NZDUSD Long for Strong Expect Data Thursday
Structural support and fib and DMA on the 4 hr - entering long now - NZ data expected to be epic strong and move down suggests one of two things:
1) Market not convinced housing boom driven growth is great parred with untrustworthy data from China and also pricing in overhyped GDP data for NZ.
2) Setting up for big upwards moves soon - Flip side to above. if market expectation of good data is somewhat true - should see a slow build up of upward momentum tomorrow and any shortfall below forecast will slow momentum.
Either all - lazy post but safer entries will be to wait until 4hr closes back above fib .786 and EMA200 leaving a tail. I'm still feeling .75 will be tested by end of the month so lets wait and se
1) Market not convinced housing boom driven growth is great parred with untrustworthy data from China and also pricing in overhyped GDP data for NZ.
2) Setting up for big upwards moves soon - Flip side to above. if market expectation of good data is somewhat true - should see a slow build up of upward momentum tomorrow and any shortfall below forecast will slow momentum.
Either all - lazy post but safer entries will be to wait until 4hr closes back above fib .786 and EMA200 leaving a tail. I'm still feeling .75 will be tested by end of the month so lets wait and se
Kommentar:
Taking half profit and moving remaining position to break even. Looks like downward risk is building across USD pairs
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