Euro Kiwi Strong Support

The charts below shows the daily and weekly Euro New Zealand Dollar.

As you can see the weekly shows the lows at the support level and the daily at the time of writing this looks to be doing a double bottom. Based on the fact the bar is incomplete as the day has not ended this could force it's way through the support level for further weakness. Watch for a break and close below the support for a short then use our entry stop loss technique to trigger the trade or a long opportunity with a reversal candle followed by our entry stop loss technique.

Note that our indicator on the daily chart shows oversold at a strong support level.

Do not second guess this, remember to be disciplined and wait for the opportunity then filter that opportunity with our entry/stop loss technique to allow for fake outs.


Daily chart courtesy of Advanced Get. Data provided by ESignal.


Weekly chart courtesy of Advanced Get. Data provided by ESignal.

Below is the GBPUSD chart. Once again, be patient and wait for the opportunity to arise.


Daily chart courtesy of Advanced GET. Data provided by eSignal.

Happy B'Day to Hailey (Turkey Catchers wife) and also to Turkey Catcher himself whose B'Day is tomorrow.

Congratulations to all of you who have completed UPW.

Forex Analysts
Javid Shaik & Anne Chapman