We've been killed for one month in NZDUSD, waiting for good US data. So far..mixed.
Here is what I am still looking for this month and next month:
Good US Economic Data: Employment Report, Retail sales, NFP, ISM
If not, then... NZD will go to D instead of 0.69
Here is what I am still looking for this month and next month:
Good US Economic Data: Employment Report, Retail sales, NFP, ISM
If not, then... NZD will go to D instead of 0.69
Comment:
So far, NZDUSD is testing the daily uptrend line. So, there will be some demand here as you can see on the chart, but will this demand translate into a new trend? A chart "guru" will do his elementary school 101 wave drawings and make a life decision about reality and stupid conclusions based on drawings and then criticize people who look at fundamental analysis (which is economic data...shhh..they don't realize it that they are saying "ignore economics" when they say "ignore fundamentals" because of their blithering stupidity). There is more to investing in the currency market than chart gambling.
Comment:
Trade closed manually:
150 pips in the pocket. Just a normal transaction.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.