Kiwi crashes through!! But not for long...

Good afternoon ladies and gentlemen

I hope you have all had a wonderful day so far.

Looking at the Kiwi, there is still not much action to report back on. I can only assume that this is the quiet before the storm. Price is still hovering in and around the S and R Zone. It crashed through the VI and out Short of the zone but has since climbed back in again. Price is now fighting with the VI and RSI has just crossed over the midline. MACD histogram is above the line too. So far the confluences on the Daily seem to be holding strong but always remember who your friend is!!It looks like we will be waiting till next week before we see any significant moves unless price decides to have one more go at a break out of the zone before the week is over.




I will be unable to do an update tomorrow. So I will leave you by wishing you all a refreshing weekend and with this thought "The soul's joy lies in doing!"

Till Monday

Abundance is your Birth Right

Zaheer Anwari

The Cosy Kiwi!

Good afternoon ladies and gentlemen

Half way through the week and I hope it's been progressive and profitable so far.

I had my first look of the day at the Kiwi moments ago and so far we can say that price is finding real comfort with in this S and R Zone. It has broken out Long and Short on several occassions but then reversed straight back in. On the 1 hour chart we can see that price has dropped to and tested the VI twice. Could we see price bouncing off this with enought strength to convincingly break Long and move onwards and upwards. The indicators at the moment don't seem to be saying much although RSI is hovering very close to the midline. If we look at the AUD on the 1 hour chart, we can see price pretty much doing the same thing!!

As always do your own analysis.

I will leave you with this thought "If you want to feel rich, just count the things that money can't buy!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

Kiwi Fruitful This Week?

Good afternoon ladies and gentlemen

I hope you have all had a wonderful weekend and a great start to the trading week. I was camping in Hampshire this weekend as part of the after celebrations for my friend's wedding. It's a beautiful sight when two people who are genuinely in love commit their lives to one another. I wish them both the best of luck.

So to our mechanical marriage to the markets and to the Kiwi for another week. As most of you should know, an update went up on our sister website about the AUD by the one and only BS. This will give us a good opportunity to see how much the Kiwi and the AUD actually mimic each other. As SM we should know that the two are twin currencies. If one goes up so should the other and vice versa.

Looking at the daily we can see, that price is trying hard to break the previous pivot high. We can look at this in two ways. The saying "Trend is your _____", yes you guessed it "friend", could once again hold true and therefore we could see further move in the up direction. On the other hand, the confluence of the divergence, the Triple Top and the cluster of indecision candles and the fact that we are sitting at a Fib Breather level maybe too strong for price to continue and we could see a reversal!

I will leave you to look at the smaller time frames and the other indicators to see the action in more detail. We will then have a look together tomorrow.

I will leave you with this thought "Integrity is the essence of everything successful!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari