The Fusion Media Network: |
 |
Welcome,
Guest!
- BROKERS
Main Directory Promotions Interviews Compare Demo Accounts Live Accounts - SOFTWARE
Main Charts Signals Trading Platforms - FUND MANAGERS
Main - EDUCATION
Main - MEMBERSHIP
Technical
Central Banks
Forex Brokers
Bearish News Continues to Pile Up on NZD/USD
By: James Hyerczyk - 08-07-2008
0votesA report showing that corporate profit expectations are declining is another bearish blow to the New Zealand economy.
A long period of rising crude oil and falling stock markets have also put the NZD/USD in a weak position.
This market is starting to price in the possibility of an interest rate cut by the Reserve Bank of New Zealand.
Major support is at .7445, if this price fails, then look for a further decline to a 50% price at .7427.
Oversold conditions may bring in some short-covering. Sell a rally to .7622 if given a chance.
Next Analysis: GBP/USD Closes on the Bearside of Gann AnglesContent Provided by:
James Hyerczyk
James A. Hyerczyk is a registered Commodity Trading Advisor with the National Futures Association.
Mr. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor.
DISCLAIMER:
Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. Prices in the underlying cash or physical markets do not necessarily move in tandem with futures and options prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. In no event should the content of this correspondence be construed as an express or implied promise or guarantee from James A. Hyerczyk and J.A.H. Research and Trading or its subsidiaries and/or affiliates that you will profit or that losses can or will be limited in any manner whatsoever. Loss-limiting strategies such as stop loss orders may not be effective because market conditions may make it impossible to execute such orders. Likewise, strategies using combinations of positions such as "spread" or "straddle" trades may be just as risky as simple long and short positions. Past results are no indication of future performance. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.
Become a member and get 6 free Forex courses by OTA! - Webinar
The presidential impact on the currency market 2008 year-end targets
Mon, Nov 24, 2008, 15:00 GMTTheLFB Trade Team The seasonal swings in equity, commodity, and forex global trade are going to play their part due to the last quarter ...
The theory and application of pattern recognition swing trading in the forex markets
Mon, Nov 24, 2008, 16:00 GMTLarry Pesavento This webinar by Larry Pesavento of The Trading Tutor will illustrate how to apply pattern recognition swing trading. ...
Understanding the limitations of Technical Analysis
Tue, Dec 2, 2008, 17:00 GMTJason Alan Jankovsky Provides a deeper look into the theory of Technical Analysis and why this information is inaccurate when ...- Charts
- Survey
Have you ever attended an investing related conference?
Browse The Entire ForexPros.com Site:
News
Charts
Quotes
Forex To Go
Forex Analysis
Languages
Forex Brokers
Fund Managers
Forex Trading Software
Education
Trading Tools
