Weekly Bonus Technicals 20 December 2015


Weekly Bonus Analysis Video on NZDUSD ( 3 min  22 sec)

TEXT:
Hello everybody welcome to our weekly bonus analysis video
I'm Stef Breschi and today is Sunday, the 20th of December, 2015
The Xmas holidays are upon us ….. … we will still trade over the holidays but very selectively as markets are very thin. We will only give out signals to STTS subscribers if we do trade but we will not be writing daily reports or weekly videos after today until the weekend of 2nd/3rd January.. we wish you all a fabulous festive season
Today we’ll look at the Kiwi dollar as we think there might be a good Xmas trade in this …
Weekly Chart: market making higher lows and higher highs, seemingly in a rising channel. After the most recent swing low, there appears to be heavy resistance around 0.6800 so this level will need to be broken to see any further upside.
Daily chart: shows the rising channel quite clearly and there could be a nice trade in this over Xmas as the potential upside to the top of the channel is substantial (350-400 pips).

So we will be looking for opportunities to go Long unless price goes to retest the bottom of the channel. We hope to see a clear buy signal around 0.6650.
If we do take the trade we will let our STTS subscribers know in timely fashion.
If you’re not a subscriber, we will see you again in the new year.
Merry Xmas and Happy New Year to everyone!
Thank you for watching.

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