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Lambert: Kiwi gives sell signal

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January 30, 2015 clive, clive futuretechs, clive lambert, clive lambert futurestechs, dollar, double top, fibonacci, fibonacci levels, foreign exchange, forex, forex exchange, forex idea, forex market, forex markets, forex nzdusd, forex saxo bank, forex trade idea, forex trade ideas, forex trading, forextrading, fx, fx forex, fx saxo bank, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fxtrade, lambert, lambert traders tale, nz dollar, nzd, nzd usd, nzdollar, nzdusd, nzusd, retracement, saxo, saxo bank, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo traders, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, sell, target, targets, trade, trade idea, trade ideas, trade view, trader, trader idea, traders, traders tale, traders tale clive lambert, traders tale saxo tv, tradersta, trading, trading floor, trading fx, trading idea, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us dollar, usd

Clive Lambert is looking to sell NZD against the USD after “Double Top” sell signal.

Clive has spotted what he calls a major sell signal, also known as a Double Top sell signal, in the longer term time frame charts. NZDUSD has broken a support level at 7370 as well as broken Fibonacci support at 7340.

Clive is looking to sell below 7340 with a stop above 7400. His targets are at 7120 and 6900. Clive says this is a medium term trade with a time frame of 2-4 weeks.