Report
Steve Lucas

DAILY SPOT NZDUSD - Tuesday's call and technicals

This week’s signals remain oversold but still bearish, but in light volume sentiment traded sideways on Monday inside Friday’s range for a little changed close. Losses of 5 Big Figs since July’s .6792 top has left signals across all time frames much oversold and the potential for a profit taking bounce is increasing. In the absence of a buy signal though the outlook for Tuesday remains cautiously bearish and the call is to sell just modestly on the open and then at .6305, today’s high in Asia with a stop loss at .6331, Friday’s top. Targets are to .6260, .6236, the 2015 low and .6152/96, Jun & Jul 2009 low trades.

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3cAnalysis
3cAnalysis

​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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