DX WEEKLY: Waiting for a double bottom?
DX 120 MIN BAR:Seems to be in a trading Range, toppy. Close long position.
When the Market is following an uptrend, all the NZD crosses behave in the same manner. Then, to figure out which is the best buy: follow the NZDAUD relationships. The Weakest the Japanese Yen, the Strongest the NZD. Then Carry Trade NZDJPY.
AUD$ &AUDCAD 120 MIN BAR:Uptrend follows.
AUDCHF & AUDJPY 120 MIN BAR: Australian$ &New Zealand$, and their crosses are leading indicator in the FX Market. Up trend Follows.
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.
