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mortdiggiddy

At an interesting spot

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
mortdiggiddy Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Pitchforks Parallel Channel
8
0
pitchfork parallelchannel
Back to CAM Year Pivot S3 and pitchfork 50% line. Fully rejected major pitchfork that goes back years. $AUDUSD $DXY $GLD
Comment:
Keep in mind that May on average sees a bottom in USD based currencies in the middle of the month. However, May is the strongest DXY month of the year.

www.ig.com/uk/tradin...-market-39690-170905
Comment:
Closer look
snapshot
Comment:
Comment:
First target is near Year Pivot (cyan line) and the 200 Day and 200 Week SMA which all happen to be right in the same zone.
snapshot
Find the edge.

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