hmm, is that a triangle on the daily?
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hmm, is that a triangle on the daily?
Hello Z
Possibly. I'm already short in anticipation.
The highest recent close at 7074 was not a million
miles from the Gann 7080 resistance figure I gave
on the 4/8.
First point to look for a little wobble - 6836 ;)Quote:
quote:..........there is a Major Gann level slightly
higher at 7080. (Which also coincides with a 50 Fib of
the last major down move from 16/3 high, or 786 from the
recent June high)
Trade well
arco
yes... the Danes I get information from (jynskebank) have now got a short on the Kiwi (from Fri @ 0.6980) with a target of .6750. It never reached their upper target of 7150 tho....
you were right about the 6836 mark being pivotal arco!
Hi Peat
Yes if you want a little more technical info
there could be a margin of error of about 29
pips on that Gann level 6836 (6865). So
between those figure for the wobble.
+45 as of this moment.
arco
Currently we can see the hesitation on the Gann support
area mentioned, with a recent low of 6867 being only 2
pips from the margin or error figure I gave yesterday.
Short + 62
a lot of upward pressure on this tonite!!
Arco any idea about a top for this latest run?
IMO there is a possibility of 7308-7324,
with the overall target zone between 7178-7324.
Prepare for some retracements in the run up.
7200 in a week
As I mentioned on the 6th
I think there could be a fall to the regionQuote:
quote:Prepare for some retracements in the run up.
6958/6965/6991 before we see a reversal north again.
Target after reversal 7308-7324 with 7202 possibly
forming some resistance.
arco
Thinking this one may have turned early, maybe helped by the AUD turn.
See how the Asian session goes
Cheers
Slam
would seem to be confirming its turn now.
Taking it's time this pair.
Sitting on the 38.2 fib from the last up.
Seems to have support here
Cheers
Slam
next 2 weeks are going to be interesting, very data/event heavy
the main things that have potential to move it include:
15th RBNZ -if they do something unexpected (change rates)
17th Election -if something unexpected happens
21st FOMC -if they do something unexpected (change rates)
21st Current a/c -if it 'blows out' (which probably it will...)
probably good to be warey of such dates if you're trading NZD