Forex Trade Alert for Tuesday Aug 06, 2008.

On Aug-06-2008 a candlestick formation confirmed a buy signal. 4xgenie Action: ==> Buy this currency pair NZD/JPY at 79.25. Stop at 77.86. Wave 2 could rise up to 81.54 or to 83.89. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. A divergence in the MACD indicator has been found. The current downward trend may soon correct or end. The CCI is below 100. This currency pair NZD/JPY is oversold at this time.

Current Day Trading Session:

No signs of upward momentum at this time.

Next Day Trading Session:

If the next day’s close is above 79.25 then that could be a sign that new upward momentum is beginning.

FOREX GENIE.