I'm not trying to convince anyone. I'm not in the "convincing" business.
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NZDJPY Seven-Year Trend Line Finally Cracks Under Pressure
After weeks of skimming along key support, NZDJPY appears to have finally closed below the seven-year trend line that extends off the 2008/2009 crisis lows. This level coincides with the 74.40 handle, which had previously held as support since last August. The weekly chart below is the same one I posted on January 12th when I detailed some of my top trade ideas for 2016. The trend line with the question mark just below it is the one in question. This trend line has now fallen on a daily closing basis. With yesterday’s close in the history books, traders can begin watching for sell signals against new resistance. ... (full story)
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- Feb 29, 2016 10:16pm Feb 29, 2016 10:16pm
- skenobi
- Joined Oct 2007 | Status: Former institutional dogsbody | 183 Comments
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- Edited 11:11pm Feb 29, 2016 10:54pm | Edited 11:11pm
- smikester
- Joined Mar 2007 | Status: Member | 879 Comments
Gone to a better place
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- Feb 29, 2016 11:18pm Feb 29, 2016 11:18pm
- skenobi
- Joined Oct 2007 | Status: Former institutional dogsbody | 183 Comments
I'm not trying to convince anyone. I'm not in the "convincing" business.
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- Mar 1, 2016 12:33am Mar 1, 2016 12:33am
- smikester
- Joined Mar 2007 | Status: Member | 879 Comments
Gone to a better place