Αναλύοντας διαγραμματικά τη μετοχή της ΜΙΓ
June 15, 2017
Νέα υψηλά….νέα επίπεδα…
June 16, 2017

In a post from last week about the NZDUSD (link here) we pointed out the important resistance area between 0.72-0.73. After the FOMC announcements last night and while the NZDUSD has reached very close to 0.73 where a long-term downward sloping trend line resistance is found. Price got rejected as we expected and I believe a bigger reversal has already started. Confirmation will come with the break of the short-term bullish channel and the break below the 4 hour Kumo support at 0.7150.

If you have also read my analysis on the Dollar index, you will know I am a Dollar bull at current levels. Dollar is oversold and with divergence signs that warn me not to be bearish the Dollar. For the NZDUSD I expect at least a pull back towards 0.7050.

 

Thank you for taking the time to catch up on my thinking.

 

Alexandros Yfantis
Alexandros Yfantis

Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.