3cAnalysis - DAILY SPOT NZDUSD - Thursdays call and technicals

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3cAnalysis

Steve Lucas

DAILY SPOT NZDUSD - Thursday's call and technicals

A falling trend of lower weekly highs & lows has kept this week’s signals pointing lower. However, with daily sentiment oversold at near 4 year lows, but in the absence of a buy signal, the outlook in each of the last 2 days has been to stay short and sell the rally. This view has been confirmed, with Wednesday posting a 3rd lower daily high in a row and a loss of almost ½ Big Fig. Signals for Thursday are similar and the outlook remains cautiously bearish and the call is to sell just modestly on the open and then at .6336, today’s opening trade in Asia with a stop loss at .6368, yesterday’s top. Targets are to .6290, .6260 and .6236, the 2015 base.

29/08/2019 1 EN

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3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

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Steve Lucas

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Steve Lucas

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DAILY SPOT NZDUSD - Thursday's call and technicals

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

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