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Introduction
I find it useful to look at the big picture from time to time. In technical analysis terms, that usually means inspection of weekly and/or monthly charts. However, I rarely get to see analysis of "ultra-high" timeframe charts, so I decided to make a couple of attempts of my own. Previously, I analysed long term charts of the Euro, the Yen, the Cable, the Swissie, the Loonie and the Aussie.
Today I'll have a look at yearly and quarterly Kiwi (NZD/USD) charts that are covering the period from 1971 to 2015. While the yearly may be of some use for a quick overview of price action, the quarterly chart offers more detail and makes trends, ranges and patterns more clearly visible. I will be focusing on the latter for my analysis.
Yearly Chart
Quarterly Chart
The Peg
A keen observer would have noted something very unusual about price action in the first couple of years. Volatility jumps from near zero level in one quarter to the level of ten or twenty cents in the next quarter and vice versa, several times. That's something that just doesn't happen in …
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Nadin5794 avatar
Nadin5794 13 Dec.

я торгую эти пары и полностью с вами согласна

WallStreet6 avatar

Interesting, thanks for the recommendation

lelipuzik avatar
lelipuzik 31 Dec.

good job!)

al_dcdemo avatar

WallStreet6 All disclaimers apply :)

al_dcdemo avatar

Thanks to all for your great comments!

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15/66
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Introduction
I find it useful to look at the big picture from time to time. In technical analysis terms, that usually means inspection of weekly and/or monthly charts. However, I rarely get to see analysis of "ultra-high" timeframe charts, so I decided to make a couple of attempts of my own. Previously, I analysed long term charts of the Euro, the Yen, the Cable and the Swissie.
Today I'll have a look at yearly and quarterly Loonie charts that are covering the period from 1971 to 2015. While the yearly may be of some use for a quick overview of price action, the quarterly chart offers more detail and makes trends, ranges and patterns more easily observable. I will be focusing on the latter for my analysis.
Yearly Chart
Quarterly Chart
Broken Trendline
One of the first things that I noticed on the chart is the upward sloping channel that the pair traded in from 1971 to 2003. The channel bottom (trendline) was broken in 2004 and has been acting as a resistance since. It capped the pair in 2008 and 2009 and I expect it to continue to play that role, should the pair meet it in the future. The trendline is currently centered around 1.3750.
Fibonacci Retracements
I re…
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Milian avatar
Milian 1 Dec.

Good article!

al_dcdemo avatar

yellownight Thank you! I just started to write articles - I takes me plenty time to put together an article that I'm happy with but I guess I'll improve over time. Re Loonie: volatility in the pair has been great since oil started to slide.

al_dcdemo avatar

VictoriaVika Thank you very much!

al_dcdemo avatar

fxsurprise8 Agreed :) And I don't think we have seen the bottom yet.

al_dcdemo avatar

Thanks to all for your great comments!

orto leave comments