Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

Thursday, March 13, 2014

FOREX TECHNICAL & NEWS ANALYSIS:NZD/USD MADE DOUBLE TOPS ON DAY CHART

NZD/USD made double top on day chart. The technical analysis of 4hr and 1hr supporting to go short on the pair. Investors waiting for the upcoming economic events. The day traders can scalp on the pair placing sell orders. The higher forecasts of the USD economic events will pull the pair down. 
NZD/USD 1hr chart, source:metatrader4.com
NZD/USD 4hr chart, source:metatrader4.com
Upcoming USD economic events are the key to determine the trend of the pair.

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