indiTraders - Forum for the Active Indian Trader  

Go Back   indiTraders - Forum for the Active Indian Trader > Markets > Forex

Forex Currencies

Reply
 
Bookmark and Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 02-12-2014, 07:24 PM
PristineTrading PristineTrading is offline
Newbie
 
Join Date: Nov 2014
Posts: 9
Thanks: 0
Thanked 3 Times in 2 Posts
PristineTrading is on a distinguished road
Default NZD/USD Volatility Contracting

In the chart below we will take a look at NZD/USD which, over the past several weeks, has been slowly contracting in volatility.



As you can see in the chart above, NZD/USD has been coiling since the start of November by forming lower lows and higher highs. This will lead to an inflection point where we will likely see a strong move in either direction.

Some things to take note of are the fact that at the start of November price made a new low and failed to continue dropping. Additionally, each attempt to move lower has, so far, resulted in buyers stepping up. This is important to note because the trend is down overall. Therefore it should be relatively easy for sellers to push price lower. The fact that this is not happening is worth noting.

Continue to watch this pair over the coming days as it may be getting ready to make a move. Until then though, stay disciplined and do not assume something is going to happen until it does.

Until next time, trade well!


Pristine Capital Holdings, Inc.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

indiTraders - Forum for the Active Indian Trader > Markets > Forex


Tags
forex trading, futures trading, stocks, trading education

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are On



All times are GMT +5.5. The time now is 08:28 PM.


vBulletin Copyright by vBulletin

Content Relevant URLs by vBSEO 3.3.2