Hi friends,
In this post i will show you why I think that the New Zealand pairs are building a correction soon.
First, almost ALL of them, NZDUSD, EURNZD, AUDNZD and GBPNZD creating and BB duplication on daily chart.
Second, they ALL created more than 20 candles ride and a divergence on the 4H charts. So for me it is a clear sign of NZD weakness coming very very soon.
I choose two charts to explain my thoughts.
NZDUSD 4H (Click to enlarge):
And here is the AUDNZD 4H (Click to enlarge):
I think I should not add anything else, just watch the chart and you will understand EXACTLY what the pairs tell us.
Happy forex trading
Yours,
Vladimir Ribakov
http://www.divergenceuniversity.com/
The first week of July has already delivered significant volatility across the financial markets. Following…
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of July…
Wall Street's main indexes rose on Thursday as a softer-than-expected employment report for June tempered…
Hi Traders! USDJPY short term forecast and technical analysis is here. We do our analysis…
Hi Traders! NZDUSD short term forecast update and follow up is here. On May 6th,…
Hi Traders! USDCHF short term forecast and technical analysis is here. We do our analysis…
View Comments
NZD did the expected job :)
JPY are the next, a bit higher, and BOOM :)
Thanks for that my friend
But I was talking for some deeper move which will come soon as well :)
Enjoy the holidays