FOREX Trade Signal for - Symbol = AUDNZD.
FOREX Trade Alert for Tuesday Jul 29, 2008.
Market is holding above the 1.2414 level. 4xgenie Action: ==> Sell aud/nzd at 1.2816. Stop at 1.2986. Elloitt Wave 5 could drop down to 1.2648 or 1.2487. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. A divergence in the MACD indicator has been found. The current upward trend may soon correct or end. The CCI is above 100. This currency pair AUD/NZD is overbought at this time.
Sorry I Can Not DROW for nothing. Ijus whant to show you DIVERGENCE is like a SHARK in the woter.
Someting is fishy in this currency pair AUD/NZD.
Next Day Trading Ranges for Tuesday Jul 29, 2008.
The 20 day moving average of the daily trading range is 101 Pips, and the 60 day moving average of the daily trading range is 100 Pips. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 74.36 percent. This means that if this currency pair AUD/NZD does not drop more than 25 Pips from the opening price then there is a 74.36 percent chance that this will be an upday.
Monthly Pivots Points.
The [R3] or the most extreme high trading range is 1.3040.
The [R2] or the extreme high trading range is 1.2991.
The [R1] or the high trading range is 1.2932.
The [P] or pivot point is 1.2883.
The [S1] or the low trading range is 1.2824.
The [S2] or the extreme low trading range is 1.2775.
The [S3] or the most extreme low trading range is 1.2716.
Current Day Trading Session:
Momentum is continuing upward at the present time.
Next Day Trading Session:
If the next day’s close is below 1.2906 then that could be a sign that the current upward momentum is reversing.
4xGenie Support Team
