TREND of the Day GBPNZD

Published February 27th, 2009 - 10:00 GMT
Al Bawaba
Al Bawaba

GBPNZD: The Trend for the Day



Pound Kiwi appears to be a Double Top just ripe for selling. However the second peak is slightly lower indicating this is just a pause in an extension to new highs. The Harami pattern is also another clue that more highs are in store. We aren't married to this trade for if price gets behind the line of buyers at trend line support and our stop then this trade will be closed.