Also as additional technicals to support the short NZD$ view: 1. On the daily, weekly and H1 NU currently Trades (and at 0.73) close/ at to its +2 standard deviation lines, these are highly resistive. - Assuming NU trades mean reverting +2SD means there is a 95% chance of a price reversal/ 95% of all prices should be below the +2SD channel lines (e.g. NU...
Also as additional technicals to support the short NZD$ view: 1. On the daily, H1 and weekly NU currently Trades (and at 0.73) close/ at to its +2 standard deviation lines, these are highly resistive. - Assuming NU trades mean reverting +2SD means there is a 95% chance of a price reversal/ 95% of all prices should be below the +2SD channel lines (e.g. NU...
EURPLN next sell-off coming - S&P cuts rating on Poland's
With the rally last week, it seemed as if indices would rally to ATHs especially off the support TL that was hit on Wednesday. However, a seemingly intermediate-term bottom on EUR/USD means a falling dollar should send money out of the US markets and into Europe. I feel like this downtrend channel will hold and we're in for a decline leading into May. However, I...