banks are still holding longs on zar(since zar is a quote currency a sell is in order), this could be a turning point we have waiting for
I already have a sell on this one but I am looking forward to adding another position using a sell stop if i see a flag as I indicated above
STRONG SHORTS HELD BY BANKS AND STRONG LONGS HELD ON JPY
according to cot analysis,banks are still holding longs and and if they are to take profits, they will do it @ a higher level than this,hence we can still expect a move up
all the technicals are shown above. Caution:only make an entry @ the break as indicated
PRICE RECENTLY BOUNCED OFF THE SHORT-MID TERM TREND LINE AND ALSO DESCENDING CHANNEL BROKEN AND RETESTED......HENCE A POSSIBLE CONTINUATION TO THE UPSIDE
technically:as indicated above fundamentally: strong GDP numbers from NZ MIGHT GIVE US THE PUSH WE NEED
the price just bounce d off the daily trend line and we see historically that the trend line seems to be respected , as indicated above ...... so a buy is in order
PRICE HAS BROKEN THE CHANNEL INDICATED ABOVE, SO A SELL IS IN ORDER
rising wedge just got broken....simply wait for break indicated above candle and look for entry.....we also look forward to the RBA MINUTES FOR VOLATILITY
descending triangle and minor resistance@ 1500.00 is broken.....A buy is in order
descending channel broken, wait for break and make an entry.....Only @candle close\
PRICE BOUNCED OFF THE TREND LINE AND AND BROKE ABOVE RESISTANCE @ 23.46660....a BUY IS IN ORDER
PRICE JUST BOUNCED OFF THE TREND LINE AND BROKE A MINOR RESISTANCE AROUND 98.55.....I THINK THE DXY WILL RALLY TO THE UPSIDE
I SEE A HEAD AND SHOULDER PATTERN, WE SELL AT THE BREAK OF THE STRUCTURE ABOVE. ENTRY AT THE BREAK OF THE STRUCTURE SHOWN ABOVE