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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, March 07, 2007

Kiwi Yen

NADJPY Daily
Chart courtesy of Advanced Get. Data provided by ESignal.
The USDCAD cross has halted as predicted in the uptrend but once again this is only temporary I feel. We have further upside movement on this pair and using a limit to enter if we deal above the high of the reversal day could be one strategy for entry.
The NZDJPY cross has dropped nicely to the 200MA which due to divergence was expected. Watch this as it has produced a big move and possibly may range before the next big move.
The Yen looks weak aswell.
Good luck today and dont forget NFP on Friday.