Buying the NZD/USD (25/7/2013)

Today we are spotting a good opportunity to BUY the NZD/USD pair.

 

Our awesome Trend/Wave/Extreme Indicator tells us there’s a good Buy situation being formed and nzdusd perfectbuy 25.7.2013it seems like it since:

  • the extremes are in the oversold area
  • there’s a strong upward trend both in terms of chart pattern and the Trend Bar nearly fully filled to the upside.
  • 2 consecutive up candles have been formed

Seems like a downwards correction has been completed and  is ready to rise again.

ALWAYS PLACE A STOP LOSS!!

Read about the Trend/Wave/Extreme system here

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.