Wish you all a happy new trading week. Well...lots of fundamentals this week and we are starting with the NZD first. I will be covering the forecast of the NZD pairs that include NZD/USD, NZD/JPY, NZD/CHF and NZD/CAD. Let's start with the big guy, NZDUSD!
The forecast of this pair was highly debatable in the recent weeks.However...it came down to this. The pair successfully broke the 1 month trend and is soaring up. It broke the 50 and 100 hr MMA and the recent bullish leg engulfed the 5 day price action. The RSI indicates a strong buying pressure that could last for days. Get ready to ride along!!
But beware of the Retail Sales data. Buy only if it is better than the consensus. Trade rationally.
Happy trading!
Riz
The forecast of this pair was highly debatable in the recent weeks.However...it came down to this. The pair successfully broke the 1 month trend and is soaring up. It broke the 50 and 100 hr MMA and the recent bullish leg engulfed the 5 day price action. The RSI indicates a strong buying pressure that could last for days. Get ready to ride along!!
But beware of the Retail Sales data. Buy only if it is better than the consensus. Trade rationally.
Happy trading!
Riz
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Here's for NZDCAD!
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So the Retail sales data has arrived...and we can see a falling figure of 0.1%. Hopefully we can trade this pullback on all the NZD pairs!
Happy trading!
Riz.
Happy trading!
Riz.
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