NZD/USD Daily Video, September 25, 2013

[Sive Morten]

Good morning,
as EUR is showing gradual action and our analysis still the same, let's take a brief look at NZD:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[jeff b]

Question on daily B&Buy on NZDUSD . Broke 3 X 3, had a 23.5 % retrace with in 3 time periods, buy pt,

now target at 63.8 % retrace = apprx 8350 ?

 

[Sive Morten]

Hi Jeff,
this is not B&B, since market has not reached significant support level. If this happens, this could lead to DRPO "Sell" or some other scenarios.