DX AS EXPECTED, NZD CROSSES FOLLOWS TREND, CABLE AWAKENINGS

   THE  NZD CROSSES  AND THE DOW JONE BEHAVE IN THE SAME MANNER, SO WE HAVE AN EXCELENT INDICATOR, BECAUSE THE COVARIANCE  BETWEEN THE MENTIONED TIME SERIES ALWAYS TEND TO CERO.

AS WE SAID DAYS AGO THE US$ WAS IN A TRADING

RANGE, PEFORMING A MEDIUM TERM TOP.

   THE PAIR NZDJPY & CHFJPY IN 240 MIN ARE IN A SHORT TERM CORRECTION, BUT OUR FORESCAST IS THAT A MEDIUM TERM UPTREND FOLLOWS.

   NZDJPY & NZDCHF 120 IS PERFORMING A SHORT TERM CORRECTION.

THE BRITISH POUND (CABLE) IS AWAKENING PERFORMING A SHORT TERM DIVERGENCES THAT WILL REVALUE CABLE AGAINTS ITS CROSSES. NEVERTHELESS, THIS SITUATION IS ANORMAL.  THIS IS THE REASON WHY THE BP IS NOT CONSIDER A LEADER CURRENCY DUE TO  ITS IRREGULAR PERFORMANCE WITH  ITS CROSSES INVALID IT TO BE A SECURE CANDIDAT TO TRADE WITH.

IN THE CHART BELOW GBPEUR & GBP$  WE INTRODUCE , TWO NEWS CONCEPTS.
1)TIME SERIES COVARIANCE.
2)TIME SERIES CONVERGENCE.
WHEN WE FIND BOTH PLUS AN INDICATOR OF DIVERGENCE WE ARE IN PRESENCE  OF A STRONG PREDICTION PATTERN IN THE FOREX MARKET.

CHART BELOW SHOWING TWO NEW PATTERN PLUS THE CLASSIC DIVERGENCE.

DISCLAIMER OF WARRANTIES .

Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance. Opinions and estimates reflect a judgment at original date of publication by FOREX CRITERIA and are subject to change.Foreign currency and financial instruments are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or income of such Investment.FX trading uses complex instruments, typically involve a high degree of risk and are intended for use only to sophisticated investors who are capable of understanding and assuming the risks involved.