GbpAud keeps popping over 2.20 then dips back under. Closed US market not helping, just needs a push over the line
In the last 6 hours, it broke the 2.200 level 5 times, but got rejected. It just broke above 2.200 again. Will it hold and break higher this time?
I’m sitting on the sideline watching this interesting pair. I’m also going to stay out out of GBP/NZD until all of the news are finished.
Well done on your +450 pips.
Hopefully when it does break the 2.20 resistance will turn into support for the next push.
Like you on gnpnzd, it’s had a nice move today. I would consider buying if it dropped a 100 or so pips, otherwise I’ll get the news out of the way as well.
Happy trading
[B]GbpNzd[/B] nice 350 pip rise so far today.
Currently stuck around 2.4390, slight fallback wouldn’t be a surprise and might be a good chance to buy long ahead of upcoming news
Exactly how it worked out. Now pushing 2.2060
What a find this pair is proving to be!
Lower spreads than GbpNzd, stronger, longer uptrend.
Now pushing thru 2.21.
Long at 2.18070, too good to ignore at this price
I agree. The price looks good and it is sitting on a good near term support level.
But, I think I’ll sit out because of the upcoming news in about 8 hours. Of course, this pair can easily move 200 pips in 8 hours!
It will be interesting to see if it breaks up or down from that range your chart shows
Been a bit of a wait, but back in the black with SL just above break even.
Squeeky bum time over
After that GBP news, the market was very good to you :), A very apt title for this thread lol and glad it worked out
Hey guys, Mike here.
I just wanted to throw this in for ya. (Talking about volatile pairs)
I have a volatile list, on the weekly time frame. So what I have here is the average pip range of the weekly candles on these pairs. And this is the average from this year only. I keep a running total every week.
GBP/NZD = 643
GBP/AUD = 503
EUR/NZD = 476
EUR/AUD = 430
GBP/JPY = 406
GBP/CAD = 404
EUR/CAD = 376
GBP/CHF = 369
EUR/JPY = 343
CHF/JPY = 326
EUR/USD = 324
GBP/USD = 308
USD/CHF = 273
USD/CAD = 273
AUD/NZD = 250
NZD/JPY = 249
AUD/JPY = 248
NZD/CAD = 241
AUD/CHF = 229
NZD/CHF = 226
NZD/USD = 220
CAD/JPY = 217
AUD/USD = 211
AUD/CAD = 210
USD/JPY = 205
CAD/CHF = 202
EUR/CHF = 195
EUR/GBP = 170
Now, just so you know, I didn’t count “Black Thursday” into all of this. (Jan. 15)
I totaled the weekly candles and divided by 34 (weeks).
This gives a good judge of how many pips can be expected throughout a week. (Of course you know how much we can expect in this beast of a market) (It’s just a glimpse)
Eddie…you can see why you like the GBP/AUD next to the GBP/NZD.
So…FYI for ya.
Mike
Hi Mike,
Thanks for the post. You might be interested in this link, allows you to select a timeframe and see your weekly/daily/hourly volatility.
NZD/CHF pip range = 226, pip range order = 20, current price = 0.6266, % range = 3.6068%
NZD/USD pip range = 220, pip range order = 21, current price = 0.6400, % range = 3.4375%
AUD/CHF pip range = 229, pip range order = 19, current price = 0.6886, % range = 3.3256%
NZD/JPY pip range = 249, pip range order = 16, current price = 77.4760, % range = 3.2139%
AUD/USD pip range = 211, pip range order = 23, current price = 0.7042, % range = 2.9963%
AUD/JPY pip range = 248, pip range order = 17, current price = 85.2470, % range = 2.9092%
EUR/USD pip range = 324, pip range order = 11, current price = 1.1163, % range = 2.9024%
NZD/CAD pip range = 241, pip range order = 18, current price = 0.8474, % range = 2.8440%
USD/CHF pip range = 273, pip range order = 13, current price = 0.9778, % range = 2.7920%
EUR/NZD pip range = 476, pip range order = 3, current price = 1.7393, % range = 2.7367%
CAD/CHF pip range = 202, pip range order = 26, current price = 0.7394, % range = 2.7319%
EUR/AUD pip range = 430, pip range order = 4, current price = 1.5851, % range = 2.7128%
GBP/NZD pip range = 643, pip range order = 1, current price = 2.4005, % range = 2.6786%
Mean Percentage Volatility = 2.6502%
CHF/JPY pip range = 326, pip range order = 10, current price = 123.7910, % range = 2.6335%
EUR/CAD pip range = 376, pip range order = 7, current price = 1.4739, % range = 2.5511%
EUR/JPY pip range = 343, pip range order = 9, current price = 135.1280, % range = 2.5383%
GBP/CHF pip range = 369, pip range order = 8, current price = 1.5034, % range = 2.4544%
CAD/JPY pip range = 217, pip range order = 22, current price = 91.8670, % range = 2.3621%
EUR/GBP pip range = 170, pip range order = 28, current price = 0.7260, % range = 2.3416%
GBP/AUD pip range = 503, pip range order = 2, current price = 2.1832, % range = 2.3040%
AUD/NZD pip range = 250, pip range order = 15, current price = 1.1005, % range = 2.2717%
AUD/CAD pip range = 210, pip range order = 24, current price = 0.9279, % range = 2.2632%
GBP/JPY pip range = 406, pip range order = 5, current price = 186.1200, % range = 2.1814%
USD/CAD pip range = 273, pip range order = 14, current price = 1.3175, % range = 2.0721%
GBP/USD pip range = 308, pip range order = 12, current price = 1.5376, % range = 2.0031%
GBP/CAD pip range = 404, pip range order = 6, current price = 2.0259, % range = 1.9942%
EUR/CHF pip range = 195, pip range order = 27, current price = 1.0915, % range = 1.7865%
USD/JPY pip range = 205, pip range order = 25, current price = 121.0460, % range = 1.6936%
When you rank those pairs by the pip range divided by the current price to get a percentage for volatility you get a very different order. NZD/CHF turns out to be the most volatile due to a 16% decline since last March. Although it is 20th in terms of the pip range, those pips are more valuable in terms of the percent change in price. GBP/NZD, number one in terms of the pip height is just a nudge above the mean percent volatility of these pairs. GBP/AUD looks volatile as number two in terms of pip range but ranks 20th in terms of percentage.
EUR/USD is actually MORE volatile than many of the exotics and crosses.
-Adrian
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Ive just had my 1st loss of the week, EurUsd. I don’t trade this pair much lately as I seem to lose on it whichever way I trade.
Gone Long GbpNzd 2.3980, looking for 400 pips
Looking at the 4h I believe this has bottomed out for the day. Will place a SL in just above b/e in case things change in the asian session
Hey Eddie I think it will rise too but will wait and see what the NZD rate statement comes out like at 10pm UK time
It looks very tempting for a long at the current price, but I’ll be conservative and wait for the rate decision at 4:00 PM my time.
If it takes a big spike down, then I can look to go long at a much better price. It it takes a big spike up, then I can wave goodbye to the train that left without me.
Hello everyone…less than one hour to go… I have been waiting for this event for weeks and weeks…I am really hoping it won’t be a flop (i.e. ignored by the markets)…
Good luck, everyone…