March 2012

We've already discussed the Trending Characteristics of  The New Zealand Dollar in this previous post analysing GBP:NZD so I'll get straight to the point on this one. NZD:USD is showing some fairly classic signs of a short term top on multiple time frames and although I don't think price will play out quite like my annotated price projection, it gives an idea of

Almost certainly a little premature with this one as price continues to make new highs whilst COT report shows traders are now net short the Japanese Yen for the first time in recent history. As you may know from previous discussions surrounding CAD:JPY, I've never been interested in the long side of this pair, partly due to the fact that none of my systems have triggered buy signals since the trend reversed a couple of Month's back and partly because