Showing posts with label nzdusd. Show all posts
Showing posts with label nzdusd. Show all posts
Wednesday, April 13, 2016
NZDUSD
The NZDUSD is at the top of the channel. Near this resistance, it is a good chance to be short with low risk.
Tuesday, April 5, 2016
NZDUSD,and USDJPY
Looking at NZDUSD, we are in a channel within a channel and has just reached short term support at 6768.
it is also the 1.618 extension from the high to the recent low at 1 Apr.
A rebound to 6830 will be a good place to reenter shorts.
A larger channel, is also seen on the daily.
channel support at 6838.
Disclaimer: I am not short the NZDUSD but may re-initiate shorts.
Looking at USDJPY, it is at channel support.
it is also the 1.618 extension from the high to the recent low at 1 Apr.
A rebound to 6830 will be a good place to reenter shorts.
A larger channel, is also seen on the daily.
channel support at 6838.
Disclaimer: I am not short the NZDUSD but may re-initiate shorts.
Looking at USDJPY, it is at channel support.
Since both NZDUSD znd USDJPY are at their support, NZDJPY will also be on its support.
So it will be a good time to take some profits and look to reshort higher, or on a break lower.
Disclaimer: I am short USDJPY
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