I see a nice Opportunity NZDUSD.. could I be mistaken? lets discuss it here

[sami1985]

Hello there,,,

I am an old member here but this my first time to post something, I decided to share this with everyone... cause I feel selfish just reading an not postin any thing..So I have decided to share something with all of ya.. hope you like it

First of all, This trade is very important for me, cause I only make from 3-4 trade a YEAR
and this one is going to be my first trade for 2012

I pick my trade carefully, cause I do not want to wind up in the poor house..

Please share your thoughts with me and others on this

This is NZDUSD Daily Chart, With Fibo levels, RSI and MACD..


This is NZDUSD Daily Chart, From this pair history, It almost always reverse once it reaches RSI overbought level.. MACD also confirming this this time

I think the pair is exhausted and gearing for a rest, or maybe landing

"Look for a daily close back below 0.8210/20 to confirm reversal prospects and open downside acceleration towards the 0.8000 area"


It may also go sideways.. if that happen, It shouldn't hurt, as long as you maintain good stop loss

And Fundamentally speaking, in the foreseeable future the dollar is getting stronger and US Economy in the track of recovery..hope Bloomberg is telling the truth lol

[obie]

Right now, the kiwi is still showing strength, but is struggling to maintain its ground.

[sami1985]

is it now?
I don't think so :-)