Post of the Day: NZDUSD Daily Chart

[B]Student’s Question:[/B]

I picked the first chart I came to… Looks to me like it was in a downtrend until 12/08 or so, then appears to be ranging… I labeled S/R even though it is not perfect and placed a demo trade. In reality I would have waited a little longer for the Stochastic to fall below 70. I’m going to leave it on long enough to see what takes place. I am, as always, very interested in hearing what you think.


[B]Power Course Instructor’s Response:[/B]

Be certain when you begin “live” trading, that all the charts are examined so that optimum trading opportunities can be identified.

That being said, you have done a good job with this pair…see the Daily chart on this NZDUSD pair posted below.