Kiwi, Down under

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : Day Chart (Posted Below)

After initial fall in price on the day the "Bulls" took control for the remainder of the day, finishing with a GREEN candle.

I apologise for any confusion with regards the arrow on last nights chart pointing out Divergence, If you read my explanation it was correct, however I placed the arrow to show the histogram reducing and placed the arrow generally to show this. I corrected the arrow this morning to NOT go under the zero line, even though it loses some of its visualisation intent. My apologises.

Remember we have the G20 meet in the UK for remainder of week and on Friday NFP so a certain amount of volatility / disruption will be present for the remainder of the week, use your stops correctly.

On our day chart we have the MACD histogram continuing to reduce to the centre line despite a rise in price today which means the MACD line and signal are about to cross.

RSI remains under 65 and stochastic s are on the verge of leaving the OB area.

What will tomorrow bring ?















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



Follow our other blogs
http://www.fxcps.eu/
http://www.fxcps.co.uk/blog
http://www.fxcps.com/blog/