NZDJPY - Fade FormingHi guys, the NZD is over extending and should give us a nice entry to fade the NZDJPY. You can choose any of the NZD pairs. I prefer the NZDJPY. I'll update this post when/if I get an entry.
Marketbarometer
CAD - Over Extended & About to BounceAs mentioned before; I post these charts for a few other traders. This is one of my indicators.
The CAD is extremely over extended. A consolidation will happen. If you are long the CAD, I would consider covering and possible reversing. Yesterday this indicator caught the bottom for the CAD (i.e one example would the 'top' of the USDCAD range).
NOTE: this indicator measure individual currencies and NOT currency pairs.
CAD - Over extended and will consolidate soonHi folks, I have several traders that have asked me to post updates via my indicator. Right now the CAD is over extended to the downside. If you are shorting the CAD, consider covering soon. This run is almost over.
NOTE: this indicator measures individual currencies (i.e not pairs). The CAD does 'NOT' refer to the USDCAD. This analysis only refers the cross side of the USDCAD or the CAD.
