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Saturday, 21 November 2009 GMT
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The Trend of the Day - NZD/USD
Monday, 14 September 2009 09:39:08 GMT
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Previous Articles
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- Tuesday, 06 October 2009 08:57:14 GMT The Trend of the Day - GBP/USD
- Tuesday, 29 September 2009 11:59:09 GMT The Trend of the Day - AUD/USD
- Tuesday, 22 September 2009 08:58:39 GMT Post of the Day: Risk Reward Ratios
- Thursday, 17 September 2009 18:49:26 GMT The Trend of the Day - EUR/USD
- Thursday, 17 September 2009 11:33:00 GMT The Trend of the Day - GBP/JPY
- Thursday, 17 September 2009 08:59:57 GMT Post of the Day: Determining a Price Target for Triangles
- Wednesday, 16 September 2009 12:10:21 GMT Trend of the Day - NZD/USD
- Tuesday, 15 September 2009 11:53:03 GMT The Trend of the Day - EUR/JPY
- Friday, 11 September 2009 10:13:14 GMT Trend of the Day - GBP/USD
- Friday, 11 September 2009 10:13:14 GMT Post of the Day: Identifying an Entry
- Thursday, 10 September 2009 11:25:08 GMT The Trend of the Day - EUR/USD
- Wednesday, 02 September 2009 12:25:55 GMT Trend of the Day - GBP/USD
- Wednesday, 02 September 2009 08:44:39 GMT Post of the Day: Controling Greed
- Tuesday, 01 September 2009 10:07:53 GMT Trend of the Day - CAD/JPY
- Tuesday, 01 September 2009 08:29:44 GMT Post of the Day: Hanging Man Candlestick
- Thursday, 27 August 2009 04:10:19 GMT Post of the Day: Professional Traders vs The Amateur Trader
- Wednesday, 26 August 2009 11:45:00 GMT Trend of the Day - EUR/GBP
- Wednesday, 26 August 2009 04:36:38 GMT Post of the Day: Wicked Candles
- Tuesday, 25 August 2009 04:07:15 GMT Post of the Day: Candlestick Identification
- Monday, 24 August 2009 12:20:16 GMT Trend of the Day - EUR/USD
Retail Traders Trying to Pick Kiwi Top
NZD/USD hit a new yearly high of .7087 on Friday and the FXCM Speculative Sentiment Indicator shows that 3 traders are short for every one trader who is long. This is a contrarian indicator that tells me that this strong uptrend will more than likely continue. As prices start to rise against these traders, a short squeeze condition coul take this pair toward its old August 2008 high of .7214. Loook to buy the 2-pip break out above .7087 or drop down to a 4-hour chart and use your favorite oscillator like Stochastics or RSI to indicate a buy signal from the oversold area.
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