Showing posts with label Forex FX Trading USD Dollar Oil Prices Assets Igor Toshchakov Igrok Buck. Show all posts
Showing posts with label Forex FX Trading USD Dollar Oil Prices Assets Igor Toshchakov Igrok Buck. Show all posts

Monday, June 6, 2011

#NZDUSD diamond

By now, this formation is complete.  A long position was established and a short one will be established tomorrow with reverse in case it breaks north.

On daily, a MACD bearish divergence can be observed pointing to 0.7754. Therefore, I believe this diamond will most likely break south into continuation only confirming earlier poss of USD bullish correction.


A diamond formation will most likely break south into continuation and double its main diagonal. A bearish MACD divergence observed on the daily charts will send prices lower.