Kiwi bounce?

Good afternoon ladies and gentlemen

I hope you are all having a wonderful yet maybe cautious day in the market. With NFP out tomorrow I tend to trade with extreme caution the day before as a Day Walker. The anticipated news could cause irrattic moves causing losses that could have been avoided with a little patience!

So lets see how the Kiwi has been performing since yeesterday. I have drawn in a trend line support which was breached once back in February but since then has held strong! The trend line is sitting at a cluster with a fib breather level for the conservative swing trader which since yesterday has caused bullish movement. MACD has been doing lower lows and RSI has crossed over the mid line. Could all this be indicating another test of the RN? What other factor sitting near the RN be atrracting price? Only through your own analysis can this be determined!

Alright Rich. They say that the best way of learning, apart from having a fantastic teacher, is by making mistakes. I have been guilty of not trusting my analysis on several occasions. And I am sure its a mistake we won't be making again! It just goes to show that a mechanical approach is the one and only way to be a success of the art called trading.

As for Liverpool, the title is the only chance of silverware this season but we need Man Utd to slip up twice. It's a tall order but anything is possible!

The answer to your riddle is "There are no mistakes or failures, only lessons!" Great quote and very relevant as you said!!

My riddle for today is what three words do we have written up on our wall?

A_ _

B_ _ _ _ _ _

R_ _ _ _ _ _

My next update will be on Tuesday as NFP tomorrow and a bank holiday for us in The UK on Monday. I wish you all a wonderful (Long) weekend. I am spending it with my 3 month old nephew who has just started to blow raspberries! Just makes me realise the meaning and importance of life and emphasises why I am doing what I am doing!

Till then

Abundance is your Birth Right

Zaheer Anwari