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Weekly Forex Forecast
The New Zealand dollar has rallied again during the week, but I am starting to see some exhaustion, and as you can see on the weekly chart, we have formed a bit of a shooting star. This suggests that we are getting a bit exhausted, and we are overbought on the stochastic oscillator and crossing. Because of this, I suspect that the next week or so is going to be a bit of a pullback. This is Kopelman it by the fact that the US dollar looks as if it is going to get a bit of a bounce in general. S&P 500 (CFD) The S&P 500 initially dipped during the week, but rallied enough to break above the 2800 level. By doing so, it ... (full story)