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The Forex Pattern Price Time Report - NZD USD - Evening Session
By: James Hyerczyk - 26-08-2008
0votesTechnically this market remains in a down trend. A new main top was formed at .7217. A trade through this price will turn the main trend to up. Continue to press the short side as a break to new lows for the year is expected. Unless commodity markets turn around especially Gold, continue to look for more down side.
PATTERN
Main Trend: Down
Main Trend Top: .7217 (08-22-08)
Main Trend Bottom: .6823 (08-13-08)
PRICE
.7217 Main Trend Top (08-21-08)
.7175 Weekly Gann Angle Down****
.7161 Gann Angle Down
.7094 Week High
.7053 Weekly Gann Angle Up****
.7020 50% Retracement
.6974 .618 Retracement
.6973 New York Close
.6923 Gann Angle Up
.6897 Week Low
.6873 Gann Angle Up
.6823 Main Trend Bottom (08-13-08)
TIME
None
Attached Images
Next Analysis: Forex and Dow Jones recommended levelsContent 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.
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