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  4. NZD/USD Signal- June 25, 2012
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NZD/USD Signal- June 25, 2012

By Fadi Steitie
Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English tr...

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Currency: NZD/USD
Trend Expected Direction: Flat
Method: Elliott Waves and Fibonacci Levels
Description: A broke in upward channel after 5th wave extension that hit 2.618 Fibonacci at price 0.8000 which gives an opportunity to a Zigzag or expanded flat after trend hits 0.77790 as expected level. Therefore, in technical term and probability, I would set the first target at 0.77900 waiting for more economic news on NZD Trade Balance.
Recommendation: Sell & Hold
Target Area: 0.77900
Stop Loss: 0.79800

NZDUSD Signal 62512

By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

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