keoni.seven

keoni.seven

I’m seeing a short-term descending trend line connecting the latest highs of price action, and the 50-61.8% Fib levels line up with an area of interest between 1.4100-1.4150. I haven’t put short orders yet since I plan on watching how the pair reacts to these levels before hopping in. I’m eyeing a potential short around 1.4100-1.4050 because its a strong versus a...

keoni.seven

However, the Kiwi got a bullish infusion when RBNZ Guv’nah Graeme Wheeler gave a speech on Wednesday. In his speech, Wheeler reiterated his concern over the housing market, saying that: “Numerous measures indicate that New Zealand house prices are significantly inflated relative to usual valuation indicators.” Overall, a relatively upbeat speech that supports...

keoni.seven

Touching the Resistance area within the 1.439 ; 1.44 next resistance should be 1.45 because of old highs on the H4 chart. With trends opening above 1.4390 we should look for the bullish continuation. FX_IDC:GBPUSD