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/
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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