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/
GDP growth is one of the most important indicators of economic health. But does stronger…
When it comes to fundamental Forex analysis, few institutions matter as much as the Federal…
Interest rates are one of the most important fundamental forces in the Forex market. But…
The latest U.S. employment report has delivered a significant warning for the market. With only…
The Forex market does not always offer clear trading opportunities. Sometimes, price moves sharply in…
Open social media for a few minutes and you can easily find someone talking about…
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