Something I will watch next week.
EUR/NZD has returned back to the weekly low from middle of february, where the upmove initiated.
It allready tried to move up, but got rejected for now. But I think there is a good chance for a decent upmove from the 1.56-1.57 area and will probably go for a touch trade if price reaches those lows again.
I've attached also a diagram, a comparison of the index strenght for those two, for the last month and a half. Since NZD is in a huge uptrend and EUR in a downtrend I would expect, especially in the light of recent (positive) Eurozone developement, and the fact that strong support is reached, this pair to be a promosing long opportunity.
GBP/NZD a classic down continuation setup. I would like to see break of RN and then a pullback to go short.
EUR/NZD has returned back to the weekly low from middle of february, where the upmove initiated.
It allready tried to move up, but got rejected for now. But I think there is a good chance for a decent upmove from the 1.56-1.57 area and will probably go for a touch trade if price reaches those lows again.
I've attached also a diagram, a comparison of the index strenght for those two, for the last month and a half. Since NZD is in a huge uptrend and EUR in a downtrend I would expect, especially in the light of recent (positive) Eurozone developement, and the fact that strong support is reached, this pair to be a promosing long opportunity.
GBP/NZD a classic down continuation setup. I would like to see break of RN and then a pullback to go short.
Thoughts are things