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Kiwi COT Extreme

NZD/USD has broken key support after support level and it seems now that the bearish trend is already oversold. We can't rule ot another retest of the big round number 0.6500 before going up again. The COT report is already warning us that a reversal or at least a bounce should happen because during this last leg down the commercials have become net buyers and they have been accumulating a lot of contracts as the COT report has been moving to extreme levels again (see Figure 1[/
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Daytrader21 2015年07月19日

Update 1: We had another wave of selling pressure this past week and kiwi found support at big round number 0.6500 which I think will produce a bounce. Not only the seasonality points for a bounce but also the technicals and the COT data. First level of resistance stands at 0.6650

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Daytrader21 2015年07月26日

Update 2. The market has finally found some support at big  round number 0.6500 and we saw 2 rally to push higher making each time HH and LH  which suggest we're under accumulation conditions. This is good for my forecast and coming week we should see another attempt towards 0.6680 and ultimately a break above previous week high for more upside pressure

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Daytrader21 2015年08月01日

Update 3: Unfortunately we have sold of and erased previous rally towards 0.6700. The market structure still favors the bulls as we're still above key support level and round number 0.6500 which should hold for now and see a bounce. First level of support remain previous week's high at 0.6730

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Daytrader21 2015年08月09日

Update 4: Kiwi has posted 3 consecutive weeks of price gains and the psychological number 0.6500 is holding up the price quite well and as per my predictions we should see further upside in coming weeks. Next week we should retest and break previous week high at 0.6740, however we'll need a weekly  closing above that figure for further upside.

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Daytrader21 2015年08月15日

Update 5: We're back at around the big figure and support level 0.6500. since we couldn't close below this figure the bulls are still in control. First level of resistance comes in at 0.6620 , a break and a close above this figure should see more upside ahead

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Kiwi Calling The Bottom

Two days ago in my recent webinar I've been calling out the possibility of a bottom in kiwi. I'm not expecting a full reversal just a rally inside a bearish trend or a correction as nothing goes up or down in a straight line. Even last month I've been warning that we need to prepare for a bounce but also highlighting that timing the bounce is key, you can read what I had to say back then here: NZ Dollar COT Extreme
Figure 1: NZD/USD Seasonality

The reason why I've…
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Durden 2015年07月03日

Interesting : ) 

Thanks

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