LET'S PLAY IN THE FOREX..AND NOT GET LOST! Message Board

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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

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To: RockyBalboa who wrote (153)	7/6/2007 4:48:46 PM
From: RockyBalboa	Read Replies (1) of 247

248.... only 2 to 250, also the EUR hits a fresh high over 168. Kiwi update: NZDUSD Reverses Ahead of .7900 - Immense Bearish Implications Commentary: The short term structure in Kiwi is also unclear. Kiwi is at an interesting point. The pair may be in the early stages of a significant reversal. The decline from .7463-.5928 was most likely an A wave and the rally since has been wave B. Within wave B, the rally from .6719 is nearly equal to the .5928-.7096 rally and .7878 is the 127% of .7463-.5928. The high yesterday was at .7879. This is a common relationship in a flat (wave B is usually retraces between 100%-138.2% of wave A). If our count is correct then wave C is underway and the decline should accelerate in the next few weeks.

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