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The Dynamic Trader Forex Blog

Monday, 2 November 2009

The Euro New Zealand Dollar.

Good evening Dynamic Traders,

Tonights chart for the watchlist is the EURNZD.

All trends are down here currently, but price appears to be making a pullback and has reached the lower fibonacci breather level.

At the time of writing price action today is making a doji candle although it is not complete, and price is at a RN.

The V.I. is down and GetStochastics is OB with false bars to the downside.

Although not ready to trade as yet a possible aggresive entry can be determined should the downside movement continue.

As always please ensure to do your own analysis before taking any trade.
















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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