AdrianWS's Blog

Avatar

NZDCAD

NZDCAD has had a very good run of late but is running into 15 year resistance and with very few non-USD catalysts it seems to have no reason to break on higher and thus the path of least resistance is very much to the downside.
We can see the triangle that is appearing here and as such I expect it to be capped and floored for the meantime at these levels.
A closer look shows how the market is seemingly overrun to the upside and due a correction.
The move has pushed us into a resistance zone, and…
Lee el artículo completo
Traducir a inglés Mostrar original
AdrianWS avatar
AdrianWS 30 Nov

I hasn't dropped as much as I'd hoped and has merely consolidated at the higher end, still looks good, but a longer duration needs to be considered.

VictoriaVika avatar

Good work

oDejar comentarios
Avatar

NZDCAD analysis

The NZDCAD has been susceptible to the Emerging market sell-off and the weakening differentials between North america and China. Now I believe that this summer should bring low volatility and therefore we should see fewer sizeable moves. For this reason, and the slight yield spread between NZD and CAD should push the NZDCAD with an upward bias. I would recommend selling short straddle with expiration around the end of August / beginning of September with strike around 0.81 or 0.82.Here we can se…
Lee el artículo completo
Traducir a inglés Mostrar original
AdrianWS avatar
AdrianWS 24 Ago

the NZDCAD closed the week at 0.8190 which is clearly very close to my month-end 0.82 target. However the NZD is in place to bounce next week and could take us away from this level. This being said, 0.82 is a decent value for the NZD to trade vs. the CAD, but there is some CAD data which will also make it harder to stay near here for 1 more week.

AdrianWS avatar
AdrianWS 30 Ago

the NZDCAD was 10 pips below last weekly close, now at .8115 so a bit under, either way the prediction played out very well. 3 of my calls for this period are within 1% into the weekly close, 2 of which are under 0.15%. Even after a choppy 1.5 months with tapering/syria/egypt etc. Very happy with this time period.

oDejar comentarios
Avatar

NZD/CAD Short

Since the beginning of the year, the New Zealand Dollar has rallied 4.25% against the Canadian Dollar in a steady upwards channel, the majority of this analysis is centred partly around this rise, and how it may be coming to an end. With the NZD/CAD trading at 0.8570 when writing this, it represents an almost 10% rally since the last major swing low on the 4th of September. I believe that in the short term the exchange rate is partially overvalued and when looking at the 1st chart below I will …
Lee el artículo completo
Traducir a inglés Mostrar original
geula4x avatar
geula4x 28 Abr

+1 Liked: multiple analysis supporting your price target. Well done! :-)

AdrianWS avatar
AdrianWS 19 May

Well, What we have seen over the past week or so is a total destruction of the NZD and AUD and therefore the NZDCAD has reached my target early. That being said it could very well stay range bounc and may still be around this level come 3rd June

AdrianWS avatar
AdrianWS 28 May

It seems that we may have reached an inflexion point where it seems the next couple of days look bullish for CCY/CAD pairs so the price might not be there next week but nonetheless good trade and reached target level.

AdrianWS avatar

Was a good trade but we ended about 1.2% off after 1.5 months. Not bad if you ask me...

oDejar comentarios