Hot-Charts
NZDJPY Eyes 50
by
Apr 29, 2009 15:38
| 29 Comments
Consolidation in JPY crosses emerges after the short-lived slide from mid April, but the uncertain outlook for global equities emerging from stress tests and onset of further govt nationalization of US banks, the refuge to safety of the yen is overdue. Days as today, when risk appetite is on the aggressive side, NZD is the strongest and JPY is the weakest of most heavily traded currencies. Such is an opportunity to expect renewed downside towards 54 neckline of the ensuing head-&-shoulder formation, followed by a medium term target (1week) of 50.00. Any extended gains are seen capped at 56, followed by maximum stop of 57 (right shoulder).
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Ashraf
Goodluck everyone. I just wish we traded for the world's longevity vs ending our civil ASAP. Note: Sears made $25M and Wall Street at one point gave them $1.5B, same day. This could be the
entire GDP of NZD.
Don't reward morons because a trend is in tact. They have enough money to keep any trend going forever. Give Shld $25M when they make $1.5B. Is it this hard to follow EPS and P/E? Would you buy a company in your region that takes 50-75 years to repay? How many banks will fund a deal with a 50-75 yr pay off ratio. No one. Look at all these corps balance sheets. All funny jokes my kids wouldnt come up with, and I don't even have kids.
and look for the articles i link to in my twitter site http://www.twitter.com/alaidi
Ashraf
Ashraf
Do you think that the NZD/JPY is in the making of a double top at 60.35 on April 6 and May 10
with the base at 54? What would be the target in this case?
Thanks
Sachin
Ashraf
Yes did manage to get out there. tks again....
Ashraf