Graeme Kennerley

This week Graeme Kennerley takes us through four NZD forex pairs including EURNZD, GBPNZD, NZDUSD and NZDJPY. The Kiwi has started to show strength across the board in the last two weeks so Graeme's looking to join this trend in the early stages. Follow Graeme's analysis below and then go and check out the charts for yourself.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

One forex pair that has started to trend strongly and give us buy signals is EURJPY. With price now in an uptrend and back in what we call the “buy zone” there is now scope for a further move higher. 

Although Canada is just next door to the USA, it appears to have had no luck sharing the same fortune of its neighbor! While the US economy (and currency) have gone from strength to strength, Canada's economic outlooks remains poor. What does this mean for traders looking at the Canadian Dollar? 

Graeme takes a look at the FX market and notes the Australian Dollar weakness against it's main trading partners plus identifies two pairs that may be setting up a move during the coming days.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

From time to time, we are able to observe fairly large downward moves on NZDUSD. In the preceeding 5 years, we have seen the Kiwi trade between 50 cents to near parity against the Dollar. However in spite of this large range, over the last couple of months the Kiwi seems to be headed in only one direction i.e. down. From our charts, we see that NZDUSD has tracked through key levels of .77 before testing .72. Where will it go from here?

When we hear traders talk about leaders and laggers, it is usually in the context of trading equities. However, did you know leaders and laggers also exist in the forex markets? There is a trading advantage to be had by observing the price action on a leading currency pair and trading the lagging pair based on this insight. In his latest article, Graeme Kennerley talks about such timing differences and shows you a real example he is stalking right now.

This week, Trade with Precision Senior Trader & Mentor, Graeme Kennerley, is interviewed by renowned New Zealand TV and Radio personality, Mark Sainsbury.  

During this candid and insightful interview, he explains how he discovered Trade with Precision in 2009 and his subsequent journey to becoming a full-time trader. 

The Aussie dollar certainly has been making headlines over the last few weeks as it hovers near previous key levels. Key levels are price points where price action has found support or resistance, and usually we will find tradeable opportunities around these prices as they capture the attention of traders in that marketplace.

Whenever I am presenting live webinars or conducting Personal Mentoring I am often asked, “What is the biggest impediment to trading success?”  This is a good question and one I’ve given some close thought to because it’s commonly accepted throughout the trading industry that, whilst many are called, few are chosen.  In other words, there is a large drop off from those that set out on the journey of gaining financial independence via trading to those that actually make it a success.

Regardless of the asset class you choose to trade, often you will find that there are key levels where prices tend to return to and bounce off (in the form of support/resistance) or push-through completely.