Monday 29 February 2016


NZDUSD Daily Technical Analysis

The pair broke the uptrend marked by Red trendline marked R with a gap. It is now congesting with  the potential to continue down wards. The down side will be confirmed by break close below  the 0.65591 support zone of the daily candle marked by E  The first large support zone is around 0.64340 marked by Z. The larger target will be around 0.62274 marked by horizontal line marked X.




Sunday 28 February 2016


USDCHF, Hourly.  31 pips

The hourly chart is now coming into the 21 Simple Moving Average zone. The short term trade will be confirmed by break close of hourly candle below blue horizontal line marked Z. The first target is around the 0.99579 marked by horizontal line Y.

Friday 26 February 2016


EURJPY Hourly 60pip sell

The price is  now reacting in the 21 Simple Moving Average zone . The short term 60 pip sell trade will  be confirmed by break close below trendline marked X. The target is around the 123.798 marked by Y.