Kiwi Dollar has suffered a lot from:
-RBNZ rate cut
-China stock bubble implosion
-Global equity risk off fueled by Greek and Chinese crisis, hurting high yield currencies
From a fundamental perspective, on the following weeks:
-Greek debt crisis will be solved
-Chinese stock crisis will stabilize as PBOC has ...
(USDJPY+NZDJPY+AUDJPY+EURJPY+GBPJPY+CADJPY)/6, D, Short, 2 years ago
1) SP500 on ALL TIME HIGHS, MEGAPHONE pattern, GLOBAL RISK OFF
2) Investors confidence extremely BULLISH
3) YEN INDEX is technically EXTREMELY OVERBOUGHT, ABOVE 2 STANDARD DEVIATION BOLLINGER BANDS on daily basis
4) USD is EXTREMELY OVERBOUGHT aswell as US growth has been EXAGGERATED. Wage growth is WEAK, and ...
Excellent buying opportunity on SILVER. Bullish daily candle with a long wick, with extremely strong support in 18.60-18.80 area, which added to the KST/KSTX indicators suggesting a bullish cycle, could be a good attempt to catch a market bottom and target the short term bearish trendline at around 19.80-20.