alifari's Blog

Avatar

NZDUSD Analysis

Fundamental View
New Zealand Dollar is considered a risk appetite currency and tend to perform well in time of stable growth across the board. NZDUSD has performed well since February 2014 and in last couple of months it has gone up around 580 pips and just shy of April 2013 high of 0.8675. However, this pair sunk heavily after press conference by Fed Chairman suggested that rate hikes may happen "around 6 months" after the end of QE program, strengthening USD and dampening risk appetite across …
Read full story
Translate to English Show original
orto leave comments
Avatar

AUDUSD Technical Analysis

AUDUSD is currently ranging between 0.8960 and 0.8830. If price break resistance at 0.8960 then next level where sellers would be looking to take it down is the supply level at 0.9040. Given the momentum we have seen today from the bottom of the range there are higher probabilities that price will break to the upside rather than making another leg down. If we look at Daily chart those green candles are showing lot of buying interest and considering that AUDUSD had a massive down move, it is very
Read full story
Translate to English Show original
Daytrader21 avatar

Don't forget today we had still thin liquidity conditions, so this move may not genuine. To be quite honest I'm expecting any upside movement to be meaningless, and expecting to move to the downside gradually in tight range

alifari avatar
alifari 2 Jan.

I agree the up move may be meaningless but if smart money are looking to sell and take it down further then they need to create liquidity and for that they have to create fake moves so that traders are trap on wrong side and their orders and stop loss are smart money liquidity.

orto leave comments