NZDUSD sell-off could test long-term rising wedge – TradingFloor.com

NZDUSD sell-off could test long-term rising wedgeTradingFloor.comBut looking at the bigger picture on a weekly chart, NZDUSD is still trading in a long-term rising wedge. A breakout from a rising wedge usually occurs a few percentage points of the way to the apex (where the two trend lines meet). We are almost there …and more »…NZDUSD sell-off could test long-term rising wedge – TradingFloor.com

To see the best arise from your investment, remain in line with currency trends. A currency could appear oversold, but as long as it hasn’t reached major support level, it remains an excellent investment selection. Sticking to trends will keep you from losing considerable amounts of cash, and will keep your earnings strong.

Explore more about trend lines

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s