rising again.
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