NZD/USD Supported by Top Side of Just Broken Trendline

| 19 november, 2013 | 0 kommentarer

Daily

eliottWaves_nzd-usd_body_Picture_7.png, NZD/USD Supported by Top Side of Just Broken Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-The NZDUSD remains one of the more compelling longer term bearish possibilities. Consider that…

-The decline from the April high unfolded in 5 waves (impulsive), the advance from the August low is defined by converging lines (pennant, common in bear market advances) and action since 9/18 may compose a head and shoulders top.

-The near term advance is approaching a possible reversal point from the 11/6 high at .8414. .8414-/45 is of interest as resistance.

Trading Strategy: Nothing yet…I’m monitoring for setups on the short side from either above .8414 or below .8265.

LEVELS: .8220 .8265 .8308 | .8414 .8444 .8514

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *