KNOW WHAT OTHERS DON'T
Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.
Wednesday, February 15, 2006
NZDUSD long-term chart for ID (if necessary) -- for EW.
I've erased my EW labels as I really am not at all confident of the count.
I'll leave that to you ID.
With the 7.5% current Libor rate for NZD, it is clear why I'm interested in this currency.
Pairing with CHF is being looked into (with JPY too), but it offers a nice enough differential even when paired with USD. If DX weakens, this could be sweet for (LONG) NZDUSD
Regards
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