Friday, August 29, 2014

NZDUSD Update - 29th August, 2014

NZDUSD Update - 29th August, 2014

Update -

Writing an update of how the NZDUSD is going from my earlier blog post this week
So far it has reacted as planned,
  • Cypher pattern identified on Daily Chart
  • Price broke out of the bearish trend channel on the H4
  • RSI broke to the upside on H4


This is an update of the 4hr Chart

1hr Chart, 


Outlook Trade opportunity

Today I'd be looking for price to retrace to the 78.6 / S2 pivot support area, for a long trade


Risk Level LOW


Tips -

Always take note of any economical news event on our provided calender below