The impressive NZDUSD rally since mid December has resulted in a technical condition similar to the one that preceded the nearly 1500 pip August 2007 decline.
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Technical Analysis
New Zealand Dollar Current Technical Condition Similar to 2007
By
Jamie Saettele, CMT, Sr. Technical Strategist
Fri Feb 03 21:52:00 GMT 2012
Fri Feb 03 21:52:00 GMT 2012
Forex Support & Resistance
W - Weak | M - Moderate | S - Strong| Symbol | Trend | Volatility | Analysis / Chart |
| EUR/USD |
|
 |
3%
|
 View Outlook |
||
View Chart
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| USD/JPY |
|
 |
40%
|
View Outlook |
||
|
View Chart
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| GBP/USD |
|
 |
2%
|
View Outlook |
||
|
View Chart
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| USDOLLAR |
|
|
9%
|
View Outlook |
||
|
View Chart
|
| USD/CHF |
|
|
13%
|
View Outlook |
||
|
View Chart
|
| AUD/USD |
|
|
13%
|
View Outlook |
||
|
View Chart
|
| USD/CAD |
|
|
13%
|
View Outlook |
||
|
View Chart
|
| NZD/USD |
|
|
15%
|
View Outlook |
||
|
View Chart
|
| EUR/GBP |
|
|
3%
|
View Outlook |
||
|
View Chart
|
| EUR/JPY |
|
|
28%
|
View Outlook |
||
|
View Chart
|
| GBP/JPY |
|
|
40%
|
View Outlook |
||
|
View Chart
|
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Candlestick Summary
| Currency | Last Formation | Trend Bias |
| EUR/USD | THREE INSIDE DOWN | bearish |
| USD/JPY | HAMMER | bullish |
| GBP/USD | HARAMI | bearish |
| AUD/USD | SHOOTING STAR | bearish |
| USD/CAD | ||
| NZD/USD | SHOOTING STAR | bearish |
