A Nimble Review and a Timely Cross

Good Evening Dynamic Traders!

Following the fever of last weeks movement, the coming one also promises prime pickings with the array of strategies screaming for attention.

Below is the daily chart for the CADJPY cross.

Price has been escalating uniformly since January this year succeeding a lengthy period of weakness.

Note the established break of the value index, followed by a close above the horizontal last Friday.

The on-chart display confirms prevailing strength, fortified by the seductive resistances on the horizon.

Further analysis does confirm this courage, although a simpler stance is staring Dynamic Traders in the eye, the keenest of whom will be sure to succumb!

With the probabilities in your favour and a stringent risk management regime in place, surrender your trade to the market and allow the collective consciousness to choose its' direction.


CADJPY daily chart Advanced Get

Blog Review

NZDUSD (x refer blog 6 May)

Abiding by the analysis, price surged through the value index, piercing the zero, before close of play restricted further force.

Those who favoured this pair may have pocketed up to 200 pips. A pleasing end to the week!

The Kiwi is approaching a horizontal, which may offer some resistance before a likely bullish stance is resumed.

EURUSD (x refer blog 5 May)

Negating Fridays huge movement supported by NFP news, this pair proffered a decent 100 pips for those who took this barter!

Dynamic Traders who may have left runners open and brave enough to play out the NFP day , will have profited by a further 180 pips!

An excellent end to the week!

The Euro may yet have some steam to show off, but bear in mind the nature of market movement after a scrambling rally as witnessed on Friday.

Blazing Trading!

Saba Jackson