There are two positive matters at Christmas: Gifts and overshoots – ForexLive
The kiwi is in a good place, but not this good
I’ve constantly discovered that the time close to Christmas and New Several years is a good time for retail traders to get an edge.
The rule of thumb in skinny liquidity is that everything carries on in the same direction it was earlier headed. It’s a drift and from time to time it goes a little bit also far.
Previous calendar year it was providing in inventory markets that took on a mind of its personal but there are a multitude of assets where this is constantly the circumstance.
This calendar year, I think the kiwi is a good prospect. The outlook has definitely brightened but the rally has gotten a little bit forward of alone, in particular in the earlier several days.
The chart above displays the NZD/USD RSI and — as Bloomberg factors out — it is really now at the most-overbought considering the fact that 2003/04 when it also overshot close to New Several years.
Scalping Strategy Course (DVD + Online) - $299.00
In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.
Forexmentor Coach's Corner First Month (Online) - $149.00
The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.